Greek Referendum And Eventual Grexit Are Likely To Lead To Global Financial Collapse and 20-year Depression in Both Europe and the US Says CEO of Forex Peace Army Dmitri Chavkerov

Dmitri Chavkerov believes that all one have to do is become an insider of an individual stock by looking at the price action of the stock regularly. Within a relatively short period of time, one will be able to place many more winning trades than losing ones.

Dmitri Chavkerov of Forex Peace Army Teaches Traders A Very Simple Principle That Separates Traders That Consistently Make Money From Traders That Consistently Lose Money

NORTH PORT, Fla., Feb. 18, 2014 /PRNewswire/ — Dmitri Chavkerov, CEO of Forex Peace Army shared with traders simple yet effective trading principles that can separate people who consistently make money from traders that consistently lose money. Dmitri Chavkerov’s website Forex Peace Army is ranking first in Google for many forex-related terms.  Forex Peace Army has been one of the leading companies in the forex educational field for more than 8 years now.

“I have been shopping at one particular grocery store. I went to this store almost every single day, and one of the products that I would buy all the time was organic bananas. The funny thing about it is that the price of these organic bananas constantly varied quite a bit. Sometimes they would sell for $0.79/pound, other times, $0.89/pound, other times $0.99/pound, or $1.09/pound, or $1.19/pound, or $1.29/pound. I’ve never seen them sell cheaper than $0.79/pound, and I’ve never seen them sell more expensively than $1.29/pound,” says Forex Peace Army Cheif Dmitri Chavkerov.

“Let’s imagine that a friend would visit me from the UK, and he also constantly buys bananas in the UK. So he sees that the organic bananas in my local store are selling at $1.19/pound that day. So he says: “Holy crap! That’s so cheap! In the UK, you would pay at least $2/pound for them!” Let’s imagine I told this guy: “Well, I have a feeling that within the next few weeks, their price might drop even further” and he would reply: “No way! That is impossible! I’ve never seen them this cheap, and prices of food only go up, they will never get cheaper than that!” So I tell him: “I’ll bet you $100 that the price on these bananas will drop to $0.99 before it goes up to $1.39.” And my UK friend would answer: “I accept this bet!” says Dmitri Chavkerov President of Forex Peace Army.

Dmitri Chavkerov believes that he is more likely to win the bet as he has been shopping for this product in that particular store for a longer period of time than his friend, which made him an insider and gives him a clear edge to bet against people that are new to the price of this product in this particular store.

“I am more likely to win the bet, because I placed it against my friend as an insider, and my friend placed a bet against me as an outsider. This is the only principle you need to know to become a consistently profitable trader. This is what separates traders that at the end of the year are in the positive from traders that at the end of the year are in the negative,” says Dmitri Chavkerov of Forex Peace Army.

Dmitri Chavkerov believes that familiarity with one instrument over a significant period of time is one important aspect that separates winners from losers, but Chavkerov also states that there are some other factors that need to be taken into account as well.

“Every single stock day trader I ever met, who got similar education that forex traders get, who has been trading as regularly as these forex traders were trading, and who has been doing it for as long of a time as these forex traders were doing it, was consistently turning a profit, while forex traders were losing. Why is it so? Why is it that so many people I met who traded individual stocks regularly were wildly profitable, and so many people who traded forex regularly were such royal losers? The answer is focused speculative liquidity,” says Forex Peace Army Chief Dmitri Chavkerov.

According to Dmitri Chavkerov of Forex Peace Army, it is easy to make money as day traders in the stock market because every individual stock has its own pool of liquidity, and thus its own price, which is completely unaffected by liquidity or price of another stock. Thus the liquidity is focused. In addition to it, every single stock share in this focused liquidity pool gets bought or sold for no other reason but speculative. What one gets as a result is a very predictable day-to-day price action. All one have to do is become an insider of an individual stock by looking at the price action of the stock regularly, and within a relatively short period of time, one will be able to place many more winning trades than losing ones.

Currencies, on the other hand, are heavily interrelated, with most of the liquidity in forex being transactional, which makes it much more difficult to trade profitably than trading individual stocks.

SOURCE: Forex Peace Army