My concept about FX is that nothing works , why?
Lets assume that for moving the FX market you need a significant account at a real ECN account, so there are just a few men who have this, moreover, FX market moves also because movements of stock markets and commodities markets.
Thus a man with a huge account in FX, stocks or commodities market warms up in the morning and see a new about some shares or about some nation, and then he makes the decision to buy or to sell, and then the market moves in one direction and tens of thousands of traders win or lose money.
At the other portion of earth another man wakes up and flip a coin toss, and then he makes the decision to buy or to sell, and the market moves again in one direction, and tens of thousands of traders attempt to describe using their approaches the market goes, but there is no reason, just the will of a couple men!
So... That is my vision about FX market, it is a completely random market, there aren't any methods, there are not any systems, you may just minimize your losses utilizing SLs and hope that if you have fortune that the price reaches your TP, that's all, this is the reality IMHO.
What do you think?
PS: sorry for the bad english...






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