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Has the forex market ever heard of supply and demand?

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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?
Submitter: hisnames8k hisnames8k (Ideas, comments)
Categories: Forex, Stocks
  1. 1 Buy, 1 Sell rate down rate up
    I am sorry but that saying also came into my mind while reading your statement. What on earth would give you the notion that supply and demand are non-existent? Did it ever occur to you that that is the only basis for price movement? Where is the edge?!?! The ONLY true edge any trader has is in cutting his losses and letting his winners run. The price will only follow the single rule it can... Fulfill orders. And how the hell do you suppose to SEE the traders who don't know what they are doing, because you will simultaneously see those who DO know taking their money. By the way, there are craploads of amateurs in FX markets.
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