http://www.theforexnittygritty.com/forex/forex-is-like-soccer-football Forex Is Like Soccer (Football) Forex trading is not a team sport but in many ways Forex is like soccer, the sport known as football everywhere but in the USA and Canada. Forex is like soccer in that you need to know the rules and develop the appropriate skills in order to play the game. And you need to scout out the opposition. This means the other team in soccer and it means the market in Forex currency trading. Then you need to develop a strategy for scoring goals in soccer and Forex technical strategies to earn profits in the currency markets. Forex is like soccer in that you need to keep your head when things get crazy. The best chance to score a goal is often when action is intense and players are not in position. The best chances for Forex profits are commonly in a volatile market. Forex is like soccer in that the prepared player is likely to succeed when everyone else is running around in a frenzy of unordered activity. Here are a few more thoughts about how Forex is like soccer. Fear, Greed, Forex and Soccer Mistakes in trading Forex are where we can make money. Here we are talking about the mistakes of others. Fear and greed drive the currency markets in the short term, especially when things get really volatile. Getting into the heads of the other traders helps you anticipate the market and profit thereby. Getting into the head of the opposing player in soccer likewise lets you get free of a defender and direct a header into the opposing goal. Reading market sentiment is how short term traders make their money. They anticipate the ups and downs of the market and trade accordingly. Likewise, the wise soccer player anticipates the moves of the opposition and plans his strategy and tactics to take advantage of the other players’ weaknesses. Forex is like soccer in that we learn to capitalize on the mistakes of others. A Soccer, Forex Trading System A well designed Forex currency trading system is likely to make money. Likewise a soccer strategy that takes the best advantage of the strengths of the various players on the team leads to a winning season, tournament victories and a World Cup Trophy. In Forex one picks a promising currency pair, researches the fundamentals that drive the relative prices of that pair and then follows evolving market sentiment. In soccer one scouts the opposing team and its individual players both for their skill sets and how they perform under the pressure of a game. In each case the successful person executes trades or passes in order to profit or score as individual circumstances present themselves.

1. By
www.TheForexNittyGritty.com
Forex is Like Soccer
Forex and Soccer Have a Lot of Similarities

2. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Forex trading is not a team sport but in
many ways Forex is like soccer, the
sport known as football everywhere but
in the USA and Canada.

3. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Forex is like soccer in that you need to
know the rules and develop the
appropriate skills in order to play the
game.

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5. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
And you need to scout out the
opposition. This means the other team
in soccer and it means the market in
Forex currency trading.

6. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Then you need to develop a strategy
for scoring goals in soccer and Forex
technical strategies to earn profits in
the currency markets.

7. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Forex is like soccer in that you need to
keep your head when things get crazy.
The best chance to score a goal is
often when action is intense and
players are not in position.

8. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
The best chances for Forex profits are
commonly in a volatile market.

9. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Forex is like soccer in that the prepared
player is likely to succeed when
everyone else is running around in a
frenzy of unordered activity.

10. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Here are a few more thoughts about
how Forex is like soccer.

11. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Fear, Greed, Forex
and Soccer

12. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Mistakes in trading Forex are where we
can make money. Here we are talking
about the mistakes of others.

13. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Fear and greed drive the currency
markets in the short term, especially
when things get really volatile.

14. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Getting into the heads of the other
traders helps you anticipate the market
and profit thereby.

15. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Getting into the head of the opposing
player in soccer likewise lets you get
free of a defender and direct a header
into the opposing goal.

16. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Reading market sentiment is how short
term traders make their money. They
anticipate the ups and downs of the
market and trade accordingly.

17. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Likewise, the wise soccer player
anticipates the moves of the opposition
and plans his strategy and tactics to
take advantage of the other players’
weaknesses.

18. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Forex is like soccer in that we learn to
capitalize on the mistakes of others.

19. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
A Soccer, Forex Trading System

20. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
A well designed Forex currency trading
system is likely to make money.

21. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Likewise a soccer strategy that takes
the best advantage of the strengths of
the various players on the team leads
to a winning season, tournament
victories and a World Cup Trophy.

22. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
In Forex one picks a promising
currency pair, researches the
fundamentals that drive the relative
prices of that pair and then follows
evolving market sentiment.

23. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
In soccer one scouts the opposing
team and its individual players both for
their skill sets and how they perform
under the pressure of a game.

24. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
In each case the successful person
executes trades or passes in order to
profit or score as individual
circumstances present themselves.

25. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
Where Forex Is Not
Like Soccer

26. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
In soccer, if you and your team are
good enough, you can win Olympic
gold medals or the FIFA World Cup.

27. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
There is no single trophy in Forex. The
rewards in Forex are your profits,
gained trade by trade, week by week,
month by month and year by year.

28. http://www.theforexnittygritty.com/forex/forex-
is-like-soccer-football
You can become rich trading currencies
and remain completely anonymous,
even as you travel to Brazil, stay in a
Five Star hotel and attend World Cup
matches.