Some traders believe the market can be predicted and charts move to some higher force - their wrong. Others believe the fundamentals drive prices and their wrong too - if you want to win with your forex trading strategy you need to understand the key factor which is...
Forex Market signals
Market signals is the views of all the traders added up and it equals price and many people totally misunderstand its importance.
Most of us have the same facts to look at - but we all draw our own conclusions about what they mean and this is the price. So the fundamentals are NOT important, it's what traders think of them en-masse which is and this is why you can't trade breaking news.
When you look the charts reflect the bullish or bearish signals to a degree - they show you the reality of what traders think - but they don't give you clues to the future of what humans may do next - that's why all the clever, mathematical, predictive theories DON'T work.
Well how do you judge and trade signals?
There is a great tool you can use and it's free and it's called Forex Killer. It gives you an idea of what traders are doing in currency futures but is also applicable to cash. It gives you all the signals from what the traders think and play in the forex market at any time and it is totally and mathematically true!
Follow the Smart Software without any dubt. Its real advantage is it gives you free access to what the smart money is doing and this is a huge advantage in making your forex trading strategy work.
When you see big extremes you know a break is coming and the Forex Killer confirms or if you are wrong it says it to you.
The way to use the Forex Killer is to spit your set up and then move to your charts for confirmation. The Forex Killer gives you the set up which indicates when prices have moved to far from fair value. You then wait for the indication of a turn on your forex charts - then hit it.
Normally, once the market eases the speculators will get shaken out quickly, as they scramble to get out governed by their emotions, triggering a counter trend.
The signals are the smart money and if you want to win, you need to look at their actions - they will tell you when a market has moved and you need to make a trade.
You can then hit the big contrary trades for big profits.
It's a simple, free tool that gives you an insight into signals and its an extremely powerful addition to your forex trading strategy.
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