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14 Year Old Forex Trader's Lessons

  • #41
  • Sep 15, 2011 4:05am Sep 15, 2011 4:05am
satisfied after a good trade with NZD/USD. a good 46 pips earned.


Feel free to share your trades here, success, and failures, and we should discuss what happened, so that we all can become better traders in the future
Have I got something on my face, SOLDIER?
  • #42
  • Sep 15, 2011 4:09am Sep 15, 2011 4:09am
It's one of my subscribed threads now, i wish you the best, just don't give up when markets beat you up
  • #43
  • Sep 15, 2011 4:20am Sep 15, 2011 4:20am
im 26 years old and have a 3 half year old little boy.

I shown him one of my Forex charts the other day and simply asked him, "what do you think"

he replied with

"up down up down up down, i like it"

Hes showing potential.
  • #44
  • Sep 15, 2011 4:21am Sep 15, 2011 4:21am
Quoting GoldMan.
It's one of my subscribed threads now, i wish you the best, just don't give up when markets beat you up
Goldman! It's great to know you're contributing to this thread. Trust me, the market is not to blame. It's my emotional intelligence that was in checkk. Oh god, if i become a pro trader some day, this will be one of my reminiscing memories as a young trader

Good luck to you Goldman,

if you have any good setups or ideas, please feel free to post them here.

Any pairs are welcome, any style as well.

Have I got something on my face, SOLDIER?
  • #45
  • Sep 15, 2011 4:22am Sep 15, 2011 4:22am
Quoting deankenny21
im 26 years old and have a 3 half year old little boy.

I shown him one of my Forex charts the other day and simply asked him, "what do you think"

he replied with

"up down up down up down, i like it"

Hes showing potential.

Oh yes, what a good sign at a young age! I have a feeling that he likes volatile and liquid markets. He might become a pro scalper!

Scalping is much more difficult than swing trading. It involves more focus, more action, and more entry, exits.

Best regards to your son my friend!
Have I got something on my face, SOLDIER?
  • #46
  • Sep 15, 2011 4:29am Sep 15, 2011 4:29am
Quoting bumapatria
My live account dwindled from a nice $400, to a mere measly $1.96. This thread is to explain how important discipline, emotional intelligence, and consistency is. I won big because i was able to be discipline once in a lifetime, and i wanna hit that road again. There's always a detour to a lost road right? Going back on demo to repair mistakes, become a proficient trader. Better than the one so far.
Good luck! I hope you'll have enough ambition and persistence to pull it off.
I can't imagine myself trading Forex when I was 14. It would had been a disaster.
  • #47
  • Sep 15, 2011 4:39am Sep 15, 2011 4:39am
Quoting Giansar
Good luck! I hope you'll have enough ambition and persistence to pull it off.
I can't imagine myself trading Forex when I was 14. It would had been a disaster.
thanks mate,
Yeah, i love the business, how it works, and it really teaches me about life itself. You'll begin to value life, yourself, and become a better person if you truly devote learning the forex market. trust me, forex is 90% emotional intelligence, and 10% skill.

Good luck to your trading buddy!

Share your trading experiences here, if you dont mind
Have I got something on my face, SOLDIER?
  • #48
  • Sep 15, 2011 4:53am Sep 15, 2011 4:53am
i will post my live account stats soon, to show you the crisis that happened to me..

Hoping to get better always though!
Have I got something on my face, SOLDIER?
  • #49
  • Sep 15, 2011 5:21am Sep 15, 2011 5:21am
Quoting bumapatria
Share your trading experiences here, if you dont mind
Not much to share yet.
I am at the beginning of the road myself. I try to learn as much as I can and I'm figuring out my trading style. For now I think I already now I am a PA trader and strictly technical trader (each time I tried to trade based on fundamentals it only got me into trouble).
I love to keep up with the cornucopia of trading systems, methods and strategies that people share here on the FF. I regard trying them out and understanding how they work a great education and fun at that.
Right now I am following this thread by Razorman:
http://www.forexfactory.com/showthread.php?t=310120
The method is outstanding - it's pure TA/PA, it's logical, it's complete - gives you clear entries, exits and stops and it's extremely simple.
  • #50
  • Sep 15, 2011 5:26am Sep 15, 2011 5:26am
Quoting Giansar
Not much to share yet.
I am at the beginning of the road myself. I try to learn as much as I can and I'm figuring out my trading style. For now I think I already now I am a PA trader and strictly technical trader (each time I tried to trade based on fundamentals it only got me into trouble).
I love to keep up with the cornucopia of trading systems, methods and strategies that people share here on the FF. I regard trying them out and understanding how they work a great education and fun at that.
Right now I am following this thread by Razorman:
http://www.forexfactory.com/showthread.php?t=310120
The...
I'd love to check it out my friend! I personally love trading with TL's channels, and entry is based on pivot supports and resistances. simple, yet effecctive. my tp is most of time set at 25-50 pips. No one wants a losing trade.

