-analytics: the price of trust
Any newcomer to the market wants to make a lot of money fast. Unfulfilled dreams are taking real shape, everything they thought and dreamed about is so close to them. Expensive purchases, financial independence, freedom in actions everything the market can give. So why is it so difficult to earn on the market? Why the majority of beginners after losing all their deposits leave the market? What prevents to work and earn in the market? After all, at first glance, everything is not so complicated, there are two movements either up or down, and we only need to understand where the market goes, and earn on this movement. But having penetrated into the essence of the market, a beginner understands that everything is not so easy and even two parameters are not so defined. It is necessary to study, to understand the market, to study strategies, indicators, volumes and a lot of different information.
Trading without an understanding of the market, according to other people's predictions, is a waste of money and time
When a beginner realizes that it's not as easy as he thought, beginners are helped by traders The almighty "gurus" of the market come, who will always prompt, help, explain and predict where the exchange rate of a currency pair will go tomorrow, or even in a week.
Why learn and read a lot of literature, understand the essence of the market, if there are people who will help you and tell you everything.. After reading previous predictions, which almost always come true, a beginner decides that this is the person who will make him rich. It seems, what is difficult, after listening and reading such analyst's predictions to open a deal in that direction which he predicts and simply earn by closing profitable deals. There is a running joke among professional traders who work, earn and live off the market profits: "Analyst is the person who can explain today why yesterday what he predicted the day before didn't happen.
Traders know that analysts or any guru cannot predict the marketThe market is not a market, it's a market, but it can only explain why this or that action occurred in the market. If you think about it you will realize that no one in the world knows if the dollar or euro will go up in price or where the currency pair will go tomorrow. You have to understand that the analysts are predicting and telling his point of view, his vision of the market, There are no golden rules or the right view of the market. Basically, such forecasts, analyses are made with one purpose, to attract newcomers to trade in the market and make money on it for themselves.
In fact in general any analyst makes a couple of forecasts for free, putting them on the public review of the Internet, so that the inexperienced trader having read such forecasts would believe that the analyst knows and sees the essence of the market and can always tell where the market will go. And then the analyst warns and says that he will make your trading just very profitable, if you subscribe to his forecasts or mailing list, of course for a fee. And even better will be if for unrealistically expensive course, you will Skype or in any other way online, trade with him and receive trading signals, where and how to open the deal. All the investment will quickly pay off for you and you will start earning good money. As a rule of thumb, it does not lead to earnings, but only to losses of the trading account. Trading without an understanding of the market, according to other people's predictions, is a waste of money and time.
You should always have your own opinion
If you watch and analyze all the predictions of any analyst, over time you will notice how cleverly he manipulates strategies, indicators, the behavior of currency pairs. Any movement and pass by a certain amount of currency pips, the analyst can always explain and tell from two opposite angles. He just chooses the direction he sees at a certain point, but that doesn't mean it's the right one. Sometimes these predictions are ridiculous. An analyst makes a prediction to buy currencies in the morning and sell them in the afternoon, and this is the most innocuous thing that gurus do. From all of the above it is necessary to conclude that at any time and with any market behavior the price of currency pair can move anywhere, that the same indicator or market indicator can always be viewed from both sides and if necessary it can give a signal for either buying or selling the currency pair. Demand always generates supply.
There is a great demand for the services of analysts who tell you very confidently and without a shadow of a doubt what will happen in the market tomorrow. The human brain is built in such a way that it is always looking for help, confirmation. It is inherently very difficult for a person to make a decision on his own. That's why traders, especially beginners, are looking for a guru who would make a decision for them and tell them what to do in the market and how to do it. Under no circumstances should you trust the predictions of even the most renowned analysts. And paying money for it is just ridiculous. For successful and profitable work, you always need to have your own opinion, based only on your own analysis, look at the market, stick only to your strategy. To make your own mistakes, to see and understand them better than to make someone else's and not understand what you are doing and why. Only through your own developed strategy, plan, market view you can achieve good results in the market.