Masterforex-V World Academy Explains the Differences Between a Trader and An Analyst
According to the text definition of what a Forex analyst is, it defines it as a researcher who uses statistics and other financial indicators to determine the possible future direction of a certain market. But the funny thing is that most business me
Miami (I-Newswire) December 27, 2013 - According to the text definition of what a Forex analyst is, it defines it as a researcher who uses statistics and other financial indicators to determine the possible future direction of a certain market. But the funny thing is that most business media commentators claim to be experts in analyzing the markets and volunteer some pretty irrational predictions at times.
Some of these irresponsible actions have cause collapses like the one in the Ukrainian Hryvnia which has suffered ever since Aleksandr Okhrimenko forecasted this October that the Hryvnia will continue in a downtrend versus the U.S. dollar. We have analyzed the issue of trusting or not trusting these called analysts with the team at the Masterforex-V World Academy.
Some of the experts that the Academy has asked for their insights on the differences between a trader and an analyst are, Eugene Olkhovski from Toronto, Canada; Eugene Antipenko from Odessa, Ukraine; and Eugene Bobrov from Moscow, Russia.
The first question by the Masterforex-V World Academy to the experts was: Can you really be confident of the predictions from Forex analysts? The answer by Olkhovski was that you should trust only yourself and your own analysis if you are going to invest in the future. It does not matter in which market you are going to invest, if you are not sure of what you are doing, please seek the advice of a professional and do your own research to compare both sides of the coin.
Bobrov says that in the United States, Canada, and the European Union, there is the Institute of Experts and Financial Consultants. These people can give you clear recommendations on issues ranging from real estate to precious metals and many other financial markets. This service has a cost, though. You should be very cautious of what you hear on financial news casts or other media, especially in Russia where most beginning investors are losing their money because they have been following what someone else on TV is saying.
Antipenko says that in most cases the job of an analyst is to come up with the explanations of why something happened. For instance, after certain event, the analyst will come up with the reasons a certain support or resistance has been broken in the market. But rarely gives a forecast of something that may happen in the future.
On the other hand, the real job of a trader is to react to what the markets are telling us through different tools and platforms that we can use to our advantage. To list some of the main tasks of a trader, we can say that he or she should constantly assess the current condition of a financial instrument, compare it to historical data, and come to a conclusion of the most probable development.
Not everyone understands the concepts of probabilities and the big role that they play in our analysis as traders or investors. An interesting fact about traders is that a trader processes three times more information than an analyst; therefore, it is three times more prone to success in the financial markets.
Another interesting question by the staff at the Masterforex-V World Academy was that if it is true that traders find the term analyst as offensive to them? According to Antipenko, there is a notion among brokerage companies' floors that analysts are traders that could not make it successfully in the markets and are just working for the broker as a public relations specialist or writer just posting on forums.
Masterforex-V World Academy's (http://www.masterforex-v.com) staff continues by asking the experts their opinions on the analysis being done by colleagues in Moscow and Belorussia, can it be understandable? But Antipenko says that neither has he understood the analysis made by the aforementioned analysts. He then goes on into giving us some valuable advice on the possible direction of the Ruble, which in fact it turned out to be very accurate and on the spot.
We have come to the conclusion that it is of no surprise that the students of Antipenko have shown some really impressive results over the years. The way Antipenko teaches its students is to think out of the box and look at the markets from a different perspective. The charts should be used as a roadmap guiding you through the journey that the market is taking.
Olkhovski agrees that the mentality and psychology plays a big role in your success as a trader. One must look at the markets as a professional, with a professional's thinking and enthusiasm. The Academy also asked Mr. Olkhovski on his opinion about having professionals from other fields coming into the financial markets seeking for higher yields on their savings and his answer was that anyone that wishes to come into the Forex market or any other financial market should always first get the proper education and training.
The expert team at the Masterforex-V World Academy has also recommended the right training for those planning in becoming professional traders. The Academy, as many of you already know, has been dubbed Europe´s best online training project since 2009 thanks to the variety and efficiency of its educational programs provided to its members.
Published On:December 27, 2013
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
EMS Internet Reviews: A Look at the New After Effects CC
L'Oral SA to Revolutionise Digital Beauty Experiences Globally with Sitecores Experience Platform
Properties in Delhi and NCR - Living Full of Delight and Contentment
The Dark Horse at the South African Service Awards Is Purple
Religious Affiliation of Organizations - Does This Help Us to Forgive Their Misdemeanours?