Am I reversing or drinking purtugues' wine?
Being a dollar bull since last week...
However at critical level.
Being a dollar bull since last week...
However at critical level.
Empty as water and soft as a facing wind mountain
Technical Analysis Fallacy
- #26,322
- Jul 5, 2011 11:51pm Jul 5, 2011 11:51pm
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
if you feel that you have understood what fti presented here by reading it once, then you proly dont understand a thing. even if you trade the method and become successful, you proly still dont really get the true message of this thread.
everything that is presented here holds the very secret of the universe. fibonacci sequence, phi, prime numbers, golden ratio, pythogoras theorem, hermetic psychology, its old and its ancient. read and read and read again then research books, internet, library, whatever and you will probably scratch the surface in the alchemy of trading, everything presented in here is almost masonic. I can bet you if you truly immerse yourself in this study, give it a year or two, you can find probably understand the secrets of the pyramids and why we pyramid our trades
. And ultimately, find yourself.
cheers
everything that is presented here holds the very secret of the universe. fibonacci sequence, phi, prime numbers, golden ratio, pythogoras theorem, hermetic psychology, its old and its ancient. read and read and read again then research books, internet, library, whatever and you will probably scratch the surface in the alchemy of trading, everything presented in here is almost masonic. I can bet you if you truly immerse yourself in this study, give it a year or two, you can find probably understand the secrets of the pyramids and why we pyramid our trades
. And ultimately, find yourself. cheers
- #26,324
- Jul 6, 2011 1:02am Jul 6, 2011 1:02am
Hi again,
the most important thing, that I have forgotten in my posting before: My advice.
If you want to get an idea of trading and also if you want to develop your trading skills with 100 or 200$ only, use a broker like Oanda. I personally do not like them very much, but is is the only broker I know from, where you can trade even nanolots (= 1 cent per pip) or smaller.
I think, to trade with real money gives you the right feeling and connectivity to the market. But trading minilots on a 200$ account will not help you in any way. It...
hi niels...in malaysia there are many brokers offer nanolots to trade such as instaforex, liteforex, etc...they offer leverage 1:1000 only for acc that is less than 1k usd.
yeah, many times this kind of leverage killed newbies. but i think that give them many good experience and lesseons in trading world before they start with big cap and get serious to trade for living.
as for me, what i've lost in market before is my 'investment' to get more experiece and lesssons to be a better trader. Thats is the good side of the 'lost' it think.
I thank sifu FTI so much for the precious lesson he gave us here freely, though manytime we have to struggle to know the real meaning of his words
and thanks much niels for your advice to small trader like me. hope next time i have more chance to do live trading sessions with u with real money, like 2 days ago. trading with senior like u, is a very good experience for me
- #26,325
- Jul 6, 2011 2:34am Jul 6, 2011 2:34am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
Hi Piccolo!
I think that you assessment is correct, however there is some (BIG) differencces in salary in different countries.
2) Small money could be 100 dol.
3) Big money could be 5,000 dol.
I do not believe that you are thinking in that kind of terms???
[color=black][font=Verdana]Care...
Big money is something you would wake up in the middle of the night running to your computer.. then realizing that you don't have an open position. just a dream.as you said, the value of money or the amount of money that is significant differs from country to country and from person to person. so does the psychology that comes with it.
Imagine the feeling when your position changes $1000 per pip and your living expenses are 100$ a week, lol. (Personal note: I don't trade $1000 per pip and my living expenses are much, much higher
)With all that said, it is your attitude that matters. We have seen fti sit through the night and babysit a demo trade.. do you have that kind of devotion and discipline?
- #26,326
- Jul 6, 2011 2:37am Jul 6, 2011 2:37am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
- #26,327
- Edited 3:09am Jul 6, 2011 2:54am | Edited 3:09am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
- #26,329
- Jul 6, 2011 3:11am Jul 6, 2011 3:11am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
I am thinking in terms of psychology. Demo is something you would trust your cat to trade. Small money is something you would call a tuition in the learning process and you will notice that it is a lot different from demo.. especially when you will need to fund the account again and again.
as you said, the value of money or the amount of money that is significant differs from country...
I do not know if my cat can trade demo, but it is for sure different to trade demo and real acc. As you said: Different psychology with demo and real.
- #26,331
- Edited 4:24am Jul 6, 2011 4:09am | Edited 4:24am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
- #26,332
- Jul 6, 2011 5:17am Jul 6, 2011 5:17am
- Joined Feb 2008 | Status: Cartographer | 1,981 Posts
An odd conversation with myself.
