Hey men, which makes some progress knowledge wise but there seems to be an overwhelming quantity of information is out there... are there any recommendations on the best location to understand and become a consistant trader?
Hey men, which makes some progress knowledge wise but there seems to be an overwhelming quantity of information is out there... are there any recommendations on the best location to understand and become a consistant trader?
Learn to code EAs for yourself, it'll be many, many times easier than learning how to trade forex profitably.Originally Posted by ;
It can be, based on what you want to achieve. For instance if you currently have a trading egy which indies consistent outcomes than you can choose to automate the system through an EA. In testing your egy within a given 11, this might help.Originally Posted by ;
For those who have a very newbie then I suggest you visit the very basics and begin to read the charts. You'll come across a lot of patterns emerge in spite of the type of egy you elect to use. Train your eye and you'll be pleasantly surprise with everything you find.
too much truth in this announcementOriginally Posted by ;
when I started trading I noticed bollinger bands and I heard the concept of the squeeze, the rebound, the walking the bands.
I decided this shit was overly straightforward
then I heard probabilities and statistics, how to compute, standard deviations, averages, exponential, WMA, and so forth.
The best way to compute suggested, historical, actual current, and actual future volatility.... Guess what're more or less back to Bollinger bands hahahahaha
but I know THE REASON, AND the reason why they work, and HOW THEY WORK, and WHAT THEY MEASURE, AND HOW THEY MEASURE IT.
The short comings the advantages .
In my view there are only 2 things a trader or investor needs to know about, when embarking on an asset (not counting the MM of the actual method)
1) management
two ) volatility
however if you truly wish to learn how to trade, take some classes on probabilities here is an open totally free non accredited class from Harvard University....it is much more helpful than it sounds trust me. Trading is all about probabilities, and expectations, which assembles your risk management etc
http://www.extension.harvard.edu/ope...ts-probability
Price is king! We're all aware that what really constitutes success in gambling is a combination of things, including plogy, risk management, planning, construction. . .etc. But if you are a technical trader you will need a trading egy/system which you are able to comprehend, execute and subsequently handle. Take a fantastic look at the chart and ask yourself exactly what you see. This is a superb way to train your eye to recognize reoccuring patterns in the market.Originally Posted by ;
No where. DYODD, and DIYS.
No more free lunch,
go LIVE following 3 months of demo if u know what it is you are doing using a micro account.
If not add yet another 3 months.
Blow up an account, then you have paid your dues
Hopefully not.
READ READ READ,
News, Newspapers, Websites, THIS FORUM, Blogs,
Then form your own opinion w/o emotion.
Detach yourself from the money,
Nevertheless look at matters in a macro perspective - ie: drawdown, time in exchange,
target, Money management, risk vulnerability, bias, opinion, cot, etc..
Discover what tools suit you best and don't overcrowd your charts with silly lagging indiors.
This market is smash and grab most of the time.
Know the greater time frames successfully first or you WILL neglect on the lowers.
There's not any such thing as becoming a millionaire by scalping a 2k account,
I don't care what folks that post these ridiculous equations with this forum say.
You are NOT going to go from 200 to 400 to 800 to 1600 to 3200.
SORRY.
Start small learn to exchange up the ante.
News and fundamentals are what drive the techs in my personal view,
Techs are there if there isn't anything else to exchange besides them.
Good fortune
wish you well,
XT
Oh and re read this AWESOME POST FIVE TO FIFTEEN TIMES A DAY.
Originally Posted by ;
Likeweise partner, each of the above were recommended for me in 1 way shape or form also so there has to be merit in them. . Helping a lot ...Originally Posted by ;
View price over any other factor, learn the art of pure price action, it makes all of the difference.Originally Posted by ;
Look at Re-tests after highs/lows have been broken. . .Train you Eye!