you have the basic ideas but i believe that if just give you the answers i wont be doing you any favors.
but lets just further dig into some points that you brought up in your answers.
research:
1 foreign exchange market/ foreign exchange market structure
2 the role of the central banks in a free floating exchange economy
3 Modern Monetary theory
4 austrian economics and the difference between a gold standard economy and a fiat money economy
by the way traders do not move the market, especially not retail traders.
learn who the participants are and who the interbank clients are.
you mentioned the USD is the reserve currency correct? how can you take advantage of that fact? have you ever traded by correlations of the 6 pairs?
when the 6 majors are not in sync then how can you exploit this?
what is the impact of the majors on the crosses? remember crosses are made of usd/x vs usd/y = x/y except for eur/jpy it is actually quoted with euro as the base.
how does your broker process your trade? research how he quotes you and his tricks.
price shading, slippage, re quotes.
your way of explaining how candle sticks work is not exactly accurate, research candle sticks.
kiddo i want you to UNDERSTAND THE MARKET. Not just place trades, based on all these indicators and lines you have in your head.
please research these terms
volatility
risk
risk assesment
VAR
ROI
learn to calculate your GMMA and compare it with an SMA evaluate if it serves your purpose.
momentum
range
carrying capacity
velocity
acceleration
if you are using a MACD please tell me how its calculated by hand.
i really hope you understand that the market is unpredictable but not random, and composed of buy/sell orders, no one can predict price, unless you are a psychic.
imagine this, you dont have computer access, or access to your platform.
WHAT INFORMATION WOULD YOU NEED TO TRADE?
if all historical data was erased today, and you were only able to see oncoming data how would you be able to trade profitably?
it is possible.
as i told you before, THE CHART, THE LINES, ALL THE MOMBO JUMBO is NOT THE MARKET.
the bid/ask quote IS THE MARKET. everything else is a derivative and measures the movement of the quotes. There are no time frames, there is only price. The market does not see any squiggly lines.
the market never changes yet it changes constantly
the market cannot be predicted yet you can anticipate it.
its a big conundrum, and it is how you COPE that makes you a great trader
but lets just further dig into some points that you brought up in your answers.
research:
1 foreign exchange market/ foreign exchange market structure
2 the role of the central banks in a free floating exchange economy
3 Modern Monetary theory
4 austrian economics and the difference between a gold standard economy and a fiat money economy
by the way traders do not move the market, especially not retail traders.
learn who the participants are and who the interbank clients are.
you mentioned the USD is the reserve currency correct? how can you take advantage of that fact? have you ever traded by correlations of the 6 pairs?
when the 6 majors are not in sync then how can you exploit this?
what is the impact of the majors on the crosses? remember crosses are made of usd/x vs usd/y = x/y except for eur/jpy it is actually quoted with euro as the base.
how does your broker process your trade? research how he quotes you and his tricks.
price shading, slippage, re quotes.
your way of explaining how candle sticks work is not exactly accurate, research candle sticks.
kiddo i want you to UNDERSTAND THE MARKET. Not just place trades, based on all these indicators and lines you have in your head.
please research these terms
volatility
risk
risk assesment
VAR
ROI
learn to calculate your GMMA and compare it with an SMA evaluate if it serves your purpose.
momentum
range
carrying capacity
velocity
acceleration
if you are using a MACD please tell me how its calculated by hand.
i really hope you understand that the market is unpredictable but not random, and composed of buy/sell orders, no one can predict price, unless you are a psychic.
imagine this, you dont have computer access, or access to your platform.
WHAT INFORMATION WOULD YOU NEED TO TRADE?
if all historical data was erased today, and you were only able to see oncoming data how would you be able to trade profitably?
it is possible.
as i told you before, THE CHART, THE LINES, ALL THE MOMBO JUMBO is NOT THE MARKET.
the bid/ask quote IS THE MARKET. everything else is a derivative and measures the movement of the quotes. There are no time frames, there is only price. The market does not see any squiggly lines.
the market never changes yet it changes constantly
the market cannot be predicted yet you can anticipate it.
its a big conundrum, and it is how you COPE that makes you a great trader
AVT INVENIAM VIAM AVT FACIAM