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The hardest game in the world

  • #21
  • Edited 10:46am Jun 2, 2016 3:42am | Edited 10:46am
Another recently released video, looks like part of a webinar run by Tom Dante. High quality info from an experienced trader -- IMHO.

Inserted Video


__________________________________________

[EDIT] I've just discovered that Tom is a commercial member here, posting as 'the_wizard'. No doubt the naysayers will cry foul, and possibly accuse me of some kind of affiliation**, but that doesn't change the material that's presented in any of the videos here, which are of course FREE. Anybody who wants to take this further and spend money on education does so at their own risk.

[** which is completely untrue, as I only learned of Tom's existence after reading this thread.]
  • #22
  • Jun 2, 2016 3:50am Jun 2, 2016 3:50am
Quoting bloodpoodle
{image} Forex is never easy money. Its not impossible.. Anybody who tells you its easy is a LIAR!
yep, same goes for binary options. easier to control risk but still just as hard as forex.

discipline is what i struggle with the most.
  • #23
  • Jun 2, 2016 3:55am Jun 2, 2016 3:55am
Quoting hanover
Another recently released video, looks like part of a webinar run by Tom Dante. High quality info from an experienced trader -- IMHO. https://www.youtube.com/watch?v=Uzq1jgNKuBc
Thanks for sharing H :-)
  • #24
  • Jun 2, 2016 8:08am Jun 2, 2016 8:08am
Quote
Welcome to the hardest game in the world.
I humbly beg to differ. Any of you played the original Doom on 'Nightmare'? That game whooped my ass and scared the crap outta me when I was a kid. Never could finish it on 'Nightmare'.

Trading?

- Make a bunch of buy/sell orders.
- Check it every once in awhile while trying not to fall asleep.
- Go about daily business like a normal well-adjusted human being.
  • #25
  • Jun 3, 2016 9:53pm Jun 3, 2016 9:53pm
Trading is not hard.
Traders make it hard.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #26
  • Jun 3, 2016 11:42pm Jun 3, 2016 11:42pm
once I stopped using stops it became easy.
Hedging is relaxing safe and simple.
Upon realisation everything you thought was hard becomes easy.
It can only go two ways which is extremely good odds don't you think?
FREEDOM IS SECURITY.
  • #27
  • Jun 5, 2016 10:31pm Jun 5, 2016 10:31pm
Quoting hanover
Another recently released video, looks like part of a webinar run by Tom Dante. High quality info from an experienced trader -- IMHO. https://www.youtube.com/watch?v=Uzq1jgNKuBc __________________________________________ [EDIT] I've just discovered that Tom is a commercial member here, posting as 'the_wizard'. No doubt the naysayers will cry foul, and possibly accuse me of some kind of affiliation**, but that doesn't change the material that's presented in any of the videos here, which are of course FREE. Anybody who wants to take this...

Anyone who's ever seen my opinions of commercials on this forum will know I have a true loathing for them as a rule..but I have to say I like this guy's videos.
He has a no bull approach and lacks the normal marketing BS you see from the rest of them.
He may be commercial here but seems inactive.

I personally wouldn't buy his wares (some of his videos are pretty expensive too really)but the free stuff he releases is well worth watching in general terms and he comes across as someone who actually does trade.
Thanks for sharing!
Wealth comes from what you keep, not what you earn
  • #28
  • Jun 5, 2016 10:45pm Jun 5, 2016 10:45pm
Quoting bloodpoodle
{image} Forex is never easy money. Its not impossible.. Anybody who tells you its easy is a LIAR!
Is that from Tom Dante's Website?

Should have read the rest of the posts......silly me, you don't need to dignify my post with a reply
AVT INVENIAM VIAM AVT FACIAM
  • #29
  • Jun 6, 2016 1:18pm Jun 6, 2016 1:18pm
Quoting trader34
he comes across as someone who actually does trade
He's been interviewed elsewhere and claims he's been trading for 14 years, including 3 years as a prop trader. The viewer can choose to believe that, or not.

