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Forex Market Basic Truths

Written by Pip Wrangler | Leave a Comment
Topics: The Disciplined Forex Trader, Trading Tips

The basic truths help me to realize that the market has a life of its own and I can not control the market so I just need to learn how to work within the markets movements.

1. The market is always changing so anything can happen.

2. You don’t need to know what is going to happen next in order to make money. You just need to move with the flow of the market.

3. There is a random distribution between wins and losses for any given set of variables that define an advantage.

4. An advantage is nothing more than an indication of a higher probability of one thing happening over another.

5. Every moment in the market is different.

6. If you learn to bend with the flow of the market you are less likely to be broken.

May 6th, 2008
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