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How do you know your a experienced trader?
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fantasykid

Mitglied seit Dec 23, 2010  13 Beiträge fantasykid Feb 04 2011 at 02:23
So I see most people are traders for a couple of years but there is many factors to becoming an experienced trader. When do you graduate to becoming the guru of forex? Is it a time thing, a profit factor, or just losing your shirt so many times that you have learned. Who can you trust to get some facts from, the right advise so to speak. I know the first thing that comes to mind is well they make money. Well you can make money just at a normal job but that may not mean your a guru so to speak. I don't know maybe its the way people talk about forex that makes you a pro. The fancey lingo for all the different terms to forex. There is so many people who hide behind a wall of smarts but really they are a con. So I ask, 'Are you an experienced trader?'cool

Quick in..... Quick out!!! I don't bite I scalp!!!
bluewater

Mitglied seit Feb 08, 2011  5 Beiträge St John (bluewater) Feb 10 2011 at 19:55

fantasykid posted:
    So I see most people are traders for a couple of years but there is many factors to becoming an experienced trader. When do you graduate to becoming the guru of forex? Is it a time thing, a profit factor, or just losing your shirt so many times that you have learned. Who can you trust to get some facts from, the right advise so to speak. I know the first thing that comes to mind is well they make money. Well you can make money just at a normal job but that may not mean your a guru so to speak. I don't know maybe its the way people talk about forex that makes you a pro. The fancey lingo for all the different terms to forex. There is so many people who hide behind a wall of smarts but really they are a con. So I ask, 'Are you an experienced trader?'cool


Its all of the things above,,mostly time on the charts and money management,keeping greed at bay and study .And read Trading In The Zone 25 times till you think like a top trader when you have been constant + $ for 12 months,, then you are on your way You must love trading to get threw all of this .If Its just about money I promise you this,, go do something you love you will make more money faster with less stress.. :)

When In Doubt Stay Out !
fantasykid

Mitglied seit Dec 23, 2010  13 Beiträge fantasykid Feb 12 2011 at 06:39
I think your right. I believe that time spent gets you to a better understanding. To bad there is not some sort of way to really deep dive into becoming an expert. I mean there is 10's to 100's of millions of traders out there. Why is it so hard for people to achieve results. Maybe there is this secret society of traders that none of us know of that just keep everything to themselves. I would like to just connect with real winners from the forex world. No matter where I turn or click it seems people are all just well... traders. I believe that surrounding yourself with poisitve people makes a positive world. I think there is a need for a social network for forex so people can connect with the winners or the people wanting to become winners. I don't know you... but you could be a great trader... how can I prove that you are? If you are a great trader than why are we trading ideas and pips so to speak. smiley

Quick in..... Quick out!!! I don't bite I scalp!!!
bluewater

Mitglied seit Feb 08, 2011  5 Beiträge St John (bluewater) Feb 12 2011 at 19:53

fantasykid posted:
    I think your right. I believe that time spent gets you to a better understanding. To bad there is not some sort of way to really deep dive into becoming an expert. I mean there is 10's to 100's of millions of traders out there. Why is it so hard for people to achieve results. Maybe there is this secret society of traders that none of us know of that just keep everything to themselves. I would like to just connect with real winners from the forex world. No matter where I turn or click it seems people are all just well... traders. I believe that surrounding yourself with poisitve people makes a positive world. I think there is a need for a social network for forex so people can connect with the winners or the people wanting to become winners. I don't know you... but you could be a great trader... how can I prove that you are? If you are a great trader than why are we trading ideas and pips so to speak. smiley


My advice is sound. I am just trying to help you ,,read and reread 'Trading In The Zone'
then you will not wonder anymore,, where how what real traders are doing.There is no quick way to constant profit.
I tried the fast way,well most of us traders who have been at this for over 5years have and lost.
Read Jack Schwagers books ( The New Market Wizards)

Hope this helps STJ............

When In Doubt Stay Out !
WorldTrader

Mitglied seit Nov 09, 2010  54 Beiträge WorldTrader Feb 14 2011 at 01:23
Stability is all that matters

Slow But Steady
fantasykid

Mitglied seit Dec 23, 2010  13 Beiträge fantasykid Feb 14 2011 at 07:23
Stability in the market or person?

Quick in..... Quick out!!! I don't bite I scalp!!!
OMGTrader

Mitglied seit Dec 17, 2009  9 Beiträge Safwan Zolkipli (OMGTrader) Feb 14 2011 at 18:43
Stability of the person lol

zzzero

Mitglied seit Jan 26, 2011  1367 Beiträge zzzero Feb 24 2011 at 22:38 (bearbeitet Feb 24 2011 at 22:39 )
<b>OMGTrader posted:
    Stability of the person lol
</b>


i agree 100%.




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zzzero

Mitglied seit Jan 26, 2011  1367 Beiträge zzzero Feb 24 2011 at 23:22
there is a place on the charts where the direction is predictable.

and then there is a place on the charts where the direction is not predictable.

my only bottleneck atm is in my having to wait for the charts to go to that place where the direction is predictable.

this project has taken seven years for me to finish.

i slept on the sidewalk for a couple of years during this project.

i ate in soup lines during this project.

i even ate out of trash cans a few times.

just a heads up...

this project of trading has absolutely nothing to do with a person's stability.

it has nothing to do with whether or not a person uses proper grammar in these stupd forums.

and it has not a #$^# thing to do with whether the #$% or not he uses clean language.

this game is about one thing.

do you know your dammed business, thats what this game is about.

period.

atm, the charts are in a position where i could take a position, but i would have to use a stoploss.

the charts that i play are in an semi-unpredictable state.

so i sit on the sidelines and wait.

yesterday, i closed a 21% position that consisted of two trades.

but i do not want to play 21% trades.

i do want to shoot for a target of approx 1.9% per month.




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zzzero

Mitglied seit Jan 26, 2011  1367 Beiträge zzzero Feb 24 2011 at 23:54
now, here is the interesting thing...

you all have seen how i challenged bruce margolese in this forum..

i called him a fraud.

well, he is now trading an fxmanager account at oanda.

i have the password to it.

i wont publicly say which trade he is on right now.

but i suppose that if you have allocated funds to his fxmanaged account, then you probably know what his trades are atm..

nevertheless, it is not my position to publicly state what his trades are, so i will not.

but, the interesting thing is, tho my numbers are in a semi-unpredictable state, my numbers say that he could go upside down in a very massive way.

but as i say, things are in a semi-unpredictable state atm, so he very well could take profit on his current trades.

now, if i am so sure that his trades might go upside down, why am i not playing in the other direction?

note that i used the word semi-unpredictable.

yes, i did.

when i enter, i want a position that is entirely predictable.

will keep you all updated.

zoom zoom/.




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