It is not exactly new, just some more ideas how I can go about my trading.
I have not been getting frequent trades for a long long time. It is also good in a way it can test my patience. I want to be sure of what I am doing before I dive into it.
http://www.adam-khoo.com/1315/making-a-fortune-short-selling-gold-and-it-is-just-the-beginning/
Below is an article by Adam Khoo, which gave me the idea. He is one of my favorite authors, because of his insights and also the way he writes his books. He don't use fancy languages or literature. That is one thing that is missing from many books. His books are as easy as reading a primary school book, and because of that, you can absorb a lot more knowledge from it faster.
Back to the topic, the article demonstrates clearly that you can easily combine fundamental understanding with technical methods. What I can do is I can be a frequent news reader, and know what is the major thing that is going on currently.
For example, recently, the Fed just killed peoples' expectation again of a QE tapering. So from that, I know that I should be seeing the price of USD depreciating among other currencies for a few weeks.
Once I know a major fundamental movement, the next step is to use technical analysis to get in the trade. Basically, the idea to get into the trade is when there is a slight dip while expecting a surge, vice versa.
Adam Khoo's article is a very good read about how he does it. And in the next few weeks, I will be looking to see if there is a good time to leap into the train of the fundamental movement.
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