I'm new to this forum today, and very to new to Forex in general although I've read several books already. I still feel lost when I'm sitting in front of my demo account looking at charts, so I've decided to research some training courses. To date I've spent about $200 on different e-books, and regular books. I think I could spend another $1000 on stuff like this and still be confused. I saw Robs posts and was thinking about taking his training, has anyone here taken it, and if so what did they think. I would also love to hear about other training courses people have used and profited from. Thanks guys
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- Last Post: Jul 6, 2006 9:23pm Jul 6, 2006 9:23pm
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
I'm new to this forum today, and very to new to Forex in general although I've read several books already. I still feel lost when I'm sitting in front of my demo account looking at charts, so I've decided to research some training courses. To date I've spent about $200 on different e-books, and regular books. I think I could spend another $1000 on stuff like this and still be confused. I saw Robs posts and was thinking about taking his training, has anyone here taken it, and if so what did they think. I would also love to hear about other training courses people have used and profited from. Thanks guys
) here on the forum are top notch. We got a few pro's here and God knows we have our share of amaeturs... myself included.Regarding books -- tell me about it! I've got a crap load.
I never took any classes to learn how to trade. Ya just gotta love this stuff man. The nice thing about trading is that there's so many opportunities to make money -- so many different ways. You can trade forex, do carry trades in forex, trade equities, trade futures, bonds, notes, whatever... it's limitless.
Ya know what my first "system" was? A momentum oscillator and an EMA. When the oscillator crossed below the EMA, I went short. When it crossed above it, I went long. That's how I started trading. And to be honest, it wasn't robust at all... heh heh. But God knows it actually was profitable on about six or seven stocks...
So I have a mentor, right... well I tell him about my strategy. He looks at me and says, "You don't have a trigger... what's your trigger." I was like, "Huh?" I don't know, I just go long when it does this and short when it does this...
He's like, "Ya know, if you backtest it and it's profitable, hey, that's great, but most guys I know have a trigger... but if you backtest it... then trade it if you feel comfortable..."
The point is, don't feel overwhelmed. Keep it simple! You don't have to be smart. You don't have to have a degree. You don't have to be a financial whiz kid.
Just keep it simple.
Mr. Trend