Top Trade Idea For March 20th, 2015 – AUD/JPY
By Michael McCarthy Of CMC Markets
Fashions in trading come and go, and many traders are shaped by their biggest wins and losses. This may explain why share market traders tend towards bearishness. Stocks go up by the stairs, and down in the elevator, meaning share traders often get their largest and fastest wins in falling markets. These happy experiences bias them towards negative views of the market.
Similarly, many forex traders prefer trending markets – these have delivered their best trades. Among technical traders, this often sees them leaning towards momentum indicators over mean reverting indicators In fact, some traders sometimes complain about sideways markets. What this usually means is that their momentum based indicators are not delivering useful signals.
Full Article and Trade Details Here
By Michael McCarthy Of CMC Markets
Fashions in trading come and go, and many traders are shaped by their biggest wins and losses. This may explain why share market traders tend towards bearishness. Stocks go up by the stairs, and down in the elevator, meaning share traders often get their largest and fastest wins in falling markets. These happy experiences bias them towards negative views of the market.
Similarly, many forex traders prefer trending markets – these have delivered their best trades. Among technical traders, this often sees them leaning towards momentum indicators over mean reverting indicators In fact, some traders sometimes complain about sideways markets. What this usually means is that their momentum based indicators are not delivering useful signals.
Full Article and Trade Details Here