Trading in a place called ForexLand
The Rabbit hole of thinking and raising Trading awareness with Market savvy can be explained away in a wide range of intricate FX scenarios. Luckily though and just a short hop away are some interesting Forex facts along with a short punchy story to share. Which should not go beyond the scope of reasonable thinking for some FX folk. After all, other folk can and will make life and Foreign Exchange trading as technical and or as complicated as they like.
If you consider that trading in the most simplest of terms is the art of Buying and Selling. Then its not impossible to throw some absolute clarity on and shed light over what made the price rise or what made the price actually fall.
Again, and only in the simplest of terms, lend me your eyes and ears and let us uncover what is hidden in the pitch black darkness deep inside the Rabbit Hole; disguised in the rumour and lie, shared in news and data. Standby, lets reveal the mystery right now: The price went up because there were more buyers than sellers! and the price went down because there were more sellers than buyers!
The art of successful buying and selling or Trading has to be a learnt action and is not at all instinctive. Sadly, this is mainly due to the publicity of crowd noise.
Crowd noise comes about from 95% of all traders and experts who are actually losing, are incorrect or totally lost within the financial markets. Their noise ripples like a stone cast down on calm waters and travels through the whispering mouth and ears of space and time, across the internet, through advertising, promotions, books, word of mouth, as well as trading Forums and Forex Educational courses sent from Quack Leaders and the like. However, the FX losers are not necessarily all in the markets in the same time frame.
All successful Traders, the 5 percenters, know they have to go through their very own learning curve of which there are no short cuts. Fortunately, the good news is the curve leads to eventually attaining a natural cycle of being a consistently successful Trader.
Consistently successful Forex Trading is finding the profitable way forwards with a rhythm, using a time proven strategy and trading style which is never varied, flying in an identically pattern. Almost as if following the exact same arc and line at each junction or doorway. This must always be landed identically at virtually the exact same spot. Without this approach it would be impossible for anybody to navigate their capital in the markets, ending in funds being rolled like a dice with such a consistent navigational imperfection.
So, the following navigation can also be explained in the simplest of terms, referencing it as "A Place called ForexLand".
Imagine for a moment, a place called ForexLand. Where a trader has to hop from one place to another place by hitching a ride on a currency pair. The currency pair is the vehicle and so the trader jumps in and hitches a ride, for example, hoping to go South. If the vehicle is already headed South then the trader is going the right way. However, vehicles in Forex Land never travel in a straight line and rarely in one direction. In actual fact, all vehicles drive around Forex Land in a zig zag formation. If the vehicle stops or goes no where, the trader can simply get off. If the vehicle goes in the wrong direction altogether, then again the trader can get off and this time wait for another vehicle going in the correct direction. The correct direction is the way the trader wanted to travel in and was previously mapped out on their chart. This correct direction is also derived from the art of buying and selling which is further explained in the Greater Fool Theory in Trading Forex. That's all for now and hope it helps.
Happy New Year Forex Traders and Fellow Forexmospherians and Wishing you all another prosperous Trading Year too.
Sir Gissachance (PPND)