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How about "Live" trading?

ed555009
Nov 02 2016 at 08:12
4 Posts
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?

Raj (RPatell)
Nov 02 2016 at 10:51
64 Posts
As far as I know, there are famous traders that maintain their own trading rooms and in live the followers can copy their trades. Have you searched for live trading webinars as well? Maybe there are streams on YouTube. For Facebook I am not sure.

mlawson71
Nov 02 2016 at 11:14
1487 Posts
I am sure there are plenty of people streaming live on Youtube, but I haven't heard about it being done on Facebook either.

Baldo (BaldoN)
Nov 02 2016 at 12:54
522 Posts
Dude I want to see that one too. Basically winning traders are very few and they don’t bother doing webinars or videos how to trade. This is mostly done by not winning ones or just making a few pips here and there and there is not much you can learn from them except the basics. Something other though is , that finding a good mentor is always good. I’be watchin this thread just like you maybe some goodhearted money manager would start sharing his trading methods with us so we can take a piece of the pie too.

Janeo
Nov 02 2016 at 14:36
18 Posts
I am also a newbie to trading and I think getting live performance of experienced traders would help. We will learn something out of their experiences wither good/bad. Being a beginner it can help me in learning which indicators to use and if market reacted in favor/against me, what should be my decision looking at the performance of experienced traders.

ed555009
Nov 02 2016 at 14:39
4 Posts
RPatell posted:
Have you searched for live trading webinars as well? Maybe there are streams on YouTube.


Yes I have seen some videos teach trading technique, but live streaming, no.

ed555009
Nov 02 2016 at 14:41
4 Posts
BaldoN posted:
Dude I want to see that one too. Basically winning traders are very few and they don’t bother doing webinars or videos how to trade. This is mostly done by not winning ones or just making a few pips here and there and there is not much you can learn from them except the basics. Something other though is , that finding a good mentor is always good. I’be watchin this thread just like you maybe some goodhearted money manager would start sharing his trading methods with us so we can take a piece of the pie too.


Maybe that's the point, rare people keep winning, and it's not easy to learn from watching them trade.

kieran (snapdragon1970)
Nov 02 2016 at 16:51
1945 Posts
I try to make time to put up my trades on my posts,all trades are Live,I put my entry point ,closing point, reason why I'm doing the trade.One good tip for beginners is to specialise in one product eg. EUR/USD until you get familiar with its behaviour.Sometimes I do trade stocks if I see a good price.

"They mistook leverage with genius".
Tiffany (TiffanyK)
Nov 03 2016 at 07:29
427 Posts
BaldoN posted:
Dude I want to see that one too. Basically winning traders are very few and they don’t bother doing webinars or videos how to trade. This is mostly done by not winning ones or just making a few pips here and there and there is not much you can learn from them except the basics. Something other though is , that finding a good mentor is always good. I’be watchin this thread just like you maybe some goodhearted money manager would start sharing his trading methods with us so we can take a piece of the pie too.


If someone is really performing well and winning, I don’t think they will be “goodhearted” as you mentioned and just show the easy path to the newbies. Maybe those people are selling their strategy to other traders or giving some kind of paid lectures. But yeah .. if someone wants to share this on live stream – I think a lot of people will be interested in following :)

Accept the loss as experience
LLewis
Nov 03 2016 at 07:31
35 Posts
If there will be a live stream for copy trading, it should be a paid one for sure. Otherwise what would be the point for the successful trader to share ideas just like that? There is a reason to be called a pro trader 😄 - you earn from your expertise. Webnars will cover just the basics, I agree with the comments in this regard.

Once a trader, always a trader!
Ben (ben08in)
Nov 03 2016 at 15:33
47 Posts
Just want to add that experience does not come with time but with actual analysis of what has happened to you. So you say that you are just trading for 1 year but for some this may mean a lot. I mean - don't judge just by the number of years 😉 Wish you good luck in finding the best trading mentors that help can you grow!

