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Originally Posted by Scotty B And what do you consider orderflow to be? |
Retail traders can not see any of the above in Forex, and thus, are "blind" to order flow and size of buyers and sellers. When you submit an order in Forex, your broker will either pass the trade through to the market, or actually take the other side... Thus, you are blind to the market, other than the last print shown and the charts you are watching. All of this is exactly why technical analysis is so vital in Forex, as outside of economic and currency related news (and analysis), the really only other indicators traders have is??? technical analysis. In essence, Forex is one of the purest markets for technical analysis, because it is indeed, blind.