I have been trading forex for only a few years. Six, to be exact. But already the forex market knows me like one knows an intimate friend. I have studied the forex market, and read around it. But still it knows the direction my every trade is going to take, and even how far each trade is going to go. The market knows exactly where my stop-losses are, and hits them without fail. It also knows where my take-profit is, and stops just a few pips short before turning back. It knows that when it turns, I will follow it. As soon as I do that, the market stops and turns again. And heads for my stop loss. I have paid attention to the fundamentals. I have checked chart history and I have checked the forecasts. I have listened to, and watched, the news. I listen when Mario Draghi speaks. I listened when Ben Bernanke spoke and now I listen when John Bellows speaks. I follow developments in Greece. But still the market gets me into a spin. If the news is right, the market has already factored that in. So it fails to move as I expect. If the news is a surprise, the market gets spooked and runs in a direction opposite to my trade. If it is a rumour then the market pauses, and turns. And, yes you…
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