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Quite often, people who are just starting to take their first steps in the world of forex ask themselves the question, how to choose the most important and correct from the entire mass of analytical information. In this question, one should always objectively consider certain opinions or tips on trading on the blog tradelikeapro.ru and learn to select only the necessary and relevant information.
So, it should be understood that if there is a lot of water in the information provided by the forex trading expert, there are many deviations from the topic, then the material for reflection should not be accepted. Professional traders always rely strictly on figures, substantiated facts based on specific events. And in general, first of all, one should always rely on the general analysis of the most central and large credit institutions of the USA and Europe, namely, for example, "Danske Bank", "Citi" or "Robobank". Although many people think that all banks act only in their own interests, the main fact here is that they themselves create the trading market. Moreover, after 2008, new rules were introduced to regulate the legal relationship between private traders and credit institutions. In cases where banks violate the rules, they are immediately heavily fined by state supervisory bodies.
But if we consider the question of choosing a specific professional who should be listened to, it should be noted that traders themselves must understand the most basic rules of trading in the forex market. After all, a person who does not know the basics, does not know the rules of the game, so to speak, will simply not be able to understand technical analysis and will most likely always be at a loss. And as you know, only a small part of market participants is always in profit.
For example, a private trader uses an expert's analytics, not realizing that the analysis is two-sided, i.e. it considers the market movement both from the bottom up and from the top down. And in the end, as a result, he remains at a loss, at the same time blaming that expert for everything, although in fact he simply did not understand and does not know the principles and rules. But do not forget that all experts are different. You should always pay attention to the results and forecasts of the analyst at a distance, i.e. there should be positive dynamics in terms of profit.
Of course, it should be said that a private trader should not only listen to and rely on the opinion and material of experts and market analysts. Each market participant must understand all the risks themselves and soberly assess their opportunities and resources.
