Anticipation Event Outcomes is a must

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Next on the list is “Anticipation Event Outcomes is a must”. It is understanding that trading is very similar to chess, in which the best players are thinking several moves ahead of the opponents. Successful forex traders look ahead to future events and consider how the markets has (or has not) priced in an expected outcome. ¬†We also consider the likely reactions if the event matches, or fails to match, those expectations. Then we construct trading strategies based on those alternative outcomes. While the rest of the market is trying to figure out what to make of the event, checking charts and redrawing trend lines, the forward-looking trader has a game plan already in place and is ready to trade.

Also Study,

Developing a Trading Plan

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