Is Forex Devil? Anecdote
September 30, 2023Forex Trading Platforms
December 16, 2023 One of the most important things to understand is a retail Forex investor is that the kind of money you are trading may feel like a
small fortune, but in the grand scheme of things – when stacked up against institutional money and commercial traders – it’s just a
drop in the bucket.
No individual retail trader is going to have the kind of buying power that can move the market the way that those “big dogs” can.
At the same time, though, that doesn’t mean that you can’t utilize a very savvy Forex strategy to overhaul draft” off of the decisions
that big institutional traders make (smart money) – cashing in on their research, expertise, and market timing.
Here’s how to use this Forex strategy going forward for
Spotting Smart Money in the First Place
The first thing you’ll need to do is (obviously) identify smart money traders that you want to emulate an draft off to begin with.
You’re looking for large traders with a sizable amount of capital that can move the markets when they execute a trade.
This usually means investment bankers, hedge fund operators, mutual funds in the Forex space, and other institutional investors.
A little bit of research (Google is your best friend) will give you information about the movers and shakers are in the smart money
world of Forex.
Those are the ones you want to zero in on.
Track and Chart a Week or Two of Moves
After identifying the smart money that you want to emulate, to good idea to make sure that you track and chart a week or two of
their moves just to get a feel for how they operate.
Some people take even longer to chart this kind of activity (a couple of months, even) so that there’s absolutely no doubt about the
kinds of moves that these smart money investors make on a regular and consistent basis.
You’ll want to know the types of moves and overall investment strategy that these big Forex traders have so that you know what to
look for later down the line.
Pattern Out the Signals They are Trading Off
During your charting of the moves made by these traders you want to match up each of the moves and executions to as much
market research and technical analysis as you can get your hands on.
You want to try and identify the signals that they themselves are trading off of, home to give yourself an opportunity to first better
understand the best signals to zero in on and later to identify them yourself so that you can make moves quicker.
This patterning process can be helped along with a bunch of really useful pattern tools most brokerages provide. That something
you’ll want to knock out for sure.
Execute ASAP!
The last piece of the puzzle just comes down to actually executing on the information that you have gleaned from these Forex smart
money movers.
This Forex strategy only works if you put into play.
Trust your gut, trust your research, and dive headfirst into a move or two (with as much money as you are comfortable with) – and then exit intelligently – to give feel for how this whole thing works.
After you have a dozen or more trades under your belt this Forex strategy will feel like second nature!
About Author
I am Ninoslav Golubovic, the owner and CEO of MAPROFX my FB Page find here and Instagram here.
As per the job profile, my first work is to determine the signals of forex trading and guide my team members in that direction. The next work that I have is to
ensure that the risks associated with this trading are minimized to the maximum extent and so that people get maximum profits.