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Random article: Conscious trading
Of course, the crocodile often fails in his hunting. Prey may be dodged and escape. But the crocodile never panics. He returns to the waiting position and prepares for the next opportunity. One weapon to face the uncertainty in the Forex market is the discipline. When the Forex market moves in uncertainty, then the pro trader will protect his/her accounts with a high self-discipline. They create trade rules for themselves in accordance with the strategies they use, and with high self discipline, they always follow the rules of the trade. Forex is the world that is free to a high extent. But every trader should create trade rules for himself and should be responsible for the trading rules. This is the factor that distinguishes a pro trader from a trader who failed.
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Popular article: Forex traders’ psychology: buyers and sellers
Forex market has its driving forces. Such forces are participants of market. For clarity, it is accepted to divide them into several types: bulls, bears, pigs, rabbits, hogs, lambs. In this zoo, driving forces are exactly bulls and bears. Their clear intentions and determination can greatly influence currency rates. This terminology was adopted from stock market, where emotions play not the last role in movement of quotes, thus, analogy with animals and their typical behaviour provides a clear idea on psychology of market participant.
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