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Back to basics or information overload?

  • #1
  • First Post: Oct 11, 2005 7:49pm Oct 11, 2005 7:49pm
I find myself jumping around from site to site, reading about all types of methods, strategies, and systems. Most of the stuff is so far over my head that I'm clicking out to another site after the second paragraph. Even though some of the posts here at FF are worthy of being paid for, I find myself lost and unable to post a reply. I want to speak fluent Forex, but feel like the kid afraid to raise his hand. Should I just keep it simple and get back to basics? Simply using support and resistance, trendlines, and market sentiment? Anybody else feel this way
Because helping each other is a good thing.
  • #2
  • Oct 11, 2005 8:43pm Oct 11, 2005 8:43pm
Fluent in speaking forex, that's really a nice expression and true at the same time I believe. If you want to be fluent in speaking forex, then all you need to know is the alphabetic and the grammer, and some expressions, and that's all

Don't you agree with me???

Thanks,

Nader
  • #3
  • Oct 12, 2005 12:34am Oct 12, 2005 12:34am
Quoting howtotradeforex
I find myself jumping around from site to site, reading about all types of methods, strategies, and systems. Most of the stuff is so far over my head that I'm clicking out to another site after the second paragraph. Even though some of the posts here at FF are worthy of being paid for, I find myself lost and unable to post a reply. I want to speak fluent Forex, but feel like the kid afraid to raise his hand. Should I just keep it simple and get back to basics? Simply using support and resistance, trendlines, and market sentiment? Anybody else feel this way
I remember feeling the exact same way not that long ago. I had to actually stop surfing and buckle down and Read. John Murphy - Technical Analysis book, Steve Nison (sp) Candlestick Charting, Alexander Elder and several others. I got a Audio CD of Reminiscenses of a stock operator from the Library -made a copy and listen to it everyday for the last 3 months on my drive to/from work. (Every Day)
I can now actually follow a thread and understand what is being talked about. James16 charting thread is great stuff, i hionestly couldn't have followed it 4 months ago.
Be persistent.
-Andy
In trading, there is no bullshit. You either make money or you don't.
  • #4
  • Edited 5:05am Oct 12, 2005 2:21am | Edited 5:05am
Quoting howtotradeforex
I find myself jumping around from site to site, reading about all types of methods, strategies, and systems. Most of the stuff is so far over my head that I'm clicking out to another site after the second paragraph. Even though some of the posts here at FF are worthy of being paid for, I find myself lost and unable to post a reply. I want to speak fluent Forex, but feel like the kid afraid to raise his hand. Should I just keep it simple and get back to basics? Simply using support and resistance, trendlines, and market sentiment? Anybody else feel this way

And what, pray tell, is wrong with keeping it simple? Do whatever works for you.
Frankly alot of the time I haven't a clue what people are talking about on these forums. And you know what? So what!! Do enough reading and you'll pick it up eventually by osmosis. Don't worry about it though. There really is nothing new under the sun and if you don't understand something, ask. You are amoung friends here. We are here to support and learn from eachother. That's what its all about isn't it?

Pssst...
by the way (keep this to your self, shhhhh) some of the most successful traders use simple support and resistance / trendline strategies.

Regards,

Steve
I was here, here I was. Was I here? Yes I was!
  • #5
  • Oct 12, 2005 4:13am Oct 12, 2005 4:13am
Great replies guys,
Trying TOO hard only makes it harder. Picking up some lingo isn't really as important as knowing money management skills. I do need to replace my screen straring and candle watching with a good trading book. Finding what works for me and staying with it will prove to be healthy for me instead of peeking over the other guy's shoulder.
Because helping each other is a good thing.
  • #6
  • Oct 12, 2005 5:38am Oct 12, 2005 5:38am
IMHO nothing replaces screen / trading time. If you want to get better at tennis, you cannot just do it with reading, you have to play tennis. Trading much the same. However it is important to have a serious schedule of education.

The problem I ran into was the massive information overload. You get a new book or article and it is a natural emotion to feel that you are now going to improve with the added new inforamtion.

What I do is keep a priority list of my ongoing trading education needs. You have to decide what you need to work on and cut out most of the rest.

