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How to increase trading skills ?

PhamTranAssoc
Sep 30 2015 at 05:58
18 Posts
If you get desperate just start praying to the Forex gods!

PhamTranandAssociates@
Ari Goldman (arigoldman)
Oct 04 2015 at 11:27
907 Posts
PhamTranAssoc posted:
If you get desperate just start praying to the Forex gods!


Or don't, lol.

kayz (kayz08)
Oct 05 2015 at 16:53
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.
aa33030
Oct 11 2015 at 06:13
25 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

mhykeboie
Oct 12 2015 at 06:04
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?

Bob LLewellyn (ForexAssistant)
Oct 12 2015 at 15:54
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.
Ari Goldman (arigoldman)
Oct 12 2015 at 19:04
907 Posts
Interesting to read, thanks Bob. I still wouldn't trust a robot, though, lol.

Stephen Nelson (sbnelson2005)
Oct 13 2015 at 02:21
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.

zunk
Oct 16 2015 at 17:40
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

kieran (snapdragon1970)
Oct 20 2015 at 06:20
1945 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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