Читать книгу Currency Trading For Dummies - Kathleen Brooks - Страница 18

We’re not trying to be funny here. Honest. What we are trying to do is get across the idea of the many cross-currents that are at play in the forex market at any given time. Earlier in this chapter, we note that currency trading is just one form of market speculation, and that speculative trading involves an inherent market dynamic (see the section “What Is Currency Trading?” earlier in this chapter).

Call it what you like — trader’s instinct, market psychology, sentiment, position adjustment, or more buyers than sellers. The reality is that the forex market is made up of hundreds of thousands of different traders, each with a different view of the market and each expressing their view by buying or selling different currencies at various times and price levels.

That means that in addition to understanding the currency-specific fundamentals and familiarizing yourself with technical analysis, you also need to have an appreciation of the market dynamic (see Chapter 8). And that’s where trading with a plan comes in (see the following section).