Despite the fact that Forex trading is a matter for the individual, and, in general, each trader receives revenue through the use of the knowledge and methods of trading on the Forex thriving phenomenon as a paid analyst.
The essence of the paid analysts is that brokers and think tanks offer its subscribers certain trading signals - predict in what direction and how the exchange rate will change in the near future. The cost of trading signals is relatively low, which allows even beginners to use this service, but you need to realize that all is not gold that glitters, and the assistance of analysts caution.
Paid analyst must serve an additional trader, but not the main factor in the market orientation. First, it should be understood that the currency market is very dynamic, and the situation can change it for a few minutes. Therefore, issued a few days ago predictions may be outdated, especially if it is a technical analysis of the market Forex .
Another problem today is the lack of paid analysts qualified people giving predictions of the market. In many cases, it is simply a translation into Russian forecasts with special analytical sites abroad, and this "analysis" is carried out with a significant delay, which can ultimately undermine its value. Sometimes, the company is trying to develop its own forecast, however, does not account for all the fundamental and technical factors that affect the exchange rate. This leads to incorrect conclusions and is "bear" service to subscribers.
However, a paid analyst, especially if it is provided by analysts to trust should be considered. Such projections help to protect themselves from their own mistakes, his analysis of the data comparing with the trading signals provided by research firm. Many traders are encouraged to work on the principle of "double yes", which means that the trade decision is made, it is equally as on the basis of its own analysis, and given the trade forecasts research firm. This principle, though, and makes trading in the stock market, the more conservative, introduces a reasonable compromise between the trader's own analysis and general investor sentiment.
How to distinguish the real professionals from fans of easy money? These analysts never hide the method of its estimates, give their solutions to professionals with characteristic calm and conservative, always produce their signals in the form of recommendations rather than imperatives. Pay attention to the design of the site, the reviews that received research firm in specialized forums. But the final answer to the question of whether analysts are experts in their field, can only give practical cooperation with them.
The essence of the paid analysts is that brokers and think tanks offer its subscribers certain trading signals - predict in what direction and how the exchange rate will change in the near future. The cost of trading signals is relatively low, which allows even beginners to use this service, but you need to realize that all is not gold that glitters, and the assistance of analysts caution.
Paid analyst must serve an additional trader, but not the main factor in the market orientation. First, it should be understood that the currency market is very dynamic, and the situation can change it for a few minutes. Therefore, issued a few days ago predictions may be outdated, especially if it is a technical analysis of the market Forex .
Another problem today is the lack of paid analysts qualified people giving predictions of the market. In many cases, it is simply a translation into Russian forecasts with special analytical sites abroad, and this "analysis" is carried out with a significant delay, which can ultimately undermine its value. Sometimes, the company is trying to develop its own forecast, however, does not account for all the fundamental and technical factors that affect the exchange rate. This leads to incorrect conclusions and is "bear" service to subscribers.
However, a paid analyst, especially if it is provided by analysts to trust should be considered. Such projections help to protect themselves from their own mistakes, his analysis of the data comparing with the trading signals provided by research firm. Many traders are encouraged to work on the principle of "double yes", which means that the trade decision is made, it is equally as on the basis of its own analysis, and given the trade forecasts research firm. This principle, though, and makes trading in the stock market, the more conservative, introduces a reasonable compromise between the trader's own analysis and general investor sentiment.
How to distinguish the real professionals from fans of easy money? These analysts never hide the method of its estimates, give their solutions to professionals with characteristic calm and conservative, always produce their signals in the form of recommendations rather than imperatives. Pay attention to the design of the site, the reviews that received research firm in specialized forums. But the final answer to the question of whether analysts are experts in their field, can only give practical cooperation with them.