User Name: Password:      Register - Lost password?

Forex News Blog
Back to The Headlines
Monday April 5, 2021 - 15:33:06 GMT -

Share This Story:
| | Email

Words of Wisdom by a Global-View Member

This post from a long time and highly respected Global-View member caught my attention, As a reullt, I thought it would be a good idea to share it with you. Scroll down below the post to see my added comments.

haifa ac 06:36 GMT March 27, 2021
Let's Celebrate!!Reply   
I am a Wyckoff trader. My mentor was David Weis. I wrote two books on the subject (one on Point and Figure). Wyckoff has not worked in recent years because his basic tenet is that the role of THE MARKET is to provide a HEDGING mechanism to allow business and risk takers to shell some of that risk on the public. I do not think he took into account Zero interest rates environment for such a long time.Sticking to Wyckoff in recent years cost me a lot of money because I could not adjust my basic thinking.
Bottom line is that in the end you never trade against the market but only against yourself and your own weaknesses. The reason it takes so many years to become a good and consistent trader is that it is a long, tedious and tiresome Chautauqua to learn to know all your weaknesses. Nothing works in the market all the time and to have the mental freedom to adjust to "new" market modus operendi requires mental agility and lack of EGO that many traders cannot achieve.
Another important point about trading is that the world of electronic trading and the availability of data to so many people who never before had access to it--is rather young (New York Burse opened around 1880 --Jesse Liveremore era) and trying to turn technical analysis into "science" in such a short time is a very arrogant and stupid way to think you can master the vast world of finance. (think of the development of science from ancient Persians to Einstein--took thousands of yars!!) You do not hear today about Denis'es turtles, or Prechter Elliott waves. Market Wizards do not exist and as Ed Seykota said--"good traders do not TALK-- they trade."
. .
So, as the market matures and more historical evidence is being collected---you realize that the epigram: " I worked very hard to find the KEY to the market until I found it and then the S.O.Bs changed the lock on me"-- is a sad truism.
. .
Again-- you only trade against your own weaknesses---try to discover and face them as soon as you can..

Those who have followed my posts over the years know I am very transparent, more of a trader than a marketer. However, after reading AC’s post on the forex forum I almost feel compelled to mention the only program I have seen in my many years of trading that has stood the test of time. If you haven’t guessed by now it is The Amazing Trader and the strategies that go along with it. The reason is that it can be used in all market conditions, which sets it aside from any other system or strategy or program I have seen.  There is an old saying, You can only lead a horse to water but you can’t make it drink so decide for yourself.

Sign up for the Amazing Trader 

Sign up for the AT Strategy Guide  (includes 2 months Amazing Trader access)

Jay Meisler, co-founder and creator of The Amazing Trader

[email protected]



Forex Trading News

Forex Research

Daily Forex Market News
Forex news reports can be found on the forex research headlines page below. Here you will find real-time forex market news reports provided by respected contributors of currency trading information. Daily forex market news, weekly forex research and monthly forex news features can be found here.

Forex News
Real-time forex market news reports and features providing other currency trading information can be accessed by clicking on any of the headlines below. At the top of the forex blog page you will find the latest forex trading information. Scroll down the page if you are looking for less recent currency trading information. Scroll to the bottom of fx blog headlines and click on the link for past reports on forex. Currency world news reports from previous years can be found on the left sidebar under "FX Archives."

Actionable trading levels delivered LIVE to YOUR charts

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 27 May 2019
AAGB/US- Holiday
Tue 28 May 2019
A 14:00 US- Consumer Confidence
C 13:00 US- Case-Shiller
Wed 29 May 2019
A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
A 12:30 US- Weekly Jobless
Fri 31 Mar 2019
AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan

Global-View Affiliate Program

We are starting an affiliate program to market some of our products.

Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.

Put the word "affiliate" in the email subject line.

Contact us

Start trading with forex broker Markets Cube


Retail Forex Brokerage Changing!

Are you looking for your first broker or do you need of a new one? There are more critical things to consider than you might have thought.

We were trading long before there were online brokers. Global-View has been directly involved with the industry since its infancy. We've seen everything and are up-to-data with recent regulatory changes.

Our Best Brokers listing section includes:Forex Broker Reviews, Forex Broker Directory, Forex Broker Comparisons and advice on How to Choose a Forex Broker

If would like guidance, advice, or have any concerns at all ASK US. We are here to help you.

SEE Our Best Brokers List

Currency Trading Tools

  • Live rates, currency news, fx charts. 

  • Research reports and currency forecasts.

  • Foreign Exchange database and history.

  • Weekly economic calendar.

Directory of  Forex trading tools

Terms of Use    Disclaimer    Privacy Policy    Contact    Site Map

Forex Forum
Forex Trading Forum
Forex Forum + forex rates
Forex Forum Archives
Forex Forum RSS
Free Registration

Trading Forums
Currency Forum Guide
Forum Directory
Political Forum
Forex Brokers
Compare Forex Brokers
Forex Broker News
Forex Broker Hotline

Forex Trading Tools
Currency Trading Tools
Forex Database
FX Chart Points
Risk/Carry Trade Chart Points
Economic Calendar
Quicklinks to Economic Data
Currency Futures Swaps
Fibonacci Calculator
Currency Futures Calculator

Forex Education
Forex Learning Center
FX Trading Basics Course
Forex Trading Course
Forex Trading Handbook

Forex Analysis
Forex Forecasts
Interest Rate Forecasts
Central Bank Forecasts

FX Charts and Quotes
Live FX Rates
Live Global Market Quotes
Live Forex Charts
US Dollar Index Chart
Global Chart Gallery
Daily Market Tracker
Forex News
Forex Blog
Forex News
Forex Blog Archives
Forex News RSS
Forex Services
The Amazing Trader
Forex Opportunities
Forex Affiliates
Forex CopyTrading
GVI Forex