Do you wonder how successful forex traders make profit every time they enter into any trade? No matter what the market condition is, no matter rates are falling or rising they always manage to make profits. The secret of their success lies in the way they think and enter into any trade. If you understand how and when they make purchasing and selling decisions it is very easy for you to copy them and you too can make profit in every trade you make in forex.
Before looking into the secret strategy of successful traders let us first look at why most of the novice inexperienced traders miserably fail in forex market. If you notice around you will see that most of the traders have a mindset of ‘buy low and sell high’ notion. While it may be true but it will entirely depend on guessing and predicting the future.
No one can predict future 100% correct, let us face it. And so it is futile to attempt to predict how market will move in future. Buying on support point and selling on resistance levels can go wrong at least 8 times out of 10. The reason is several factors play a role in market movements. It’s just not possible for any expert to predict the market future movements.
It is for this reason that experienced smart traders don’t bother to predict the future. They rather try and follow the trend. Their strategy will be to ‘Buy High and Sell More High’, and this works every time. You need not to care why market is coming up or why market is coming down. Simply catch a point while rates are moving up and enter the trade and come out of it the moment you see you are making minimum profit.