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

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What do you know about the Forex business?

  • #1
  • First Post: Jul 23, 2015 10:56am Jul 23, 2015 10:56am
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 12:28pm Jul 23, 2015 12:28pm
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 2:33pm Jul 30, 2015 2:33pm
Better to stay on the side of the winners then Mingary.
Sow the seeds of knowledge, and watch them grow into success.
  • #4
  • Jul 30, 2015 10:31pm Jul 30, 2015 10:31pm
Quoting RobTaylor
Better to stay on the side of the winners then Mingary.
Indeed..
  • #5
  • Last Post: Jul 31, 2015 1:54am Jul 31, 2015 1:54am
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?????
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