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-   -   Desperate to learn a new strategy (https://www.forexfactory.com/showthread.php?t=552707)

nolimitz Aug 14, 2015 1:04pm | Post# 21

Thanks, guys! Not sure if I am able to work on my greed or money management I am too greedy
I have found good webinars and I am trying to learn through them. Hope it will work

vdubus Aug 14, 2015 2:19pm | Post# 22

40% money management / 40 % psychology / 10% price action / Strategy / 3 yrs of blood sweat & tears & you go & find yourself a webinar. Wish I thought of that

roughtrader Aug 14, 2015 2:45pm | Post# 23

Thanks, guys! Not sure if I am able to work on my greed or money management I am too greedy I have found good webinars and I am trying to learn through them. Hope it will work
you are going to have to if you want to become successful, there are no ways around it, no money management = doom.
you might as well send your money to charity then

nolimitz Aug 18, 2015 12:50pm | Post# 24

Yeah, I will definitely work on money management... At some point
For now I am using Tickmill Webinars and learn through them. I didn't expect them to be so useful, but they do help me. Of course, I have to watch them more than one time

Ese121 Aug 20, 2015 3:08am | Post# 25

Thanks, guys! Not sure if I am able to work on my greed or money management I am too greedy I have found good webinars and I am trying to learn through them. Hope it will work
My honest opinion,Work on the greed aspect as well as your money management,Do not aim for over 200 pips per trade and surely any institution/firm/individual without a good money management is likely to head to a failure

AshR Aug 20, 2015 9:47pm | Post# 26

You can't learn to trade overnight (I wish I could!) no matter how desperate you are.
You can start to learn about the market, and as your knowledge increases, you'll gain an edge, which will help you develop a strategy.
You can start with:

  1. basic money management, %risked, dd risk, etc
  2. support and resistance
  3. price action setups
  4. candlestick action
  5. fundamentals and how they influence the market

Once you've learned all these, you'll be on the right track, and maybe you can start demoing to learn in real time


ericnyamu Aug 23, 2015 3:42pm | Post# 27

i do believe trend spotting especially in higher time frames is get you 90% of the trading job done. like now eurousd is leaning on a sell.so any opportunity of selling you jump on it regardless of what you think or want to think


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