What do you mean trends do not exist in forex? Maybe you do not know how to read trends. I don't know. But, you can expect a trend to exist in these markets for around a month at a time. Due to the nature of currencies, and the balance between them, currencies are naturally a mean reverting market.
Price seems to behave in this market just as it does anywhere else. My monthly target is 20%, and it's rare that I am below that. More often then not, well above it.
This is a nasty time of the year to be trading these markets, and as such I have not been placing the amount of trades I usually place.
For December 2012 I am currently +14.5%. On par for my 20% goal.
This has been an extremely volatile year, just as it has been over in equities. The rumor mill has been fully rampant with all kinds of stories about the demise and saving of Europe. With proper money management and risk calculations there should be no reason why this market is less trade-able than any other.
Price seems to behave in this market just as it does anywhere else. My monthly target is 20%, and it's rare that I am below that. More often then not, well above it.
This is a nasty time of the year to be trading these markets, and as such I have not been placing the amount of trades I usually place.
For December 2012 I am currently +14.5%. On par for my 20% goal.
This has been an extremely volatile year, just as it has been over in equities. The rumor mill has been fully rampant with all kinds of stories about the demise and saving of Europe. With proper money management and risk calculations there should be no reason why this market is less trade-able than any other.