Not in trading. Sure, technical indicators can be subjective, but not price action. Markets go up and down, and there are usually reasons for each, though traders can trick themselves into believing the most convoluted theories for why markets trade in a certain direction. Traders do come with a certain set of ideas when they trade.

The key is to dissect those ideas to see if they are based more on a natural bias one way or another, or they are based strictly on the facts No offense to the female traders out there-whom are often better analysts than male traders since they display less tendency to let their egos interfere with objectivity though emotions are another story , but traders need to think ahead to stay ahead. This means trading like a chess player and anticipating possible and probable outcomes, and assigning risk to them. Traders also need to followup to the nth degree, and do their homework, even when other traders or the market seems to point in one direction.

The way a trader differentiates him or herself is not only by winning over the long term, but how they approach the task.

Becoming an Accomplished Trader

Traders whom rest on the laurels will often find they lose in the long term, or at the very least, miss opportunities. Sometimes there is a match, but many times what one sees on the charts, is not what one believes to be true. This does not negate the stance of a trader whom firmly believes in his trades or setups. It only means that traders need to find a set of signals and indicators that they trust When combined with risk management, the odds definitely favor this type of trader. The real test of real traders. Traders whom can pivot-a true sign of objectivity-are the ones whom will be in the game the longest.

Considerations when defining trading goals

They will likely be the most profitable over time too. Those traders whom have something to prove, or are unable to get out of a loser, will be sidelined at some point, often with busted accounts. The problem with this way of signal formulation is that you cannot test it properly, even when the analyst uses some objective and testable method of analysis. It is definitely possible to pair subjective and objective methods of analysis or output.

The Forex: Participants and Objectives

That is what I am doing with my occasional chart pattern posts — they are based on subjective analysis I do not know how to properly formalize my methods of choosing the chart patterns but produce objective directions for trading, which I execute with a fully automated expert advisor. So, if my analytical method proves wrong for how much a subjective method can be proven wrong , I will at least know that the reason is not in some poor interpretation of signals.

And how about your methods? View Results.

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Objective vs. Subjective Forex Trading

Up to USD. EarnForex Blog. Subscribe to Our Feed! Forex Brokers Update — March 30th, Investors purchase assets as a way of saving for the future.

Anytime an asset is purchased, the purchaser is forgoing current consumption for future consumption. To make such a transaction worthwhile the investors hope sometimes expect to have more money for future consumption than the amount they give up in the present. Thus investors would like to have as high a rate of return on their investments as possible. The rate of return is calculated as. The rate of return is. This means that the rate of return on a domestic interest-bearing account is merely the interest rate.

Jeopardy Questions. As in the popular television game show, you are given an answer to a question and you must respond with the question.

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International Investors, Banks, Arbitrageurs, and Others Most of the daily currencies transactions are made by investors. Investment Objectives Investors generally have three broad concerns when an investment is made. The second primary concern of investors is the riskiness of the assets. Generally, the greater the expected rate of return, the greater the risk. Invest in an oil wildcat endeavor and you might get a 1, percent return on your investment—that is, if you strike oil.