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Whats the Best Education Around??

FXtrader2010
Aug 11 2016 at 13:45
724 posts
orderflowtrading.com teaches you things on actually how to become a trader not just stupid TA bs that every losers online spits out. A lot has changed since and I don't know if he still has any copies of his book but that is one of the best gems I ever bought. taught me how market actually works and what goes on behind the scenes.
PS this is no way to promote any material or advertise any products, I am just speaking from my personal experience and opinion.

rob559
Aug 11 2016 at 21:49
1916 posts
yes looking great

Robin Pike (robinpike)
Aug 12 2016 at 06:59
5 posts
AlGauthier posted:
If you already have a lot of knowledge, but you still feel insecure, maybe you should try to improve yourself with a Demo account. This way you will not lose any real money, but you can create the perfect strategy to make you feel comfortable. I hope this helps you out.


Thanks Al, I completely understand what you are saying but I have started with a live account from day one. The main reason is because I read a lot about how people starting with a demo account, getting comfortable with winning and then crashing quickly once they were in their live account. I think a demo account is great to work with a new strategy to see what works best but not to do regular trading in... gives false hope! I really do appreciate your feedback though!! :-)
Robin

Failing Forward is The Way to Success
Robin Pike (robinpike)
Aug 12 2016 at 06:59
5 posts

3.)In your post you say your goal is to earn a living doing this. I hope and pray you do but it will not happen in a few months. It will take several years of patience and learning and commitment to the craft of this. All gamblers lose in this game, period. This is a business and must be respected as such. Not saying you don't respect this, just saying that it's a dead serious understanding and commitment to achieve this. Most people I know who do well in this earn a great living doing something normal and they can afford to risk on their account and sleep fine at night because they are fueled with capital backing them.


I definitely realize this won't happen in a few months to make a living ... and I also understand it may take a few years to get to that point. I am fine with that as I plan on doing this for many years and look forward to seeing the progression as the years go by.


You don't need 'education' as you probably know as much as the basic beginner. You need patience. Think of trading like hunting an animal. You don't take a shot everytime you go to the woods. You have to watch every day and then strike when the opp hits.


This is exactly true... patience has been a problem in my life in general and I am definitely learning this skill each and every day!! I believe it is the key to becoming successful in trading!!

5.) Finally, stay humble and coachable. Consider this your golf game. You're not competing against anyone except yourself.
I am definitely coachable and would love to find someone that is looking for someone to take under their wing! I know that is wishful thinking... but wishing is a good thing! ;-)

I hope these tips have helped. P.S. Don't get caught up doing 50 pip stops etc... Brokers blow right through them. You have no choice but 150+ pip stops if using a daily chart. I would never use a smaller time frame because volume is not readily available which will spike the chart and instantly stop you out.


One thing that I am in the process of changing is moving from smaller time frames. I am now seeing it isn't the right style for me. And Yes, all of your advice has been very helpful and I truly appreciate it.

Robin

Failing Forward is The Way to Success
Robin Pike (robinpike)
Aug 12 2016 at 07:00
5 posts
Clert posted:
I could advise not to stick to trading manuals and old video tutorials. market is always changed. And also stay away from binary options.


Binary options is where I started and got scammed for more money than I care to admit... thanks for your advice!

Failing Forward is The Way to Success
mlawson71
Aug 16 2016 at 08:41
1487 posts
robinpike posted:
Clert posted:
I could advise not to stick to trading manuals and old video tutorials. market is always changed. And also stay away from binary options.


Binary options is where I started and got scammed for more money than I care to admit... thanks for your advice!


I wouldn't touch binary options with a ten-foot pole. It's full of unregulated brokers - if they can be called brokers and not outright scammers, though the latter term is more suitable anyway. Even ESMA issued a warning about them and their shady practices (https://smnweekly.com/2016/07/26/esma-cfds-forex-binaries-risky-speculative-high-risk-loss/) - like cold calling and luring gullible people to “invest” their life savings, promising easy profits. If a person's interested in trading it's best to work with a well-regulated, licensed broker they've researched extensively before investing in them.

Remaux (Clert)
Aug 18 2016 at 08:26
20 posts


Binary options is where I started and got scammed for more money than I care to admit... thanks for your advice!

You are welcome. The specificity of binaries itself is as for me an obvious gambling with enticement. Quite a smart trap for newbies who came to trading for conquering riches. Truly hope you did not get scammed with too much funds.

Ben (ben08in)
Oct 26 2016 at 14:32
47 posts
There was a comment about the micro-lot account that makes perfect sense to me for any beginner. When it comes to the timeframes, it really depends on your strategy and style. I would suggest to avoid news trading.

Trade fast, learn fast, never regret!
Alexandre (AlGauthier)
Oct 27 2016 at 06:57
35 posts
robinpike posted:
AlGauthier posted:
If you already have a lot of knowledge, but you still feel insecure, maybe you should try to improve yourself with a Demo account. This way you will not lose any real money, but you can create the perfect strategy to make you feel comfortable. I hope this helps you out.


Thanks Al, I completely understand what you are saying but I have started with a live account from day one. The main reason is because I read a lot about how people starting with a demo account, getting comfortable with winning and then crashing quickly once they were in their live account. I think a demo account is great to work with a new strategy to see what works best but not to do regular trading in... gives false hope! I really do appreciate your feedback though!! :-)
Robin


I see you are a passionate trader and I wish you success in long-term!

Clive (CliveCampbell)
Oct 27 2016 at 12:49
47 posts
What is the best education ? Honestly - Time! The longer you spend on searching and practicing the better you will become! World was not build in 7 days, neither did the good trader become one in small time.

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