About Tzerom forex services & Goals

Tzerom forex

is about the intersection of fundamentals, sentiment, and tech-
nical analysis in the currency markets. It was created to help  people who are
interested in gaining an edge in forex trading. In particular, for traders
who are beginning to test the waters in currency trading, it provides guid-
ance on how to integrate fundamental knowledge to better assess price
action.

For the more experienced trader who has focused mainly on tech-
nical analysis, our objective is to supplement technical analysis trading
with insights into which fundamental forces are impacting price move-
ments. Tzerom Forex aims to assist traders to develop and apply a fundamen-
tal and sentiment mind-set to trading currency markets.

Let us think back to just before the year 2000. That was the era of dedi-
cated phone lines and green screen monitors at brokerage firms. Markets
were slow. As a result, the prevailing strategy was “buy and hold.” In this
era, traders were at the mercy of their brokers. Information was in asym-
metrical pockets of knowledge. Then the rise of computers and the inter-
net destroyed the old order and changed the world of trading.

Today information is now everywhere and mostly free. But the data flow is often
unreliable and mixed with rumors and hyperbole. Yet trading execution
is lightning fast and as a result markets move equally fast in reaction.
In today’s fast-paced globalized world of information, integrating fun-
damental analysis with technical analysis is more important than ever
before.

The digital era has made trading at the same time easier, as data
acquisition and trading can be done anywhere, from the beaches of
Miami, to the streets of Mumbai. Smart devices enable instant trading.
Yet, trading is also more complicated because markets are more complex
than ever before, and more volatile as news acts as information shocks
and cascades quickly through cross market asset classes.

John Netto, a leading trader states:
Globalization has created a swath of financial news sources, social media
outlets, and inexpensive research available on the internet.

This information has created a new balance, changing global macro investing from a long-term strategy focused on large thematic bets to being woven in the
day-to-day price action of every asset class at every price level. The markets
eat, breathe, and run on global macro themes.

The interconnectivity of
the world has melded global macro investing philosophies into all other
investment philosophies to the point they are inseparable.1 In the age of the internet, trading experience presents many challenges to
traders and one is reminded of the ancient saying in the Book of
Ecclesiastes that “there is no wisdom without pain.”

Currency traders experience several pain points in their journey into
trading. The first is selecting the wrong pair to trade. A second pain point
is putting on a trade in the wrong direction. Having targets that are based
on belief rather than on evidence is a very important third pain point.
Finally, after achieving a profitable trade, many traders get out too early.
These pain points are very much the result of a false dichotomy that pos-
tulates there is a difference between fundamental and technical analysis,
or that all one needs is technical analysis to trade currency markets.


Tzerom Forex's  goal  is also to provide forex traders with what they need
to know to reduce the time it takes to become good enough at forex train-
ing to treat it as a profession. Malcom Gladwell famously referred to
10,000 hours as the amount of time necessary to become an expert. In
chess, Garry Kasparov has referenced 10,000 patterns or 50,000 positions.
For forex traders, Tzerom Forex trading fundamentals and sentiment patterns will hopefully build the skills for successful trading in far less time.

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What is forex??

Forex stands for foreign exchange, which is
exchanging one currency for another.
 It is the largest financial market in the world.
 Compared to the $74 billion day trading on the
New York exchange, the forex market has an
enormous day trade of 5.5 trillion Dollars.
 When trading Forex, You buy and sell currency
 Assuming you are America visiting Japan, you
have traded the Dollar for the Yen.
 Buying a currency is like buying a share in a
country, The price of the currency, is a direct
reflection of what the markets think of the future
health of that economy.

Support and resistance

Support and Resistance levels represent key price levels where
the forces of supply and demand meet.
 In the forex market, the prices are driven by supply and
demand.
 If there is an oversupply, prices will go down
 If there is a demand, price will go up.
Support & Resistance

#NB: Demand is synonymous with Bulls (buyers) and supply is
synonymous with Bears(sellers).

About Me

Giyani, Limpopo, South Africa

Technical Analysis

Technical analysis is based on chart interpretation. Technical traders are looking for the charts to show very clear setups. Once a setup appears, the trader is then able  to precisely determine the entry, stop loss, and take profit prices.  This is the biggest practical difference between the two styles: fundamental trading is more free flowing; technical trading is more accurate and specific.

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