think the Banks know that too? This is precisely why traders so often say they feel like the market turns against them as soon as they enter. They know if most of the money is currently long or short the Euro. . Lets take the Euro for example. . Dealing Desk brokers made out like bandits. . Forex is a rigged game. Ill explain towards the end. A wry smile should have come across your face at this point, because you may be slowly starting to blockchain bitcoin and ethereum explained understand one gigantic thing here: We can really use this to our advantage. Many traders feel as if the market is just waiting for them to enter before it instantly turns the opposite direction.
Technical Analysis in Forex is key to beating this game. In the Forex market, do you know who ultimately makes price go up and down on a day-to-day basis? . If banks are primarily market makers then they will by default drive the market to and from areas of supply and demand which is the foundation in how we track them. This is No Nonsense Forex after all. .
Money is made by accumulating a long position they will later sell off at a higher price, or accumulating a short position they will later cover at a lower price. The unfortunate part about this is the fact coinwarz calculator bitcoin that this information is actually the most powerful thing the banks give us, but only if we open our eyes. Im referring to option #1, Reward everyone who went long, for example, with a nice profit. If theres a major price level.4500 on the GBP/USD for example, dont you think the Banks know that? . Knowing what you know now, what do you think happened? . Im going to over-simplify this process a lot here, but it really doesnt need to be any more complicated than this. Forex Brokers Know This Too Many Forex brokers are Dealing Desk brokers, meaning they make their money simply by automatically taking the other side as you. . The short-term manipulation of price tells us what position they have likely been accumulating, and thus, the direction they intend to drive the price. A stop run or false push beyond the high of an accumulation period likely means that smart money has been selling into the market, and a short-term trend in that direction is likely to start. 3 Steps To Success, in any market, there must be a counterparty to every transaction.