Tips and tricks!

Something to enjoy over the weekend, David really knows his stuff.

Not all that glitters is gold. This is a very popular saying and it certainly remains applicable even in the currency market, wherever there are people with intentions to invest and double their capital, there is another group that wants to earn that same money in an easier and infamous way, Therefore there will always be those who seek the way to sow some scam by offering you juicy offers not to be missed.

This can be a double-edged sword, sometimes an impulse may be opportune and make you earn money, but in the vast majority of cases these impulses lead you to make hasty investments without analyzing risk factors and lead to Money, you should consider that forex is not a lottery, there are strategies, calculations and formulas that can help you to guarantee your offers in a large margin of possibility of success, but if you let your impulses make the decisions for you may The results are not quite good.

Synchronize your temporalities. If you use two different timings, one to determine the trend and the other to open trades, make sure they show the same signals. That way, you will not go wrong in the calculations you make in different periods of time. For example, if the weekly chart shows a bullish trend, but the 1-day chart points out that prices fall, wait for both timings to show the same behavior to perform your trades.

Started running a Demo account just for fun mixing FX and Stocks a month ago, 45% up so far, testing the same methods now on Live.

Trade tip, its a book tip actually,I read 7 years ago when I first started trading ,its still available on amazon :Trump Never Give Up.

ZanderE posted:
Hey Kieran, I would take you up on that offer.

snapdragon1970 posted:
There are lots of good free info out there, if anyone wants links let me know.

Did you get the links I sent.

This is the story of Walter Peters.

Here Adam explains the casino edge

snapdragon1970 posted:
Here Adam explains the casino edge

Treating trading like a gambling is not right.
Gambling is based on luck.
Trading is based on your analysis, trading strategy and maybe feeling.

I don't know how many times I heard people saying that, of course it is gambling every time you place a trade you don't know its direction for sure, every professional trader I've ever worked along side knows it, all you can do is try to tip odds in your favour even then you might have 1% advantage.

snapdragon1970 posted:
I don't know how many times I heard people saying that, of course it is gambling every time you place a trade you don't know its direction for sure, every professional trader I've ever worked along side knows it, all you can do is try to tip odds in your favour even then you might have 1% advantage.

We never know the direction the market will take with 100% certainty though. Through proper analysis we can tell what direction is probable, but there's no certainty.

Trading is all about probabilities. If I get the direction right 55% of the time then I am a happy man!

ToryBiggins posted:
Trading is all about probabilities. If I get the direction right 55% of the time then I am a happy man!

I don't know whether I'd be happy, but I'd definitely be content, I think.

Anton Kreil has a new video on yt if you need the link Ill post it, worth watching.

Some tips everyone posted on this topic, been awhile since it was updated

Trade an hour after London open on Euro pairs.

snapdragon1970 posted:
Some tips everyone posted on this topic, been awhile since it was updated

Trade an hour after London open on Euro pairs.

That's a good tip and I agree - usually the first hour is either too volatile or not nearly volatile enough.

Yes its common for banks and institutions to test for reactions at the open, then things begin to settle as a better picture is formed of what others are doing.

There are many trading techniques in Forex trading that we actually choose according to our trading understanding. I think on order to me from all trading strategies scalping is mainly considered as a most usable and profitable trading policy that brings profit in a short time. But despite of a profitable trading policy scalping cannot use in a regulated trading broker practically.