Friday January 26, 2018 - 11:26:03 GMT
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How to Level the Forex Playing Field
One reason the deck is stacked against the average retail trader may not be intentional but is effective in putting the odds against you as I will explain. It is the nature of electronic trading where prices are constantly flashing in front of your eyes that can lure you into thinking a currency, for example, is too high or low. This can lead to placing a trade that should otherwise not be put on.
One way to avoid this is to slow down the market. I liken it to American football, when a rookie turns professional and the game is a lot faster paced than when he was in college. The hurdle is to slow down the pace of the game in his eyes so he can see what is unfolding on the field more clearly.
It is not that different from trading where looking at the price changes makes it a faster game to interpret while creating a structure on your charts slows it down so you can see the picture more clearly. This is one way to even the playing field and not get sucked into thinking a currency is too high or low without supporting evidence to back it up.
How to Level the Playing Field
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