Newbie Traders: Trading Advice from Someone With Balls | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Newbie asking a newbie interest rate question: 1 reply

Do you have the balls to Lose, But not the balls to Win? 63 replies

Newbie needing some advice 15 replies

Newbie Traders: Trading Advice from Someone With Beard 9 replies

Newbie looking for advice 10 replies

Newbie Traders: Trading Advice from Someone With Balls

  • #1
  • First Post: Dec 28, 2009 6:12am Dec 28, 2009 6:12am
I normally only come on to Forex Factory for the calendar, which is pretty good.. But any newbie coming onto a Trading discussion board to learn how to trade is a fool. I will cut you no slack just like the market and professional traders out there will cut you no slack. You are a fool.....a ATM for people who know what they are doing.

Not knowing anything is better than getting advice from here and hooked on these systems that are nonsense. Professional traders don't trade that way. They don't use all these indicators. Everything you need to know about trading.....you already know. You don't go to the Mercedes dealer and tell the salesman you rather pay $120,000 for an S Class and he's offering to sell it to you for $100,000. But people will constantly buy high and sell low. And vice versa. Imbalances in supply and demand is the way to make money in any market. Finding these things is how you make money. Price mfing Action along with a trading plan with discipline.

In conclusion, people who know nothing are far ahead of the people who have been trading incorrectly for years. Find a professional trader who will mentor you on how to properly trade. There are trading schools......but most are bs. But there is one that I know where they actually know what they are doing. But put your money in education (immersive education) and not in the market. Real education.....not trading rooms and that garbage. But education that requires you to trade the live markets with a professional trader guiding you. Just jumping in the market thinking you will learn by just diving in........will put you with the 95 percenters. You didn't get your job by logging onto a website to learn how to do it.....so why would you think you can learn "trading" doing it.

Only log in.....which I have done like 4-5 times to see the faces of your victims. Log in every six months to see the faces of the people providing for your lifestyle. You owe them that much. We need these people.
  • #2
  • Dec 28, 2009 7:33am Dec 28, 2009 7:33am
i cheer you for caring about other strangers. this is good character.

however, some people seem to genuinly trade by indicators. it all depends on one's psychology and mental strength. there is no black or white. it does not necessarily mean that indicators truly predict the price action. it could be that these indicators entice enough confidence in one's self to enter and exit the market. just like support and resistance lines or Elliot waves entice another person with same level of confidence to enter and exit the same market.
  • #3
  • Dec 28, 2009 5:22pm Dec 28, 2009 5:22pm
I've tried most of the indicators in my trading and found only short term success, the best indicator for me is pure price action trading which is one of the best techniques known to mankind for long term success.
  • #4
  • Dec 28, 2009 5:59pm Dec 28, 2009 5:59pm
Quoting hnosair
...however, some people seem to genuinly trade by indicators....
Very well said!! I am one that uses indicators..Bollinger Bands, EMAs, Slow Stochastics, even a MACD every now and then. I have even found a modified Ichimoku very useful in future support/resistance areas. And I am very successful trading the way that I do.

It really doesn't matter if people use indicators or not if they are making money. THAT, more than any job title out there, defines success. If someone makes good money using "Price Action" and nothing more, that's great!! And if someone makes good money using 9 different indicators, that's great!! WHAT the trader uses to make money is not near as important as people make it out to be. I think that is an ego thing for some, to be able to say that they don't need any indicators but just use "Price Action"...as though price action can not be seen if there is an indicator on the chart!

But just because I make money, that doesn't mean that someone (a "victim") loses money. This is a multi-TRILLION dollar a day business and majority of us don't trade enough lots to make any difference whatsoever. When I trade stock/index options at 100-200 contracts, that's enough to turn heads with the floor traders when the order comes through, but 100 lots won't even make people blink in the currency market. Typically when you are trading a handful of lots (<100), the broker will take the opposite side of the trade. It is because of the liquidity in this huge market that it is not a one person wins/one person loses scenario.

I use some things I picked up trading options and some things I have picked up from several different people trading currency. Everyone will eventually fall into their own groove on how they trade. And as long as how they trade makes money, there is no real right or wrong way. People who don't see that are typically not as successful as they want people to believe they are....hence that ego thing mentioned earlier.

