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9/22
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I bet you are wondering what has the trading to do with poker and the African savannah, draw your own conclusions after reading the article. This article is written for beginners and professionals in markets with technical analysis basics and know the rules of poker. You can find a similarity between trading and poker, which more than a card game, is a game of people. It could be written thousand of pages about trading and poker, but is not my intention to dwell on deeper technical aspects which would be boring, in this way I will focus future articles on topics such as money management. This time, the aim is to understand that we can integrate a basic poker strategy which works in our trading. Moreover, I will confess the technical pattern which has proven to me to be more efficient in my experience in trading, I will develop "The trap pattern".
Speculation in financial markets is not suitable for all psychological profiles, speculation is hard and wild, it is very dangerous to get into markets with intent of winning immediately. Imagine a gazelle approaching a pride of lions who are resting in the shade of a tree, with the intention of fighting and winning. Could it achieve it? T…
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Korol avatar
Korol 21 Nov.

Yes, and trade in the Forex market and the poker game and hunting require approximately the same quality: especially strong nerves, strict adherence to the plan of the course well, a bit of luck)))
Excellent article)))

DominguezV avatar
DominguezV 21 Nov.

WallStreet6 in the following article will talk about money management.

Direct avatar
Direct 25 Nov.

Funny comparison. The main thing that the lion did not get from bulls and bears :)
A good article.

Convallium avatar
Convallium 30 Nov.

excellent article!

WallStreet6 avatar

If 90% of the little fish in the pond react in a certain, predictable way, then the big fish (market makers, investment banks) can influence their behaviour easily. Btw- you're late with your money management article- I already zeroed my traders contest account.

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32/47
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This new idea of a market (or bazaar, or exchange, or any other name it might go by) seems great to everyone. Everybody leaves the meeting and spends the rest of the week preparing for the big Saturday ahead of them. The sun rises Saturday morning and the town square is full of excited participants and the air is filled with the buzz of buying and selling. Many of these people will be doing plenty of both since they need to sell their items for florps and then buy the things they need with those florps. (I know, I know. Just stick with me here) Aaron Applegrower is eager as his first customer approaches and sees his basket full of apples. Of course, the first question is, “How much do you charge for an apple?” Again, remember that there’s no magical force dictating price: The power of pricing is in the hands of the two parties who are trying to exchange something. Up until this day, Aaron has always traded with Frank at the rate of 2 florps for 1 apple. That still seems reasonable enough and so that’s the price he quotes to this new customer, who is happy to pay that price. He only needs 1 apple for now, so he hands over 2 florps and gets his 1 apple. Aaron is the seller, this ne…
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Atashi_Tada avatar

I like your funny charts :)

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12/47
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Why does the price of anything change? Forget the fancy things we trade like currencies, stocks, or commodity futures, but why does anything change in price? In fact, back up one more step: Why does anything even have a price to begin with? If you haven't taken time to devote yourself to learning this topic, you're leaving a giant hole in your knowledge base. It means that you're currently attempting to make a profit from the change in price of something without even knowing why its price is changing. It will take some time to help explain this concept from the ground up, but it will be well worth your patience. To start, I'm going to take you back in time. It's a time where there are no computers, no phones, no communication devices of any kind. If you need to interact with somebody, you'll have to meet them face-to-face. Because of this, any exchange of goods or services (food, clothing, house cleaning, anything) has to be done directly from one individual to another and that has to happen in person.During this time, there are no such things as stocks, bonds, options, equities, or futures, and the only currency is called a “florp”. Florps are a universal currency used by everybod…
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LittleFishy avatar

Thanks for the support, guys! Part 2 will be out by Monday next week at the latest :)

LittleFishy avatar

And part 2 is up :)
http://www.dukascopy.com/fxcomm/fx-article-contest/?Market-Structure-Why-Other-People&action=read&id=1438

LittleFishy avatar

True, this is aimed to help build the important basic concepts, so it might be nothing new to someone who is already very knowledgeable. I will be leading this into how to use all of this information in a modern, fast-paced market, though. It just takes some time and needs to be broken up properly and introduced step-by-step.

Hopefully it was still a good read, though! :)

Belikewater avatar

Nice pics!.+1 If you comment on my trader cotest profile, I will aprecciate! http://www.dukascopy.com/tradercontest/?action=blog&trader=Belikewater

Atashi_Tada avatar

i love this article, well done!!

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22/108
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Hello traders! Near five years experience allows me to formulate the 13 proposals, on which should be based effective speculation on any financial market. Of course everyone can say that he/she disagrees. I have my knowledge and I think this is the essence of trade. Feel free to read and polemics. 1st Nobody is bigger than the market. There is simply no, remember this. A samurai will not attack the hundred-thousandth army. Likewise, we, individual traders, we will not speculate against the banks, funds, investors with large capital. We have only to join them early enough to not become those who buy back their big positions and run at a loss. Therefore, a general rule what is most important for us is: do not go to war with the market. That's what you should look at the market. Well unless you want to still be in 95% who losing. 2nd Learn to be in the minority. This is an important skill. You can not submit to pressure from the crowd that in 90 to 95% lose. How do I? I just trust my method and do not pay attention to analysts, other traders (with the exception of the most experienced). Does this mean that you have to play against the trend, because thi…
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adask avatar
adask 17 Oct.

Respect! Great things to read for anyone trading Forex! Couldn't agree more to almost all rules.

bdheeman avatar
bdheeman 23 Oct.

Too long, repetitive, too many rules to remember; many a books, websites and, or blogs already have similar content and, or articles, but bothered to simplify or reduce the rules to just 4 or 5, that's why most or 95% of the traders fail.

Insider avatar
Insider 31 Oct.

fajno

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10/108
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Introduction: beliefs and Definitions Speculation Hello Guys, I'm a big fan of markets and speculation. The markets are fantastic and wonderful. Markets are a unique social phenomenon. Specular means to investigate, watch and meditate. The speculator is one who meditate, reflect, investigate, investigate, study and contemplate. As traders and speculators are convinced and encouraged to look inside our hearts, peer into our psyche, inspect the graphs, evaluate and reflect on the news and macroeconomic data. Money Traders must have a pure and honest relationship with money.The money for the trader is never the goal or purpose. Money is the justification for the trade. The money is only the measure of wealth we've created. Money is not our goal. We must work as a trader in the markets to forge genuine and real wealth for the community. Many traders compare the market to a jungle. the jungle where the lion has to wake up every morning and run faster than a gazelle. when the lion is not fast enough. the lion does not eat. This is not trading. Boys passionately and fervently tell you this is not trading.  The correct view is: we are speculators. We are men and women who meditate, reflect…
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LinnuxFX avatar
LinnuxFX 4 Oct.

Good article, very pro, but not easy to understand, good luck...

FL_Goldman avatar

@LinnuxFX In the next article I will explain more. I am always available for your questions. Have a nice day

Livornese avatar

Like the structure of your trading approach!

MasterFreak avatar

Nice one..+1 for you ^^

ritesh avatar
ritesh 11 Oct.

This is a professional approach to trading the markets as a serious business. I hope I'm able to digest the vast knowledge you've shared in this article before I get to see more from you. +1

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