Trader Quote #23Posted: November 14, 2012
Trader Quote #23
“An Object at rest tends to stay at rest & an object in motion tends to stay in motion until acted upon by a greater force” Isaac Newton
==== From one of the greatest minds! This quote is exactly what the market movements show us. A trend in the currency or virtually any market will tend to continue and stay in motion until acted upon by a greater force.
Many traders find this easy to read but difficult (or impossible) to trade. The historic price action of markets give us many important lessons and clues. A trend is your friend is the old ‘cliche’ saying, but its your best friend!
Have you heard the saying ‘buy low, sell high’ its so so vague. Don’t waste your time looking for ‘what you think’ is the low or the top of the market. Please just don’t waste your time on that,
Following this law of Newton, buy when there is strength and sell when there is weakness. There is much more to this but its a great start.
Good luck in your trading and look for that ‘greater force’ that will put you in the right direction. Dimitri Feria ====