Just my 2 pips....
  • #5
  • Dec 28, 2009 8:17pm Dec 28, 2009 8:17pm
Quoting tonyb1911
But put your money in education (immersive education) and not in the market. Real education.....not trading rooms and that garbage. But education that requires you to trade the live markets with a professional trader guiding you. Just jumping in the market thinking you will learn by just diving in........will put you with the 95 percenters. You didn't get your job by logging onto a website to learn how to do it.....so why would you think you can learn "trading" doing it.
.
respecting to your post,sir, can u tell me where did the Professional trader learn from at their early trading live?did they just learn from other professional trader or trading education?then where did the Educator come from?where did they learn from?
And do u really think it's easy to find somebody who knew how to make money to guide u making money ? if u knew some, then please give us their contact number, or if u 're one of them, it is nice to know u sir
  • #6
  • Dec 28, 2009 10:02pm Dec 28, 2009 10:02pm
Quoting tonyb1911
In conclusion, people who know nothing are far ahead of the people who have been trading incorrectly for years....
Why would a professional trader want to help me be a trader. What is in it for the pro?
  • #7
  • Dec 29, 2009 11:57am Dec 29, 2009 11:57am
`Newbie Traders: Trading Advice from Someone With Balls'

With a title like that, you surely are setting off on the wrong foot... The person with balls will be a very experienced trader or not... as the experienced trader will be cautious...would they not?

Sounds very arrogant to me.

Since I have been cautious and sensible.... I have been making consistent pips with my own system.
  • #8
  • Dec 29, 2009 2:50pm Dec 29, 2009 2:50pm
Quoting tonyb1911
I normally only come on to Forex Factory for the calendar, which is pretty good.....

wow. lol. a little full of ourselves aren't we? listen, just because something didnt work for you doenst mean it wont work for someone else. not knowing is better than getting advice? lol since when!?! what if the advice is valid and actually makes sense? then it's still better to not know it? that is absolutely ridiculous sir.

also "Just jumping in the market thinking you will learn by just diving in........will put you with the 95 percenters." what??? lol. so just by thinking something, i will become good at trading. you should apply that to flying as well. just stand on your roof with the mindset that if you jump and flap your arms, you'll fly. then jump right off. see what happens.

i agree with immersing yourself in the market, but i disagree with the whole professional trader idea. if you hang around a trader too much and try to learn from them, you wll end up thinking that their way of trading is th eonly way to go. you will never think for yourself. the best way to learn to trade (as with most other things) is by trial and error. not by putting in trades someone else recommends.

and cut out this "im taking your money because you are stupid" crap. just because someone losses a trade doesnt mean theyre stupid, and just because someone wins doesnt mean theyre smart. and you arent taking anyones money. come on.
  • #9
  • Dec 29, 2009 3:23pm Dec 29, 2009 3:23pm
Quoting tonyb1911
But there is one that I know where they actually know what they are doing.
Who?
  • #10
  • Dec 29, 2009 4:34pm Dec 29, 2009 4:34pm
Quoting tonyb1911
I normally only come on to Forex Factory for the calendar, which is pretty good.. But any newbie coming onto a Trading discussion board to learn how to trade is a fool. I will cut you no slack just like the market and professional traders out there will cut you no slack. You are a fool.....a ATM for people who know what they are doing.

Not knowing anything is better than getting advice from here and hooked on these systems that are nonsense. Professional traders don't trade that way. They don't use all these indicators. Everything you need to...

I like this post. But I don't like the title. The advice should be the same whether you have balls or you don't. I don't. And I don't want them. (But they are nice to play with)
  • #11
  • Dec 29, 2009 7:49pm Dec 29, 2009 7:49pm
Well, reading all those respons in this thread, I have to confess....

I'm a coward in trading. That's why I backtested my system so extensively (going back 10 yrs). That's why I did it more than once...cos I'm sooooooo afraid of losing money. And yet I still blown my accounts several times.

Still, I'm survive. Make a living out of my trades just as my dream. And still yellow through and through.
  • #12
  • Dec 29, 2009 9:10pm Dec 29, 2009 9:10pm
Quoting tonyb1911
I normally only come on to Forex Factory for the calendar, which is pretty good.....
Good post. Unlearning is in fact hard. I wish I could unread dozens of books.
  • #13
  • Dec 30, 2009 7:44am Dec 30, 2009 7:44am
Quoting tonyb1911
I normally only come on to Forex Factory for the calendar, which is pretty good.....
No, no.........it doesn't matter whether you use indys or not,.........its if you are successful or not. It not how many pips you get, as the main thing is the value of each pip (lots)........YOU DON'T NEED TRADING ROOMS ETC.......you can do it with great websites like FF, and practice with demo accounts....

There are some people here on FF who think themselves as 'better' or more of a trader or 'higher' in forex just cuz they use candles or inside bars, or 'fibs' or use less indicators than others etc LOL..........aren't candles indicators too ?!......

Whatever works, works....
  • #14
  • Dec 30, 2009 8:51am Dec 30, 2009 8:51am
there can be billion ways to trade same market and making money.
  • #15
  • Dec 30, 2009 10:02am Dec 30, 2009 10:02am
Which is why it can get overwhelming sometimes.
  • #16
  • Dec 30, 2009 12:10pm Dec 30, 2009 12:10pm
I saw some responses in my email box so I decided to respond. First, I'm not attacking anyone I'm just stating hard core facts. If you want to be a mechanic you don't hook up with other "wanna bees" and try to go fix a car. You hook up with a mechanic and become an apprentice. Same in trading.

