Does anyone know good sources to learn about economic indicators ?
share a system with a winning track record over many years 10 replies
to go long at undervalue or not yet overvalue? Which has a higher probability winning 1 reply
UK and US Retail Sales later 37 replies
Philly Fed later - trade or not to trade? 10 replies
A few months later :) 1 reply
DislikedDoes anyone know good sources to learn about economic indicators ?Ignored
Disliked{quote} Just learning about the indicators is not enough. You won't be able to trade off of them in isolation. You need to learn about central banks and sentiment to have a chance of successIgnored
Dislikedthe saddest part about this trading occupation is nobody is going to really teach you, unlike other profession--medicine , computer science etc. you have to learn the entire discipline from scratch and hopefully along the way- you find the key. in the beginning, it looks so simple and perhaps you get lucky and you think you are a genius and then the learning begins. its long hard lonely journey. meanwhile life passes you by. you got to marry, raise a family, buy a house, you can't live on hope, no GF, wife will tolerate this comatose occupation...Ignored
DislikedJust consider the amount of money Forex can theoretically pay you. It is more or less than what a doctor make? If is more? How many years it takes to become a physician? Forex turns 5 trillion each 24 hours, so the brightest minds are on it. You are fighting against those minds and their algos and supercomputers. They also have billions of dollars and inside information. So...... I think that in the light of just those few facts 8 years is not a big deal. What confuses things is that 99% of posters who claim gains here in FF are just lying.Ignored
Disliked{quote} you don't need to fight against the brightest minds, you just need to follow them.Ignored
Disliked{quote} Markets are intrinsically a fight. Brains, supercomputers, black boxes, algos etc are clashing against each other. The result is the market direction. If you can let it run when you are right , or most importantly CUT YOUR LOSSES when you are wrong ...........Ignored
Disliked{quote} I wouldn't class it as a fight, the professionals are not watching opponents when making trading decisions they are watching news flow which is the same for the algos (the ones that don't operate arbitrage strategies).Ignored
Disliked{quote} watch the video BILLION DOLLAR DAY on youtube. It will give you a glimpse on how the inter-bank market works behind the scenes.Ignored
Disliked{quote} I don't need to watch a youtube video, I have worked in the industry for the last 20 years and know how they trade.Ignored
Disliked{quote} In my opinion you don't sound like somebody with that many years in your belt. But I may be wrong Anyways carry on my friend !Ignored
Disliked{quote} Enlighten us, what does somebody with 20 years industry experience sound like?Ignored
Disliked{quote} LOL! Don't take it the wrong way my friend. It was just a opinion ...... My years of futile arguments over the net, specially here in FF are over carry on At the end of the day ( if you make money ) what is my opinion worth for?Ignored
Disliked{quote} I do not use stop losss and take profit. Could you please give me an advice. Is it right or wrong ? I do not believe in technical analysis so i mostly use fundamental analysisIgnored