Different activities, similar approach: how cricket laws apply to Forex

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Octa, a globally recognised investing platform since 2011, cannot help but draw parallels between some distinctive aspects of this wonderful game and Forex trading. At Octa, it is believed that cricket and Forex trading have many things in common despite the former being a team game and the latter—a strictly individual endeavour. The prerequisites for success are very similar for both occupations, and the overwhelming popularity they both reached in the last couple of decades constitutes another common trait.

Below, is the list of three more features that cricket and trading in the Forex market share with each other. This list, while being far from exhaustive, can help traders apply the specifics of cricket to their journey in the financial markets to achieve success. High-class players usually have a detailed game plan before stepping on the cricket ground.

As the game progresses, they adjust this plan based on new circumstances. Throughout the match, the ball's condition deteriorates, which can significantly impact the game as the swing changes and new tactical opportunities arise. On top of that, the opposition of bowlers and batsmen follows its own psychological narrative, with many highs and lows for each side.

In Forex, no prefabricated system is perfect either. Each time you see the market conditions veer from the projected course, you need to adjust your strategy—otherwise, you will be trying to hit the targets that are no longer in view. Donald Bradman, an international Australian cricketer considered by many the greatest batsman of all time, once said: 'After a lifetime of watching and playing cricket, I believe that two ways I learned most about the game were by observation and experience.' At the early stages