I read these on another forum, here these 2 stories are paraphrased and translated by me.
"Some time ago I have done this experiment (with parents consent). I taught his 10 year old son basic concepts of candle analysis and taught him the most common candlestick reverals patterns. I done this as an argument with his father who lives in the USA about that you don’t need to know more than the most basic MM and some candles, within 2month his son will be in pluses trading stocks. I have recommended that his son does not study ANY FA or TA. His father gave his son 10k. Guess what, after two month son’s account has risen by 50% by using a leverage of 1:1-1:2 on stocks while the father barely increased his account by 2%… Now father’s wife constantly bugs her husband “Even our 10 year old….?"
Another story.
“I trade on Forex almost 2 years with fluctuating success, maybe because I am analyzing too much. This thought was brought to me from my Wife from a very interesting situation…Half a year ago I was waiting for news to arrive. I read a ton of literature on FA, I analysed the trend through TA and my opinion of the future move was 80-90% certain. 5 Minutes remained till the news arrive. I was anxiously waiting while my wife was in the kitchen. I don’t remember why, but she came to me from behind and looked at the monitor. “Oh the price will go up right now” she said. I smiled politely and told her to go to the kitchen as this is trading, it is not for women’s mind. I was sure the price would go down. Many things can happen on Forex. I was wrong… Some time later the situation happened again. I again thought that this was coincidence, you know, beginners luck… But when this started to happen regularly, even when I was really sure about my prognosis, she was ALWAYS correct. … My wife likes to complain why I am not a millionaire yet…”
In other word, TA and FA can rest!
Any comments, suggestions?
"Some time ago I have done this experiment (with parents consent). I taught his 10 year old son basic concepts of candle analysis and taught him the most common candlestick reverals patterns. I done this as an argument with his father who lives in the USA about that you don’t need to know more than the most basic MM and some candles, within 2month his son will be in pluses trading stocks. I have recommended that his son does not study ANY FA or TA. His father gave his son 10k. Guess what, after two month son’s account has risen by 50% by using a leverage of 1:1-1:2 on stocks while the father barely increased his account by 2%… Now father’s wife constantly bugs her husband “Even our 10 year old….?"
Another story.
“I trade on Forex almost 2 years with fluctuating success, maybe because I am analyzing too much. This thought was brought to me from my Wife from a very interesting situation…Half a year ago I was waiting for news to arrive. I read a ton of literature on FA, I analysed the trend through TA and my opinion of the future move was 80-90% certain. 5 Minutes remained till the news arrive. I was anxiously waiting while my wife was in the kitchen. I don’t remember why, but she came to me from behind and looked at the monitor. “Oh the price will go up right now” she said. I smiled politely and told her to go to the kitchen as this is trading, it is not for women’s mind. I was sure the price would go down. Many things can happen on Forex. I was wrong… Some time later the situation happened again. I again thought that this was coincidence, you know, beginners luck… But when this started to happen regularly, even when I was really sure about my prognosis, she was ALWAYS correct. … My wife likes to complain why I am not a millionaire yet…”
In other word, TA and FA can rest!
Any comments, suggestions?
