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How to increase trading skills ?
Feb 18, 2015 at 07:44
會員從Dec 12, 2014開始
109帖子
Hi there
As with every human endevour it takes about 10 000 hours of practice to become profficient.
For begginers demo demo trading. Swithing to live after about 5000 traders executed and demo account in profit.
Than after about another 2 years and another 5000 live trades you should be good.
That applies to the case that you want to trade manually, as you see fit based on marked condition.
You may also be that smart that you discover some edge very early on and keep doing it until perfect.
In that case it will take much shorter time.
Regards
M
As with every human endevour it takes about 10 000 hours of practice to become profficient.
For begginers demo demo trading. Swithing to live after about 5000 traders executed and demo account in profit.
Than after about another 2 years and another 5000 live trades you should be good.
That applies to the case that you want to trade manually, as you see fit based on marked condition.
You may also be that smart that you discover some edge very early on and keep doing it until perfect.
In that case it will take much shorter time.
Regards
M
Get investors and get paid 15 percent of theyr profits. More on my website.
會員從Sep 04, 2014開始
10帖子
Feb 19, 2015 at 07:26
會員從Sep 04, 2014開始
10帖子
1. Get a great coach and mentor who has been in the industry for a long time and knows what they are doing. Do everything they say and copy everything they do. Hopefully you find one who is willing to train you. I know of only one company here in Sydney offering anything close to professional training in an institutional trading environment. Msg me for details.
2. Work hard to learn everything you can and get right into the industry. Talk to traders, socialize with traders, go to the beach with traders.. make it your life. You become who you spend most of your time around.
3. Don't use ea's or robots unless they are proven in an institutional trading environment by people that have invested heavily in the technology I.e hedge fund traders. Good luck finding one of these! Your brain is much better than any ea.
4. Do something to increase your self control and discipline. Martial arts, go on a diet and stick to it, go to the gym and stick with it, military training, etc. You will know you have it when you can put on trades, change your trade direction anytime, and not trade when there is no opportunity, without thinking twice about it. With no emotional connection to an individual trade. Individual trades do not make the trader. It's the risk profile and account equity volatility that matters to investors.
Regards,
Shay
2. Work hard to learn everything you can and get right into the industry. Talk to traders, socialize with traders, go to the beach with traders.. make it your life. You become who you spend most of your time around.
3. Don't use ea's or robots unless they are proven in an institutional trading environment by people that have invested heavily in the technology I.e hedge fund traders. Good luck finding one of these! Your brain is much better than any ea.
4. Do something to increase your self control and discipline. Martial arts, go on a diet and stick to it, go to the gym and stick with it, military training, etc. You will know you have it when you can put on trades, change your trade direction anytime, and not trade when there is no opportunity, without thinking twice about it. With no emotional connection to an individual trade. Individual trades do not make the trader. It's the risk profile and account equity volatility that matters to investors.
Regards,
Shay
會員從Feb 26, 2015開始
13帖子
會員從Nov 21, 2011開始
1601帖子
會員從Aug 30, 2012開始
64帖子
Mar 02, 2015 at 06:39
會員從Aug 30, 2012開始
64帖子
Follow these 2 threads ......
https://www.myfxbook.com/community/experienced-traders/daily-trade-alerts-for-eurusd/889913,1
And
https://www.myfxbook.com/community/experienced-traders/eurusd/351341,1
you will find experts like myself and Crazytrader commenting on them often.
https://www.myfxbook.com/community/experienced-traders/daily-trade-alerts-for-eurusd/889913,1
And
https://www.myfxbook.com/community/experienced-traders/eurusd/351341,1
you will find experts like myself and Crazytrader commenting on them often.
LIKE MY TRADE ALERT POST! TRY IT FREE! NO SIGN UP! 100% FREE - w.w.w.ForexAlertSystem.c.o.m "CLICK ON BIG GREEN TRIAL BUTTON"
會員從Sep 09, 2014開始
49帖子
會員從Sep 06, 2013開始
145帖子
Mar 02, 2015 at 13:26
會員從Sep 06, 2013開始
145帖子
Forget patterns, forget "price action" , martingale... all that absolute nonsense, and just learn about fundamentals - once you learn them and see HOW they affect the market then start looking for technical ways to trade those fundamental moves...
