To use chat, please login.
Back to contacts

I went through Forex forums today

vontogr (togr)
Feb 26 2016 at 07:47
4862 posts
and I found out that you should not listen to nobody. I mean 95% of traders are wrong so if you follow their advices you will be wrong too, right?
Do you agree?
Megabot
Feb 26 2016 at 11:13
22 posts
Very true! There is no alternative to THINK OF YOUR OWN.
But it is not wrong to get some inspration from others. If you hear advices like 'try this' or 'look at that system' or whatever you can try it, but you still have to be sceptical.
trendfollowers
Feb 26 2016 at 11:39
276 posts
I read that 98% wrong. So that still leaves us with the 2% that we can take advice from. I must say, in my experience, they are not very advice giving.
If you want to go fast, go alone. If you want to go far..Go together..
vontogr (togr)
Feb 26 2016 at 11:41
4862 posts
And furthermore you can find opposite advises like buy/sell the same pair :)
I believe in my own strategies and results based on backtesting and forward testing.
Its quite funny to see these screenshots with like 10 colours and 10 indicators.
Nobody can sucessfully trade like this
trendfollowers
Feb 26 2016 at 11:55
276 posts
Oh absolutely yes. Now and again if I have a pair that is not trading like it should, I consult other sources for confirmation of the direction of the currency pair. I have two sites that will at times give the exact opposite forecast. Thus I rely solely on my own ways of establishing direction and I am right most of the time. Also not a fan of indicators and colours. The more basic, the better. I believe that indicators will give you an excellent view of what happened, not really what is happening.
If you want to go fast, go alone. If you want to go far..Go together..
vontogr (togr)
Feb 26 2016 at 11:56
4862 posts
trendfollowers posted:
Oh absolutely yes. Now and again if I have a pair that is not trading like it should, I consult other sources for confirmation of the direction of the currency pair. I have two sites that will at times give the exact opposite forecast. Thus I rely solely on my own ways of establishing direction and I am right most of the time. Also not a fan of indicators and colours. The more basic, the better. I believe that indicators will give you an excellent view of what happened, not really what is happening.
Exactly as you wrote.
mlawson71
Feb 29 2016 at 09:55
1487 posts
I think it's always good to know someone else's opinion before making a decision, but ultimately a trader should form their own views and follow them rather than blindly listen to someone else.
trendfollowers
Feb 29 2016 at 11:36
276 posts
Oh yes.. The problem is finding a reliable source (usually paid)
otherwise you will just hear BUY/SELL simultaneously - rendering it a bit useless..
If you want to go fast, go alone. If you want to go far..Go together..
vontogr (togr)
Feb 29 2016 at 13:19
4862 posts
It is good to knowopinion
But it is necessary to trade according to your own plan
Please login to comment .