Someone asked me why the EUR/USD took a 200 pip drop during the New York Session. Here are some of my thoughts on the situation. The sizable risk aversion in the marketplace did not occur until around 7 AM EST. Then eventually stocks started dropping more quickly than before. There were rumours that the French …
More random market questions answered. You do not need a PhD in economics to understand economics impact or global macro impact on currency markets. Typically the people who have stayed involved in academia for an extended period of time usually have accumulated many weird beliefs and false beliefs about how the currency markets and other …
Here is one market questions that I have picked out or found on various forums or the Internet and will answer for you. This is a good question as it talks about the economic – trading/financial market link. It goes right to the concept of order flow and liquidity. This individual talks about how the …
One reason why 95% of traders fail is that when beginning traders go to view the forex charts on various websites, they usually are loaded up with moving averages, technical indicators, etc. That is the standard, default and preset thinking of the forex websites. That’s mediocre thinking though. They assume that is what the average …
Some people consider order flow and liquidity to be the same thing. Now there are some similarities. But the differences are even more pronounced. Deep thinking about the differences between order flow and liquidity can help you develop the order flow mindset, find the inefficiencies and take advantage of them. Asking the best trading questions …
It is important to have a trading methodology, a system that can experience growth and potential as you gain more experience. You don’t want your trading progress, or trading potential “capped” because of a poor choice of trading systems or methodology. Human beings and the human mind is built to grow, learn and expand. When …
I was recently asked a question regarding how I handle sleep while trading the forex market. The forex market is open for 24 hours, 5.5 days per week. And so it is a good question to ask how you handle all the news and information flow. The question that was asked was: There are a …
Someone asked me why I was bashing some of the technical indicator strategies. I told him I don’t believe in them. There isn’t anything wrong with them. I just don’t believe they generate order flow and move the market. There isn’t anything wrong or evil about other forex trading strategies. There are all sorts of …
Bloomberg usually does a pretty good job of reporting on the market sentiment and what is moving the markets. But every so often they do like to throw in a few technical analysis articles for any readers out there who enjoy those. There is a Bloomberg article on their currency page which talks about the …
A lot of people ask this question – why do EMA crossover systems not work? Or why should EMA crossover systems work? What edge if any do they provide? It is a very important question for the trader which is stuck in the beginner trader cycle to answer. The ambitious trader going through the journey …