If you want to be successful in the Forex market, you need to know what moves markets and the Delphi Scalper. This will help you to get a jump on trades before other traders and thus have a higher profit amount at the end of the month. This might sound simple, but it is actually a tough process. It is impossible to predict currency market movement accurately 100 percent of the time. But the more you learn and practice, the better you will become at it.
Major national banks and institutional investors are the biggest market movers. While there are millions of individuals trading their own money out there, the amounts they trade are deemed inconsequential when compared to the billions traded daily by these larger organizations. Keeping up with how these institutions are trading will give you a clue of where to put your own money. If the major banks are moving away from holding the dollar, perhaps this is a sign that you should too.
Look for news reports that concern the major market movers. Having news reports and knowing how they will affect the market can put you in a prime position for the anticipation of the currency in question’s next move. What’s more, if you plan carefully, you can have your trade automatically executed and ended, allowing you to just sit back and watch the profits come in. GDP reports and minutes from national bank meetings can give you this information. You just need to interpret it for your own profit.