Being a trader, helps you view the world and many other things in life differently. You can view different things from the lens of controlling risk, reward risk ratio, etc.
But being an order flow trader causes you to view the world and other things in life very differently. For you know that many things in the markets and in life have to deal with order flow(transaction flow) and liquidity.
Someone once said:
The quality of your life is largely determined by the quality and quantity of the questions you ask yourself and others.
Most traders ask the wrong questions. There are thousands, tens of thousands of aspiring traders out there asking the wrong questions. They are going on forums asking about the next great technical indicator, or forex robot. They are loading up their charts with five or ten different technical indicators and wondering why they are failing. Other traders are asking whether they should use simple moving averages or exponential moving averages. They ask lousy questions and thus get lousy answers.
You need to ask the best possible questions to yourself and to others. Now there aren’t that many order flow traders out there, so sometimes finding the right person to ask the great question to can be tough. But OrderFlowForex.com should answer a large number of your questions.
Let’s say you had the opportunity to ask a very rich trader or hedge fund manager a few questions. What questions would you ask them? Would you ask them about whether they use a fast stochastic or slow stochastic? Would you ask them what is their favorite chart pattern? Would you ask them if they use MACD divergence in their trading? Would you ask them what is their favorite forex robot? Would you ask them about technical indicators? About Price Action? About Global Macro? What would you ask them? It is an interesting and great exercise.
Here is a list of some of the best trading questions you can ask yourself and others. Many of them are order flow related.
1. Who is taking the other side of your trade or transaction?
2. Why are they providing you liquidity?
3. Why is the price going to move?
4. Who is going to move the price?
5. Who is going to take the other side of your trade or transaction when you go to exit?
6. Why is someone going to provide liquidity to you when you exit your trade or investment?
7. What will be the bid ask spread/commission when you enter and when you exit any trade or investment?
These questions can be asked about the forex market, and in other markets as well. They can be asked in almost any situation, in any market, in any financial instrument.
For example the questions can be asked when you:
- Buy/Sell currencies, stocks, bonds, commodities, options, any type of financial instrument
- Buy/Sell real estate
- Buy/Sell artwork
- Buy/Sell diamonds
- Buy/Sell gold coins
- Buy/Sell sports cards
- Engage in transactions for both intangible and tangible assets
- Liquid, or illiquid assets/investments/trades
Now this usually works very well for when you trade or invest in assets/financial products for speculative purposes. But this can also work very well for other areas in life as well. When you start thinking about many areas in life with the order flow mindset, the liquidity considerations, inefficiencies, you open up a whole new world of analysis and opportunity, profit, and riches.
Ask those questions about many different trades/investments, and life decisions and you will be able to start seeing opportunities which were previously unknown to you. Now, I am not saying you should go ask those questions next time you go out and buy a coffee and a bagel. That would be moving towards paranoia.
But ask those questions about many things in life and see what you come up with.
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