How about "Live" trading?

RPatell posted:

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.

Yes I was taught by them on a daily basis, that's the view of you know where.

snapdragon1970 posted:

RPatell posted:

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.

Yes I was taught by them on a daily basis.

Maybe one day you will open your own live trading channel teaching others. I wish you success!

RPatell posted:

snapdragon1970 posted:

RPatell posted:

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.

Yes I was taught by them on a daily basis.

Maybe one day you will open your own live trading channel teaching others. I wish you success!

Hedge Fund, teaching is difficult because not many have the patience , they want get rich quick.

ben08in posted:

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.

At a bank you go on risk with orders you don't even want , taking orders you know that are going to lose money ,its the commissions the bank depends on for taking the trade , win or lose , most of the time you are an opposite trade to make up for the loses on position the sales desk take.90% of your time is making prices 10% loading the trades into an algo and monitoring.

Surely I feel watching live videos can help beginners gain knowledge about forex. They can gain some very good trading techniques and also learn about various indicators which they can later use themselves while trading. Actually we can learn from their experiences. Also video tutorials can make traders confident about every step they take while trading.

Yes there are loads, just knowing which ones to watch, a lot of BS out there.
Lex van dam has a free 7 day trial.

snapdragon1970 posted:
Lex van dam has a free 7 day trial.

I heard about this guy Lex van dam many times already. Lots of positive feedbacks! I think he has a TV show or something... I will search for his videos online to find out more. Good that you mentioned it. 😄

If you are a novice trader it is best to start with a 1 - 2 instruments and observe how they are used by experienced traders use. Well, as mentioned above, watch educational lectures and Slid over the current market closely

Edward16 posted:
Surely I feel watching live videos can help beginners gain knowledge about forex. They can gain some very good trading techniques and also learn about various indicators which they can later use themselves while trading. Actually we can learn from their experiences. Also video tutorials can make traders confident about every step they take while trading.

yes , we can learn the basic from them. If the ppl is scammer, we ald learn the basic. ^^

Hedge Fund, teaching is difficult because not many have the patience , they want get rich quick.

hedge fund not suitable for private trader.

We need to be careful who we are watching and following and what is the motivation for the experienced trader to share and give such advices.

ed555009 posted:
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?

I recently started to engage in trading.
And even less time to deal in real money. But watching other traders who have more experience, I have yet to go out into the small profits and avoid losses.
It is also looking for people with whom you can work together and open broker firm in the future.

ben08in posted:
We need to be careful who we are watching and following and what is the motivation for the experienced trader to share and give such advices.

You mean some may lead you in wrong direction on purpose or what?

YaelGoldwasser posted:
I recently started to engage in trading.
And even less time to deal in real money. But watching other traders who have more experience, I have yet to go out into the small profits and avoid losses.
It is also looking for people with whom you can work together and open broker firm in the future.

Opening a brokerage firm is quite an ambitious goal for a novice trader but I suppose you mean in 5-10 years timeframe. Do you currently trade using a micro account with very small orders to test the waters of live trading? Watching webinars can help you a lot. Just google them or do a search on YouTube 😄

janettte posted:

YaelGoldwasser posted:
I recently started to engage in trading.
And even less time to deal in real money. But watching other traders who have more experience, I have yet to go out into the small profits and avoid losses.
It is also looking for people with whom you can work together and open broker firm in the future.

Opening a brokerage firm is quite an ambitious goal for a novice trader but I suppose you mean in 5-10 years timeframe. Do you currently trade using a micro account with very small orders to test the waters of live trading? Watching webinars can help you a lot. Just google them or do a search on YouTube 😄

Yes, I'm still a novice, but I have the means. and tighten to 5-10 years is too long. I was planning to find a possible Portner which would have been a richer experience, and with it come together. I want to do that in the next 6-12 months

Hi Yael,

I do not have deep experience but I would like to share. The most important fail is the quick rich schema and as a result short periods for analyzing. I have wasted months dealing with the noisy short terms. If you would like to become profitable go up to 4 hours. Do not forget money is hard earned so nobody will give it to you in minutes. If you believe you do not have enough capital try mini lot, even micro lot at the beginning until you become consistently profitable and right. Second, define a trading plan for yourself. When you will enter a trade, when you will take profit or accept lose and run away as stoploss. If you do not have one, you will certainly lose. Half of the game is technical the other half is phychological. Hence educate yourself not only technically also phychologically. Pay attention to your phychology as much as your indicators. I am an elliott wave practioner but I know that sticking to it blindly will draw down me. Hence watch the market carefully and be alerted everytime. Hope this generic comment help you draw your way. Cheers

hcakin posted:
Hi Yael,

I do not have deep experience but I would like to share. The most important fail is the quick rich schema and as a result short periods for analyzing. I have wasted months dealing with the noisy short terms. If you would like to become profitable go up to 4 hours. Do not forget money is hard earned so nobody will give it to you in minutes. If you believe you do not have enough capital try mini lot, even micro lot at the beginning until you become consistently profitable and right. Second, define a trading plan for yourself. When you will enter a trade, when you will take profit or accept lose and run away as stoploss. If you do not have one, you will certainly lose. Half of the game is technical the other half is phychological. Hence educate yourself not only technically also phychologically. Pay attention to your phychology as much as your indicators. I am an elliott wave practioner but I know that sticking to it blindly will draw down me. Hence watch the market carefully and be alerted everytime. Hope this generic comment help you draw your way. Cheers

hcakin, your post nice !

If have a like function, i sure will like it! ^^

I admitted that i always love 5 min time frame (TF) and forget the 4 hour TF. more nice isn't it, the 4 hours TF.
and must accept lose as if lose long streak , will affect us
Either which TA method you use , u love it then is ok. For me, TA not suitable for me so i more love price action + FA + simple TA like fibonacci .

I'm the same I have been on 5 min time frame for ages but recently I got back into using the 4 hour time frame. There are some really reliable trades that can be made on 4h/. The stops are a bit larger but so are the profits

hcakin posted:
Hi Yael,

I do not have deep experience but I would like to share. The most important fail is the quick rich schema and as a result short periods for analyzing. I have wasted months dealing with the noisy short terms. If you would like to become profitable go up to 4 hours. Do not forget money is hard earned so nobody will give it to you in minutes. If you believe you do not have enough capital try mini lot, even micro lot at the beginning until you become consistently profitable and right. Second, define a trading plan for yourself. When you will enter a trade, when you will take profit or accept lose and run away as stoploss. If you do not have one, you will certainly lose. Half of the game is technical the other half is phychological. Hence educate yourself not only technically also phychologically. Pay attention to your phychology as much as your indicators. I am an elliott wave practioner but I know that sticking to it blindly will draw down me. Hence watch the market carefully and be alerted everytime. Hope this generic comment help you draw your way. Cheers

Oh, this appreciation has served me.
Successes 😄

ed555009 posted:
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?

@ed555009
A. There are successful traders - these trades and not likely to spend their time preparing videos for newbies.
B. There are traders pretending to be successful - these will have time to prepare videos and try to sell you their product - subscription, books, more videos, trading rooms, system, etc...

So if you see such video most likely it is from guys who make not make money on trading but on selling stuff. So it wont help you.