Originally Posted by
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I read these on a different forum, here these two stories are paraphrased and translated by me.
A while ago I have done this experiment (with parents agree). I taught his 10 year-old son basic theories of candle analysis and taught him the most common candlestick reverals patterns. I completed this as a debate with his father who resides in the USA about that you don't have to understand more than the most elementary MM and some candles, within 2month his son will probably be in pluses trading stocks. I have recommended his son doesn't study ANY FA or TA. 10k was given his son by his father. Guess what, after two month son's account has risen by 50% using a leverage of 1:1-1:2 on stocks while the father barely improved his account by 2%... Now father's wife constantly strikes her husband ”Even our 10 year old.... ?
Still another narrative.
”I trade on Forex almost two years with varying success, maybe because I'm analyzing a lot of. This thought was brought to me from my Wife from a very intriguing situation...Half per year ago I had been waiting for news to arrive. I read a ton of literature on FA, I analysed the trend through TA and my opinion of the upcoming move was 80-90% certain. Till the news arrive 5 Minutes stayed. I had been awaiting my wife was in the kitchen. I really don't recall why, but she came to me from behind and looked at the screen. ”Oh the price will go up right now” she said. I smiled politely and advised her to visit the kitchen as this can be trading, it's not right for women's mind. I had been sure the price would go down. Many things can occur on Forex. I was wrong... A while after the scenario happened. I thought this was coincidence, you understand, beginners luck... However, when this began to occur regularly, even when I had been really sure about my outlook, she was ALWAYS accurate. ... My wife likes to whine why I'm not a millionaire yet...”
Quite simply, TA and FA can break!
Any remarks, suggestions?