Enter You Enemies Head and Think Like A Bank. Therefore while the strategies differ, the outcome and thus trades tend to be in large part the same which explains why the outcome of retail traders tends to be the same. But if it does not — we trace it and walk away. Article contest on Twitter. Close alert You've unfollowed this author. Your login credentials were also emailed to you. Community Twitter in English.




At the start of each trading session, you will receive an email with the author's new posts. After working in lkbrary banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market. It all comes down to understanding how the traders at the banks execute and make trading lije. First let me bust the first myth about forex traders in institutions. Most of the time they are simply transacting on behalf of the banks customers.

They may perform a few thousand trades a day but none of these are for their proprietary book. They actually only perform trades a week for their own trading account. These trades are the ones they are judged on at the end of the year to see whether they deserve an additional bonus or not. They are extremely methodical in their approach and make trading decisions when everything lines up, technically and fundamentally. As far as technical analysis goes it is extremely simple.

They are often rtader with mathematical indicators which not only have significant hour time lags but also often contradict each other. Trading with these indicators and this approach is the quickest way to rip through your trading capital. In fact they are completely the opposite. All they want to know is where the key critical levels. The ,ibrary traders are the market. They make split second decisions based on key technical and fundamental changes.

Understanding their technical analysis is the first step to becoming a successful trader. What it all comes down to is simple support and resistance. No clutter, nothing to alter their trading decisions. Simple, effective and highlighting the key levels. The trendlines are simply there to indicate key support and resistance. Entering the market is another discussion all together.

The key tade to their loke decisions is derived from the economic fundamentals. When you have the political situation countering the ,ibrary bank announcements currency direction is somewhat disjointed. This is what bank traders wait for. The fundamental aspect of the market is extremely complex and it can banm years to master them. This is a major area we concentrate on during trace two day workshop to ensure traders have a complete understanding of each area.

Z you understand them you are set up for long term success as this is where currency direction comes from. There is a lot of money to be made from trading the economic data releases. The key to trading the releases is twofold. First, having an excellent understanding of the fundamentals and how the various releases impact the market. Secondly, knowing how to execute the trades with precision and without hesitation.

After all it is these economic releases which really direct the likw. These are the same economic releases that central banks formulate policy around. Now to be truly successful you need an extremely comprehensive capital management system that not only protects you during periods of uncertainty trade forex like a bank trader library also pushes you forward to experience capital expansion.

Our stringent capital management system perfectly encompasses your risk to rewards ratios, capital controls as well as our trade plan — entry and exits. Having such a system in place fkrex also alleviate the stresses of forfx and allow you to go about your day without spending endless hours monitoring the market. I can tell you most traders at banks spend most of the day wandering around the dealing room chatting to other traders or going to lunches with brokers.

Rarely are they in front of the computer for more than a few hours. You should be taking the same approach. If you understand the technical and fundamental aspects of the market and have a comprehensive professional capital management system then you can. From here it just takes a simple understanding of the key strategies to apply and where to apply them and away you go. Trust me you will experience more capital growth then froex ever have before if you know how the bank traders trade.

That way you will be trading with the market not against it. So to conclude let me say this: There are no miraculous secrets to trading forex. There are no special indicators or robots that can mimic the dynamic forex market. You simply need to understand how the major players bankers trade and analyse the market. If you get these aspects right then your well on the way to success.

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It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss liibrary all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Note: All information on this page is subject to change. Llike use of this website constitutes acceptance of our user agreement. Please read our librarry policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.

The possibility exists tradef you could ilke a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if librar have any doubts.

Opinions expressed at FXStreet trade forex like a bank trader library those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained librady this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which forez arise directly or indirectly from use of or reliance on such information.

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Forex Trading Secrets: as a forex trader you can limit the amount of risk per If the trade (based on your strategy) looks like it could yield a 3% reward. The Forex Market: Who Trades Currency And Why Any action taken by a central bank in the forex market is done to Companies trade forex to hedge the risk. How the Banks Trade Forex. Armands. and it is even harder to execute the trades at these levels when it looks like the market will go Global Forex Bank ;.