Forex

The last time you bought a car, you and the dealer or person you bought it from had to agree
on a price. Before the price could be fixed, you had to negotiate a disagreement on value.
Without a disagreement on value, there is no market. You wanted the car more than you
wanted the money you were ready to spend to purchase it. The person you bought it from

wanted your money more than the car. All free market transactions must have these two
elements. When they are present, you have created a commodity or stock market. When
someone tells you the market is "oversold," it simply means that the market went lower than
the person thought it would. It says nothing about the market. I respect the analysts' right to
use this or any other term, but there just isn't any such condition as oversold or overbought.
The primary function of any market or exchange is to make sure that this condition does not
exist, even for a second. Whenever you read that there is a 60 percent bullishness in bonds, it
only means all the bears haven't been surveyed. If the market were 50.01 percent bullish, the
price would have already gone up. Here is the truest statement I can make about the market

(CENTER]The market is where it is
because that is where it is
supposed to be, and
it is supposed to be there
because that is where it is.[/center]

Think about this for a moment. Once you grasp this concept, you will:
1. Know more about the market than 90 percent of those who have money invested in it.
2. You will have started down a yellow brick road to more profits.
The market is where it is because, at this point in time, this is its fair value simply because
you have an equal number of contracts buying and selling at that price. Don't get me wrong:
I'm not trying to convince you of anything. I don't have even a thimbleful of missionary blood
in my veins. If you really believe there is such a thing as bullish/bearish consensus and/or
oversold/overbought conditions, be my guest. Would you also like a spare tooth to put under
your pillow tonight for the tooth fairy? It is time to get serious or get ripped off. "The market
is . . ." definition above is a true, brief, and accurate description of what is happening every
time a commodity or a share of stock is sold or bought. We don't need all the millions of
ungrounded assessments (opinions) floating around. In our private tutorials, we strongly
suggest that there is no need to seek out any source for information other than the marketgenerated
information. Reading the Wall Street Journal, Barron's, or Investors Daily;
subscribing to advisers' newsletters or hotlines; or tuning in to financial TV or radio is more
destructive to your financial health than smoking is destructive to your physical health.