Forex Trading comes with lots of perks. But to get those benefits one needs to devote a lot of time and effort for analysing the market. Scanning various charts and mixing them up with a plethora of indicators is what most traders do to get the right combination of their strategies. When one looks at the online market, they may come across numerous Forex training systems for aiding new traders in learning this art properly. One such system which immediately comes to mind is Magic Forex Intuition.
What is this system all about?
Getting all or most of the ticks right when analysing the market is fundamental to proficient trading! Whether it is about currency exchange rates or price movements upwards or downwards from the starting line to the closing bar, traders need to have clear cut knowledge about every element. Magic Forex Intuition is one such learning system where traders can practice each of these tasks and better themselves.
It gives traders the option to guess price movement; if it reaches a particular number of points from the starting line - say for instance 60 points. The trick is guessing the right trend, and if one does it wrong, then an unpleasant noise will come about. This will make you aware that your guess was not quite accurate.
Some more insights:
Moreover, Forex Intuition also allows traders to select a particular currency pair and the Take Profit and Stop loss figures. Those who have made use of this system opine that logic is not the only scenario and along with that you need to apply a little bit of common sense to it as well.
To do that, you need to calculate, formulate and forecast the price action on the basis of your trading charts and the variables which showcase upon them. Then as you are done with all your calculations and evaluations, simply input the figure which deems appropriate as per your viewpoints.
Yes, it may sound a bit complex at first, but what this system tries to instil within a traders mind is following their instincts. That too in many ways is a fruitful way to know the existing market trend, particularly when the market is going way overboard regarding volatility.
Even the best say - knowledge about the market and gendering at trade charts and its variables can sometimes not work. In those instances, one needs to rely on their observation and go ahead with what their intuition states to be the upcoming market trend.
Features of this software:
• This system functions with all popular currency pairing; namely – EUR/USD, AUD/USD, GBP/USD, NZD/USD, USD/CHF, USD/CHF and all other widespread trading pairs.
• Charts appear in the form of bar presentations, candlestick or line displays.
• Colour scheme of these charts is completely customizable.
• Offers the versatility of function in vivid lingual.
• The convenience of setting various Take Profit and Stop Loss.
Magic Forex Intuition is surely a definite try out for traders learning the art of currency transaction. Reviews state it to also have positive impacts upon numerous traders till date.
You can give it a try and if all fails you can always fall back to the best in the market - MT4.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.