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Any advice for new guy?

  • #41
  • Nov 19, 2009 11:42am Nov 19, 2009 11:42am
Quoting hazem
as newton said success is 1% creation and 99% perspiration.
Just for the sake of accuracy, it was Thomas Edison who said "Genius is one percent inspiration, ninety-nine percent perspiration."

Edison also said "Opportunity is missed by most people because it is dressed in overalls and looks like work."
  • #42
  • Nov 19, 2009 7:58pm Nov 19, 2009 7:58pm
Quoting opie999
Just for the sake of accuracy, it was Thomas Edison who said "Genius is one percent inspiration, ninety-nine percent perspiration."

Edison also said "Opportunity is missed by most people because it is dressed in overalls and looks like work."
Opportunityisnowhere.

What did you see?
Positive
or
Negative
?
  • #43
  • Nov 20, 2009 7:10pm Nov 20, 2009 7:10pm
I wondered why It wasn’t happening for me. I was astute and savvy but it still eluded me.
Then I read something that would change my life. For better or worse.

Forex.

Put Twenty up for a possible reward of Hundreds, perhaps even Thousands….
Tough not to take. After all, I am a mover & a shaker.

Boys Gate.
I {or we} will gladly strip you of your family’s wealth. Don’t expect me to apologise. That‘s why you arrived here. You wanted to do the same.

First: Get your Mind Right:
This includes Jumping & Standing Aside.

Second: But How Far?
That will require studying J16 and possibly a couple of others.

Third: Trade a few losses that you can afford.;
Then get Greedy.
  • #44
  • Nov 22, 2009 10:07am Nov 22, 2009 10:07am
Quoting forexmick
To be sure, it beats farming in the freezing cold too.
Howaya Mick,
A Wexford man here,i know where your coming from ,about the farming.
I'm only new here,and alot of the comments are negative,but its the same in any walk of life,i'd imagine the lads giving out are the unsuccessfull ones.any advice you could give me would be more than welcome.

Regards Alb
  • #45
  • Jan 18, 2010 12:03pm Jan 18, 2010 12:03pm
All I hear everywhere is that you should control your state, your emotions, trade smart, practice, never give up... and all the other "inspirational" things that we should do to become successful. All this is fine but this just tells us the end result I want the first steps. Let me illustrate:

- Read "these" books
- Subscribe to "this" news letter
- Trade "this many" hours a day
- "This" is where you can get the "fundamentals that move the market"

I know there are many golden hearted people here, but please show us instead of bullshit like trade 6 years demo and 12 years micro and then open a standard $1000 account blow it up several times and then the last year before you die you will make a million dollars and most importantly "you will get in the top 5% circle"

I'm not saying this just to be sarcastic, please reply to this post.
  • #46
  • Jan 18, 2010 6:15pm Jan 18, 2010 6:15pm
Quoting jacob_961
instead of bullshit like trade 6 years demo and 12 years micro and then open a standard $1000 account blow it up several times

I'm not saying this just to be sarcastic, please reply to this post.
What you have said is true. Traders here wear demo trading and blown up accounts as badges of honour.
Don't listen to them. It is all shite. Blown up accounts is not a indicator of a good trader.
PS I am a fulltime trader now living off forex trading
  • #47
  • Jan 19, 2010 1:09pm Jan 19, 2010 1:09pm
Quoting jacob_961
All I hear everywhere is that you should control your state, your emotions, trade smart, practice, never give up... and all the other "inspirational" things that we should do to become successful. All this is fine but this just tells us the end result I want the first steps. Let me illustrate:

- Read "these" books
- Subscribe to "this" news letter
- Trade "this many" hours a day
- "This" is where you can get the "fundamentals that move the market"

I know there are many golden hearted people here, but please show us instead of bullshit...
Hi Jacob,

First of all... what type of trading is likely to suit you? Do you have time to spend looking at the charts all day or are you looking for something that only requires end of day analysis? Do you feel comfortable taking trades that have a fixed stop and profit target or would something with a trailing stop be better?

