Core Concepts Episode 3

26.03.21: No Nonsense Forex, Core Concepts Episode 3:

Big Banks Part Two

This video was published 2.5 years after the first one.
Take a contrarian approach to trading, but an applied, logical contrarian approach.

Remember: The game is beatable.

Use the channel like a grown up. Be deliberate, go slow, take notes. Buckle down and do the work.

Take a slow, deliberate and patient approach

You're trying to take down a $6,000,000,000,000 market. Be patient.
Read the printed news sheet: Big Banks are practically getting away with manipulation.
Having an understanding of this manipulation will give you a deeper understanding of how to beat
it.
Stay off the banks radar as often as possible.

Avoid reversal trading, common tools and be cautious of USD pairs.

Remember: Daily Time-Frame. Daily Time-Frame. Daily Time-Frame.

Banks have a say about what happens to the USD, but not about Gold.
Trading gold against the USD, we've learnt that gold (the price of gold) is in much greater control
over what happens to that pair than USD is. Banks can't always control gold or silver pricing.
Precious metals drive the bus.

Certain indices are also manipulated: S&P 500

Remember, where the majority of people are going or doing, you will see manipulation.

Understand the banking phenomenon, don't fight it.

Don't try and take short cuts either, just understand sentiments role.