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Trading Knowledge

  • #1
  • First Post: Edited Sep 26, 2017 11:47am Sep 21, 2017 1:12pm | Edited Sep 26, 2017 11:47am
"I love trading" lets make this the motto of the thread. It is dedicated to just increasing trading knowledge. Anything can be posted here from general idea's to methodology's. Upload any documents you found interesting to read. Any books or information that you feel would be fun or informative to know. Have a few pictures or other trading related educational material you think would be useful, share it.

I'll be trying to post some stuff weekly. Feel free to contribute and discuss anything.

3 Rules Of This Thread.
● Dont try and sell/promote anything, you will be removed.
● Anyone with a superiority-complex should just remove themselves now.
● We are all equal here and everyone must treat each other with respect.

Think about this idea. Im asking normal people not 'educational websites' or 'professional tutors' to share with us. Im asking normal people like me and you.

Please subscribe everyone
Why are you trading?
  • #2
  • Sep 21, 2017 1:16pm Sep 21, 2017 1:16pm
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Why are you trading?
  • #3
  • Sep 21, 2017 4:36pm Sep 21, 2017 4:36pm
Since there's a lot of material already on it, i'll just say price action.

Price action is important to know. By price action, I mean things like candlestick patterns, support/resistance, and supply/demand. I don't mean to say that I exclusively trade off of bare charts, but that the skill itself is invaluable. I'm still developing as a trader, and still have plenty to learn. I love my indicators. What I mean to pass on, is that you cannot trade off of indicators alone. You can, but doing so places limitations on the ability to trade. Naked trading is the foundation of (manual) trading.
An eternal student.
  • #4
  • Sep 21, 2017 5:25pm Sep 21, 2017 5:25pm
Quoting SoreLoser1
{image}
there are so many kinds of candlesticks available,for example Renko,HeikenAshi.MT4 simple candlesticks. which candles do you prefer and why?
  • #5
  • Sep 22, 2017 12:08am Sep 22, 2017 12:08am
Nice thread , SoreLoser !
Inasmuch as this is the Rookie Talk section , I think this is a useful book :
Attached File(s)
File Type: pdf Trading for Dummies.pdf   4.7 MB | 2,787 downloads
  • #6
  • Sep 22, 2017 2:57am Sep 22, 2017 2:57am
Quoting redoktober
Nice thread , SoreLoser ! Inasmuch as this is the Rookie Talk section , I think this is a useful book : {image}
Lol look at the downloads already looks like some people actualy realised basic trading education is important.
Jokes aside.. That book really is a gem one of my first reads I think. Thanks for sharing RedOk.