If you can give me some answers I will try and suggest something suitable. There are at least seven different ways to trade that are taught here at FF that are based on price action rather than indicators and could make you a profitable trader... but the one that suits you will depend on answers to the above (in the first instance).

Regards,

Dan
  • #48
  • Jan 22, 2010 1:39pm Jan 22, 2010 1:39pm
The thing which separates victors from losers in the financial markets is practice. Advice to the new guy : don't stop working on your edge.
  • #49
  • Edited 7:17pm Jan 23, 2010 6:54pm | Edited 7:17pm
Any advice for new guy? Find a trader who has been through it all and the ask as many questions you can. Don't try the trial-and-error way, you will lose too much. Find some winning traders and hang out with them. They are around if you want to find them. I don't want a flame war here so I won't mention there names.
Find a professional trader that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully.
You need to LEARN how to trade Forex. Despite what some say here, it is NOT a God-given gift.
  • #50
  • Jan 29, 2010 5:01pm Jan 29, 2010 5:01pm
Quoting forexmick
Any advice for new guy? Find a trader who has been through it all and the ask as many questions you can. Don't try the trial-and-error way, you will lose too much. Find some winning traders and hang out with them. They are around if you want to find them. I don't want a flame war here so I won't mention there names.
Find a professional trader that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully.
You need...
  • #51
  • Jan 29, 2010 5:05pm Jan 29, 2010 5:05pm
I dont know about that one....


Quoting forexmick
Any advice for new guy? Find a professional trader that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully.
You need to LEARN how to trade Forex. Despite what some say here, it is NOT a God-given gift.
Annoying Precision
  • #52
  • Jan 30, 2010 6:44pm Jan 30, 2010 6:44pm
Quoting erikte279
I dont know about that one....

Choice #1
Find a professional trader that shows you all his trading. Get to know his system. Watch the system in action. Ask question after question after question after question, until you can do it on your own successfully.
Choice#2
You can always read a book on trading. Usually by a person who has never traded.
Or you can read some posts here from children like this one http://www.forexfactory.com/showpost...stcount=186135
Or maybe you can trade the forex market by using trial and error until it takes all your money.
Or you can play on demo for years and then find out that the real market is completely different from demo trading.
  • #53
  • Jan 30, 2010 7:05pm Jan 30, 2010 7:05pm

Im simply incinuating that imo one should develop his/her own views on the market through oberservation and due dilligence. IMO the chances of a professional, consistantly profitable trader divulging his system is small, just my opinion though.

Annoying Precision
  • #54
  • Jan 30, 2010 7:10pm Jan 30, 2010 7:10pm
-learn to program ea's and test a lot.
-dont' quit your day job.
--this has to be fun; not a drugery.
--none of the people on this forum are likely to lead you to the promised land. If you worked and failed as much as some; you relize there aint no free lunch and you should not demand it of others.
--there are no plug and play ea's on any site I have seen will make you money based on current strategies.
--give it a minimum of 3-5 years before you make it work.
  • #55
  • Jan 30, 2010 7:17pm Jan 30, 2010 7:17pm
Quoting erikte279

Im simply incinuating that imo one should develop his/her own views on the market through oberservation and due dilligence. IMO the chances of a professional, consistantly profitable trader divulging his system is small, just my opinion though.

Bollocks. the oberservation and due dilligence will take you years. And you will probably be on the wrong track anyway.
Bollocks, go read Jacko and James16 threads. Two good professional profitable traders.
  • #56
  • Jan 30, 2010 8:27pm Jan 30, 2010 8:27pm
just keep on reading...sticking with FX is not for soft will people...read the following artical why traders win and fails...

http://www.forexfactory.com/showthread.php?t=3156
  • #57
  • Last Post: Feb 6, 2010 2:36am Feb 6, 2010 2:36am
Quoting erikte279
IMO the chances of a professional, consistantly profitable trader divulging his system is small, just my opinion though.
Absolutely, because consistently profitable traders know that it's not just their system which makes them consistently profitable.

It's a funny thing, the ones who shout loudest on forums about being profitable are usually the ones who are losing the most!
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