Welcome to the ForexPairInsight! Before we dive into the intricacies of trading, let's take a moment to understand the "why" behind this journey, inspired by Simon Sinek's wisdom in his book "Start with Why."
In the world of trading, having a strong purpose is like having a compass guiding you through the markets's twists and turns, helping you stay focused and motivated. So, why am I creating this website?
Simply put, I want to share my insights on trading. Beyond treating stocks and currency as mere lines of code, I believe there's a deeper layer. The movements of stocks and currency are influenced by news, and the timing of trades. I see each currency or stock as having its own distinct personality, experiencing both good and bad times.
Sometimes, it revisits the zone or resistance, while at other times, it charts its own course without a second glance. Every stock and currency has its unique traits, with different resistance zones. To keep things manageable, I've narrowed my focus to two currencies: GBPJPY and USDCAD.
Even if you haven't traded these currencies before, don't worry. What I'm explaining here is more about understanding the personality of these currencies. The same principles can be apply to your favorite stock or currency. So, let's embark on this journey together, armed with knowledge and a shared understanding of the basics. Happy exploring!