Football and Forex Analogy
December 15, 2005 by Trader Rich
I’d like to use a football/forex analogy to explain how I feel during high liquidity times of the day, mainly the European session.
When an NFL quarterback plays in their first season, I hear many times that "the game is moving too fast for them" The quarterback is transitioning from playing at the college level (demo/mini account) to the NFL (standard forex account.) During these growing pains, the quarterback can make many poor decisions mainly because everything around them is moving in so many directions. The quarterback gets emotional, confused, and can also lose confidence.
This is how I feel during the times in the market when liquidity is the highest. I have a another job so I trade when I can. Most of the time it is during the lower liquidity hours. I feel like a rookie NFL quarterback might right about now and I’m wondering if the more seasoned forex veterans ever really feel like the "game" is slowing down?
This is a question to you.
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