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Can you teach me ?

  • #1
  • First Post: Nov 14, 2007 9:27am Nov 14, 2007 9:27am
Dear friends, We all here to learn and teach to each other. I cannot teach because i am very new in forex and still s. Iam developing my own strategy. As u know to develop a strategy we should think following points-
(1) What we want to buy
(2) Position sizing
(3) Entry and Exit
(4) stop loss

Last day i got a book from my friend name "turtle system". I am uploading this e-book.Please teach it to me.
Many time people say you must be joking when i tell them i donot know english. Yes i donot know english much because iam not english and still learning it.

I need your help. Can you teach me position sizing with this book with example ?
Attached File(s)
File Type: zip turtle_trading_rules.zip   229 KB | 410 downloads
Let's trade together.
  • #2
  • Edited 9:38am Nov 14, 2007 9:36am | Edited 9:38am
Being an American, I can only imagine the difficulty one would have in trying to learn forex trading without understanding English. Its like having two strikes against you before you even start.

FXBaby, even if I had the time to read this book and understand it, how would my paraphrasing it in English help you? You would be getting a slanted version of what the author originally intended to say to you.

Much better would be to seek out a version of what you want in your native language, or at least in a language you are more comfortable with. Only you can really learn by understanding. A teacher, or a book, is really more of a guide.

There are lots of articles on turtle trading and trend following on the internet as well, but I have no idea how many of them are printed in other languages. Michael Covel's book "Trend Following" is excellent and recommended.
Disregard all prognostications.
  • #3
  • Nov 14, 2007 9:38am Nov 14, 2007 9:38am
In chapter three you will found a section "Dolar volatility adjustment".
here is dolar volatility farmula
dollar volatility=N * Dollar per unit

What is mean by dollar per unit ? can u give me an example of eur/usd (when i buy 1 standard lot) ?
Let's trade together.
  • #4
  • Nov 14, 2007 1:06pm Nov 14, 2007 1:06pm
Have you ever taken a forex course? If not, you will be surprised on how much you can learn and be ahead of the crowd.

Good Luck
  • #5
  • Nov 14, 2007 1:10pm Nov 14, 2007 1:10pm
Quoting FXBaby
Dear friends, We all here to learn and teach to each other. I cannot teach because i am very new in forex and still s. Iam developing my own strategy. As u know to develop a strategy we should think following points-
(1) What we want to buy
(2) Position sizing
(3) Entry and Exit
(4) stop loss

Last day i got a book from my friend name "turtle system". I am uploading this e-book.Please teach it to me.
Many time people say you must be joking when i tell them i donot know english. Yes i donot know english much because iam not english and still learning it.

I need your help. Can you teach me position sizing with this book with example ?

FXBABY:

http://www.babypips.com/school/
  • #6
  • Edited 1:57pm Nov 14, 2007 1:13pm | Edited 1:57pm
i have not taken any course. Iam learning from FF and from some e-books. If u know the answer why are u not posting it ?
I already told iam new and learning. Iam here because FF members are very helpful in nature.
Let's trade together.
  • #7
  • Nov 14, 2007 2:01pm Nov 14, 2007 2:01pm
Quoting FXBaby
Dear friends, We all here to learn and teach to each other. I cannot teach because i am very new in forex and still s. Iam developing my own strategy. As u know to develop a strategy we should think following points-
(1) What we want to buy
(2) Position sizing
(3) Entry and Exit
(4) stop loss

Last day i got a book from my friend name "turtle system". I am uploading this e-book.Please teach it to me.
Many time people say you must be joking when i tell them i donot know english. Yes i donot know english much because iam not english and still learning it.

I need your help. Can you teach me position sizing with this book with example ?
First off, forget the Turtle Trading stuff. It's quite advanced, and I'm not even sure the Turtle Traders still run with it. But you'll need a good grasp of the general rules of trading before you can even hope to get any benefit from the e-book.

So, let's answer some basic questions:

  1. What we want to buy - Start with just one pair, it doesn't matter really which you choose, but I would avoid the XXXJPY crosses for a while. Try the EURUSD, AUDUSD or NZDUSD. They don't move as much as some pairs, which gives you time to think. When they trend they seem to follow steady movements and respect things such as Support and Resistance more than some others. Don't forget that there are times when it's better to Sell, but you'll find that out as you go along
  2. Position sizing - Most of what you'll need is contained in this Section Information For Beginners Pay attention to the info on the first post. I have some stuff about MM in my thread. If you want to jump straight to the MM stuff go to Post #19
  3. Entry and Exit - This is too big a subject to answer in one reply, but will make or break you as a trader. Especially the EXIT part. Find a method that is well supported on these Forums, demo trade for as long as it takes to understand what you're doing. Don't go live until that point, and even then start small
  4. Stop Loss - See answer 3. it will depend on System, Time-frames, Account size, Risk Aversion, Patience, Understanding Support/Resistance etc, etc.

Read, ask, read some more, ask some more, read, ask again - Demo, Demo, Demo and most of all - DON'T GET GREEDY

  • #8
  • Nov 14, 2007 2:01pm Nov 14, 2007 2:01pm
iam a cool guy. when i read above post i found iam looking angry. Sorry for that. Iam funny. This is way i talk. i will change it soon.
soorrrrrrrrrrrrrryyyyyyyyyyyyyyyyyyyyyy
Let's trade together.
  • #9
  • Nov 14, 2007 9:10pm Nov 14, 2007 9:10pm
I agree with peterfm... forget about turtles... I have 51 years of experience with forex.... ummm oh, sorry, I am 51 years old... I have 3 years forex, and I still cannot fathom turtle stuff... best answer given to you here is...

www.babypips.com !!!!!!!!!!!!


Quoting FXBaby
iam a cool guy. when i read above post i found iam looking angry. Sorry for that. Iam funny. This is way i talk. i will change it soon.
soorrrrrrrrrrrrrryyyyyyyyyyyyyyyyyyyyyy
  • #10
  • Last Post: Mar 12, 2021 11:29am Mar 12, 2021 11:29am
for mentorship connect me at https://t.me/jamiehank
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