DislikedFor those of you learning to trade the euro - especially any young people - and all the anti antipodeans for that matter, stay long If you see a break above 975 then 993 then it's a done deal unless something cataclysmic till then keep buying the bs pull backs till the above fails Stop falling for all the bs here and other sources inevitably psyching yourselves outIgnored
How was I able to tell you the top of two days before it happening. Was it luck? I rounded for the purpose of the post and the actual print on my mt4 feed was exact 9747.
Can any of these badged traders do this and consistently? Truth is most of these people here day in day out aren't traders. Most of these forums are populated by retirees and there's nothing wrong with that in itself.
Trading is a young man's game. It's neither here nor there. You can't trade effectively if you risk appetite makes you think in dollars and are deathly afraid of losing your money. That's why so many here are actually trading tiny accounts with offshore brokers - there's a reason(s) to chose the bigger well capitalized instead and it's another thing people here don't know. The reasons are not what you may think.
You young people out there that want to make this real for yourselves. I will tell you it is possible and it's not for everyone in the same. I have associates still in the biz that can't do this. These are people that went to better schools, very intelligent good people and they are successful, but retail is not the same game. So how do you separate yourself from even them.
In the training period I was told not to go to these message boards, we did regardless (not here in particular) and it was always a laughing riot how these people bicker like old ladies in a sewing circle. We'd lurk in the very same boards we were trading. So maniacal especially during 2008. I still come here out of boredom mostly because it's like a freak show and it's hard to bear for long. This will upset people and I find that amusing somewhat and expect it's their nature. Cold I know.
Trading is not a social endeavor, why people feel the need to let whoever know that they "booked". For what? We don't need affirmations, followers or youtube views or what not. That's not legit. We don't need these borderline scams that you people labeled as prop firms when they are definitely not. That's a liability in the U.S. if you aren't registered as one and hold yourself out as such.
This is legit, there's a lot of critical thinking involved. And it definitely is a very lucrative lifestyle. The problems are different from what's here. That's why it's plain to see these people aren't real traders. There are some shocking stories of people losing a lot of other peoples' money here...that's pretty sobering.
So you YOUNG PEOPLE this can be real if you take the time and learn to develop yourselves. I'm not a retiree or close but I do think about the subject more and more. The spot markets need real talented people that can find their ways. All the markets do. If you're young you have time and hopefully the ability to grow risk capital - without being stupid. Coding - technology is big thing, but it isn't the answer either. Far from it sometimes.
If you are a bit more seasoned and you have a history/propensity of success especially in professional sports arena, you have an edge and will know how to develop in a way that separates you. Most of this type of people don't need to trading thought or even want it. So that's why I say it's a lifestyle. I wonder how many can say this here. That same formula you used that made you talented you'll find using it in trading. Trading is a performance sport in many ways.
It's not as easy as looking at a chart as mentioned there's a lot of critical thinking that can't be explained in a box of text in trading website.