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Abstract:It's challenging to trade the foreign exchange industry for novice and layman traders with consistency in this industry.Being able to look at the market, they don't understand there's so much volume, and you're talking a 5 trillion dollar industry a day. We don't need to look at all different types of technical analysis.The biggest problem is for a new trader getting overwhelmed understanding and learning the foreign exchange market.
It's challenging to trade the foreign exchange industry for novice and layman traders with consistency in this industry.
Being able to look at the market, they don't understand there's so much volume, and you're talking a 5 trillion dollar industry a day.
We don't need to look at all different types of technical analysis.
The biggest problem is for a new trader getting overwhelmed understanding and learning the foreign exchange market.
By representing the market differently, I came up with bank one and bank two concepts. Bank 1 goes up when you are buying and bank two selling.
Understanding commitments that replace the trend in modern technical analysis, these are commitments, my whole objective was to figure out where the responsibility would start to place or take a position.
I'm sitting watching the market on my computer while I'm piggybacking, the largest transactions in the world. Because when you take on that mindset and do it with repetition, you thought manifest that into existence.
You don't look at the foreign exchange market, neither being a speculator, retail trader, or commitment trader. I created this way of trading, this infrastructure, this Model, and this concept. To represent the modern foreign exchange markets.
And it does an excellent job of that. Because I've taken over the years and I perfected it. You got your different phases, test phase, usually before the commitment starts. You've reached your commitment levels,central-bank involvement, the rejection points, got your commitment range, and the continuation phase. These boils down into a perspective that a brand-new trader can understand.
We have replaced candlesticks and bars with liquidity gauges that have liquidity force being the body of the indicator. The market consists of millions and millions of traders, such as Speculators, retail traders, institutional traders, hedge funds, money managers, CTAs, and particular interest traders all over the world. We get a clear understanding of the market by taken a circle and dividing it half, calling one-half bank one and the other half bank two.
What did this eliminate in my mind? That there are better traders out there than me. Because I was not looking at the market anymore and asking my self if this is a zero-sum game? And how is it against me? But when you take on this mindset that there's somebody better than me out there. I got on the wrong side of the Trade most of the time.
It happened to me, for years and years, I would sit down at my computer in my office and go through the same thing. I would see a candlestick pattern or candlestick formation that was close textbook according to my manual, or a price action trading course it something different you start saying to yourself what the heck is it doing?
The question is, why did I understand what it was doing? Because I discovered that there are a lot of different environments that it can go through this foreign-exchange market has a lot of different moods and does a lot of other things the biggest problem was I needed to figure out how to isolate that.
[About The Author]
Without a shoe-string, he stumbles into trading. Twaine is passionate about forex exchange markets and has been trading since 2003. Self-taught, describes the forex exchange market as a roller coaster ride.
He has achieved proficiency in the implementation of successful marketing and financial strategies. Since 2003, he is working on developing forex trading strategies through various elements, such as an algorithm, programming, AI and machine learning, Nero network, and reinforcement learning, etc.
Other than forex trading, Twaine has worked in different fields like construction engineer, Journeyman Boilermaker. He has acquired many qualifications like associates degree in Legal, NLP certified practitioner hypothesis, and certified coach, which promotes him to be a multi-facet.
In October 1998, he held the authority of mandates representation by the mandated authority. Represented a certified trader on his behalf, including but not limited to the screening of any documents and correspondence as pertains to the initiation of various business ventures as certified trader shall be involved with IE investments.
WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.
It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:
Facebook:
USA Area:https://www.facebook.com/WikiFX.US/
UK Area:https://www.facebook.com/Wikifx.UK/
Nigeria Area:https://www.facebook.com/WikiFX.ng
Twitter:https://twitter.com/WikiFX_Eng
More details about how to download WikiFX App:
Please download WikiFX APP from links below or scan QR code :
App Store: https://apps.apple.com/us/app/fxeye/id1402501387?l=zh&ls=1
Googleplay: https://play.google.com/store/apps/details?id=com.foreigncurrency.internationalfxeye
If you have any questions, please feel free to contact us at wikifx@wikifx.com
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With 24-hour real-time update of forex market data by minute, you can seize the opportunity of every bullish market! Bookmark the link below and follow the market trends immediately!
UK Area:https://live.wikifx.com/uk_en/7x24.html
USA Area:https://live.wikifx.com/us_en/7x24.html
Nigeria Area:https://live.wikifx.com/ng_en/7x24.html
Wiki Forum Forum Function:
In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.
The exposure function of “WikiFX Forum” includes the following features:
1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)
As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:
2: Block low score brokers from entering the forum
3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;
4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.
WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html
Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html
Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.