Thursday, January 6, 2011
China Inflation Rises-Euro Relief Rally Falters
Asia Pacific market were weaker late in the session after CPI figures from China rose 2.8 % in April,marking the fastest pace in 18 months. Analyst estimate had called for a reading 2.7%. Property prices continue to soar with, with the NCRC housing price index rising 12.8%, beating consensus estimates of a rise of only 11.6%. The news fueled concerns that the government may raise rates in an attempt to combat inflation. China has been trying to cool an overheating economy and prevent a burst in the nation's surging property bubble. Just last week, the government raised reserve requirement for the third time this year.With today's data ,it seems likely officials will implement additional policy tightening measures,which will implement additional policy tightening measures, which will stand to limit advance in composite fell by 1.9%, with the Hang Seng
Discretionary Forex Trading- is it for Me?
Discretionary trading is very exciting if you ask me. Because the market is dynamic and never will you find the same market action two days running ,so is the daily study on the market action and that's where discretionary trading comes in.
On the opposite side of discretionary trading, you'll find mechanical trading but this is outside the scope of this article so we won't be dealing with it for now.
In discretionary trading, we watch for quite a number of factor to come up with trading biases and decision as result of them. These factors include the time of frame, the duration of our desired trade, news release, candlestick patterns,global macroeconomics and so on and so forth. There's just way too many factors to be named here.
Now to answer you on the question of if discretionary trading is for you, you have to first understand yourself.When I say that , I mean if you are a disciplined person or are you pretty emotional. If you get emotional .If you get emotional, then discretionary trading can be a very steep slope for you should look to mechanical forex trading systems.
It also helps if you are good with chess , poker or math for that matter when it comes to discretionary trading. Now take note that this isn't a proven theory, it's just one of my personal opinion and beliefs.
Go slow on yourself and take time to see if you enjoy studying charts and stuff, so, you might have a thing or two for discretionary trading and stand a good chance succeeding at it.
On the opposite side of discretionary trading, you'll find mechanical trading but this is outside the scope of this article so we won't be dealing with it for now.
In discretionary trading, we watch for quite a number of factor to come up with trading biases and decision as result of them. These factors include the time of frame, the duration of our desired trade, news release, candlestick patterns,global macroeconomics and so on and so forth. There's just way too many factors to be named here.
Now to answer you on the question of if discretionary trading is for you, you have to first understand yourself.When I say that , I mean if you are a disciplined person or are you pretty emotional. If you get emotional .If you get emotional, then discretionary trading can be a very steep slope for you should look to mechanical forex trading systems.
It also helps if you are good with chess , poker or math for that matter when it comes to discretionary trading. Now take note that this isn't a proven theory, it's just one of my personal opinion and beliefs.
Go slow on yourself and take time to see if you enjoy studying charts and stuff, so, you might have a thing or two for discretionary trading and stand a good chance succeeding at it.
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