These were also part of my educational phase along with that book.
Attached File(s)
File Type: pdf The_Markets[1].pdf   371 KB | 17,881 downloads
File Type: pdf Forex_Course_&_Tutorial[1].pdf   671 KB | 7,861 downloads
Why are you trading?
  • #7
  • Sep 22, 2017 3:17am Sep 22, 2017 3:17am
Quoting T4Trade
{quote} there are so many kinds of candlesticks available,for example Renko,HeikenAshi.MT4 simple candlesticks. which candles do you prefer and why?
Never limit yourself thats my motto. I trade on normal candlestick charts and the reason why is probably that I feel I can read price better although its a personal preferance. I have developed other systems that I use and incorporate with Heiken-Ashi candles though. I dont have much experience with Renko and Range-Bar charts but this is what the thread is for. The following documents I found randomly on the web. Lets increase our knowledge
Attached File(s)
File Type: pdf Renko Charts.pdf   1.0 MB | 828 downloads
File Type: pdf Using The Heiken Ashi Technique.pdf   1,015 KB | 749 downloads
File Type: pdf Candlestick_Secrets[1].pdf   927 KB | 2,610 downloads
Why are you trading?
  • #8
  • Sep 22, 2017 4:16am Sep 22, 2017 4:16am
thank you so much,very good thread and we are always learning in our life but I think in trading ,playing with too many toys tends paralysis analysis.
  • #9
  • Sep 22, 2017 5:01am Sep 22, 2017 5:01am
Quoting T4Trade
{quote} there are so many kinds of candlesticks available,for example Renko,HeikenAshi.MT4 simple candlesticks. which candles do you prefer and why?
According to me, MT4 is more appropriate for all kinds of traders especially the new Forex traders.
  • #10
  • Sep 22, 2017 5:17am Sep 22, 2017 5:17am
So many sources are available right now in online to acquire trading knowledge , all are better but I think practicing trading is the best source to make sure good trading knowledge , demo account or micro we can use it for that. But I have seen by and large traders who are particularly armature ignore practicing.
  • #11
  • Sep 22, 2017 5:39am Sep 22, 2017 5:39am
A picture is worth a thousand words :
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  • #12
  • Sep 22, 2017 8:23pm Sep 22, 2017 8:23pm
Quoting JamesFaulkn
So many sources are available right now in online to acquire trading knowledge , all are better but I think practicing trading is the best source to make sure good trading knowledge , demo account or micro we can use it for that. But I have seen by and large traders who are particularly armature ignore practicing.
Thats true James but just think about my thread idea for the moment. Im asking normal people not "educational websites" or "professional tutors" to share or educate us. Im asking normal people like me and you. Think about how beneficial it would be if amateurs & professionals everyone just starts sharing some random knowledge and wisdom. I believe we would find some really good gems in this thread in the future dont you?
Why are you trading?
  • #13
  • Sep 22, 2017 8:45pm Sep 22, 2017 8:45pm
Quoting redoktober
A picture is worth a thousand words : {image} {image} {image} {image} {image} {image}
I also found some nice ones on pinterest but they dont have a lot. Where did you download those images from if I may ask buddy?
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Why are you trading?
  • #14
  • Sep 22, 2017 9:18pm Sep 22, 2017 9:18pm
Good decision and all the best! Hope, your contribution also help novice traders to learn Forex! I’ll follow your contributions so keenly! Thanks again for such as good decision.
  • #15
  • Sep 23, 2017 12:38am Sep 23, 2017 12:38am
Quoting SoreLoser1
{quote} I also found some nice ones on pinterest but they dont have a lot. Where did you download those images from if I may ask buddy? {image} {image} {image} {image}
Oh , they are part of my Forex toolbox , for many years. A little here and a little of there , on Web. All the best , my friend !
  • #16
  • Sep 23, 2017 7:03am Sep 23, 2017 7:03am
I love infographics like this. They present the information required in an easy, illustrated, accessible way. And the information is easier to remember, because you associate it with the picture it comes with.
  • #17
  • Sep 24, 2017 7:51am Sep 24, 2017 7:51am
Wow so many materials you guys are posting. Who has the time to read all of that. It all says what the others are saying.

In my opinion the chart is your friend. It holds so many secrets just like the vast ocean. But if you look closely you might just find your missing pearl in the sea of many candles.
The circled pattern repeats itself over and over and over again as many years you can think of.

Am sure there are so many other patterns as this out there. So look for it and find the consistency in them, find tune them to remove the noise and you will have yourself a strategy.

Thank you.
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  • #18
  • Sep 24, 2017 12:13pm Sep 24, 2017 12:13pm
Quoting kelvinonw
Wow so many materials you guys are posting. Who has the time to read all of that. It all says what the others are saying. In my opinion the chart is your friend. It holds so many secrets just like the vast ocean. But if you look closely you might just find your missing pearl in the sea of many candles. The circled pattern repeats itself over and over and over again as many years you can think of. Am sure there are so many other patterns as this out there. So look for it and find the consistency in them, find tune them to remove the noise and you...
Once again this is just a thread to increase trading knowledge if you dont read and understand the point of this thread do not post friend. We are not looking for systems or a strategy. This thread is solely for information.
Why are you trading?
  • #19
  • Sep 25, 2017 1:32am Sep 25, 2017 1:32am
I will atleast try to post something every sunday or monday guys.

So okay lets go.

I have always found interest in these two concepts. I will be posting and uploading some documents. Anyone atleast familiar with divergence and/or S&R? I think theres a secret to both of them anyone else think so too?
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Why are you trading?
  • #20
  • Sep 25, 2017 5:49am Sep 25, 2017 5:49am
A basic explanation of risk management in Forex trading. No matter what your trading strategy is, it is bound to run in a series of losing trades. If you do not control your exposure during them, you may end up with serious losses. And here is the principle which some beginners may not understand: The first step towards making money in the forex market, is to stop losing. Every newbie should have at least a passing understanding of risk management, I think.
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