System sellers don't make money trading. Why would they sell a winning system
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I have the same opinion! On the other hand, according to my own experience- there is no way to rely on any copy-paste formula since Forex market is too volatile! I think, free trading indicators like Moving Average, Fibo, ART are much meaningful than the co called profitable paid trading system’s! This is why, I only focus on my own learning process instead of buying any trading strategy!
i have seen most of the traders who are beginners never believe the importance of demo at all. they never focus on there and trade at random with no analysis , for that reason i think for practice in a proper way micro account is more appropriate , it can be expensive for someone but really supportive for acquiring live knowledge and experience.
Traders fail because they can hardly understand the flow of the market. They can’t catch the trend well and so they can’t forecast the market. That’s why traders should grow their analytical ability because it works as a weapon for them.
Most new traders are day traders. They are generally driven by fear. Therefore they are too afraid to stay in the market overnight let alone over the weekend.
Generally -
They trade off shorter and shorter time-frames so they are less and less exposed to the market.
This leaves insufficient time to plan ahead for high probability set-ups or making rational TA-based decisions.
They buy steadily falling markets and sell steadily rising markets so they can make a profit from a dramatic market counter move which is very short in duration, so that they can get out very quickly and be safe again.
What they think is risk-averse behaviour brings them into danger.
Most new traders are day traders. They are generally driven by fear. Therefore they are too afraid to stay in the market overnight let alone over the weekend. Generally - They trade off shorter and shorter time-frames so they are less and less exposed to the market. This leaves insufficient time to plan ahead for high probability set-ups or making rational TA-based decisions. They buy steadily falling markets and sell steadily rising markets so they can make a profit from a dramatic market counter move which is very short in duration, so that they...
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Very correct said I think.
A better question to ask will be this I think: who is winning in this game ?
I think that the large banks, just companies with large money, winning from this game. Is it because they have large knowledge ?
They are winning because they force the market to where they want. So they don't trade. They walk just through the pads where they can collect money.
{quote} Very correct said I think. A better question to ask will be this I think: who is winning in this game ? I think that the large banks, just companies with large money, winning from this game. Is it because they have large knowledge ? They are winning because they force the market to where they want. So they don't trade. They walk just through the pads where they can collect money.
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Absolutely right. The big international banks do not lose money trading forex.
So the lesson is, what are they doing that we can do?
The answer is found in the price, because whatever they do is seen in price movements they are so big, they cannot hide their traces.
How to follow price? - follow the price trend. Be long when price is rising, be short when price is falling. Trading is as simple as that.
