Best single characteristic of a trader?
-Success
In the end that's all that matters.
-Success
In the end that's all that matters.
Which system is the best? Or which combinations of systems work the best? 46 replies
FX5_MACD: What is the characteristic of this indicator? 4 replies
How to explain this characteristic of a Broker? 8 replies
Trading platform with special characteristic 1 reply
Best Broker with Best Math Processor? 3 replies
DislikedIf you would have to choose between all of what you have learn about trading and be left with only one thing what would it be... MACD?... Fibonnaci... moving average... pivot points... RSI ...stochastic... trendlines...R:R ratio... Money Manegement...Fundamentals analisys...Technical analysis... price action...news report name it...or maybe something else who knows what is the more accurate information you need to know before making a trade decision to make it become a profitable decision.Ignored
DislikedYou are victom of a logical fallacy here. You say "to make it become profitable....." fella, YOU never make any trade profitable. It is a gamble from the time you click buy to the time you click sell.Ignored
DislikedThe ability to place a trade, and walk the hell away from it. Let it do it's thing.
Also, if you are stuck at home, a bit of skill in something like World Of Warcraft doesn't hurt either.....to keep you from messing with your trade!Ignored
DislikedThis must be about the 99th time I’ve posted this type of message.
It’s addressed to all of those well-meaning folk who believe that:
-- you can succeed in forex with MM and discipline alone
-- the system doesn’t matter; it’s all about the trader, his mindset, and his mastery of self
-- it’s possible to profit in the long term by using random entries
-- trading psychology books (like Mark Douglas'), and/or clichés posted on forums, tell you most of what you need to know
Consider this:
An EA will trade according to strict MM rules,...Ignored
DislikedThe ability to place a trade, and walk the hell away from it. Let it do it's thing.
Also, if you are stuck at home, a bit of skill in something like World Of Warcraft doesn't hurt either.....to keep you from messing with your trade!Ignored
DislikedThis must be about the 99th time I’ve posted this type of message.
It’s addressed to all of those well-meaning folk who believe that:
-- you can succeed in forex with MM and discipline alone
-- the system doesn’t matter; it’s all about the trader, his mindset, and his mastery of self
-- it’s possible to profit in the long term by using random entries
-- trading psychology books (like Mark Douglas'), and/or clichés posted on forums, tell you most of what you need to know
Consider this:
An EA will trade according to strict MM rules, and...Ignored
DislikedTotally agree with you. We think alike A little bit addition to that:Ignored
DislikedIn my post I was trying to explain why entries are more important - at least to me - than exits, MM and psychology. Hence I don’t understand why you say that you totally agree with me. It’s perfectly OK to disagree. We can still be friends.
“If making a good ENTRY is important (still almost impossible to get 100% accuracy) ... the proper EXIT much more important than that”.
I don’t think it’s possible to get 100% accuracy with exits, either.
[color=#0000ff][i]“In the end... the EXIT will determine how much we profit...Ignored
DislikedCheers mate [font=Comic Sans MS]Points taken.
As for me... still improvising the ENTRY skill. Yep... almost impossible to get 100% accuracy. At least the EFFICIENCY will help to get the good probability.
Tightening my discipline this year... only trade when there's good set up and good R&R ratio. No set up... no trade. Hence adequate SL and TP can be predetermined.
The EXIT I use manual TS (moving it according to S&R .. SBR... RBS). Always secured green pips once profit is growing.
A good Entry...Ignored