Checkmate the market

Hello everyone, my name is Qurie from Edo, Nigeria. I am very good at chess, and I see forex more like a chess game. So I wish to master it and probably checkmate the market.

Welcome, hope you can be quickly familiar with the foreign exchange market like you are in chess game.

Lol it’s more like you think you checkmate and then the market takes your queen :joy::joy:

Analogies to chess are interesting. I can think of a few.

Strategy - Trade management and account management.
Pattern recognition - Develop an eye for market structure and recognize the related patterns as they are unfolding.
Opening motifs - Learn how to recognize trend & structural changes and how to make optimal entries with the optimal position sizing.
Piece development - Scale in and out of your position.
Castling - Move Stop Loss to Breakeven.
End Game - Taking profit along the way and trail your stops.
Check Mate - Close a profitable trade optimally or accept a loss.
Fear of Losing - Control your emotions. Have fun!
Get Rated - Become consistently profitable

A few more might come to mind but we have a good starting list. :slight_smile:

Good luck with your game!