Forex Bank Trading Strategy Intro Part 1: Market Trend Analysis
Is the “trend your friend”? If you are anything like most, you probably find that you’re often entering trades too late in the move, or jumping in too early at the first sign of reversal. Because of this, the trend ends up being much more of a fair-weather friend that’s usually around when you’re not in a trade.
Why is that?
The key lies with the driving force behind trends in the forex market….the banks. The banks tend to drive the FX market is a series of 3 cycles which often traps retail traders on the wrong side of the market.
If we understand how smart money moves the market over the course of a week, we can then learn to trade forex with them, rather than against.