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Trustworthy trading system

  • #1
  • First Post: Dec 4, 2017 10:43pm Dec 4, 2017 10:43pm
The great, trustworthy trading system are tried, backtested and re-tried constantly to guarantee that they're creating a reliable win rate. Implying that you can actually know nothing and still turn a benefit in the event that you take after a decent framework letter by letter. There's a great deal of hacks, trick craftsmen and "advertisers turned forex traders" out there peddling charged trading frameworks, master consultant projects and programming that can probably profit for you.
  • #2
  • Dec 5, 2017 2:11am Dec 5, 2017 2:11am
Quoting Hugelee
The great, trustworthy trading system are tried, backtested and re-tried constantly to guarantee that they're creating a reliable win rate. Implying that you can actually know nothing and still turn a benefit in the event that you take after a decent framework letter by letter. There's a great deal of hacks, trick craftsmen and "advertisers turned forex traders" out there peddling charged trading frameworks, master consultant projects and programming that can probably profit for you.
Initially, I was profitable in my demo with a trading system, but when I tried in live then I lose all of my capital with the same system! I think traders need to work with sentimental analysis before investing their real money.
  • #3
  • Dec 5, 2017 2:31am Dec 5, 2017 2:31am
Quoting Hugelee
The great, trustworthy trading system are tried, backtested and re-tried constantly to guarantee that they're creating a reliable win rate. Implying that you can actually know nothing and still turn a benefit in the event that you take after a decent framework letter by letter. There's a great deal of hacks, trick craftsmen and "advertisers turned forex traders" out there peddling charged trading frameworks, master consultant projects and programming that can probably profit for you.
Quoting Majeeda
{quote} Initially, I was profitable in my demo with a trading system, but when I tried in live then I lose all of my capital with the same system! I think traders need to work with sentimental analysis before investing their real money.
I was wondering what is the most trustworthy trading system in FF that you guys believe it works or what system you guys using right now that you guys found in ff?
Follow your dream
  • #4
  • Dec 5, 2017 8:58am Dec 5, 2017 8:58am
Probably the best thing you can do in investing is understand Elliot wave theory. Then, watch anil mangal's videos on youtube. He isn't going to tell you how he exactly makes trades. He does tell you when you should get into a trade based on the chart though. You will learn how to read a chart and make an educated decision yourself.

Good risk/reward, money management will make or break you. Also, be patient and wait for a good set up. Don't just get into a trade now because you want to make money cus you are sitting at the computer now. That is how you will get into a ton of bad trades.
  • #5
  • Dec 6, 2017 6:06am Dec 6, 2017 6:06am
Charts are great. They show where price has found support and resistance in the past. You can see how supply and demand was played out. You can visually see where the sellers dried up and the bulls took charge of the situation (and vise versa). Ralph Nelson Elliot published his theory of market behavior in the book The Wave Principle in 1938.
Imagine being in the NYSE pits 80 years ago.

Now let's fast forward to 2018. Who are the market participants? Algorithms and Artificial Intelligence. Certain markets start trading at certain times during the day, and they are all interconnected through arbitrage algorithms.
Now take a step back, take a deep breath, and ask yourself how you can take advantage of this situation.
  • #6
  • Last Post: Dec 6, 2017 6:17am Dec 6, 2017 6:17am
Quoting Majeeda
{quote} Initially, I was profitable in my demo with a trading system, but when I tried in live then I lose all of my capital with the same system! I think traders need to work with sentimental analysis before investing their real money.
This is very common actually! By the way, may I know about your demo period? I mean, how many moths did you practiced your demo?
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