Someone said you can't learn how to trade by just "thinking" about trading, they are exactly right. That's why I'm talking about immersive education. Someone asked why would a professional trader want to help them.....what's in it for them.......simple........money and strokes to their ego. The game is to be sold not told.

I understand the rationale for trying to learn how to trade of Forex Factory, YOutube, etc. It's free.........doesn't require a lot of challenge. But you can't learn to trade that way......and I bet most don't have a trading plan which is automatic failure.

Many, attempt to day trade Forex,........Forex is not a daytrading market. Trends last longer in Forex........so why would you try to be in and out. Many of the day traders ignore multiple time frame analysis.......and end up having a set up to go short on a 5 min chart.......but fail to see that short on the 5 min chart........is inside of a daily charts demand level. 60 min charts and up for Forex. Futures......great to daytrade.....Stocks too. Forex no.

But don't even believe me........spend the doe to get you a mentor, trading coach, or blah blah blah. If you can't find one.......Quit trading. Quit transferring your account into someone else's account. This is a great site.........but don't poison yourself with bad information. I watched porn when I was young.......and know I can't quit. You can't tell me porn isn't good for America. The reason.......I was poisoned young......I can't be helped.

I got into trading not even knowing what the Dow Jones was.......thankfully I didn't know anything. The balls comment is for women too.........it just meant I'm not making a post to make friends or play pitty pat with.

Trading is simple.....but it's not easy! It's no different from what we do in every day life with great success!
  • #17
  • Dec 30, 2009 2:50pm Dec 30, 2009 2:50pm
Quoting tonyb1911
But don't even believe me........spend the doe to get you a mentor, trading coach, or blah blah blah. If you can't find one.......Quit trading. Quit transferring your account into someone else's account. This is a great site.........but don't poison yourself with bad information. I watched porn when I was young.......and know I can't quit. You can't tell me porn isn't good for America. The reason.......I was poisoned young......I can't be helped.


What are you 8 maybe 10 years old or something??? You can't quit porn. Holy crap that was funny. You can't quit because you are too busy making excuses to make it happen. Weak mind.

Mentors are like personal trainers in the gym. They will feed you just enough information to keep you coming back. It is in their best interest (financially and ego) to keep you on a leash. If you learn too much you will leave and maybe even provide some competition to the mentor. A mentor is not required to learn how to trade.

I guess that you have found a mentor and now they are feeding your mind with one way of trading the market without teaching you how to develop your own trading strategy so that you can go out on your own. They probably even have a few "special" indicators that will expire if you don't continue to subscribe. I guess P.T. Barnum was right. They probably even offered to let you have a free subscription if you just get 10 of your friends to sign up. LOL!

I trade just the 1 min chart without looking at any other time frame. I guess I am failing as a trader because I don't trade just like you do. LOL! Get over yourself. You don't have balls, yours haven't even dropped yet.
  • #18
  • Dec 30, 2009 3:47pm Dec 30, 2009 3:47pm
Newbie Traders: Trading Advice from Someone With Balls


Here you go. Contact these people.http://www.zymetrical.com/product.asp?dc=b&3=1140
  • #19
  • Dec 31, 2009 3:30am Dec 31, 2009 3:30am
Quoting tonyb1911
Someone asked why would a professional trader want to help them.....what's in it for them.......simple........money and strokes to their ego. The game is to be sold not told.
According to your response about the same question i asked before, do you ever consider about why would a professional trader take money from their puppies (read:student) if they really could make lots of money from trading??
no offense about your opinion, but as I know, a master trader take nothing from their puppies, some of them even had no time to mentoring you as they just been busy thinking about how to spend their good time,money is something unlimited for them, as I know, a professional trader from my country could make about 300pips daily (by selling short n long position,all day long)just from 1 pair, u can estimate how much he will get in a day if he just trade 2 pair a day,1 standard lot for each pair. so, they have no reason for taking your money since they don't really need it anymore

Quoting tonyb1911
But don't even believe me........spend the doe to get you a mentor, trading coach, or blah blah blah. If you can't find one.......Quit trading. Quit transferring your account into someone else's account. This is a great site.........but don't poison yourself with bad information.
are you kidding?? quit learning coz you can't find a guide?you hasn't answer my question yet about how could a pro becoming a pro?did they learn from another pro???and so on? haha


Quoting tonyb1911
Trading is simple.....but it's not easy! It's no different from what we do in every day life with great success!
this one, I agree
  • #20
  • Dec 31, 2009 5:10pm Dec 31, 2009 5:10pm
Quoting in_drag88
According to your response about the same question i asked before, do you ever consider about why would a professional trader take money from their puppies (read:student) if they really could make lots of money from trading??
Why would a professional trader take money from their students? A good question.
To stroke the ego? probably yes. But I think the top reason would be to make sure that only serious people joined. The worst thing for a mentor is to have a dickhead who wants to fight and disagree with everybody else in the group.
0 traders viewing now