subject: Forex vs. Commodity markets - good trading systems handle both 1/2 [print this page] Forex vs. Commodity markets - good trading systems handle both 1/2
There is an ever growing need for a good forex trading system that is completely based on the weaponry and tools of the technical trend analysis. And if it is so, then what makes a difference for those who want to trade gold or want to trade the EURUSD with this underlying forex trading system. The cold fact is that even though the wheels of fundamental analysis roll in a completely different way in case of commodity trading an in case of the forex market but if you take a closer look at both of them from a technical point of view then you will clearly see that pretty much the same principles apply and predominate.
Moreover, what you see as a high potential entry sign on the chart of any currency pair may indicate you the very same action on the graph of silver, oil, corn or copper. Try to imagine what the technical analysts may search for on a graph and tend to implement it into your very own forex trading system. If you can manege to soft tune your own forex strategy to the different markets than you can have a weapon to shoot at all the markets and if you do a good job than it will prove to be working for you in the forex market and in the commodity market as well. I can even tell you a more exciting fact though. It will also work for the stock market and the the market of national bonds also because it is exactly the same technical set-up's that will drive the price movements.
I know of a system that incorporates the potential to trade multiple markets from one platform. I am quite sure that there are many forex trading systems with the same purpose but there was only one so far that has worked out for me and what I could handle with a reasonable fluency from the very beginning. This system was called the Stealth Forex Trading System and you may find more information on the product and the logic behind at the website www.stealthforex.com where essential information concerning the strategy can be found. There must be dozens of other systems that can be equally good and also well-functioning but this was the one that impressed me the most.
Anyways, if you believe that technical analysis is the key to your financial goals and the most important motive for you to become a successful trader then go to google and dig for a appealing forex trading system which will meet your requirements and which can be tuned in a way that the same logic would apply to multiple instruments.
Keep in mind that the different markets are like different rooms in a big club where DJ's play different music in the different halls. People are dancing in all of the rooms pretty much the same way (this is the technical analysis) but they are still a little bit distinctive from each other (that is your self-tuned strategy). You have to find a proper combination of the two but a good forex trading system is very likely to be capable of handling this matter.
Now all you have to do is to find the strategy that will serve this purpose but this will be the topic of my upcoming post soon.
