Did you ever notice that when you go to Las Vegas the bookies set the odds and let YOU predict? Its the same in Fx trading. Fx pros like myself let the retail public pick the direction of a pair, set their stops, and then we fade them.
Why? Because they are wrong 80-90% of the time. This is called “Reactive Trading.” I developed it (while a member of the Chicago Board of Trade) and have been doing it for 25 years: so you can say the strategy has stood the test of time. Its quite easy but there are several techniques and you have to know them., Think about it. All retail traders take the same courses and read the same books. So you know what formations and technicals they are using and consequently where their stops are. So it follows that as the formations and technicals fail, retail stops are hit, and that’s when we get in.
If you are ready to make the transition from tea leaf reader to trader, let me know, and we’ll get you there. We’ll start trading together in a demo account and when you are seeing the numbers you like, only then will we go “live.”
Jeff Wecker CEO Global Fx Trading Group Former Member CBOT Offices in Chicago and London https://lnkd.in/emS5rCd
#theforexarmy #forexsigns #forexsignals #forexfamily #forexgroup #forexhelp #forexcourse #forextrade #forexdaily #forexmoney #forexentourage #forextrading #forex #forexhelptrading #forexscalping #babypips #forexfactory #forexlife #forextrader #financialfreedom #daytrader #scalper #swingtrader #fx #currency #traders #pip
