Janice Dorn Forex Trading Recipe VS Jane Foley
Forex trading is a business that can give you big profits but can sometimes also be a very dangerous and harmful business. This is probably what makes some traders feel less confident or even afraid of failure if trading. Even no less of which then surrendered because it has experienced failure and loss in large numbers. If you are one of them, then you should continue to learn various stories and trading recipes from forex trading experts, so you are more motivated to rise.For this reason we will discuss forex trading prescription a la Janice dorn and Jane Foley
As traders in general Janice dorn start step in the world trading in a way that is not easy and full of struggle. With the persistence and passion to keep learning now this female trader can be successful. For the style of trading Janice is a person who embraces the free market. Even in teaching and practice trading Janice also apply the concept of free market. In addition Janice also has confidence if one can be successful trading if he can control his emotions. This is because he thinks emotion is the friend and the most dangerous enemy in trading. here are some recipes to develop a Janice dorn-style profit that consists of 10 rules in the following trading:
- Trading with the amount of money that will not create stress.
- You should know the ideal trading time frame
- Start trading from small size first.
- Know yourself. Before you jump into the market find out what your weaknesses and strengths are as a trader.
- Do not just focus to gain profit in trading. In addition to profit you should learn the trading strategy and practice the right way of trading.
- Plan your trading and apply the plan.
- Try not to trade every day, especially every time.
- Look for opportunities in places that traders rarely think about.
- If you are still in doubt do not enter the market first.
- Execute trading only if there is already a signal.
In addition to Janice dorn another successful female trader is Jane Foley. Jane’s success is proven by her nickname as a trading strategist. Unlike Janice dorn applying free-market trading style and more emphasis on emotional arrangement, then the secret of this one trader’s success can not be separated from the name of fundamental and technical. Jane Foley is known for being an experienced forex specialist with a fundamentally based view. However, jane did not dismiss if the technical analysis is equally important. According to him only using the fundamental analysis exclusively in a trading it is not wise. This is because there are some short-term traders who prefer primarily technical indicators rather than fundamentals. An expert named Jane also recognizes the importance of technical analysis that can also have a big effect on the market.Although Jane Foley is a trader who is more likely to use the fundamentals, but if asked the problem of indicators used he can not answer it specifically. This is because according to the indicator used it depends on how the current market conditions. Here is a fundamental analysis that Jens Foley always takes in:
- Monitoring the movement of economic news
- Looking at the economic calendar
- Seeing the flow of capital (capital flow)
- Pay attention to interest rates and central bank
- Viewing changes in Gross Domestic Product (GDP)
- Consider the Consumer Price Index (CPI)
- Always update the news of the central bank and the forex market
In addition Jane also stressed if it is very important for a trader to have an understanding of the support and resistance levels. Jane Foley has an opinion if the success of trading can also be obtained by having a personality and special character. Because of this special character that distinguishes a professional with an amateur person. The point is if you want to be a trader who has outstanding achievement, both men and women you should be able to get out of the comfort zone and dare to take any risks that exist.