Bulls is back to stock market! Is the underlying fundamental support the market frenzy? I think the financial media mogul such as CNBC and Bloomberg really doing a good job create the party frenzy and attract a lot of retail investors. To most of the investors, the only way to make money is not miss the train and hope can join the party. Most of them simply "follow" the herd instinct and hoping for fast bucks.
I don't want to touch on stock market since my blog is focus on Forex Market. In Forex market, you are not worry when the music will stop in the party. The opportunities to join the party (make money) is always open as long as you follow the right music. However, most of the FX participants stop at the middle of the party by choosing the wrong music. Based on my experiment in Forex Lab in my last article, I follow all type of music and try it out. If you want to continue to join the party, you need to follow the tune of the music. If you dance wild while the party is playing sentimental music, you are out. If you dance slow while the music is wild, you are out too. If you are a successful FX trader and have been surviving the party for more than 3 years, you know what I mean.
Yesterday, I read part of the Market Wizard which focus on the FX trader. Surprisingly, I discover if you are really big (I mean you have hundred billions dollar to join Forex Party). You can be the deejay of the party.
