What do you know about the Forex business? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Trade What You Know and Know What You Trade 4 replies

When do you know you ready to go from demo to real trading? 61 replies

Seven Big Things Professors Won’t Teach You (But You Should Know) 0 replies

What do you know about the Forex business?

  • #1
  • First Post: Jul 23, 2015 12:56pm Jul 23, 2015 12:56pm
I would like to share this article with you. It has some interesting thought provoking content, that will hopefully make you think about what you actually know about the business you are involved in. http://www.tradeforexmakemoney.co.uk...forex-trading/
Sow the seeds of knowledge, and watch them grow into success.
  • #2
  • Jul 23, 2015 2:28pm Jul 23, 2015 2:28pm
Quoting RobTaylor
I would like to share this article with you. It has some interesting thought provoking content, that will hopefully make you think about what you actually know about the business you are involved in. http://www.tradeforexmakemoney.co.uk...forex-trading/

Thanks, but I already know the answer (:

"Most traders fail to understand why the market moves as it does."

Easy to understand.
Axiom ==> The market moves in the direction that causes the greatest number of losses.

Of course, the market does not move by itself in search of "the greatest number of losses"
It's a self-feeding mechanism. The magic of the stop loss is a wonder to behold.

Corollary ==> Any price move is caused by traders losing

Just look for the losers (meaning: any price move), when traders have no more to lose, the market reverses... and the cycle repeats.
  • #3
  • Jul 30, 2015 4:33pm Jul 30, 2015 4:33pm
Better to stay on the side of the winners then Mingary.
Sow the seeds of knowledge, and watch them grow into success.
  • #4
  • Jul 31, 2015 12:31am Jul 31, 2015 12:31am
Quoting RobTaylor
Better to stay on the side of the winners then Mingary.
Indeed..
  • #5
  • Last Post: Jul 31, 2015 3:54am Jul 31, 2015 3:54am
Quoting RobTaylor
I would like to share this article with you. It has some interesting thought provoking content, that will hopefully make you think about what you actually know about the business you are involved in. http://www.tradeforexmakemoney.co.uk...forex-trading/
Wow,you have the same name as my grandfather...what an amazing coincidence.This could really be the final solution in my FX journey, at last a teacher with a connection to my family name,can this be the holy grail I've been searching for?????
0 traders viewing now