I made a conscious decision to do away with the supply/demand mantra that is so popular at forex factory. Many have taken supply/demand concepts and capitalized on them in the commercial section and are making large amounts of $$$ selling derivatives of supply/demand concepts. Redword11 IMHO opinion remains the one and true guru of this type of trading and he never sold a thing to anyone. Reading his thread "Price is Everything" IMHO is all that one needs. Yet reading it and understanding it takes time and commitment as he does not spend too much time explaining things.
Many websites "readthemarket", "acegazette" and other's have capitalized on Redsword's concepts and are making a lot of money selling "education" to newbie traders through advertising on their websites and purchases of their education methods. I suspect few are really making money. I would love to be proven wrong but few are willing to post profit statements. However, creating a trade explorer or an "myfxbook" account would suffice.
Just a warning to those getting sucked in to the supply/demand frenzy. Be careful and learn and understand it yourself. Be safe!
Many websites "readthemarket", "acegazette" and other's have capitalized on Redsword's concepts and are making a lot of money selling "education" to newbie traders through advertising on their websites and purchases of their education methods. I suspect few are really making money. I would love to be proven wrong but few are willing to post profit statements. However, creating a trade explorer or an "myfxbook" account would suffice.
Just a warning to those getting sucked in to the supply/demand frenzy. Be careful and learn and understand it yourself. Be safe!
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