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More is not always better.
Member Since Jun 28, 2019
11 posts
Jan 15, 2020 at 14:51
it is so difficult to pull everything together though. I personally prefer to ONLY look at technical because I find it gives a clearer picture of markets
Jan 19, 2020 at 13:50
There is no need to rush anywhere in the market at all, it is just not necessary, especially if we are talking about forex, when your deal can be at least half a year in work. It is clear that you always want more and that the result does not keep you waiting. But if you are a normal trader with a clear understanding of your goals and capabilities, then you can cope with it.
Jan 22, 2020 at 09:52
There is no need for complicated charts and complex indicators in order to trade profitably.
Just look at the chart and see which direction the market is moving, and place your trade.
Set a stoploss to make sure you don't get margin called or wiped out by a massive news spike or similar event.
Trade small tickets, and then stack additional tickets into your trading basket as each previous one becomes profitable.
If it's a bad trade, close it, it's no big deal.
If it's a good trade, let it run, and stack additional trades into the basket as needed.
When the market turns direction, close your trades, collect your profits. Good job. You made some Pips.
If not, wait for next setup and try again.
Don't over trade, use effective risk management, and never trade more than you are willing to lose to the markets.
Just look at the chart and see which direction the market is moving, and place your trade.
Set a stoploss to make sure you don't get margin called or wiped out by a massive news spike or similar event.
Trade small tickets, and then stack additional tickets into your trading basket as each previous one becomes profitable.
If it's a bad trade, close it, it's no big deal.
If it's a good trade, let it run, and stack additional trades into the basket as needed.
When the market turns direction, close your trades, collect your profits. Good job. You made some Pips.
If not, wait for next setup and try again.
Don't over trade, use effective risk management, and never trade more than you are willing to lose to the markets.
If you want to be profitable, make profitable trades.
Jan 22, 2020 at 09:58
TeamNotreDame posted:
it is so difficult to pull everything together though. I personally prefer to ONLY look at technical because I find it gives a clearer picture of markets
If you're only looking at the technical data, you're missing a big part of the market data.
Pay attention to Technical Analysis, Fundamental Analysis, and overall market analysis.
Everyone trades differently of course.
If you want to be profitable, make profitable trades.
forex_trader_795593
Member Since Oct 09, 2019
32 posts
Jan 22, 2020 at 10:03
Quality over quantity!
Jan 22, 2020 at 11:08
fancydandy posted:
Quality over quantity!
Pick one:
1: Technical analysis only
2: Fundamental analysis and Technical Analysis
Which of these two items will produce a higher quality of data points for analysis?
In my opinion, It is better to operate with a complete view of the market rather than focusing only on technical analysis. Therefore I will pick option 2. In this instance, more IS better.
If you want to be profitable, make profitable trades.
Member Since Feb 22, 2011
4573 posts
Jan 22, 2020 at 11:40
ufotech posted:fancydandy posted:
Quality over quantity!
Pick one:
1: Technical analysis only
2: Fundamental analysis and Technical Analysis
Which of these two items will produce a higher quality of data points for analysis?
In my opinion, It is better to operate with a complete view of the market rather than focusing only on technical analysis. Therefore I will pick option 2. In this instance, more IS better.
While I like your comment and simplification of trading can you prove it is working as you do not share any account it seems you only have theoretical knowledge and no practise of trading
Jan 22, 2020 at 12:30
Sometimes too much information can be overwhelming and difficult to reconcile. This creates confusion and hesitation resulting in poor decisions. I would rather have 100% clarity on technical or fundamental than confusion. I am technical all the way
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