Hi,
i am basically starting this thread after leaving forex factory for a few weeks to focus on my own trading.
The point of the thread is to help traders new and old understand an edge in the market.
Unfortunately too many new traders fall into a trap and lose all there savings before they actually understand. The market is manipulated and if you understand how you can use it to your advantage.
Thanks To George AUS/ Andy moodybot and Steve Bluesteele. My trading changed for the better. And since meeting these guys i myself haven’t lost a days trading in months.
What i I would like to do is go to the very basis from day one when you first decide to trade. I hope this thread helps people who want to learn and become profitable.
Over the coming months I will post trade examples and many other things while not giving away my full system but allowing people to use there own brains to create an Edge as I have. Along with George Andy as Steve who all have made there own edge.
Following someone by the letter won’t get you there.
But there are basics you can put in place to set you off on the right foot.
so.....
first point is there are no rules everyone is entitled to an opinion. Everyone to treat each other with respect and maybe we can all learn something from each other.
Here goes.
Topic
Before you start to trade.
Firstly you should ask yourself. Why am I trading.
I the the answer is to get rich quick or because you are in debt. Then trade on the side in demo before you quit a job. I’m order to be successful you must have a steady income for 6-12 months.
I personally have been full time for 1 year now. But part time for 7 years. Over that time I learnt a lot about trading and managed to pass my business management experience into trading which is key.
You must give trading the respect it deserves. Yes there is big money to be made but on the other side there is big money to be lost.
I feel the above is a goos starting point.
Next topic to come tomorrow.
Which will be. How do I begin to trade, where do I start.
i am basically starting this thread after leaving forex factory for a few weeks to focus on my own trading.
The point of the thread is to help traders new and old understand an edge in the market.
Unfortunately too many new traders fall into a trap and lose all there savings before they actually understand. The market is manipulated and if you understand how you can use it to your advantage.
Thanks To George AUS/ Andy moodybot and Steve Bluesteele. My trading changed for the better. And since meeting these guys i myself haven’t lost a days trading in months.
What i I would like to do is go to the very basis from day one when you first decide to trade. I hope this thread helps people who want to learn and become profitable.
Over the coming months I will post trade examples and many other things while not giving away my full system but allowing people to use there own brains to create an Edge as I have. Along with George Andy as Steve who all have made there own edge.
Following someone by the letter won’t get you there.
But there are basics you can put in place to set you off on the right foot.
so.....
first point is there are no rules everyone is entitled to an opinion. Everyone to treat each other with respect and maybe we can all learn something from each other.
Here goes.
Topic
Before you start to trade.
Firstly you should ask yourself. Why am I trading.
I the the answer is to get rich quick or because you are in debt. Then trade on the side in demo before you quit a job. I’m order to be successful you must have a steady income for 6-12 months.
I personally have been full time for 1 year now. But part time for 7 years. Over that time I learnt a lot about trading and managed to pass my business management experience into trading which is key.
You must give trading the respect it deserves. Yes there is big money to be made but on the other side there is big money to be lost.
I feel the above is a goos starting point.
Next topic to come tomorrow.
Which will be. How do I begin to trade, where do I start.