Trade fast, learn fast, never regret!
Baldo (BaldoN)
Nov 03 2016 at 15:36
522 Posts
There is one more thing though which is a kind of a paradox. If let’s say a pro trader shares his trades and how to trade and we all start opening the same positions the more we get the more profit we earn. In theory this should even move the price more in our direction as we fuel it up , but in reality this is not the case. This is one of the reasons why pro traders stay hidden as they work for big companies and move big volumes in this zero sum game where the ones who hold the big money hold the big profits and we the retail traders are the small fishes with the big dreams where the money have to be taken from.

kieran (snapdragon1970)
Nov 03 2016 at 17:05
1945 Posts
You have to be able to generate your own ideas, not copy other traders, otherwise you learn nothing. There is plenty of money in the pot even for retail traders, we have some advantages too that the big players don't have.The big players are only interested in picking off other big players not some retail accounts,if the move happens to be near a certain level and retail gets hit,its not because it was the intention of big players to pick off small retail accounts.

"They mistook leverage with genius".
ed555009
Nov 11 2016 at 09:00
4 Posts
BaldoN posted:
There is one more thing though which is a kind of a paradox. If let’s say a pro trader shares his trades and how to trade and we all start opening the same positions the more we get the more profit we earn. In theory this should even move the price more in our direction as we fuel it up , but in reality this is not the case. This is one of the reasons why pro traders stay hidden as they work for big companies and move big volumes in this zero sum game where the ones who hold the big money hold the big profits and we the retail traders are the small fishes with the big dreams where the money have to be taken from.


Agree.

Carlos (CarlosMZ)
Nov 13 2016 at 07:59
55 Posts
In my region I don't see that live trading events are very popular. I heard that this is done more often in Western Europe. Maybe also a matter of mentality. Live copy trading to me is similar to giving your money to a money manager but just that you do the trades yourself 😄

Duncan (holdend)
Nov 22 2016 at 11:22
41 Posts
I think most of the successful traders that teach others how to trade via such live trading rooms become sooner or later IB of a broker. So this could be a good source to get some discounts or rebates 😄

Ben (ben08in)
Nov 23 2016 at 12:26
47 Posts
snapdragon1970 posted:
You have to be able to generate your own ideas, not copy other traders, otherwise you learn nothing. There is plenty of money in the pot even for retail traders, we have some advantages too that the big players don't have.The big players are only interested in picking off other big players not some retail accounts,if the move happens to be near a certain level and retail gets hit,its not because it was the intention of big players to pick off small retail accounts.


What are the main advantages of small retail traders against the big players you are referring to? You made a good point and I am interested to learn more about your opinion.

Trade fast, learn fast, never regret!
Raj (RPatell)
Nov 24 2016 at 12:30
64 Posts
snapdragon1970 posted:
I try to make time to put up my trades on my posts,all trades are Live,I put my entry point ,closing point, reason why I'm doing the trade.One good tip for beginners is to specialise in one product eg. EUR/USD until you get familiar with its behaviour.Sometimes I do trade stocks if I see a good price.


This a very reasonable choice - to focus on a particular instrument. But it has to backed up with patience to learn. 😄

kieran (snapdragon1970)
Nov 24 2016 at 13:17
1945 Posts
RPatell posted:
snapdragon1970 posted:
I try to make time to put up my trades on my posts,all trades are Live,I put my entry point ,closing point, reason why I'm doing the trade.One good tip for beginners is to specialise in one product eg. EUR/USD until you get familiar with its behaviour.Sometimes I do trade stocks if I see a good price.


This a very reasonable choice - to focus on a particular instrument. But it has to backed up with patience to learn. 😄


Plus knowledge of how and why the big players trade the way they do , loads of info online or get on a course with an ex banker/trader, an inside picture of the mechanics will give you a fighting chance.

"They mistook leverage with genius".
Raj (RPatell)
Nov 24 2016 at 13:21
64 Posts
snapdragon1970 posted:
RPatell posted:
snapdragon1970 posted:
I try to make time to put up my trades on my posts,all trades are Live,I put my entry point ,closing point, reason why I'm doing the trade.One good tip for beginners is to specialise in one product eg. EUR/USD until you get familiar with its behaviour.Sometimes I do trade stocks if I see a good price.


This a very reasonable choice - to focus on a particular instrument. But it has to backed up with patience to learn. 😄


Plus knowledge of how and why the big players trade the way they do , loads of info online or get on a course with an ex banker/trader, an inside picture of the mechanics will give you a fighting chance.


Yes, very well said! Learning from the best! I guess you know personally such pros from the institutional side which is good.

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