Knowing The Market Sentiment (Part I)
Posted by Ahmad Hassam at Jul 26th, 2009 in Gambling
Most traders have a love hate relationship with the market thinking that the market is either against them or for them. Do you see the market as a big mechanical matrix which is devoid of emotions? How do you view the forex market is very important.
At anyone time, the market is emanating the emotions of currency speculators around the world. The truth is that forex market is just the compressed display of emotions.
You should think of a market as a big living organism. Think that this organism is made up of millions of cells. Each cell is doing its own functions. Each cell also interacts with other cells of the body keeping the living organism alive and kicking around the clock.
A forex market comprises millions of participants acting out their perceptions and emotions. Knowing what the market thinks and how it thinks is crucial to trading success.
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