Is trading an art based on decision or system? | Forex Factory

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Is trading an art based on decision or system?

  • #1
  • First Post: Feb 5, 2018 3:48am Feb 5, 2018 3:48am
After 12 years looking at candlesticks and blowing up hard earn money. I marvel at my success in the 2013 and 2014 and 2018.

There isn't much changes to my system but I have learned to be selective and not be emotionally involved with the money at risk.

I am not so hard up at making tonnes of money but more focus on being anti fragile.

So my question to you are new and veteran traders. What's the one thing that sticks or change the way your bottomline has been holding out.

Is it decision making has become absolute or the system to enter and exit has become seasonal.

What is your take on decision making versus mechanical proprietary strategy?
You're going to pay a price for every bloody thing you do and don't do
  • #2
  • Feb 5, 2018 4:32am Feb 5, 2018 4:32am
Quoting newbietofx
After 12 years looking at candlesticks and blowing up hard earn money. I marvel at my success in the 2013 and 2014 and 2018. There isn't much changes to my system but I have learned to be selective and not be emotionally involved with the money at risk. I am not so hard up at making tonnes of money but more focus on being anti fragile. So my question to you are new and veteran traders. What's the one thing that sticks or change the way your bottomline has been holding out. Is it decision making has become absolute or the system to enter and exit...
Each maybe to his/her own. After you have put thousands of hours of screen time that you've experienced enough ticks, candles and patterns that they're engrained into your sub conscious when you see it form you immediately know if it's going to go up or down so on the on surface it may appear mechanical but truly you've learned to feel the flow - it's become second nature kind of like learning a new language, learning to play piano, learning to drive a car.

After some time you just do it without even thinking or analyzing, without a technique you can't play a decent melody on a piano to succeed you'll need a good technique but having acquired a top notch technique also doesn't make you a great pianist if it lacks emotion/uniqueness or your personal touch as in trading technique is essential but you just have learn to flow along with the groove at some point to truly make something out of it or to*make money*. It's a combination of science and art therefore can't be 100% mechanical or rigid.
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  • #3
  • Feb 5, 2018 4:54am Feb 5, 2018 4:54am
I'm in trading for just 2 months and can give 1 tip for newbies, just take it like a fun, no like a way to make money.
I lost $200 in 1st week.
Now not trying to get this money back, just having fun
  • #4
  • Feb 5, 2018 6:03am Feb 5, 2018 6:03am
On the one hand, I'm inclined to say that the well-established strategy-system can be used in the forex market. This system must be configured for certain currency pairs and include basic knowledge and be regarded as a standard.
However, the market can change behavior so that the system will stop working. Then, it is important to have enough experience in order to catch a new wave and move on, rather than using an outdated system. Even if the system works perfectly today, it does not mean that it will bring money tomorrow. We must evolve equally as market behavior changes.
Dont hurry in three situations: marriage, sex, trade.
  • #5
  • Last Post: Mar 20, 2018 4:58am Mar 20, 2018 4:58am
Quoting newbietofx
After 12 years looking at candlesticks and blowing up hard earn money. I marvel at my success in the 2013 and 2014 and 2018. There isn't much changes to my system but I have learned to be selective and not be emotionally involved with the money at risk. I am not so hard up at making tonnes of money but more focus on being anti fragile. So my question to you are new and veteran traders. What's the one thing that sticks or change the way your bottomline has been holding out. Is it decision making has become absolute or the system to enter and exit...
Trading is an art based on both decision and system. System tells you the current scenario. It's you who have to take the decision. And decisions are affected by your psychology. So basically trading is the combination of many things. We need to make a balance of everything.
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