Have I got something on my face, SOLDIER?
  • #51
  • Sep 15, 2011 5:55am Sep 15, 2011 5:55am
Quoting bumapatria
Goldman! It's great to know you're contributing to this thread. Trust me, the market is not to blame. It's my emotional intelligence that was in checkk. Oh god, if i become a pro trader some day, this will be one of my reminiscing memories as a young trader

Good luck to you Goldman,

if you have any good setups or ideas, please feel free to post them here.

Any pairs are welcome, any style as well.

I recomend swing trading for you because first of all it is easier then scalping and also it teaches patience. Many beginners try to be in every trade, they rush around and then they end up with the margin call.
I use GMMA, if your interested then i share some files with you, they explain the basics of it. But remember, price action is most important than any indicator.
Attached File(s)
File Type: doc Getting the GMMA right.doc   78 KB | 643 downloads
File Type: doc GMMA RELATIONSHIPS.doc   129 KB | 512 downloads
File Type: doc Guppy Multiple Moving Average.doc   108 KB | 551 downloads
File Type: doc THE GMMA-Trading The Breakout.doc   93 KB | 558 downloads
  • #52
  • Sep 15, 2011 6:01am Sep 15, 2011 6:01am
Quoting GoldMan.
I recomend swing trading for you because first of all it is easier then scalping and also it teaches patience. Many beginners try to be in every trade, they rush around and then they end up with the margin call.
I use GMMA, if your interested then i share some files with you, they explain the basics of it. But remember, price action is most important than any indicator.
I've heard of the Guppy MA, ill be willing to check this out. Goldman, can you please define pa for me. I'm getting mixed signals on what it truly is.

I use support and resistance, and a non-lag MA.

I love swing trading, but entry is key, and usually i miss such opps. Thats why in demo im trying out pending orders.
Have I got something on my face, SOLDIER?
  • #53
  • Sep 15, 2011 6:09am Sep 15, 2011 6:09am
Quoting bumapatria
I've heard of the Guppy MA, ill be willing to check this out. Goldman, can you please define pa for me. I'm getting mixed signals on what it truly is.

I use support and resistance, and a non-lag MA.

I love swing trading, but entry is key, and usually i miss such opps. Thats why in demo im trying out pending orders.
I think full understanding of PA is mostly gained by experience but i think Nial Fuller’s videos may help you, he has youtube here
  • #54
  • Sep 15, 2011 6:23am Sep 15, 2011 6:23am
Well done kid for hanging in there.

Just a little lesson. There is nothing you can borrow, beg, buy or steal to make it in this business.

Nobody, and I mean nobody who has a winning strategy/style is ever going to share it on a public forum with some muppets he/she doesn't know from Adam.

Stay away from the strategy/system threads, they are full of rubbish. If any of 'm really had a winning system he would be on the phone to GS/DB/UBS and flog it for a couple of mill, not post it on an anonymous forum like this.

You need to find your own style/strategy. Ignore all the systems/styles/strategies that ppl recommend to you here or elsewhere.

Keep at it and GL.
  • #55
  • Sep 15, 2011 6:30am Sep 15, 2011 6:30am
Quoting cloggie
Well done kid for hanging in there.

Just a little lesson. There is nothing you can borrow, beg or steal to make it in this business.

Nobody, and I mean nobody who has a winning strategy/style is ever going to share it on a public forum with some muppets he/she doesn't know from Adam.