Currently my list is:

1. Mark Douglas - Books and audio recordings

2. Ari Kiev - Trading In The Zone

I am trying to focus on mental work.

Thats it ! I have a text to voice program so I can convert E books to audio. I find I am better through the ears than the eyes.
  • #7
  • Jan 9, 2012 4:34am Jan 9, 2012 4:34am
Be careful, there is a lot of disinformation out there too. Or stuff that will simply throw you in the wrong direction. Keep it simple is probably the best advice anyone can give you.
Chris
  • #8
  • Jan 9, 2012 12:40pm Jan 9, 2012 12:40pm
Quoting Mtheory
Be careful, there is a lot of disinformation out there too. Or stuff that will simply throw you in the wrong direction. Keep it simple is probably the best advice anyone can give you.
Chris
dude, the last reply was 7 years ago. Don't dig up stone old threads.
  • #9
  • Jan 9, 2012 1:20pm Jan 9, 2012 1:20pm
Why so? Some things never change. And a little nostalgia never hurt anyone. It never happened to you, that you wanted to be what you were when you wanted to be what you are now?

Quoting Custos
dude, the last reply was 7 years ago. Don't dig up stone old threads.
forget about tomorrow, just steal away into the night
  • #10
  • Jan 9, 2012 4:56pm Jan 9, 2012 4:56pm
Quoting Custos
dude, the last reply was 7 years ago. Don't dig up stone old threads.
Oh, well, so I commented on an old thread by mistake. But having done so, I don't really regret it. These threads are read by others who are seeking information, so hopefully it benefits someone to read this again.

Adios
Chris
  • #11
  • Jan 11, 2012 9:46am Jan 11, 2012 9:46am
Quoting howtotradeforex
I find myself jumping around from site to site, reading about all types of methods, strategies, and systems. Most of the stuff is so far over my head that I'm clicking out to another site after the second paragraph. Even though some of the posts here at FF are worthy of being paid for, I find myself lost and unable to post a reply. I want to speak fluent Forex, but feel like the kid afraid to raise his hand. Should I just keep it simple and get back to basics? Simply using support and resistance, trendlines, and market sentiment? Anybody...
Yes you should keep it simple as possible... sometimes Ignoring what people say and just apply what fit you most is the best practice ...
  • #12
  • Feb 9, 2016 7:29am Feb 9, 2016 7:29am
Quoting howtotradeforex
I find myself jumping around from site to site, reading about all types of methods, strategies, and systems. Most of the stuff is so far over my head that I'm clicking out to another site after the second paragraph. Even though some of the posts here at FF are worthy of being paid for, I find myself lost and unable to post a reply. I want to speak fluent Forex, but feel like the kid afraid to raise his hand. Should I just keep it simple and get back to basics? Simply using support and resistance, trendlines, and market sentiment? Anybody else feel...
You are not on this alone ,I was doing this at some point of time going from site to site, article to article fishing for news release ,strategies trading information etc .. to make me forex efficient but ended up making either wrong or over analyzes of the the market and getting confused the more , I had to sit myself down and to read the basic from school of pipsology, hit back to demo understood and focus on my trading strategy, Yes I read some few books over but I do hard to keep the articles I read over the internet less.
  • #13
  • Last Post: Feb 10, 2016 6:13pm Feb 10, 2016 6:13pm
Best you can do is to open up a chart and start looking at price. No idicators. Look at how bars make new highs in comparison to each other, where they terminated, how swig terminates, where balance points are. Just look at it bar by bar. You will learn more than any indicator over laid on the charts. Also look at contraction, expansion measured swings reversals. It takes time lots of time but you will walk away with more then reading any book iorusing some else's strategy. Of course there are plenty of books out here that will be usefull. Just pull up a naked chart and start breaking things down. Always ask yourself what is price doing, why is it doing thank. You will star to to recurring patterns left by smart money cling you what will happen next

Personal opinion, there is no way better to learn than to fund a small account and take small tardes. Lessons are best learned when you looses money, it forces to pay attention and work harder. Also it will force to reflect personally on what holds you back psychologically.

Read this to get better understanding of price

https://www.google.com/url?sa=t&sour...llKrQ49C7Pi4wg
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