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How to increase trading skills ?
Member Since Sep 06, 2013
137 posts
Sep 23, 2015 at 10:06
Member Since Sep 06, 2013
137 posts
garjus posted:
Fundamentals tell you what 'should' be happening...technicals tell you what 'is' happening!
Technicals show you what's happening, fundamentals tell you why it's happening
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Member Since Jun 28, 2011
465 posts
Member Since Oct 02, 2014
909 posts
forex_trader_275935
Member Since Sep 21, 2015
32 posts
Sep 23, 2015 at 20:46
Member Since Sep 21, 2015
32 posts
BenNathanFX posted:garjus posted:
Fundamentals tell you what 'should' be happening...technicals tell you what 'is' happening!
Technicals show you what's happening, fundamentals tell you why it's happening
Then that defeats the purpose of Fundamental analysis because all you end up doing is following the crowd 'after' the fact, rather than gaining some insight as to what might happen 'before' the fact. I don't need to know 'why' prices are rising in order to profit from a long position, but it would be very handy to know in advance. In its purest form, Fundamental analysis seeks to determine fair pricing given a set of influencing factors, i.e. wages growth, retail sales, inflation, and interest rates, which can be used to form a price model. If today's price is $1.00 and the Fundamentals say it should be $1.45, then I'm looking for a long position and I'll use Technical analysis to achieve that aim.
forex_trader_275935
Member Since Sep 21, 2015
32 posts
Member Since Jun 28, 2011
465 posts
Sep 24, 2015 at 05:02
Member Since Jun 28, 2011
465 posts
No one really know if the price is going to go up or down, or how far it will go before it reverses. No matter what indicators say or news release one hears, you are guessing that you will be right. Playing the odds so to speak. However, the split grid took over 3000 trades with no losses, except one for 8 cents when the power went out. No guesswork with that kind of a system, of course it only makes about 10% a year but families wanting to retire would like a rather steady 10% as long as it is fully automated. Traders want more so the split grid is usually overlooked by active traders. Well, you know, to each their own.
where research touches lives.
forex_trader_275935
Member Since Sep 21, 2015
32 posts
Sep 24, 2015 at 09:01
Member Since Sep 21, 2015
32 posts
ForexAssistant posted:
No one really know if the price is going to go up or down, or how far it will go before it reverses. No matter what indicators say or news release one hears, you are guessing that you will be right. Playing the odds so to speak. However, the split grid took over 3000 trades with no losses, except one for 8 cents when the power went out. No guesswork with that kind of a system, of course it only makes about 10% a year but families wanting to retire would like a rather steady 10% as long as it is fully automated. Traders want more so the split grid is usually overlooked by active traders. Well, you know, to each their own.
It can only ever be a probability, Bob, whether you apply Technicals, Fundamentals, a mathematical grid, or some combination of all methods.
Member Since May 20, 2011
724 posts
Member Since Feb 27, 2015
18 posts
Member Since Oct 02, 2014
909 posts
Oct 05, 2015 at 16:53
Member Since Jul 13, 2015
32 posts
It's already been said before but experience is the main way. Make sure every time you lose you note down why you lost and how you lost etc (in detail). This means next time you are in the same situation you change your plan.
I don't owe you pip, You don't owe me pip. Lets help each other.
Oct 11, 2015 at 06:13
Member Since Oct 04, 2015
26 posts
No matter how much you practice in demo, when trading live you react differently when you see the trades that you opened relative to the drawdown and instead of being calm and disciplined as you were while demo trading instead you start panicking and opening bad trades.
The best thing to do is to use a forex robot that has proven winning rates of 90% and above
The best thing to do is to use a forex robot that has proven winning rates of 90% and above
Oct 12, 2015 at 06:04
Member Since Oct 10, 2015
1 posts
aa33030 posted:
No matter how much you practice in demo, when trading live you react differently when you see the trades that you opened relative to the drawdown and instead of being calm and disciplined as you were while demo trading instead you start panicking and opening bad trades.
The best thing to do is to use a forex robot that has proven winning rates of 90% and above
Does this robot trading really survive?
by the time it is 90% proven the big banks change the type of manipulation tactics they program their robots, the robot you bought might be already obsolete, then you need to reprogram it....or buy another one?
Member Since Jun 28, 2011
465 posts
Oct 12, 2015 at 15:54
Member Since Jun 28, 2011
465 posts
the robot you bought might be already obsolete, then you need to reprogram it....or buy another one?
That's not exactly true, My one robot has been working well since 2008 but you may have to trade with a broker outside the US. The US government has ruined trading for US citizens at home. Even going off shore has become a pain for US traders but if you want to find gold you have to dig where the gold is and that means outside the US.
Trading is hard enough but trading in a manipulated market is financial suicide. The problem is that in the US, all markets are manipulated. I won't even buy stock in a company in the US. Once burnt, twice wary.
Bob
where research touches lives.
Member Since Oct 02, 2014
909 posts
Member Since Nov 01, 2011
41 posts
Oct 13, 2015 at 02:21
(edited Oct 13, 2015 at 02:23)
Member Since Nov 01, 2011
41 posts
It amazes me how many people agree that the Big Banks control the markets but refuse to LISTEN when they speak. It's VOLUME at LEVELS and how price reacts to that volume that tells you where the market SHOULD go. Took this trade tonight, see if you can tell me why.
Hit pause near the end. Sorry but this site having trouble uploading images tonight so I just went youtube route.
Hit pause near the end. Sorry but this site having trouble uploading images tonight so I just went youtube route.
Oct 16, 2015 at 17:40
Member Since Nov 06, 2013
1 posts
The picture doesn't show us any history otherwise my guess would've been Volume = Interest/Activity. Interest shown at levels with previous price activity.
Do you care to elaborate on Volume at levels?
I don't know if it's okay to post links to other forums on here or not, but forexfactory has an interesting thread on volume and price reacting at different levels. I've just started reading it...
Zunk
Do you care to elaborate on Volume at levels?
I don't know if it's okay to post links to other forums on here or not, but forexfactory has an interesting thread on volume and price reacting at different levels. I've just started reading it...
Zunk
Member Since Sep 12, 2015
1948 posts
Oct 20, 2015 at 06:20
Member Since Sep 12, 2015
1948 posts
rockiee posted:
hey , guys
how do you increase trading skills.
Options
Get an internship at a financial trading company,even if your stuck in the back office ,you will learn so fast the other side of what goes on,it will open your eyes,if you can't get in ,find an ex trader who is teaching and trading their own account,see evidence of returns.Watch them trading live,listen to them explain the setup.
You can spend years learning the hard way plus lose lots of money.
Be lucky!
"They mistook leverage with genius".
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