Fx Trading Strategy

Two completely opposite “schools of thought” dominate today’s public opinion when it comes to financial markets. One school of thought is advocated by academic types, mostly economics, finance and mathematics professors. They will tell you that “markets are efficient” and that there is a zero chance for an individual to outperform any liquid financial market in the long run. Well, of course the guys with cushy university jobs,without any real world or business experience, will tell you that you don’t stand a chance to succeed. You should continue to work your little day job so that they have someone to make their sandwich or to change oil in their cars. People who subscribe to this theory usually choose to stay out of financial markets and keep their cash stashed in their mattresses.Another school of thought is advocated by financial TV and radio stations, investment firms, brokerages etc… “Surprisingly” they are all trying to portray financial markets as an idyllic place where happy M

oms, Dads and Grandpas use sophisticated software to place winning trades from their laptops while vacationing on sandy Caribbean beaches…Countless “talking heads” are enjoying their daily parade on TV channels such as  CNBC or CNN supplying mostly worthless advice to general public. Their “analysts” changetheir opinion every day in a fashion that even George Orwell would find hard to comprehend. And everything they say always seems to “make sense” at the moment when they are saying it. Next day, when it turns out that they were totally wrong, they are telling you an entirely different story as if yesterday never happened. And if you noticed,the hosts never, ever bring that up. Why? Well, “the  show must go on”. They have toshow you that every day you are missing on countless trading opportunities; you just need to watch their shows, subscribe to fancy software that they sell you and you are on yourway to early retirement.