With Demo we learn to use metatrader and whaterever trading tool is there.
Leverage is there to maximixe risk...up to a limit.
The key ingredient to trading is the mindset.
The rest is just technique.
The mindset cannot be taught.
Mindset is learned, practiced, developed.
We start with a small trading account
and grow our sizes as our mindeset develop.
-whatever size is enough to touch you inner dragons-
Mindset evolves with time.
The Market has a mind of its own.
There is no line nor curve that lead her ways.
The waves of the sea shape its motion.
Remember Newton laws but do not hold to it.
Any moment a new potential direction.
Can you take the pain to get the gain?
Look at yesterday, a big cascading Euro.
I took it with my fingers, collected all its pips and I wonder.
Then the water rose again 1.4450
to fall again to 1.4350.
What a ride in that bull
we did!
It seems there is more to come.
Even though the hour bars look so funny.
Sorry for those that passed their money
to the bulls.
Now I am out because of a white bar showed
in the hour chart. I am a hunter in waiting
carrying arrows in my hands.
Good luck to all.
With Demo we learn to use metatrader and whaterever trading tool is there.
Leverage is there to maximixe risk...up to a limit.
The key ingredient to trading is the mindset.
The rest is just technique.
The mindset cannot be taught.
Mindset is learned, practiced, developed.
We start with a small trading account
and grow our sizes as our mindeset develop.
-whatever size is enough to touch you inner dragons-
Mindset evolves with time.
The Market has a mind of its own.
There is no line nor curve that lead her ways.
The waves of the sea shape its motion.
Remember Newton laws but do not hold to it.
Any moment a new potential direction.
Can you take the pain to get the gain?
Look at yesterday, a big cascading Euro.
I took it with my fingers, collected all its pips and I wonder.
Then the water rose again 1.4450
to fall again to 1.4350.
What a ride in that bull
we did!
It seems there is more to come.
Even though the hour bars look so funny.
Sorry for those that passed their money
to the bulls.
Now I am out because of a white bar showed
in the hour chart. I am a hunter in waiting
carrying arrows in my hands.
Good luck to all.
Empty as water and soft as a facing wind mountain
- #26,333
- Jul 6, 2011 7:48am Jul 6, 2011 7:48am
- Joined Feb 2008 | Status: Cartographer | 1,981 Posts
if you feel that you have understood what fti presented here by reading it once, then you proly dont understand a thing. even if you trade the method and become successful, you proly still dont really get the true message of this thread.
everything that is presented here holds the very secret of the universe. fibonacci sequence, phi, prime numbers, golden ratio, pythogoras theorem, hermetic psychology, its old and its ancient. read and read and read again then research books, internet, library, whatever and you will probably scratch the surface...
I see that you go it.
This thing isn't only to make money.
It goes beyond than forex.
That is the reason is so hard for some.
And also so hard to explain.
Cheer to you.
Empty as water and soft as a facing wind mountain
- #26,334
- Jul 6, 2011 8:00am Jul 6, 2011 8:00am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Nice to see you around.
I see that you go it.
This thing isn't only to make money.
It goes beyond than forex.
That is the reason is so hard for some.
And also so hard to explain.
Cheer to you.
... and all the bits and pieces around us... that we called "life"...
to me this is not fti's thread... it has grown... and evolved...
welcome all to fti's community...
all the best!
Success consists of going from failure to failure without loss of enthusiam
Many people here takes trading not seriously. Just imagine that you are employed and you say to your boss : Sorry i have to go to close some trade. Just imagine it...
First you should have conditions for trading, reserves when failed and support.
- And think about advices type : Where it go, 1,5.... 1.2 ... .. Will the person who advices this hold your hand tomorow? Next week? Who is the person? Trader or hobby trier...(to his job, where he cant say i have to trade...)? And who are you? You really want to be a trader?
And to the end... one positive...
you all right?
RGS
I do not even want to think about 1,000 dol. per pip move, espessially if it is going against you!
- #26,337
- Jul 6, 2011 10:00am Jul 6, 2011 10:00am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
Hi Fana
you all right?
RGS
Hi Qart. Yes, everything is OK. That posts from the last time weree too much for me. It has got nothing to do with Ftis teachings and attitude. Worse is, that some here are for years and they are still at the same place. Regards
it is hard to teach ...
FTI is an exception!
Ask him a question...
I know you wish well for others ...
all the best
gart