{"id":9713,"date":"2022-10-12T20:28:08","date_gmt":"2022-10-12T20:28:08","guid":{"rendered":"https:\/\/mdr.foobrdigital.com\/?p=9713"},"modified":"2022-10-12T20:28:08","modified_gmt":"2022-10-12T20:28:08","slug":"know-your-trading-environment","status":"publish","type":"post","link":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/2022\/10\/12\/know-your-trading-environment\/","title":{"rendered":"Know Your Trading Environment"},"content":{"rendered":"\n<p>When two people go to war, the foolish man always rushes blindly into battle without a plan, much like a starving man at his favorite buffet spot.<\/p>\n\n\n\n<p>The wise man, on the other hand, will always get a situation report first to know the surrounding conditions that could affect how the battle plays out.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/bpcdn.co\/images\/2016\/05\/grade12-binoculars.png\" alt=\"Know Your Forex Trading Environment\" title=\"Know Your Forex Trading Environment\"\/><\/figure>\n\n\n\n<p>Like in warfare, we must also get a situation report on the trading environment. This means we need to know&nbsp;<strong>what kind of market environment we are actually in<\/strong>.<\/p>\n\n\n\n<p>Some forex traders cry saying that their system sucks.<\/p>\n\n\n\n<p>Sometimes the system does in fact\u2026suck.<\/p>\n\n\n\n<p>Other times, the system is potentially profitable, but it is being utilized in the wrong trading environment.<\/p>\n\n\n\n<p>Seasoned forex traders try to figure out the appropriate strategy for the current market environment they are trading in.<\/p>\n\n\n\n<p>Is it time to bust out those Fibs and look for\u00a0retracements? Or are ranges holding?<\/p>\n\n\n\n<p>Just as the coach comes up with different plays for particular situations or opponents, you should also be able to decide which strategy to use depending on the trading&nbsp;environment.<\/p>\n\n\n\n<p>By knowing what market environment we are trading in, we can choose a&nbsp;<strong>trend-based strategy<\/strong>&nbsp;in a trending market or a&nbsp;<strong>range-bound strategy<\/strong>&nbsp;in a ranging market.<\/p>\n\n\n\n<p>Are you worried about not getting to use your beastly range-bound strategy? How about your Bring-Home-Da-Bacon trend-based system?<\/p>\n\n\n\n<p>Have no fear!<\/p>\n\n\n\n<p>The\u00a0forex market\u00a0provides many trending and ranging opportunities across different time frames wherein these strategies can be implemented.<\/p>\n\n\n\n<p>By knowing which strategies are appropriate, you will find it easier to figure out which indicators to pull out from your forex toolbox.<\/p>\n\n\n\n<p>For instance, Fibs and\u00a0trend lines\u00a0are useful in trending markets while\u00a0pivot points,\u00a0support and resistance levels\u00a0are helpful when the market is ranging.<\/p>\n\n\n\n<p>Before spotting those opportunities, you have to be able to determine the trading&nbsp;environment.<\/p>\n\n\n\n<p>The state of the market can be classified into three scenarios:<\/p>\n\n\n\n<ul><li><strong>Trending up<\/strong><\/li><li><strong>Trending down<\/strong><\/li><li><strong>Ranging<\/strong><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When two people go to war, the foolish man always rushes blindly into battle without a plan, much like a starving man at his favorite buffet spot. The wise man, on the other hand, will always get a situation report first to know the surrounding conditions that could affect how the battle plays out. Like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[813],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9713"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=9713"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/9713\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=9713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=9713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=9713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}