in a single order without spiking the market. Keeping that in mind, why then do most retail forex traders out there attempt to invent or learn forex trading strategies that have been created to try and fit a market we do not control? Anything in life that is new takes time to learn and this will be no exception. This forex trading video covers how banks manipulate the market and how to day trade with. The forex training video walks through the confirming entry. Why is Tracking Smart Money Critical to Successful Trading. Hands down this is the easiest area for us to profit from but only if we can properly identify the first 2 steps in the process. Throughout this article, you will read the term smart money.
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If we have correctly identified which direction they have manipulated foreign exchange rate rupees to dollars the market we can then understand which direction they intend to push the price. Retail traders are figurative flies on the wall. If you find that like most (95 or more) your strategy is reactive, then you need to move on to something else if you ever want a chance of becoming a successful forex trader. A stop run or false push beyond the low of an accumulation period likely means that smart money has been buying into the market, and a short-term trend in that direction is likely to start. I urge you to look back at all large market moves. Step #1 Accumulation: As discussed above there is a counterparty to every transaction in any market including the forex market. Step 1: Accumulation, step 2: Manipulation, step 3: Distribution/Market Trend. This includes the largest banks, prop firms, massive global companies, insurance companies, Hedge Funds, as well as speculative traders in every variety from around the globe. At some point, we all need to realize that maybe its not the tens of thousands of retail forex traders that are failing, but maybe its the strategies that are flawed, as they dont factor in the largest market participant, smart money! A stop run or false push beyond the high of an accumulation period likely means that smart money has been selling into the market, and a short-term trend in that direction is likely to start.