Stay away from the strategy/system threads, they are full of rubbish. If any of 'm really had a winning system he would be on the phone to GS/DB/UBS and flog it for a couple of mill, not post it on an anonymous forum like this.

You need to find your own style/strategy....
Thanks cloggie, i honestly never visit the trading systems threads. I have a solid support and resistance entry exit strategy with pp's. I just need a few more indicators or something that gives me more confidence and more conviction when i open a trade. Sometimes fear stops you from gaining, and sometimes greed keeps you from gaining.

Thanks for the advice,

All the best for your trades.
Have I got something on my face, SOLDIER?
  • #56
  • Sep 15, 2011 6:34am Sep 15, 2011 6:34am
Quoting bumapatria
Thanks cloggie, i honestly never visit the trading systems threads. I have a solid support and resistance entry exit strategy with pp's. I just need a few more indicators or something that gives me more confidence and more conviction when i open a trade. Sometimes fear stops you from gaining, and sometimes greed keeps you from gaining.

Thanks for the warning,

All the best for your trades.

You were profitable on demo, you failed live. There is a lot you need to learn about yourself before you are ready to go back live again. Don't go looking for indies to make up for your own shortcomings and failures.

Go back over each and every trade you made in your live account and see if you can pin it down. Start a trading journal from now on and write down as much as you can about your trades, you can then look back over them in the weekends and figure out where you went wrong.

Indies are not the answer.
  • #57
  • Sep 15, 2011 6:37am Sep 15, 2011 6:37am
Quoting cloggie
You were profitable on demo, you failed live. There is a lot you need to learn about yourself before you are ready to go back live again. Don't go looking for indies to make up for your own shortcomings and failures.

Go back over each and every trade you made in your live account and see if you can pin it down. Start a trading journal from now on and write down as much as you can about your trades, you can then look back over them in the weekends and figure out where you went wrong.

Indies are not the answer.


I started doing so, and one thing i keep forgetting to mention is the CAUSE of the failure or success of a trade. I'll make sure i will. Cloggie, since you're one of the experts here, do you have any advice regarding emotional intelligence? So far, mere words didn't penetrate my mind. I need convincing statements. Exactly what i get from you: firm, yet true advice.

Thanks in advance
Have I got something on my face, SOLDIER?
  • #58
  • Sep 15, 2011 6:40am Sep 15, 2011 6:40am
Quoting cloggie
Well done kid for hanging in there.

Just a little lesson. There is nothing you can borrow, beg or steal to make it in this business.

Nobody, and I mean nobody who has a winning strategy/style is ever going to share it on a public forum with some muppets he/she doesn't know from Adam.

Stay away from the strategy/system threads, they are full of rubbish. If any of 'm really had a winning system he would be on the phone to GS/DB/UBS and flog it for a couple of mill, not post it on an anonymous forum like this.

You need to find your own style/strategy....
Those are wise words, there is no such thing as 100% winning strategie/systems. Everyone must find their own way what is suitable and works for them.
I disagree with one thing, don't stay away from the strategy/system threads, yes, most of them are BS but there is still something that you can learn and mix with your own style. Only you can work yourself up by testing different styles etc.
  • #59
  • Sep 15, 2011 6:42am Sep 15, 2011 6:42am
I made my first stock market trade when I was 13 so the only thing I would suggest to you is to see your teens as a learning journey. The most important period for any exceptional trader.


What you want is to discover the best trader inside you by the time your 20, to take it to the next level, and you have the most precious commodity out there; time. Use it wisely, don't be too cautious.

Experiment ,read ,dare, fail , and as cloggie said, keep at it.
  • #60
  • Sep 15, 2011 6:44am Sep 15, 2011 6:44am
Quoting GoldMan.
Those are wise words, there is no such thing as 100% winning strategie/systems. Everyone must find their own way what is suitable and works for them.
I disagree with one thing, don't stay away from the strategy/system threads, yes, most of them are BS but there is still something that you can learn and mix with your own style. Only you can work yourself up by testing different styles etc.
That's true, never shy away from knowledge is truly spoken. I need something mostly on emotional intelligence. i want to be learning also from not doing anything, rather than also learning something from losing, if you get what i mean.
Have I got something on my face, SOLDIER?
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