Everyone in this financial market looking to make profits and they work very hard to succeed and make a living out of it, but only few of them succeed. There are rise and fall in every trader’s life and practice is the only way to learn skills and keep a record of facts that are repeatedly manipulated.
But wait ! does really we see repeatedly moves in forex market or any other financial market and those support and resistance, indicators, trendlines and fibos really work in forex market. My answer is ‘no’! Reason being simple as we are trained to visualize only those things which are used to trap.
Believe me or not as big movers don’t have any charts and they simply throw signals on chart to institutions to trap traders and do stop hunting.
Truth of Forex market is bitter than experienced
Its been 9 years of struggle for me till I found articles that really helped me lot and consistent help for 1 and half years, totally change the way I approach the forex market.
Interestingly, in the meanwhile search through tons of blogs that sells crap resources and still make millions and they dont bother what happens to traders using that material.
I myself used them a lot but directional bias was my big problem and even though I had good cherry pick trades once in a while and excitement to trade the same patterns was another reason for me falling for same trap but you will be shock to know that they still keeps the traders interested by couple of move favoring their lgging techniques but in the long run, they hardly let any easy money off the tables for retail traders.