I trade stocks. My main methodology is based on simple supply and demand principles. Recently I opened a demo account to see if the forex market was anything like the stock market. I am so disgusted by what I see. It's like these prices don't follow any rules at all. How does anyone gain an edge in markets like this. It seems there are barely any concentrations of probability to play. Supply and demand are nonexistant. What am I missing here? Does the forex market have a concentric relationship with fundamentals? Or is the fact that prices seem to slide with ease past support/resistance areas due to the possiblity that the forex market is littered with momentum junkies? Where are the amateurs? I can't look at price and find the traders who don't know what they are doing like I can in the stock market. As I write I am reminded of the saying," If you can't find the amateur in the price action; you are the amateur." Any thoughts?
Comments
I am not trying to be offensive, but I have been trading the Forex for two years with ease.....it's all based on technicals. If you can't see support or resistance, zoom out a time frame or two - it's there.
1. So which 'side' of supply & Demand do you use in stocks? and how? Can you draw a 'diagram' of how it all works? or are you just using the 'chart based' lines? Do you know what a supply 'chain' looks like, hence, how to anticipate/lead supply and demand?
2. If you KNOW supply chain and how it affects stock trading, (I mean REALLY, not just the canned lines they give you) THEN you will find it in Forex. It is called the world economic conditions and happenings. They feed the 'world' currency market the same way that 'events' and conditions feed a company's supply chain.
3. If you really want to get that edge, which is how the 'big and consistent winners' sustain success, we can help you learn it. If you just want a new 'line' or indicator to see, we'll have to suggest waste your money somewhere else.
4. So, when you traded stocks: were you overall successful and sustainable for over 18 months?
5. So, the respondents, same question for them.
Any and all of the markets, throughout the world, operate on supply and demand; supply chain. When you really want to get with and win with the big guys, that's where your studies go...not to the technical 'indicators. Without knowing where things are headed and why, you'll never know which indicator to pick. There is rhyme and reason, but you have to really study and work to find it.
Sorry to butt in, but have much knowledge, background, success and effort into helping y'all find solutions, not scams.
Shar