Common excuses made by traders and why they are so dangerous

Recipe for successful traders.
Before starting to trade live account: Take an IQ test, lots of those on the WWW, but there are tougher sights than others, look them up and do them, very recommended, if you end up below the upper average, do not commit a cent of your hard earned money and stay with your day job. If you fail and still want to trade, study math lots of that on WWW also look up MIT math pages they have great courses including on youtube. Take your time to understand all the math from grade one to calculus or at least pre calculus courses, its difficult at startup but it will help you pass very difficult IQ tests and the test of life, math is what our brain is useful for to be confident in yourself and put you at ease in your every days activities. While you get comfortable with math open demo accounts and test your skills, the better you get at math, better will be your equity in your demo account.

Oh, by the way, keep a clean chart, stay away from those indicators, price action is your only friend, learn it, understand it, as it is yours only and it is a reflection of your understanding of the market.

Happy trading.

I wonder if you intend to trade Forex or solve maths? I Know many successful fx traders that are not mathematicians

Math is door to success, mathematicians are for formulas, math will help you understand, the walk you walk and trades you trade.
Happy Trading,

Math will never win over randomness and randomness is of an infinite quantity in forex. Try again.

Randomness is the lack of pattern or predictability in events. A random sequence of events, symbols or steps has no order and does not follow an intelligible pattern or combination.

Have you ever heard the expression: A taste of own medicine
Randomness can only compete with randomness. To understand what I'm saying takes more than 20000 hours in front of a tick chart. One day you will understand ... some won't live enough to understand.

I'm not God but just on another level.

There market is not random, it has an accurate pattern but it is not precise.

To say the market is random is just completely wrong.

Hy Tony, markets are not random, as you probably heard " the past repeats itself" and this is not random, quantum maths, paints it very clearly, so do fed interest rates, there is nothing random about it, if you study you'll understand it. Look at your charts, years behind and look forward from left on your chart than like the Brit say, " mind your right".
Cheers

To think something is random is only to admit you don't see its underlying causes. True randomness doesn't even exist, and can't be found - though many have tried. "Random Number Generators" are a good example of "mimicking" randomness, but aren't really random at all.

And a word about trading - it isn't about intelligence so much, but rather focus.

Many successful but not-so-bright business people are not impressively brilliant, but highly focused.

Markets are not random nor are they mathematical. they are markets and what constitutes price discovery has nothing to do with mathematics and saying to study math will not help you at all in trading profitability except being able to calculate risk figures in your head maybe. An economics degree is probably more useful or game theory. Or behavioural finance. Sure you want to be a quant and program then math is the way to go, but first understand markets is not math. It is a collective mindset of participants that of which can not be constituted as a formula. The meta game of global macro.

It's not this or that... It's what best suits your persona... For some its money management, for some its support-resistance, for some its moving average etc... No matter which works for you, as long as you are calm and disciplined.. You should do better than just fine...

Anybody wants to describe market? Why does anybody have to be so complicated, and not look at simpler question? How math relates to market is just a question for mathematicians, not for traders.

What traders need to develop is an attitude towards market and keep thing simple, but not simpler.

Bullish or bearish. Call or Put. Even a 6 years normal child can play Head or Tail game.

Its like any business. If you knew you were going to fail you wouldn't start the business. The great thing about FX is there is no sideway movement, you either win or you lose. Also it only takes a second to find out whether you have made money or lost . Not like in a business might take you years.
PRICE ACTION IS KING. Too much knowledge can be lethal.

what magnitude try to say I think is that u need to know some math not realy at a high level but u need it, before u start just to make a good mm sistem that suits u, u need math and understand that all the charts are made by ups and downs are made by math calculation so basicaly u need math and in forex from what I saw till now is about a cicle, even if a pair is pomped up or down in the end will always return to his real price

i think what magnitude is right,cause we in our life mostly use language and maths.we describe ,express etc.in fx we see, try to understand action,analyze and deside to put or call. every news comes with description and statistics.

I was mentored by a Ph.D in mathematics. he lost big time because he had an inflexible attitude. not to say math knowledge is a hindrance, I passed two years of college calculus, but do not use any of that knowledge in trading. trading and math are not the same thing.

What a BS article! The author probably didn't trade much on his own, and he has a good excuse for that:-)

My cat is highly focused, but he's a terrible trader. Last time he got on my keyboard he made me lose 30 pips before I found out and closed the trade.

20ema= math

you do not need to predict the fx market. Follow what you see. I'm a junior can't create a topic now

Predictions are for the witches, markets are ruled by speculation/sentiment, not by witches, or mathematics. If you dont know how to ride waves, you are doomed. You dont need to be an expert on maths, or passing very difficult IQ tests, thats ridiculous. To ride waves in markets you only need months and months of market observation to learn how to ride waves!! excuses we have them all the time in our lives for all our errors.