Hello all...I've stayed out of Forex Factory and have respected their 'no commerical advertising' policy, but with this new thread, I'd like to ask a couple of things.
I come with my own view of trading that has been influenced by many, on Forex Factory, and in countless books, and my own trading experience -- and along those lines, I have formed views of risk management and trading psychology. I've scoured these forums so many times, and so often there are systems for MAs that cross over another MA or looking for divergence, when really I feel we, as traders, end up spending our lives in front of the computer screen. I like to trade where the computer is on and I'm nowhere close to it - maybe I have my mobile smartphone to check every once in a while, but I'm out living life -- because life is short, and we need to spend it with our friends and family. I know many of your love the one hour time frames or shorter, but my website is meant in a way to help people learn a style of trading that lets you walk away from the computer.
I trade based on zones of consolidation, and prices exiting those zones, or bouncing between these zones. Nothing new, and things anyone can read in all kinds of trading books or even here at Forex Factory. Price action can act as confirmation with these zones, but doesn't always have to. (The reason I feel it doesn't always have to is that as an educated trader, even 5 losses in a row should not hurt your 'relative' account size. For example, if I was trading a $100,000 account, personally I would feel comfortable trading $500 on a single trade (and perhaps have two trades open at most). So even with 5 losses in a row I'll lose $2,500 to $5,000, and I definitely would need to stand back and make sure I'm doing everything okay, but my account balance would be down to between $95,000 and $97,500 from $100,000. It's a lot of money, but you still have your 'army' so to speak behind you -- all those dollar bills willing to stand up and fight the constant price fluctuations of currency trading. I'll be talking more about this 'army' of dollar bills in future posts and videos. Of course that's easier said than done, but you've got to be mental tough.
Anyways, I don't want to have this post too long, but wondering if there's any interest actually watching tutorial based forex videos -- ones that are mostly free but high quality. And if there are those that would like to help make educational videos about the forex market. Not on how to trade, but on the general overview of the forex market. Do you remember when you first learned about forex? Was it really confusing, or a breeze to get yourself informed and educated?
I believe in keeping things simple, and part of that is by doing videos. I have quite a few, but there's so much on forex in general that I can't quite possibly cover everything. My website is somewhat of an experiment right now.....and will see how it goes. -- Thanks, Tim
I come with my own view of trading that has been influenced by many, on Forex Factory, and in countless books, and my own trading experience -- and along those lines, I have formed views of risk management and trading psychology. I've scoured these forums so many times, and so often there are systems for MAs that cross over another MA or looking for divergence, when really I feel we, as traders, end up spending our lives in front of the computer screen. I like to trade where the computer is on and I'm nowhere close to it - maybe I have my mobile smartphone to check every once in a while, but I'm out living life -- because life is short, and we need to spend it with our friends and family. I know many of your love the one hour time frames or shorter, but my website is meant in a way to help people learn a style of trading that lets you walk away from the computer.
I trade based on zones of consolidation, and prices exiting those zones, or bouncing between these zones. Nothing new, and things anyone can read in all kinds of trading books or even here at Forex Factory. Price action can act as confirmation with these zones, but doesn't always have to. (The reason I feel it doesn't always have to is that as an educated trader, even 5 losses in a row should not hurt your 'relative' account size. For example, if I was trading a $100,000 account, personally I would feel comfortable trading $500 on a single trade (and perhaps have two trades open at most). So even with 5 losses in a row I'll lose $2,500 to $5,000, and I definitely would need to stand back and make sure I'm doing everything okay, but my account balance would be down to between $95,000 and $97,500 from $100,000. It's a lot of money, but you still have your 'army' so to speak behind you -- all those dollar bills willing to stand up and fight the constant price fluctuations of currency trading. I'll be talking more about this 'army' of dollar bills in future posts and videos. Of course that's easier said than done, but you've got to be mental tough.
Anyways, I don't want to have this post too long, but wondering if there's any interest actually watching tutorial based forex videos -- ones that are mostly free but high quality. And if there are those that would like to help make educational videos about the forex market. Not on how to trade, but on the general overview of the forex market. Do you remember when you first learned about forex? Was it really confusing, or a breeze to get yourself informed and educated?
I believe in keeping things simple, and part of that is by doing videos. I have quite a few, but there's so much on forex in general that I can't quite possibly cover everything. My website is somewhat of an experiment right now.....and will see how it goes. -- Thanks, Tim