FX is just a game of bluff and bargaining
I’m FX, but
there is no correct answer in the market
So, rather than being about investment, it’s more like poker
In FX, the game rule of bidding and bluffing is the correct approach
Often in trading books,
there are authors who occasionally affirm the idea that investing is gambling
Because the market isn’t the correct answer
In other words,
it’s precisely because it’s about bidding and bluffing that they say so
By the nature of the market, it doesn’t give you anything absolute
Therefore, market sense is what applies
To repeatedly trade up and down in the market
knowing past market patterns is the answer
History repeats itself
The market is said to be people’s expectations, but
“People repeat history”
has been proven by history that has repeated for a very long time
If that’s the case
then the market will be repeated
which means
therefore
“Dow Theory works”
The rationale for Dow Theory to work is
the trader’s expectations prove that history repeats
So if there is a Holy Grail,
it is, in other words, Dow Theory
From market patterns like Dow Theory
you construct a trading logic
And on top of that, “bidding and bluffing
On top of that, by adding bidding and bluffing to that logic
profits and performance will come
More than anything
Since the theory of the past market history has made it clear that “history repeats,”
you should gain confidence; that confidence itself, that proven market,
will greatly contribute to your performance mentally
On that theory, the aspect of bidding and bluffing
will help you win as a trader