By Annabel Meade
One of the most important points in your FOREX Education should be that if you try and predict FOREX prices you are 100% guaranteed to lose. The reason is obvious yet more novice traders make this mistake than any other - yet you don't have to predict to win let me explain why ... Predicting is simply another word for hoping or guessing and that will not make you money in any venture in life and certainly not currency trading. Trading based on your expectations or predictions means you are projecting your emotions on to the market - a sure way to lose your money.
Let's first dispel the myth of prediction.
No one knows what the market will do next - no one can predict exactly what the market will do, not even the experts. The FOREX is such a vast market that many areas will have an impact on price movement. 
Experience, knowledge and time analyizing chart patterns, progressing your FOREX Education and FOREX Learning will enable you to react in a profitable way to price action. Price movement has only 3 directions up, down and sideways and you must have a strategy to trade what you see.
Experience, knowledge and time analyizing chart patterns, progressing your FOREX Education and FOREX Learning will enable you to react in a profitable way to price action. Price movement has only 3 directions up, down and sideways and you must have a strategy to trade what you see.
Those who trade by what they 'think' will happen will only lose. The most successful traders remain completely detached and unemotional about price movement and when entering/exiting a position. They will constantly ask themselves what action they will take if price moves up, down or remains in a sideways channel.
To Learn Forex in more depth and to progress your Forex Education visit [http://www.trade-from-home.com]
Annabel Meade
Professional Race Driver and Forex Trader
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