Overall Beans

Are you Good to Go?


Jul.20.2013

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So, how does it look for you overall? How much money are you eligible to invest in the forex market? Which currency pair should you choose for your trade today? Should you go short or long? Where should you set your stop and your limit? After you’ve conducted the technical, fundamental, sentiment, and capital analysis, you should review them all before you actually place your trade. This one should be easy. It is just a recap of all the previous detailed analysis from different points of view.

If all four types of analysis point in the same direction (for example, sell EUR/USD, buy AUD/USD, or something else with a specific stop and limit), you should be good to go. Oh, and one more thing. I usually rely on my gut feeling before I actually place the trade. Sometimes, even if the first four points of the Invest Diva Diamond analysis are aligned and confident, something deep down in my stomach prevents me from placing the order, and guess what? It often turns out that I was better off not placing that trade!

Call it women’s intuition, the law of attraction, God’s guidance, or anything you want. But it won’t be enjoyable if you place a trade that goes against your gut feeling. I’m not encouraging you to be a scaredy-cat and not trust your analysis. It’s just like deciding on whom to marry, to tell you the truth. You finally meet the perfect guy. His profile and his résumé are all good. Everything matches with all the points you have been adding to your “My Ideal Husband” list. You are ready to say yes and walk down the aisle. Even your family is supportive of him. But suddenly, there’s this gut feeling that makes you faint during your wedding planning meeting with your wedding planner, as in many of those Hollywood movies that we love. And you know what? Don’t be surprised if you feel like a Hollywood star every time your gut feeling prevents you from placing what looks like the perfect trade. Women’s intuition often outperforms men’s logic!

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