I would like to explain something to the new traders who has no knowledge of what moves this market… People like Warren tries their best to analyze this market with fundamentals and news items, the way oil price moves, and the stock market is either up or down, and it continues on and on; but the bottom line is this:
The market belongs to the banks of the word….. They are the ones that started this market many, many years ago…. In fact, no outside person or institution could trade in this market for many, many years until one day they decided to let institutions and even individuals to trade in this market provided they had $100,000 US Dollars in deposit. Then, and only then, could you trade.
Eventually the banks open this market for anyone wishes to trade. But they also had complete control of movement at any given time and they do this by how much money they will drop in the market on trade….. Do not believe for one second that your little 10 cent entry or your 1 dollar entry had any impact what-so-ever in moving this market…. What most of do not understand that there is more than 2 Trillion US Dollars that filter through this market each and every day and it is that money that moves this market….. When ever a bank trades they do so by dropping billions of dollars on per trade…. That my friends, is what moves this market….
Don’t let anyone try to impress you with trash that has nothing to so with this market…. This is the monetary market and not the stocks, the futures, the OPEG, the S&P, or any other market that has no monetary values….. This is about money and currencies and nothing more….. New releases are to do with the economy of the world….. and once it is release it is the banks placing their entries and believe this: it has nothing to do with the numbers because the banks will move this market in any direction they desire…..
That is all I got to say and I know there will be a fundamental trader, or two, coming in and trying to bluff their way through this…. My suggestion is do some deep research on what I just said and then come to your own conclusion and not what someone else might say; including myself.
The market belongs to the banks of the word….. They are the ones that started this market many, many years ago…. In fact, no outside person or institution could trade in this market for many, many years until one day they decided to let institutions and even individuals to trade in this market provided they had $100,000 US Dollars in deposit. Then, and only then, could you trade.
Eventually the banks open this market for anyone wishes to trade. But they also had complete control of movement at any given time and they do this by how much money they will drop in the market on trade….. Do not believe for one second that your little 10 cent entry or your 1 dollar entry had any impact what-so-ever in moving this market…. What most of do not understand that there is more than 2 Trillion US Dollars that filter through this market each and every day and it is that money that moves this market….. When ever a bank trades they do so by dropping billions of dollars on per trade…. That my friends, is what moves this market….
Don’t let anyone try to impress you with trash that has nothing to so with this market…. This is the monetary market and not the stocks, the futures, the OPEG, the S&P, or any other market that has no monetary values….. This is about money and currencies and nothing more….. New releases are to do with the economy of the world….. and once it is release it is the banks placing their entries and believe this: it has nothing to do with the numbers because the banks will move this market in any direction they desire…..
That is all I got to say and I know there will be a fundamental trader, or two, coming in and trying to bluff their way through this…. My suggestion is do some deep research on what I just said and then come to your own conclusion and not what someone else might say; including myself.
The Dove - Forex Trainer