A lot of folks are searching
for logics when they study fundamentals in Forex or any other financial market.
And they fail. Fundamental news and price action rarely have common logics. You
might have the most promising data and the market will still continue to fall
and vice versa, you can have the most disappointing data and the market will
continue rising. What to do in these kind of situations? You stop following
your logics and try to understand market logics.
Well, there isn’t much
logics in that expect that markets run on expectations. That’s it! And do not
try to think otherwise, because you will fail. You’d better change your
mentality and try to understand where the market is headed by trying to figure
out market expectations. I have been disappointed a lot of times seeing how
market fundamentals and directions do not add up. There is a good article on
the topic by Kathleen Brooks on trade2win website. Read it to expand your
knowledge on the subject. Here
is the article.
Ok, there are just a few
days left till 2013. I will write at least one post before the event. Happy
Christmas season. Do not overtrade while waiting for the best opportunities.
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