Basically learn to INVEST and not GAMBLE....
Ever since I started trading on this principle I got to make a full time living from FX (from Fund Managing and Mentoring)
Good luck with it all.....
Oh and if you see a big move dont start looking at various patterns and S&R levels and start looking at stuff like R1 M1 etc etc - just look on Bloomberg or a news feed - youll start to see what is actually moving the markets and get a feel for investing...
Basically learn to INVEST and not GAMBLE....
Ever since I started trading on this principle I got to make a full time living from FX (from Fund Managing and Mentoring)
Good luck with it all.....
Oh and if you see a big move dont start looking at various patterns and S&R levels and start looking at stuff like R1 M1 etc etc - just look on Bloomberg or a news feed - youll start to see what is actually moving the markets and get a feel for investing...
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
Mar 02, 2015 at 14:47
會員從Aug 21, 2010開始
169帖子
BenNathanFTA posted:
Forget patterns, forget "price action" , martingale... all that absolute nonsense, and just learn about fundamentals - once you learn them and see HOW they affect the market then start looking for technical ways to trade those fundamental moves...
Basically learn to INVEST and not GAMBLE....
Ever since I started trading on this principle I got to make a full time living from FX (from Fund Managing and Mentoring)
Good luck with it all.....
Oh and if you see a big move dont start looking at various patterns and S&R levels and start looking at stuff like R1 M1 etc etc - just look on Bloomberg or a news feed - youll start to see what is actually moving the markets and get a feel for investing...
so we listen to manipulated news? and follow all their advices?
never had success with technical trading thats why its nonsense?
Plan your trades and trade your plans.

forex_trader_29148
會員從Feb 11, 2011開始
1768帖子
Mar 02, 2015 at 14:49
會員從Feb 11, 2011開始
1768帖子
tankbeta posted:BenNathanFTA posted:
Forget patterns, forget "price action" , martingale... all that absolute nonsense, and just learn about fundamentals - once you learn them and see HOW they affect the market then start looking for technical ways to trade those fundamental moves...
Basically learn to INVEST and not GAMBLE....
Ever since I started trading on this principle I got to make a full time living from FX (from Fund Managing and Mentoring)
Good luck with it all.....
Oh and if you see a big move dont start looking at various patterns and S&R levels and start looking at stuff like R1 M1 etc etc - just look on Bloomberg or a news feed - youll start to see what is actually moving the markets and get a feel for investing...
so we listen to manipulated news? and follow all their advices?
never had success with technical trading thats why its nonsense?
sound advice thanks
會員從Jan 22, 2015開始
57帖子
會員從Sep 06, 2013開始
145帖子
Mar 03, 2015 at 09:56
會員從Sep 06, 2013開始
145帖子
Very good advice there!
I would suggest you read "Trading in the Zone" - its an essential read for new traders.
Also - dont go in thinking you can make a living from a 20k account safely....
Something that most people wont tell you is that to make an actual living from trading safely with sustainable risk etc you need at least $100,000 in your account - if you cant get that, you may want to focus on just getting consistent and building a track record, even on a small account and from there getting into fund management....
One more read to suggest - and this one is how to actually get from where you are to making a living from fx is "How to Trade a Currency Fund" by Jarratt Davis......
I would suggest you read "Trading in the Zone" - its an essential read for new traders.
Also - dont go in thinking you can make a living from a 20k account safely....
Something that most people wont tell you is that to make an actual living from trading safely with sustainable risk etc you need at least $100,000 in your account - if you cant get that, you may want to focus on just getting consistent and building a track record, even on a small account and from there getting into fund management....
One more read to suggest - and this one is how to actually get from where you are to making a living from fx is "How to Trade a Currency Fund" by Jarratt Davis......
HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
會員從Jan 22, 2015開始
57帖子
會員從Feb 27, 2015開始
17帖子
會員從Jun 28, 2011開始
444帖子
Mar 09, 2015 at 15:15
會員從Jun 28, 2011開始
444帖子
All the advice given here is all about technical trading. There are other systems, but those that learned one way will always believe their way is the only way and will always recruit others to that method. Practice, learn from others, lose money while learning....
But let me ask, do you need to learn how to fix a car to drive one? Could you not drive to work or the store every day of your life without ever knowing how the car works? Systemic trading was designed for use by computers, a human could never trade that way himself without the computer. If you only wanted a trading system that just made money and couldn't give a rats ass about the prestige of being an experienced trader, why would you put in those 10,000 hours instead of just making money from the start?
When all the advice is to go right, then go left. Remember that all the technical trading advice came from a trading system that produces 80% failures. There are some traders that have paid the price and are really good at making money the hard way but they are only human still. What happens to your account if the trader that runs the PAMN account dies? What happens to your income if you get sick and can't trade the market? If you spend 10,000 hours learning a system, how do you diversify?
Never send a human to do a robots job.
What happens if the program dies? Get another copy. What if the operator gets sick and can't trade? The robot will handle it. How do you diversify? use multiple programs that differ from each other in some respect.
Professional athletes train every day for years to be able to compete with the superstars from other countries and be the best, but not one of those athletes can out run a simple bicycle much less a motorized one.
So the answer to your question comes down to determining what you want. Do you want to see yourself on the winners platform with a gold medal hung around your neck or are you interested only in the gold in your pocket? Technical trading was the past, systemic trading is the future, and today is the first day of the rest of your life. Your decisions today determine your tomorrows. Good luck with whatever you decide.
Bob
But let me ask, do you need to learn how to fix a car to drive one? Could you not drive to work or the store every day of your life without ever knowing how the car works? Systemic trading was designed for use by computers, a human could never trade that way himself without the computer. If you only wanted a trading system that just made money and couldn't give a rats ass about the prestige of being an experienced trader, why would you put in those 10,000 hours instead of just making money from the start?
When all the advice is to go right, then go left. Remember that all the technical trading advice came from a trading system that produces 80% failures. There are some traders that have paid the price and are really good at making money the hard way but they are only human still. What happens to your account if the trader that runs the PAMN account dies? What happens to your income if you get sick and can't trade the market? If you spend 10,000 hours learning a system, how do you diversify?
Never send a human to do a robots job.
What happens if the program dies? Get another copy. What if the operator gets sick and can't trade? The robot will handle it. How do you diversify? use multiple programs that differ from each other in some respect.
Professional athletes train every day for years to be able to compete with the superstars from other countries and be the best, but not one of those athletes can out run a simple bicycle much less a motorized one.
So the answer to your question comes down to determining what you want. Do you want to see yourself on the winners platform with a gold medal hung around your neck or are you interested only in the gold in your pocket? Technical trading was the past, systemic trading is the future, and today is the first day of the rest of your life. Your decisions today determine your tomorrows. Good luck with whatever you decide.
Bob
where research touches lives.
Sep 17, 2015 at 12:37
會員從Sep 11, 2015開始
7帖子
I could answer simply, trade and increase your skills :) Try to learn lessons from mistakes and not repeat them. I didn't hire any tutors or masters etc. And I'm sure that i saved lots of my money by this.Trading is not in your blood, but in your mind, so you can improve it.
Now or never, all or nothing

forex_trader_139412
會員從Jul 16, 2013開始
352帖子
Sep 17, 2015 at 14:58
(已編輯Sep 17, 2015 at 14:58)
會員從Jul 16, 2013開始
352帖子
Forex is influenced by 3 things : Technical, fundamental and trader sentiment. To succeed long term, you have to incorporate all three aspects. You cannot rely on one only.
The school of pipsology at babypips helped me increase trading skills.
The school of pipsology at babypips helped me increase trading skills.
會員從Jul 10, 2014開始
1114帖子

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