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The FX Bootcamp Guide to Strategic and Tactical Forex Trading by Wayne McDonell

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SUMMARY

So, as you can see, not all trade opportunities are the same. Some can be more profitable than others, and some are almost certainly losers. I hope the use of momentum and market will help you identify your opportunities and your threats. Sure, all trades can potentially lead to a profit or to a loss. However, generally speaking, try not to trade against the market. The market is bigger than you.
You can increase your odds of success throughout your entire trading career but especially as a novice trader, by trading in the direction of the market. This is when market and price are aligned: centrifugal momentum.
You don’t need to trade every trading opportunity nor should you chase price up and down. Go with the market. Go with the flow. Enjoy the ride. It should last until something fundamentally changes ... a shift in bias.

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