Have you ever said the following?
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The market knows if I'm long or short.
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The market knows where my stop is.
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The market knows when I enter and reverses.
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The market knows my maximum pain point.
Yes, to all of them. Right?
But instead of feeling sapped of confidence and maybe saying:
*@#$%! What sort of loser am I?"
Guess who else says it?
Answer: Everyone
Really? Yes!
Well then. Phew! That's right. Phew!
Because you now realise:
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You're not tainted.
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You're not broken.
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There's nothing wrong with you.
And if it's not you... There's light at the end of the tunnel. Make sense?
And it's the most empowering realisation you'll ever encounter in trading. Tell you why in a minute:
A twisted irony
You know pokie machines feature sophisticated programming preying on human behaviour. And while for some, it's an addictive path to ruin; you also know you'll never fall for such devious ploys. Agree?
Now imagine you've never placed a trade.
And someone says the market will lure you into:
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Entering at precisely the wrong moment.
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Placing your stop at the exact bottom/top of the market.
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Reaching for your maximum pain point so you exit.
You'd say:
"No way! "That'll never happen to me."
But wait...
You now know differently.
So as twisted as it might seem:
It takes firsthand experience to appreciate the counter-intuitive and predatory nature of markets.
And the same goes for the traders who've gone on to achieve mind-boggling success.
Take Michael Marcus, who turned $1400 into $80 million over his trading career. Only after experiencing several traumatic account blowouts did he accept this reality - turning to external mentorship (Ed Seykota) to gain the insider knowledge instrumental in building his phenomenal career.
And I use the word 'insider' because it's not widely understood. You won't find it via a Google search, for example. Agree?
But the good news is it's available via the proper channels. Whether that's:
1. Applying for an internship at a professional trading firm, or
2. Seeking a professional trading curriculum built on professional trading firm expertise.
For example:
Can you see the first 6 expertise fields in a professional trading curriculum (available to independent traders) below cover how the market lures traders into actingwithout knowing it's happening?
Why's it important?
If you've been trading markets for any reasonable period, you've worked out there are two distinct groups of people in the market.
Group one:
• Market makers, proprietary trading firms, hedge funds.
Goup two:
• the majority including => had some success but it didn't last - still need to reach consistency - not making money.
And instinctively, you've concluded that the money flows from group 2 to group 1 with palpable regularity. Agree?
So wouldn't you love to know how that mouse trap works? Of course! Because knowing how it works is equivalent to owning the goose that lays the golden egg. Make sense?
Hence why it's important.
And guess what? When you narrow down external training/guidance/mentoring to including must-have 'insider' expertise; you'll find options limited making your decision an easy one.
Forex and derivatives trading is a highly competitive and often extremely fast-paced environment. It only rewards individuals who attain the required level of skill and expertise to compete. Past performance is not indicative of future results. There is a substantial risk of loss to unskilled and inexperienced players. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent
Editors’ Picks
AUD/USD: Further losses retarget the 200-day SMA
Further gains in the greenback and a bearish performance of the commodity complex bolstered the continuation of the selling pressure in AUD/USD, which this time revisited three-day lows near 0.6560.
EUR/USD: Further weakness remains on the cards
EUR/USD added to Tuesday’s pullback and retested the 1.0730 region on the back of the persistent recovery in the Greenback, always against the backdrop of the resurgence of the Fed-ECB monetary policy divergence.
Gold flirts with $2,320 as USD demand losses steam
Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.
Bitcoin price dips to $61K range, encourages buying spree among BTC fish, dolphins and sharks
Bitcoin (BTC) price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade. In this shakeout moment, data shows that large holders are using the correction to buy up BTC.
Navigating the future of precious metals
In a recent episode of the Vancouver Resource Investment Conference podcast, hosted by Jesse Day, guests Stefan Gleason and JP Cortez shared their expert analysis on the dynamics of the gold and silver markets and discussed legislative efforts to promote these metals as sound money in the United States.
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