Best place to learn and become a consistent trader?
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Thread: Best place to learn and become a consistent trader?

  1. #1
    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?

  2. #2
    Quote Originally Posted by ;
    As new as I am Hellas I can already see that I would like to get a few things programmed to make my life easier... is custom programming an outlandish expense like web along with other programming solutions? Is it some thing thats reserved for the big boys?
    Learn to code EAs for yourself, it'll be many, many times easier than learning how to trade forex profitably.

  3. #3
    Quote Originally Posted by ;
    As fresh as I'm Hellas I can see that I would like to get a few things programmed to make my life simpler... is custom programming an outlandish expense like web and other programming services? Is it some thing thats reserved for the big boys?
    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.

    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.

  4. #4
    Quote Originally Posted by ;
    That is the issue, information overload! How much is applicable, helpful, or even necessary to understand?

    There seems to be a cycle which individuals new to trading go through of easy, to complicated, and straight back to easy. Perhaps a fantastic place to start is learning the actual idea of'trading' rather than get bombarded with information regarding egies or the intricacies of how a specific market functions. An analogy might be learn to push first, it's not immediately necessary to learn about advanced driving techniques or what's happening under the hood, there is...
    too much truth in this announcement

    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

  5. #5
    Quote Originally Posted by ;
    im glad I found this thread - entirely new to trading and I posted in another thread (no response ) in order to gain some insight on where to start as a newb for Foreign Exchange... thanks for the tips guys
    beginning with these few for today - should keep me occupied....

    Price is Everything, Romancing the Price, PIE Chatroom, https://www.forexforum.co.za/trading...sd-charts.html...
    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.

  6. #6
    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

  7. #7
    Oh and re read this AWESOME POST FIVE TO FIFTEEN TIMES A DAY.

    Quote Originally Posted by ;
    I have added something to the very first page of the chatroom.

    I thought I'd put it here too, lest it has overlooked

    To all new traders:
    That is a business, a quite difficult business.
    Every day we delve into the abyss, and the abyss stares back in to us.
    To create our living, we must daily confront the demons Fear and Greed, and win.
    We have all dismissed account after account, and you'll too. It is a part of paying dues to that which will provide for us afterwards.

    Do not imagine that you will get rich quick in this enterprise.
    It takes tens of thousands of...

  8. #8
    Quote Originally Posted by ;
    im glad I found this thread - entirely new to trading and posted in some other thread here (no response ) in order to acquire some insight about where to start as a newb for forex... thanks for the tips men
    starting with these few for now - should keep me busy....

    Price is That which, Romancing the Price, PIE Chatroom, https://www.forexforum.co.za/general...-analysis.html

    if...
    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 ...

  9. #9
    Quote Originally Posted by ;
    Likeweise partner, all the aforementioned were recommended to me in one way shape or form too so there has to be virtue in them. . Helping a lot so far...
    View price over any other factor, learn the art of pure price action, it makes all of the difference.

    Look at Re-tests after highs/lows have been broken. . .Train you Eye!

  10. #10
    Nice continuation bounce after consolidation

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