Newbie in development

When do you actually start to REALLY understand that fibonacci, pivot points, drawing trendlines.... I've read a lot, and I've watched tutorials, and in theory I am familiar with this things... but there is like a gap between what I've read and the actual USING of this things... Does this mean that it is still too early to start trading, or are this things that you start using after you gain more experience?!
Thanks for your help everyone

Hi Nence,

What you have understood about those trading tools maybe can answer a 'What is it and how to use it' Questions abt those tools,
however the really important question that has to be asked abt those tools is: 'how is it helping me finding a HPT Signal'

HPT = High Probability Trade

There are thousands of trading tools out there but to find HPT you only need 3 items:
1. Trend
2. Support/Resistance
3. Momentum

HPT LONG SIGNAL is defined as: PA is in an UP TREND, then retrace and bounce off S/R, with strong MOMENTUM

Finding the indicators that YOU ARE COMFORTABLE WITH to define those 3 items are VERY HARD.
It is time and effort consuming as you need to try many indicators, back testing and forward testing.

I personally believe that the more popular the indicator the more valid it is (take your time to think about this).

and to answer your questions:
1. Yes it is too early for you to start trading a live account, but you can always use Demo Account for training.
2. Different people use different indicators, again, it is you yourself that has to find the indicators that you are comfortable with

Good luck with your journey, hope you will find what you are looking for

High Probability Trade = Experience = Fail Better = Fail More = Taking Risk = Taking Action = Small Capital = Demoing?

??? I do not get it David....
Pls kindly elaborate

High Probability Trade = Experience = Fail Better = Fail More = Taking Risk = Taking Action = Small Capital = Demoing?
Can you please explain better? because it sounds confusing.

I'm not a profitable trader but after 7 years of losing money I see pattern.

The issue is trading patterns takes more discipline and emotion than trading new ideas. So if you want high probability trades you need to accept boredom and patience.

The only thing that is separating you from spotting HPT is emotions. Control of your own emotions.

When you miss trades because of doubts you tend to be more aggressive taking a 1/2 would be HPT.

I think you guys read it the wrong way. It should be demoing first.

I'll stick to your advice.. I also found out some simple indicators that I can start using, so that I get used to those lines on the screen.. personally I don't think I'll be good in using all those indicators, I don't even know if I want to.. but I know I want to KNOW how to use them, I want to choose not to use them (but to know all about them)..hahah just kiddin'
Thanks for the help