The lowest-level newbies are those who check the news every day, letting their emotions and understanding be guided by it. They talk about the market like economists, blah blah blah, but in the end, it’s useless—they just can’t make money. Experienced newbies look at indicators, but indicators are always lagging and can be deceptive. Often, as soon as you enter the market, the party’s over, and you get tricked by all kinds of fake breakouts. Smart money watches for signs of the big players. For 24/7 trading assets like BTC, gold, and forex, short- to mid-term fluctuations are all dominated by institutional players.