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Articles tagged by herd mentality

And Finally... Once upon a time, a very, very, very long time ago, a generation of traders (of which I was one) was introduced to the concepts of crosses. This introduction was not without some mishaps of course, but it was an invaluable outcome of our elders and betters teaching us how to read markets, more specifically how to identify drivers of moves in the main currency pairs. It is hard to escape the conclusion that in the modern FX market, such skills are thin on the ground.