Monday, April 23, 2012

I managed to attend 1 out of 2 course on commodities last week. Failed to turn up on Saturday due to work commitment, but managed to go on Sunday.

So, here are the summary from the course I attended. He (The Trainer) said/claimed
1. 80-85% of your success laid on what you do/study during off trading hour. Write what you see. Determine the trend during off-hour.
2. 14% - by your technical analysis during trading hour. Trade what you had plan (on item no.1). If you study and found the trend is UPTREND, then you should only try to find an opportunity/ entry for LONG only. vice versa for SHORT.
3. 1% is for fundamental analysis. because PRICE DISCOUNT EVERYTHING.....I think what he said is logic. Before a news break, every party who read the news first had go into the market and put their position.....

understand? attend the seminar yourself to get better picture...shall be continue...

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