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Forex Q&A

Ep43: The DOM Indicator

Forex Q&A

VP

Investing, Business:investing, Business

51.5K Ratings

🗓️ 22 April 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

The Depth Of Market, or DOM Indicator attempts to tell you where retail traders are trading. But does it give us enough information? Also, how to rise above your competition. Blog For This Episode - https://nononsenseforex.com/forex-q-and-a-podcast/depth-of-market-indicator/ Losing Video - https://youtu.be/czzQDTJDA1g Exit Indicators Video - https://youtu.be/1b3D1gNUyiw Sentiment Video - https://youtu.be/gGfqIE4CzHY Subscribe on iTunes - https://itunes.apple.com/us/podcast/forex-q-a/id1403201709 Follow the Podcast on Spotify - https://open.spotify.com/show/4iTHB9E7Ly2AImBBhlZtV0 Subscribe on Stitcher - http://www.stitcher.com/s?fid=201867&refid=stpr Follow Me On Twitter! - https://twitter.com/This_Is_VP4X

Transcript

Click on a timestamp to play from that location

0:00.0

This is the 4X Q&A podcast. This is VP, professional 4X prop trader here in the United States, answering your user submitted

0:07.2

4X trading related questions every Monday morning. Now if you have a 4X trading related question on your mind and you have consumed all of the material and you have never asked a question before.

0:18.0

What you do is you go to no nonsense 4X.com slash ask VP. Fill out the form and I will get back to you

0:24.2

typically within 48 hours. And damned our bad luck or good luck depending on how you

0:30.0

look at it. My co-host has decided to show up. Hasn't been around all day, but Howling Wind is in the

0:35.8

building now. I made the mistake of doing the blog before the podcast, and Howley was nowhere

0:41.0

to be found until now. And I should have gone to reverse order, but I didn't and I'm paying for it.

0:46.0

And now I have to deal with my asshole coho.

0:49.0

So thank you for being patient.

0:51.0

We're going to go ahead and power through this without stopping. And if Howling Wynne wants to say something, I'm just going to have to go ahead and talk over him. But before we get to the question, I wanted to talk about you rising above your competition when it comes to trading Forex.

1:06.2

Now we are not really in competition with each other technically, which is a good thing.

1:11.1

We can all win if we do things the right way. But I can say with confidence

1:16.8

that some of you are going to get there much sooner than other traders are. And although I may have pointed out these two particular reasons why,

1:27.0

I want to point them out again here because I think it applies to what's going on right now.

1:32.0

And these are two things that you can focus on,

1:35.0

that most people are not.

1:37.0

And in doing so, you can get to where you want to be a lot sooner than they ever will.

1:42.0

And whether you truly feel like you

1:44.3

were in competition with other people or if you don't. These two things can do nothing but help

1:49.3

your cause. First off, as I predicted in my own head because the data always reflects this, I did a trading psychology video a week and a half ago, and it was a really good video I thought and a lot of you thought the same.

2:05.0

Very impactful is something that almost all of you have related to at some point in time.

2:10.0

And is a video that's probably more than almost any of the videos I do is going to be

...

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