##4 Clarity (Banks and Liquidity Providers)
Do not confuse NORMAL Banks with Liquidity Providers Banks. Normal banks are the one we are used to, they help us to make transactions locally and internationally and they are not directly involved in this speculation of Forex Trading
Then there are Liquidity Providers Banks. this are banks that created Forex Trading, and they participate in forex trading to make money. They make money by making forex Traders Lose and Every Forex Trader should be aware of them because you wont Win until you understand how they work and how to Trade in Line with them.
Truth. Only 5% of Traders in the world win in forex, then 95% lose. If you trade forex you must be will to be smart because it will be your war agaist Banks that want to take you money while you also want to take thier money
How the forex Banks Work
The banks will buy and sell the orders from Traders, then the Computer of the Banks is programmed in a way that it will go randomly hitting Stop Losses to make Traders lose, while Avoiding to Hit Take Profits. If You are new, you will know what Stop Loss and Take Profits are soon.
These banks are actually your enermy and for you to win, you have to take the direction they are taking when they are screwing 95% of traders. 5% traders that win in forex know Signals that Forex Chat shows when Banks are screwing 95% of Traders.
These are the Signals
- Forex News
- Stop Hunt
- Patterns (Wedge,
- Candle Sticks (Star, Spike, Rail Road)
For the purpose of Forex One Minute Strategy, we gonna focus only on Forex News as our Time and Signals to Trade. Other Signals are Important for Technical Trading not Necessarily Fundamental Trading
Fundamental Trading is when you trade based on news or during news.
Technical Trading is when you Trade based on Chart Patterns and Many other Chart Indicators
Now Lets Start. We are going to Register with broker and Open a Trading Software. We will Explain Everything when you are having a Trading Software so that you can See and Experience
Choose and Broker you Wanna Trader with