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rozklad jazdy ztm warszawa



Do you think adaptation to the realities of the market is the most important thing?Many times in the past I’ve written about the need to adapt, the need to be able to change your behavior relative to the market because the markets are ever changing rozklad jazdy ztm warszawa. I’ve stated that mechanical systems may be workable, but for only a short time relative to the life of markets rozklad jazdy ztm warszawa. You must learn to trade what you see and to understand what you see on a chart rozklad jazdy ztm warszawa. When I first began trading there was no such things as futures contracts for foreign currencies rozklad jazdy ztm warszawa. Why didn’t they exist? Because there was no need for them! In the 1970’s all that changed when the US dollar went off the gold standard and began to float against other currencies rozklad jazdy ztm warszawa. Following that, the Chicago Mercantile Exchange began to create currency futures to provide a place where currency traders could hedge the risks associated with dealing in foreign currencies rozklad jazdy ztm warszawa. Some of these risks are direct and some are indirect rozklad jazdy ztm warszawa. Direct risk is involved for those who deal directly in foreign exchange rozklad jazdy ztm warszawa. Indirect risk involves companies who export or import and receive payments or make payments in the currency of another country rozklad jazdy ztm warszawa. Ever since currency futures were created, they have been in a state of flux rozklad jazdy ztm warszawa. More recently, for purposes of futures trading, currency gyrations have centered on a massive move away from currency futures to more direct trading in the forex markets rozklad jazdy ztm warszawa. Currency futures, while maintaining their volume and open interest figures, are actually less liquid than they had been previously rozklad jazdy ztm warszawa. Volume and open interest do not reveal the picture of what is happening in the currency futures pits rozklad jazdy ztm warszawa. Volume and open interest levels are being maintained by fewer and fewer futures traders rozklad jazdy ztm warszawa. In the period from 1992 to the present, we’ve witnessed currency futures moving from “red-hot” to “cool” and now hot again insofar as speculators are concerned rozklad jazdy ztm warszawa. Foreign exchange, which in 1992 was one of the hottest plays, first turned dull and then back again to exciting rozklad jazdy ztm warszawa. That this has happened can be seen in areas of which most futures traders are ignorant rozklad jazdy ztm warszawa. Five years ago foreign currency traders were being paid huge salaries and anyone with a track record could virtually name his price rozklad jazdy ztm warszawa. Following that, currency traders were no longer in great demand rozklad jazdy ztm warszawa. Now, again, there is a huge demand for successful currency traders rozklad jazdy ztm warszawa. Currency futures are but a small representation of the $1 rozklad jazdy ztm warszawa. 5 trillion dollar foreign exchange market rozklad jazdy ztm warszawa. Professional currency traders use forex, forwarding contracts, derivatives of all kinds, and the futures pits, to deploy their various trading and hedging strategies rozklad jazdy ztm warszawa. Looking at only the futures is like the blind man trying to tell what an elephant is like by feeling only the tusks rozklad jazdy ztm warszawa. In past years, foreign exchange desks at banks, insurance companies, brokers, and other institutions were seen closing down and firing hundreds of employees rozklad jazdy ztm warszawa. Today, they are again looking for currency traders rozklad jazdy ztm warszawa. In the 1990s, Midland Bank closed its foreign New York office laying off dozens of people rozklad jazdy ztm warszawa. Frankfurt Bank had pulled out of New York and Tokyo closed down its foreign exchange desk rozklad jazdy ztm warszawa. At that time, the world’s largest foreign exchange trader was Citicorp rozklad jazdy ztm warszawa. In the D-Mark alone, they shrank from 39 traders working at 17 different locations around the world to 4 D-Mark traders all working in one room rozklad jazdy ztm warszawa. Keep in mind that these were traders who had been to a greater or lesser extent using the currency futures rozklad jazdy ztm warszawa. The result at that time was that there were fewer big fluctuations in the currency futures than there once were and therefore much less profit rozklad jazdy ztm warszawa. However, today, just the opposite is happening rozklad jazdy ztm warszawa. Central banks are presently making much greater interventions in the currency markets rozklad jazdy ztm warszawa. They have stopped publishing targeted exchange rates rozklad jazdy ztm warszawa. Such action by the central banks leaves currency speculators at a loss for what to do, and the result has been a huge surge in forex trading rozklad jazdy ztm warszawa. Because today forex brokers abound and are actively marketing the idea of currency speculation, it is having a profound effect on the foreign exchange planning of individuals, companies, and nations rozklad jazdy ztm warszawa. If some day the major currencies would be the US dollar, the J-Yen and the euro, who would need thousands of traders to trade them? There would be far fewer currency misalignments to provide a basis for trading rozklad jazdy ztm warszawa. But that is not the way the world is moving rozklad jazdy ztm warszawa. The picture I just presented ignores the rise of China as a major economic force on the world scene rozklad jazdy ztm warszawa. Almost certainly, the Chinese currency will become a major trading vehicle rozklad jazdy ztm warszawa. The same is true for other emerging countries rozklad jazdy ztm warszawa. Some of them will no doubt have important currencies from the point of view of world trade rozklad jazdy ztm warszawa. But will these currencies be traded in the futures markets or in forex?The changes in just this one area – currency trading – are an example of how things rapidly change and point out the need for traders to adapt rozklad jazdy ztm warszawa. There have of course, been many other changes in recent years rozklad jazdy ztm warszawa. The advent of all-electronic markets has produced markets of a completely different kind rozklad jazdy ztm warszawa. Computers have brought about the ability to trade in various time frames rozklad jazdy ztm warszawa. New exchanges have created new markets and new contracts – so many, in fact, that it is difficult to know exactly where to direct ones trading efforts rozklad jazdy ztm warszawa. It is now possible to trade virtually around the clock rozklad jazdy ztm warszawa. It seems that somewhere, some market is trading rozklad jazdy ztm warszawa. All the best in your trading,Joe Ross Trading Educators IncJoe Ross has been trading for more than 47 years, and is a well known Master Trader rozklad jazdy ztm warszawa. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits rozklad jazdy ztm warszawa. Joe is the creator of the Ross hook, and has set new standards for low-risk trading with his concept of The Law of Charts™ rozklad jazdy ztm warszawa. Joe was a private trader for most of his life rozklad jazdy ztm warszawa. In the mid 80's he shift his focus and decided to share his knowledge rozklad jazdy ztm warszawa. After his recovery, he founded Trading Educators in 1988 to teach aspiring traders how to make profits using his trading approach rozklad jazdy ztm warszawa. He has written 12 major books on trading rozklad jazdy ztm warszawa. All of them have become classics and have been translated into many different languages rozklad jazdy ztm warszawa. Joe holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles rozklad jazdy ztm warszawa. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, VA rozklad jazdy ztm warszawa. Joe still tutors, teaches, writes, and trades regularly rozklad jazdy ztm warszawa. Joe is still an active and integral part of Trading Educators rozklad jazdy ztm warszawa.


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