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How about "Live" trading?

YaelGoldwasser
Dec 12 2016 at 15:17
9 posts
ed555009 posted:
Hi folks.

I am a new forex trader with very limited experienced in just 1 year.

I am wondering, how many experienced traders would like to go live (like youtube or Facebook live) to share their concept and strategy in realtime?

And, if you are a new trader or struggling in trading forex, do you think that watching someone trading in live will help?


I recently started to engage in trading.
And even less time to deal in real money. But watching other traders who have more experience, I have yet to go out into the small profits and avoid losses.
It is also looking for people with whom you can work together and open broker firm in the future.

CarlosMZ (CarlosMZ)
Dec 12 2016 at 15:26
55 posts
ben08in posted:
We need to be careful who we are watching and following and what is the motivation for the experienced trader to share and give such advices.


You mean some may lead you in wrong direction on purpose or what?

janettte
Dec 13 2016 at 07:39
30 posts
YaelGoldwasser posted:
I recently started to engage in trading.
And even less time to deal in real money. But watching other traders who have more experience, I have yet to go out into the small profits and avoid losses.
It is also looking for people with whom you can work together and open broker firm in the future.


Opening a brokerage firm is quite an ambitious goal for a novice trader but I suppose you mean in 5-10 years timeframe. Do you currently trade using a micro account with very small orders to test the waters of live trading? Watching webinars can help you a lot. Just google them or do a search on YouTube 😄

YaelGoldwasser
Dec 13 2016 at 15:59
9 posts
janettte posted:
YaelGoldwasser posted:
I recently started to engage in trading.
And even less time to deal in real money. But watching other traders who have more experience, I have yet to go out into the small profits and avoid losses.
It is also looking for people with whom you can work together and open broker firm in the future.


Opening a brokerage firm is quite an ambitious goal for a novice trader but I suppose you mean in 5-10 years timeframe. Do you currently trade using a micro account with very small orders to test the waters of live trading? Watching webinars can help you a lot. Just google them or do a search on YouTube 😄


Yes, I'm still a novice, but I have the means. and tighten to 5-10 years is too long. I was planning to find a possible Portner which would have been a richer experience, and with it come together. I want to do that in the next 6-12 months

hcakin
Dec 14 2016 at 07:29
1 posts
Hi Yael,

I do not have deep experience but I would like to share. The most important fail is the quick rich schema and as a result short periods for analyzing. I have wasted months dealing with the noisy short terms. If you would like to become profitable go up to 4 hours. Do not forget money is hard earned so nobody will give it to you in minutes. If you believe you do not have enough capital try mini lot, even micro lot at the beginning until you become consistently profitable and right. Second, define a trading plan for yourself. When you will enter a trade, when you will take profit or accept lose and run away as stoploss. If you do not have one, you will certainly lose. Half of the game is technical the other half is phychological. Hence educate yourself not only technically also phychologically. Pay attention to your phychology as much as your indicators. I am an elliott wave practioner but I know that sticking to it blindly will draw down me. Hence watch the market carefully and be alerted everytime. Hope this generic comment help you draw your way. Cheers

terrate
Dec 14 2016 at 13:43
8 posts
hcakin posted:
Hi Yael,

I do not have deep experience but I would like to share. The most important fail is the quick rich schema and as a result short periods for analyzing. I have wasted months dealing with the noisy short terms. If you would like to become profitable go up to 4 hours. Do not forget money is hard earned so nobody will give it to you in minutes. If you believe you do not have enough capital try mini lot, even micro lot at the beginning until you become consistently profitable and right. Second, define a trading plan for yourself. When you will enter a trade, when you will take profit or accept lose and run away as stoploss. If you do not have one, you will certainly lose. Half of the game is technical the other half is phychological. Hence educate yourself not only technically also phychologically. Pay attention to your phychology as much as your indicators. I am an elliott wave practioner but I know that sticking to it blindly will draw down me. Hence watch the market carefully and be alerted everytime. Hope this generic comment help you draw your way. Cheers


hcakin, your post nice !

If have a like function, i sure will like it! ^^

I admitted that i always love 5 min time frame (TF) and forget the 4 hour TF. more nice isn't it, the 4 hours TF.
and must accept lose as if lose long streak , will affect us
Either which TA method you use , u love it then is ok. For me, TA not suitable for me so i more love price action + FA + simple TA like fibonacci .




Enjoy your Profit and Loss
PhilipGreek
Dec 15 2016 at 15:01
4 posts
I'm the same I have been on 5 min time frame for ages but recently I got back into using the 4 hour time frame. There are some really reliable trades that can be made on 4h/. The stops are a bit larger but so are the profits

naiza
Dec 16 2016 at 08:47
36 posts
hcakin posted:
Hi Yael,

I do not have deep experience but I would like to share. The most important fail is the quick rich schema and as a result short periods for analyzing. I have wasted months dealing with the noisy short terms. If you would like to become profitable go up to 4 hours. Do not forget money is hard earned so nobody will give it to you in minutes. If you believe you do not have enough capital try mini lot, even micro lot at the beginning until you become consistently profitable and right. Second, define a trading plan for yourself. When you will enter a trade, when you will take profit or accept lose and run away as stoploss. If you do not have one, you will certainly lose. Half of the game is technical the other half is phychological. Hence educate yourself not only technically also phychologically. Pay attention to your phychology as much as your indicators. I am an elliott wave practioner but I know that sticking to it blindly will draw down me. Hence watch the market carefully and be alerted everytime. Hope this generic comment help you draw your way. Cheers



Oh, this appreciation has served me.
Successes 😄

togr (togr)
Dec 16 2016 at 09:49
4862 posts
ed555009 posted:
Hi folks.

I am a new forex trader with very limited experienced in just 1 year.

I am wondering, how many experienced traders would like to go live (like youtube or Facebook live) to share their concept and strategy in realtime?

And, if you are a new trader or struggling in trading forex, do you think that watching someone trading in live will help?

@ed555009
A. There are successful traders - these trades and not likely to spend their time preparing videos for newbies.
B. There are traders pretending to be successful - these will have time to prepare videos and try to sell you their product - subscription, books, more videos, trading rooms, system, etc...

So if you see such video most likely it is from guys who make not make money on trading but on selling stuff. So it wont help you.

snapdragon1970 (snapdragon1970)
Dec 16 2016 at 16:32
1944 posts
togr posted:
ed555009 posted:
Hi folks.

I am a new forex trader with very limited experienced in just 1 year.

I am wondering, how many experienced traders would like to go live (like youtube or Facebook live) to share their concept and strategy in realtime?

And, if you are a new trader or struggling in trading forex, do you think that watching someone trading in live will help?

@ed555009
A. There are successful traders - these trades and not likely to spend their time preparing videos for newbies.
B. There are traders pretending to be successful - these will have time to prepare videos and try to sell you their product - subscription, books, more videos, trading rooms, system, etc...

So if you see such video most likely it is from guys who make not make money on trading but on selling stuff. So it wont help you.
All these things you talk about are extra revenue streams ,same as any business, how long does it take to make a video series and charge 3k+ for basic training ,live training via Facebook/Youtube is not the done thing by professional traders .Sitting beside a professional trader trade live is the fastest way to learn.

"They mistook leverage with genius".
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