Forex Trading Price Action - How and Why Prices Really Move and Make Big Profi

[Marco Thompson]

You may think the answer is obvious but its not if it was 95% of forex
traders wouldn't lose their money. Most trades simply have no idea how
and why prices move -if you do you can become a winner at forex
trading.
Let's start with a simple equation which causes forex price action:
Fundamentals (Supply and Demand) =Human Perception of Them = Price
Now that might seem simple - but most traders don't understand its
significance or its true meaning and make these assumptions that see
them lose:
- You can day trade markets - You can predict price action- Forex
markets move to a scientific theory- You can trade the fundamentals
and win
If believe any of the above you are going to lose lets look at why,
how to avoid the traps and get a forex trading strategy for profits.
- You can Day Trade and Win
No you can't - it's obvious that with millions of humans looking at
the facts you cannot judge what this vast mass will do in a few hours
- all short term volatility is random.
- You Can Predict Price Action
Prediction is another word for hoping and guessing and that won't get
you far in life let alone forex trading.
- Forex markets move To a Scientific Theory
This really leads on from the above and there is no scientific formula
- if there were we would all know the price in advance and there would
be no market!
- You Can Trade The Fundamentals and Win
It's not the fundamentals that are important its how there perceived
that determines the price. We all have the same facts to look at but
all draw different conclusions from what we see. So just looking at
the fundamentals on there own is a losing game.
The Best Forex Trading Strategy to Win!
The best way to win at forex trading is simply to forget predicting
and trying to follow the forex fundamentals and follow forex charts.
Why?
The reasons are simple and compelling:
- We all know the news in a split second so all technical analysis
does is assume that fundamentals will quickly show up in price action
so you don't need to worry about them. Your real aim is to see how
investors perceive them and this is shown clearly on the chart, no
hoping or guessing, you act on the reality of what you see.
- Human psychology may not be predictable with human accuracy - but it
is constant. This means that it repeats itself and this can be seen in
high odds chart set ups which can be traded for profit.
You are not bothered about how prices move or why, you just want to
profit when they do.
On a forex chart, you are seeing the reality of price change and can
execute your trading signal based upon what you see.
With a bit of practice, you will soon be spotting and locking into
long term trends and if you have learned the right forex education,
you could soon be making big forex profits in around 30 minutes a day.
Perhaps no other business offers you so much profit potential for the
time you put in, if you have the right mindset and practice your art,
you could soon be piling up some big FX profits providing you know and
can act on forex trading price action.

Top Traders NEVER Try to Predict the Market - They Only Manage Risk -
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