A thorough understanding of the processes occurring in the market.
It is high time to expose the old sacred myth that leads to thrill beginners, and experienced speculators – "to earn in the market it is necessary to deeply understand the processes occurring on it. Indeed, simply repeat this "wise" phrase to listeners or readers imbued with respect and listed as a speaker to one of the guardians of the mysteries of the exchange, because if he says so, then really, deeply understand the processes occurring in the market.
By the way, a little boy of five is also firmly convinced and truly surprised why adults do not understand the basic things (life processes). However, subsequently, in the twenty years it comes to understanding how stupid was a child and that now, really, it’s true revelation, understanding of the essence. But throughout life gradually confidence in understanding the processes that normally passes by the age of eighty, and has "ways of the Lord are inscrutable" finally. That is, the wiser you get, the less you know.
There are people who are experts in their field with higher technical education, with higher academic ranks, in general "luminary" various sciences, including economics and probability theory, etc. .. With reference to the stock exchange trading mean that often two luminary with the deepest understanding of the market give a completely opposite predictions, one contradicting the other. Well if they are looking for different ways to the same thing, what remains to us mere mortals – do we have a deeper understanding of the market than the "most of the". Do we look like the five year old boy, claiming the understanding of the processes.
The fact that the market does not work any laws of physics or the laws of mathematics, not even the laws of economics and descriptive geometry. Only thimblerigger laws operate in the market. Therefore, all "clever" people who claim to "a deep understanding of the processes" the market is doomed. Here the standard distribution, common in any science in peacetime, are non-standard one hundred times in a row – hence the complete draining billion fund, managed the best Nobel laureates, while the taxi driver with peteushnym education earns a thousand percent in the same market. He’s just the processes occurring in the market understands their own way, according to the pagan – "great buyer", Magical horizontal line on the chart" etc. Less to understand the process – better sleep, so to speak 🙂
But the one who claims to be "deep understanding" usually ambitious, all his life he was right, he is the best student, he always won, etc. And now admit that it has won some ignorant market can not. It just can not be. As the market may go up ten candles in a row if the state of the world economy worse. The market is wrong, you have shorts on each candle. The market was crazy. It must collapse. Time passes – the market rises even higher. It is impossible, I still will not buy because it’s wrong and stupid in such a state of the economy. All wrong, I’m right one ……
By the way, regarding the levels – it really is supposed to be the place where many deep understanding of market processes and to which can be attached to make money. If it were not for one thing. Since the levels are visible to everyone and all levels and put on about their money, then this is the place for meat snipers from thimblerigger team to shoot the naive lovers levels. The space at the level it is an open area where the sniper rifle, and any target "ponimatel processes", Vyglyanuvshy out of the woods for easy money in advance doomed to shoot. But this is a special case.
So that "understanding of the processes occurring in the market" this is a very controversial issue in terms of making money. Sometimes it’s better not to understand much …. 🙂
Although many say that sometimes "deeply understand the processes"But really do not understand, and it often saves them because they trap on "ponimateley" usually put it in places "the obvious understanding".
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