Hi All,
My name is Elad and I'm from Israel.
I kinda ran into forex about a year ago, by some kind of randomness.
opened up an account with some israeli broker (crappy platform, enormous spreads...). i did some small amount of time on a demo, but very quickly jumped on the live trading. blew 400$ Account in matter of days. then blew another 1000$ on a couple of weeks or so.
My boss pointed me to some reading on trading "Welcome to my trading room". Awesome book, that taught me a lot. Elder is describing the markets' psychology in a fascinating way, no doubt about it. the one thing i couldn't aqcuire from this book is the discipline needed. its this gaddamn margin i tell ya.
after reading that book i advanced a bit. opened up some other demo account on liteforex and eventually a live one on alpari.
on alpari i blew another 400$ then decided to take a break. i read parts of elder's book over again, analyzed charts for months using the triple screen trading method. almost every day i opened up the MT window and analysed that day's data, learning the market.
about a month ago i funded another 1000$ into alpari, but the madness continues.
I keep blowing that deposit too, and at the moment i got about 200$ left (188 to be exact).
In this year, and espcially on the last couple of days (im on a reading frenzy).
Forex is the toughest market. period.
i went thru so much trading systems in the last couple of days, trying to find an answer from above, an answer to all of my prayers.
about a year ago, when i just started with fx, i've set myself a target to decode this sucker called Forex, but as for now, this has been a tiresome year. forex is wearing me down.
Right now, i think i have too much information. there are too many indicators out there, producing too much data, too much contradicting data, the prices are no longer prices - they are lists of data that has been transformed into indicator data that reflects it's developer's perspective.
the number of trading systems and methods i went thru on the last couple of days is seamless, trying to find a simple method that will suite me. i'm a fan of simplicity. i was pointed to LT's simple scalping method, but now this means i need to change brokers since alpari's spreads aren't suitable for scalping.
at the bottom line, i have a headache.
i don't know what to do.
the amount of info in my brain is overloading, and trading systems seem to merge and contradict one another during live trading (thats what i think is the primary reason for blowing up so many accounts).
the phrase "screen time" pinches me in the heart. i spent the last year trying to screen time the triple screen and learning the markets.
seening talented and skilled traders posting on threads a "3-4 months screen time" promotes me towards the nearest stroke.
please guys, i need some advise on whats next.
if someone is in the mood of mentoring, i'll be your loyal servant and student. i just have no one to learn from.
help.
Elad
My name is Elad and I'm from Israel.
I kinda ran into forex about a year ago, by some kind of randomness.
opened up an account with some israeli broker (crappy platform, enormous spreads...). i did some small amount of time on a demo, but very quickly jumped on the live trading. blew 400$ Account in matter of days. then blew another 1000$ on a couple of weeks or so.
My boss pointed me to some reading on trading "Welcome to my trading room". Awesome book, that taught me a lot. Elder is describing the markets' psychology in a fascinating way, no doubt about it. the one thing i couldn't aqcuire from this book is the discipline needed. its this gaddamn margin i tell ya.
after reading that book i advanced a bit. opened up some other demo account on liteforex and eventually a live one on alpari.
on alpari i blew another 400$ then decided to take a break. i read parts of elder's book over again, analyzed charts for months using the triple screen trading method. almost every day i opened up the MT window and analysed that day's data, learning the market.
about a month ago i funded another 1000$ into alpari, but the madness continues.
I keep blowing that deposit too, and at the moment i got about 200$ left (188 to be exact).
In this year, and espcially on the last couple of days (im on a reading frenzy).
Forex is the toughest market. period.
i went thru so much trading systems in the last couple of days, trying to find an answer from above, an answer to all of my prayers.
about a year ago, when i just started with fx, i've set myself a target to decode this sucker called Forex, but as for now, this has been a tiresome year. forex is wearing me down.
Right now, i think i have too much information. there are too many indicators out there, producing too much data, too much contradicting data, the prices are no longer prices - they are lists of data that has been transformed into indicator data that reflects it's developer's perspective.
the number of trading systems and methods i went thru on the last couple of days is seamless, trying to find a simple method that will suite me. i'm a fan of simplicity. i was pointed to LT's simple scalping method, but now this means i need to change brokers since alpari's spreads aren't suitable for scalping.
at the bottom line, i have a headache.
i don't know what to do.
the amount of info in my brain is overloading, and trading systems seem to merge and contradict one another during live trading (thats what i think is the primary reason for blowing up so many accounts).
the phrase "screen time" pinches me in the heart. i spent the last year trying to screen time the triple screen and learning the markets.
seening talented and skilled traders posting on threads a "3-4 months screen time" promotes me towards the nearest stroke.
please guys, i need some advise on whats next.
if someone is in the mood of mentoring, i'll be your loyal servant and student. i just have no one to learn from.
help.
Elad
) at your own pace.