Day trading consists of buying and selling a financial instrument on the same day or even several times during a day. You must know how to take advantage of small price movements to create a lucrative momentum.
If I owned a goat, but I needed a knife, would I exchange the whole goat or just half of it for the knife? How can I do this without a comparison or a way of knowing what the knife is worth?
In every discipline, understanding the broader picture, the correlation of various factors and the functioning of specific processes can be a challenging task. This gets aggravated by a specific language and countless terminologies, not always used in a consistent and uniform way.
You sit down to check the markets. You review recent price movements and consider potential trade ideas. But what happens next?
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Trading the markets its all about the decision in certain moment; to be right in price direction and timing
Discover how to make money in forex is easy if you know how the bankers trade!
Over time, we’ve received some comments as to why analysis is necessary and whether it is actually useful to traders.
Chart patterns are one of the most effective trading tools for a trader.
![Trading the cart before the horse? How a catalyst can improve trading performance [Video]](https://editorial.fxstreet.com/images/TechnicalAnalysis/Sentiment/Sucessful-trader-stock-candles-chart_XtraSmall.jpg)
