Forex Currency Exchange
I wish a beautiful day to all participants of a big currency exchange office!
I have written several articles in 2012 and when I am reading them nowadays I am smiling. Of course, nowadays is everything different… But as I want to start a blog to which I occassionally write something helpful I will start with what I have written a long time ago…
OK, let´s continue futher… Today I will maybe bother the newcomers a little, but everyone has to get through this! I do warn you ahead that it will be series of articles which will gradually be completing pieces of puzzle and I strongly believe that this puzzle will help someone in the end… Let´s start!
Once upon a time… just kidding… Those several thousands or dozens of thousands hours of studying and looking onto graphs have learnt me one thing… It is needed to look at forex complexly and today, at the age when absolutely everything is being kept afload only by central banks, it is in my opinion almost inevitable. The bulls are earning, the bears are earning, but the sheeps? They go always straight to a slaughterhouse! Markets are growing and falling, people are coming and leaving. Someone withstands, the other gives it in, one earns and the other not…
It is generally known that the most will loose and will feed the others! At market is generally the rule that the price is growing when I am buying given instrument and capital on buyers´ side is bigger. OK, basic theorem. Everybody knows it! Fact that the most of young people is on the side with lower capital and therefore, they go against the market is another thing. However, it is also commonly accessible information and everyone who is here a bit longer will find out! This does not work at forex totally literally! Why? Because there is being met liquidity from entire financial market at forex. It is not necessary to have a direct purchase of given currency pair in order to it grows… Actions, commodities, obligations are being purchased and sold and it is being reflected at forex as well. It does not matter that at EURUSD is EMA200 when someone big is buying actions by which he/she moves EURUSD up too.
Also newcomber has already heard something about correlation, but essential is to know why something correlates together this way or the other way! You have to see inside… Let´s connect central banks to this which are pouring liquidity from each side and we have a decent hodgepodge. There predominates HFT at M1 which are pretending that they are adding annother liquidity and they are removing stops from each side. However, when something big happens, they run away from the market and leave it in problems! There affects totally different impluses on D1 market than one would think and market creators don´t care which indicator is where crossing…
There will be always found a correct analysis for each situation which has happened at the market after some time because there is endless amount of forex strategies and ways how to look at the market! And I have built a very decent business on this! Seminars and books… Everything is history… The market is being changed and if something works, it will inevitably stop working after period of time because the bigs can see it! Fact that someone´s system is working at the moment does not mean it will continue working in the future! However, this is not an issue! If the trader is skilled, he/she will adapt. If he/she notices too late, it will destroy him/her and he will never come back…
Newcomers are litteraly swallowing everything what is accessible and they are building based on it! Yes, all information which you learn from different sources are needed to trader´s progress. But they will not get you to the profitable point. Because everything what is being taught is already history and the market always needs scapegoats in order to it can work… If you want to be long-term successful, you will need something more! Something what is not so easily accessible… In my opinion, it is a complex view at the market, flexibility and MM (it does not mean to have such or such SL!). It is definitely not a strict adherence of a particular input and output based on something… This something can tomorrow change with no issue. If trader does not have sufficient skills or general overview and he is unable to adapt, it will destroy him/her and he/she will leave defeated! Many successful traders have experienced this. Somebody survives, somebody not…
I would bet all my property on a statement that in last 3 months stopped working many systems and forex strategies! Somebody will think it is drawdown and it will destroy him/her! Other one will adapt and will go on… Everything, but totally everything is purely about skills. And that is why I want to contribute and to show something from my own kitchen via series of articles. Something I think is workable and uses the forex´s advantage which the most of people overlook because of huge amount of information.
Jump to forex about 10 steps forward!
