Trading Like a Fifth-Grader Will Not Lead to Success, but Trading Like a Preschooler Will, States CaesarTrade FX

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Using economic releases to base trading decisions tends not to be as successful as simply using the basics of technical analysis, which any preschooler can do, states CaesarTrade FX-CFD.

“I’m reminded of a quote by the fountain of all financial sagacity Warren Buffet who said ‘ When you combine ignorance and leverage, you get some pretty interesting results.’”

From its experience with traders, CaesarTrade FX-CFD has noted that the major interest is when economic releases occur and are more volatile than normal as Marketwatch pointed out last week. The vast majority of traders use the now public information to simply place trades in the direction of the released data, not regarding the risks at hand. What CaesarTrade FX-CFD finds to be a better solution is for the trader to make use of charts and make notations that any preschooler can do in five minutes.

Using charts of markets represents the accepted price of any instrument after all factors have been decided. It is the job of traders and investors to decide on what point of interest will they risk capital on their observations and beliefs. Using fundamental information from just released public information tends to have already been priced into the market and the market volatility that is experienced can occur for many different reasons not always attributable to fundamentals.

“I find it funny that most traders will place significant money on a simple news announcement that any 5th grader – even Jeff Foxworthy – would know and expect profits to go their way," states Eric Harbor CEO of CaesarTrade FX-CFD. “I’m reminded of a quote by the fountain of all financial sagacity Warren Buffet who said ‘ When you combine ignorance and leverage, you get some pretty interesting results.’”

CaesarTrade FX-CFD solution for traders is to use an economic calendar such as offered by Forex Minute and use basic technical analysis to better enter and exit trades.

Eric Harbor is available for an engaging interview with amusing anecdotes that are not always found on the subject of Forex Trading. The online Forex broker that he runs, http://www.caesartrade.com, has been in business over a year now and keeps developing useful offers for trader with thoughtful ideas for traders to consider. He can be reached at +1-937-581-4244.

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Eric Harbor
Caesar Trade
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