Christian_K
Recruit
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- 5
Hello, im Christian K,
i have recently started trading Forex again, after loosing everything in January 2010 (first Greek issues with financing appeared - No Stop-Loss accidentally placed in trade, went back from work -> all gone :-( ).
Before i started trading in End 2009, i read much much much about Forex, understanding the basics how the market moves. But i found out that everyone is telling something different after all. Everyone seems to have their explanation for themselfes how the market works
And personally i really think that the basic free-market principles of "supply and demand" don't apply to the forex market somehow.
Honestly, for me the Forex market looks like a basic "line" (the chart of a certain currency pair) which moves mostly driven from economic situations, indexes and economic news. And if you bet into the right direction and the market moves into that direction you won, if it moves into the opposite direction you loose.
People were explaining to me the following things (which very confusing me and often resulting in false entries/exits from myself in this market):
1. whenever you won some pips, someone else must have lost them.
2. even others were telling me that whenever a "candle" moves into one direction, someone or multiple ones made bets into the opposite direction.
(They justified that by stating that when they are going for instance "long" with very high LOT (obove 40-50LOT), they instantly see the chart reaction, which will be going multiple pips short almost immediately.
But somehow i can't believe these statements, given the fact that very large players (banks, institues) are also trading on this market and they don't want to loose anything.)
3. Index like the Dow-Jones, Dax and other driving the Forex market aswell.
Let me give you an example:
- We take EURUSD as example for this. Let's say there is a very heavy-impact economic news coming out, for instance stating that Euro-Zone is in deep deep deep trouble. Basically every serious Forex Trader - and especially the large institues like banks, etc - will consider this and expect the EURUSD chart dropping some very large amounts of pips.
And yes, like expected, eventually the market dropped a few hundred pips.
Now, seriously you can't in all honestly tell me that there were really some idiots out there going long on EURUSD, and their wrong actions (must be huuuuge amounts of Lot's) made the EURUSD chart to drop?!
So please, take some time and explaining me the truth and nothing but the truth how this market works and please also take my example and the "3" claims that i've read and posted above into consideration.
Thank you, best Regards, Christian K
i have recently started trading Forex again, after loosing everything in January 2010 (first Greek issues with financing appeared - No Stop-Loss accidentally placed in trade, went back from work -> all gone :-( ).
Before i started trading in End 2009, i read much much much about Forex, understanding the basics how the market moves. But i found out that everyone is telling something different after all. Everyone seems to have their explanation for themselfes how the market works
And personally i really think that the basic free-market principles of "supply and demand" don't apply to the forex market somehow.
Honestly, for me the Forex market looks like a basic "line" (the chart of a certain currency pair) which moves mostly driven from economic situations, indexes and economic news. And if you bet into the right direction and the market moves into that direction you won, if it moves into the opposite direction you loose.
People were explaining to me the following things (which very confusing me and often resulting in false entries/exits from myself in this market):
1. whenever you won some pips, someone else must have lost them.
2. even others were telling me that whenever a "candle" moves into one direction, someone or multiple ones made bets into the opposite direction.
(They justified that by stating that when they are going for instance "long" with very high LOT (obove 40-50LOT), they instantly see the chart reaction, which will be going multiple pips short almost immediately.
But somehow i can't believe these statements, given the fact that very large players (banks, institues) are also trading on this market and they don't want to loose anything.)
3. Index like the Dow-Jones, Dax and other driving the Forex market aswell.
Let me give you an example:
- We take EURUSD as example for this. Let's say there is a very heavy-impact economic news coming out, for instance stating that Euro-Zone is in deep deep deep trouble. Basically every serious Forex Trader - and especially the large institues like banks, etc - will consider this and expect the EURUSD chart dropping some very large amounts of pips.
And yes, like expected, eventually the market dropped a few hundred pips.
Now, seriously you can't in all honestly tell me that there were really some idiots out there going long on EURUSD, and their wrong actions (must be huuuuge amounts of Lot's) made the EURUSD chart to drop?!
So please, take some time and explaining me the truth and nothing but the truth how this market works and please also take my example and the "3" claims that i've read and posted above into consideration.
Thank you, best Regards, Christian K
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