Edward J194 Gonzalez#61

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How does anchoring bias influence forex decisions?

Anchoring bias is the fixation on a specific reference point, like assuming EUR/USD will return to “fair value” at 1.20 because it was there before. Institutions model fair value with evolving variables; retail traders often stubbornly anchor to old prices. Benefits: anchors provide reference for strategy. Risks: rigid anchors ignore changing fundamentals. Anchoring blinds traders to reality—currencies move based on conditions, not memories. Flexibility, not fixation, creates forex success.