03, November 2015: Investing in the foreign exchange is a lot like gambling. You're faced with high odds of losing such that sooner or later your luck will run out and you'll have to lose, like everyone else. Therefore, the only way to win this type of game is to keep playing smart and making sure that while losing is inevitable, there are ways to make your ratio of wins is greater than your losses. This is what makes forex work. Technical for-ex analysis is in the end decided by your personal strategies and preferences since there's no real consensus on what's the absolute right way to go about things. Individual traders can go about things in any way that they want, as long as it's effective. With that said, there are also common technical indicators to watch out for.
You can use your opinions to make predictions on how the market will go. Your thoughts and views as a trader, believe it or not, can affect market movement. Forex traders buying and selling their shares or currencies away as investors can have a direct impact on a currency's value, although this is more of a collective type of impact. Nevertheless, if you have an opinion shared by other traders in regards to the viability or non-viability of a given currency regardless of the state of the nation in question or previous patterns on market trends, then that can make an impact. The trader himself or the http://www.forexchef.de traders themselves can be a factor in foreign exchange market value, particularly in terms of their sentiment on the market in question.