How do forex traders predict price? - Page 2
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Thread: How do forex traders predict price?

  1. #11
    Verify Magic 8 Ball.

    Seriously, it comes in time with watching hours upon hours of chart time... after awhile you develop a sense for this. If you don't then run away, far away.

  2. #12
    Quote Originally Posted by ;
    How to know when to get short or long? I don't know how to predict price and constantly betting.

    Thank you
    Prediction is hard but possible, red is called vs blue real values. Within this experiment 4446 data were used to predict from 4447 to 4678.

  3. #13
    Really intriguing one. What's your time?

    For short term stuff. . I've been embracing the order board levels which are posted pretty much daily on

    Although my experiences with these certainly seems to put them as EXIT's rather than entries, and even then, nothing you can walk away from, because there usually is a range for the bids and offers.

    If there is a real space ( 10 pips) between the current price and these, anything is possible.

    EDIT: Course basic technical analysis on one timeframe upward, support and resistance and (to a lesser degree) daily pivot levels are also superior price goals. In case you've got a strong tendency on your chart, fibonacci retracements are also excellent, though I would not ENTER a position based off the levels.

  4. #14
    Quote Originally Posted by ;
    Really intriguing one. What's your time
    Hi stockmarcus,

    For the forecast just past data history is utilized, 1 minute period, yet another examples:

    Its rare but sometimes it might be possible to forecast consecutive seconds with no mistake, in this example 11 seconds

  5. #15
    Hmmm.. Prediction may be a bad way to check at it.

    Perhaps its best to have done your analysis and determined that there is a very likely -chance- that the market will move in a particular direction.

    I presume that once im in a position, I am going to need to manage it whether at stop or success.

    So do better analysis and manage your trade out. . Its not certain enough to attempt to forecast if you know what I mean.

    Subtle but maybe important differentiation. . ?

  6. #16
    How do FX traders forecast price? I think they are based on their instinct and expertise, on technical and fundamental analyses and economical news

  7. #17
    When we had the answer to that question, we would all be rich. The truth is that the majority of retail traders can't forecast the market and will lose. The rare few who remain in the game will forecast the market using analytical abilities they've developed after several hours of studying the market.

  8. #18
    Predictions are always difficult especially about the future.

  9. #19
    Managing losses is much more important that management of prices.

  10. #20
    Quote Originally Posted by ;
    How to know when to input long or short? I really don't understand how to predict price and constantly gambling.

    Thank you
    Here's a simple way to forecast price:

    By following the primary trend. Sadly, this isn't quite as easy as you might believe. It is counter-intuitive to put in to a pull back in a trend so people input if the price is trending strongly. This is normally followed by a pull straight back, or retracement and the poor trader watches his/her trade go into drawdown. Hmm. Got this wrong. Is exactly what they say, and shut the trade. And losses are compounded.

    There are lots of ways to handle this problem. One of the easiest would be to use moving averages to (a) identify a tendency and (b) identify a pull back.

    Trouble is, moving averages give all kinds of bad signs in a consolidating market.

    Here's a really simple system which will help rookies see entry opportunities:

    So we see at stage 1 the price is consolidating and the moving averages are mixed up.

    At stage 2 the moving averages are both pointing upward and the price has retraced somewhat. A good entry would be in which the price leaves the moving average again, continuing upward.

    At stage 3 we see the moving averages muddled again, with one pointing up and one pointing down. No transaction, no fad.

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