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The #footballindex market is not crashing.
We're actually in the middle of a sustained recovery.
Read on to see why...
We're actually in the middle of a sustained recovery.
Read on to see why...
The road to recovery has many peaks & troths.Profit takers correct sudden rises & some traders take the opportunity to reduce their platform exposure.An illiquid OB based on an increasingly unpredictable football landscape will not have a straight line recovery.
When FI chose the free market path to recovery after removing the Offer Floors, there was always going to be a fierce bear market cycle where a bottom had to be found before the market began its correction. Over time each fall becomes shorter and the rises go further.
1 unique thing about FI vs other markets is the obsessive nature of its user base with traders scrutinising hourly or daily fluctuations & declaring every volatile moment as a 'crash' or a signal 'the index is back'.Longer term analysis will always provide better results.
7 day rolling average prices for the current Top 10 players paints a different picture of the volatility within the market.Since the widely recognised market bottom on 18 Dec it is clear that prices are moving in the right direction.
Looking ahead... Prices will continue to chop & change.Focussing on overall trajectory & learning to not check the app every few mins & describing price rises as money you've 'made' or falls as money you've 'lost' will see all Traders have a healthier attitude to the market
