QuoteDislikedI don't know to quote multiple times
wrap everything you want to quote inside these brackets [quote^] [/quote^] *but remove the "^"
QuoteDislikedIf you're a smat and knowledgeable business, you'd know about hedge funds before investing in a foreign markets to avoid have to risk your profits being affected by exchange rates. What a headache having to deal with after working so much for those profits. So maybe there're recless businesses like that but I don't think they're that many
i'm not talking about using forex as profit center like sales or as a hedge fund would. i'm talking about reading the market and attempting to mitigate small losses by being proactive instead of always letting the market happen to you. this is not theory, companies do this every day in the real world with materials and currencies. sometimes they use derivatives or options instead of directly holding inventory. but it is effectively the same.
QuoteDislikedThere's no herd mentality on Forex market so there won't be any meaningful trends or S/R levels.
if you don't believe S/R levels are real it only means you haven't studied the charts enough. That does not mean that you know what will happen at these levels, but S/R levels are 1000% an indication of interest and activity at a given price range. if you're creative enough you can use that to your advantage. S/R only means large entities like price and that they have remaining orders at that price. it's real phenomena. you'd best figure it out lol
Same thing about trends, you haven't looked at the charts hard enough. Economic forces cause entities all over the globe to desire one currency over another. these forces create trends that can last for weeks/months/years.
QuoteDislikedYes forex charts do have a lot of info on WHAT HAD HAPPENED. Not useful so much though for speculation hence so many lose so much
i know that price will go down at some point in the future. again, you have to reorganize the way you are internalizing you thoughts on speculation and what the charts are telling you. the charts/price give you actionable data, maybe not definitive predictive data, but it is actionable.
i really think you have to adjust your thought process.
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