Hi, you are Welcome!
I'm Alessandro, Italian (so sorry, sometimes I could make some grammar mistakes), 23 years old. I studied IT and since 2010 I have studied markets and I'm self-taught about them.
I'm here because I have a great skill, I always need to make me questions, I want to see all clear.
I started 3 years ago with forex, indicators, systems, and more.
Yeah I made some profits with but in the end i was never satisfied because i wanted to understand why markets move.
My research went through many arguments, and in the end, it went through the truth. Yeah this is my truth that could be different from yours.
What is the truth?
The truth is that markets are manipulated each day, each session (Asian, European, American).
Why markets are manipulated?
They are manipulated because there are subjects that are here to make real profits, and these subjects have enough money to move markets.
Who are they?
They are banks, smart money, market makers, institutionals.
Who are we?
We are retail traders.
It's not important who moves the market, it's important to understand how, when, why these subjects do what they do.
From now I will call them as banks.
We can start from what I said, banks are here to make profits.
Now you should ask yourself, how do banks make profits?
Banks make profits playing with us, with our emotions, our habits.
Banks know how we think, they know our weaknesses.
An important thing to remember is that humans need more than one confirmation to make a choice.
Make money on market is 80% psychological and 20% hard work to understand.
The 20% hard work is to understand the 80% psychology of retail traders.
Market is made of cycles, when someone is buying, someone is selling.
That is all for today, I want say that I'm not a professional trader, I'm 23 years old, self-taught.
During this thread I will post more theory and some charts, maybe all day, it depends on my free time.
Hope you will enjoy that, have a good weekend!
Alessandro
I'm Alessandro, Italian (so sorry, sometimes I could make some grammar mistakes), 23 years old. I studied IT and since 2010 I have studied markets and I'm self-taught about them.
I'm here because I have a great skill, I always need to make me questions, I want to see all clear.
I started 3 years ago with forex, indicators, systems, and more.
Yeah I made some profits with but in the end i was never satisfied because i wanted to understand why markets move.
My research went through many arguments, and in the end, it went through the truth. Yeah this is my truth that could be different from yours.
What is the truth?
The truth is that markets are manipulated each day, each session (Asian, European, American).
Why markets are manipulated?
They are manipulated because there are subjects that are here to make real profits, and these subjects have enough money to move markets.
Who are they?
They are banks, smart money, market makers, institutionals.
Who are we?
We are retail traders.
It's not important who moves the market, it's important to understand how, when, why these subjects do what they do.
From now I will call them as banks.
We can start from what I said, banks are here to make profits.
Now you should ask yourself, how do banks make profits?
Banks make profits playing with us, with our emotions, our habits.
Banks know how we think, they know our weaknesses.
An important thing to remember is that humans need more than one confirmation to make a choice.
Make money on market is 80% psychological and 20% hard work to understand.
The 20% hard work is to understand the 80% psychology of retail traders.
Market is made of cycles, when someone is buying, someone is selling.
That is all for today, I want say that I'm not a professional trader, I'm 23 years old, self-taught.
During this thread I will post more theory and some charts, maybe all day, it depends on my free time.
Hope you will enjoy that, have a good weekend!
Alessandro