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Hi Traders
Do volatility have serious effect on our trading... As a day trader volatility is our allay and we have to know that we can count on it every single day or at least 90% of the days...
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I do not believe in a super server, thats just silly.. Traders make the market and everyone has differant points of entries. Some big banks may chase a currency one way to stop out a big order from a hadge fund, but the market is here so we can bet on interest rate differantals. For beginners, be patient, scalping is an art and not for everyone. Watch the news, and try to understand which way the Central Bank of the particular country is leaning or which way the real money is spectulating. Dont over leverage, thats a major mistake made by beginners. And remember, what ever doesnt kill you, makes you stronger.
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Quote:
If price moves against you on entry that may mean you are not using 1m noise properly to get a good price. If price is truely moving against you, apart from a few exceptions, then that is your bad analysis of the current state of the market. Losses are not a problem but losing consistently is a huge problem. It means you don't have a working strategy. You should know that the battle is won before you trade. That can only happen by nailing down a model that is a consistent winner. Honesty matters. Don't expect other people to give this to you. You need to find out for yourself in a genuine way. Consistent traders (including those in this forum) have spent a significant amount of time researching/thinking/backtesting etc to arrive at their belief systems. This is what you need to do before you trade.... ![]()
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"If it looks wrong...it's probably right" Larry Williams. |
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Hi Traders
There's no need for any specialised knowledge or skills to become a Forex trader. » Is it simple? Yes, very simple. What more - it can't be any simpler...The Forex market users log in to their accounts via the Internet and, in the simplest case, they just clik sell or Buy » OK, where the catch? Well, the crucial thing is to know which button to press. So far this all seems more like lottery than a method for a steady income. That's it. Many people feel that investing in Forex is more like gambling, and they don't treat it seriously. Actually the majority acts this way. Why? Because in order to make sensible investing decisions you have to know what you are doing. You need time and skills to figure out which button to press. Most people don't have time and skills to achieve this, and therefore they lose money. And ... 98% of Forex investors lose their money!
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Drastically Boost Trading Profits |
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I think good money management will eliminate most if not all of those fears...As a general rule I never risk more than 1% of total equity on any trade. With this approach a trader can be wrong 20 times in a row and still have 80% of his or her equity left. I hope that helps.
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Trading is easy....but we should relax and the best indicator is our EYE....Your Eyes will work better than other indicators....Loook at the chart....observe....and....find something..that's a signal !!.. Ha..ha..
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good point
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http://braydensgrail.wordpress.com/ |
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Quote:
I was about to write nearly the same... I was about to write...if you feel THEY are trading AGAINST you...well then trade the SAME direction as THEY...( and who are they...is that again some sort of a conspiracy theory) Or do you believe that THEY are watching YOU. And the moment THEY see that YOU enter a 100$ position that THEY blow the wistel to turn a Trillion$ market against your 100$ position. There is no THEY or THEM. The market is everyone. Each one of us. Big and small. Remember that If you loos money someone else is making money. And for all the same that "someone else" could be me on that moment . And I am not a member of the big brother conspiracy. Only people who loos more money then making money have the tendency to blame this on someone else instead of blaming it on themself. They blame it on the broker or on the market or an THEM.... Someone who makes more money then loosing money, knows that this is because of himself. regards..iGoR
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Succes comes with knowledge. Knowledge comes with experience. Experience comes with time and hard work... (iGoR) To avoid a lot of false trades ask yourself the question:...Am I desperatly looking for a trend because I want to trade...or am I taking a trade because the trend is there...(iGoR) Last edited by iGoR; 06-19-2008 at 12:26 PM. |
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