Personally, it doesn't bother me whether he's commercial or not. His YouTube videos are free, and I think the material is great, although perhaps I'm biased, as it confirmed many of my own beliefs (e.g. that decisions should be based on market behavior/probabilities, rather than one's P/L; that thinking in terms of the "market's money" is nonsense; that moving SL to BE is little more than a comfort measure; the importance of contextual analysis; that even the most successful traders have losing months, even losing quarters; that the law of attraction is superstitious nonsense; that R:R is a dynamic process; etc etc).
  • #30
  • Jun 6, 2016 3:30pm Jun 6, 2016 3:30pm
Quoting Mingary
{quote} "You can only do this by mapping the territory" Actually, this is the correct statement: The map is not the territory
Well that's a wonderfully clever sounding statement but it seems both obvious and totally meaningless - of course the map is not the territory but does that imply that the map is of no use? Would you really want to go walking in the wilderness or climbing in the Cairngorms without a map? I think plenty of people try it every year and end up needing to be rescued. Not that a map guarantees one won't get lost or need rescuing but it's certainly a step in the right direction - assuming that one has the right map and knows how to use it. I once knew someone who tried to sail a yacht from Anglesey to the south of France using a road map of the British Isles - he got as far as North Devon before he needed rescuing - all things considered getting that far seems quite an achievement.
  • #31
  • Edited Jun 7, 2016 1:25am Jun 6, 2016 11:52pm | Edited Jun 7, 2016 1:25am
Quoting bartlby37
{quote} Well that's a wonderfully clever sounding statement but it seems both obvious and totally meaningless - of course the map is not the territory but does that imply that the map is of no use? Would you really want to go walking in the wilderness or climbing in the Cairngorms without a map? I think plenty of people try it every year and end up needing to be rescued. Not that a map guarantees one won't get lost or need rescuing but it's certainly a step in the right direction - assuming that one has the right map and knows how to use it. I once...
Here is an example:

http://www.forexfactory.com/news.php...66#post8966034

perhaps this is a land mark on the map called "The culling of the herd" but features such as this one are always found on the territory - never on any map. And, what's not on the map will kill you.
Therefore the map is useless in the long run... and probably in the short run too.
(;
  • #32
  • Jun 7, 2016 2:21am Jun 7, 2016 2:21am
Quoting Mingary
{quote} Here is an example: http://www.forexfactory.com/news.php...66#post8966034 perhaps this is a land mark on the map called "The culling of the herd" but features such as this one are always found on the territory - never on any map. And, what's not on the map will kill you. Therefore the map is useless in the long run... and probably in the short run too. (;
Ah but all the best maps have places marked "Here be monsters" ;-)
  • #33
  • Jun 8, 2016 12:41am Jun 8, 2016 12:41am
Quoting bartlby37
{quote} Ah but all the best maps have places marked "Here be monsters" ;-)
In reality this is not the case.
  • #34
  • Jun 8, 2016 1:33am Jun 8, 2016 1:33am
Forex isn't as simple. It depends on your edge and what your investment objective is. There are some well known simple trading strategies that have moderately good returns. It looks as though fundamental analysis makes FOREX trading harder.
  • #35
  • Jun 8, 2016 12:04pm Jun 8, 2016 12:04pm
Quoting Mingary
{quote} In reality this is not the case.
Well my last comment was mostly tongue in cheek - and I do accept that there is no map that can tell us when and where these events will happen - but knowing that they do happen is surely part of one's mental map of the markets - Naseem Taleb of Black Swan fame thought there was money to be made from unforseen events and traded options I believe - he bought them not sold them. For me knowing these events do happen means avoiding leverage and trading with just a small part of my available assets. That may or may not be enough to keep me in the game but should keep me from irreparable harm
  • #36
  • Edited 12:54am Jun 9, 2016 12:27am | Edited 12:54am
Quoting bartlby37
{quote} Well my last comment was mostly tongue in cheek - and I do accept that there is no map that can tell us when and where these events will happen - but knowing that they do happen is surely part of one's mental map of the markets - Naseem Taleb of Black Swan fame thought there was money to be made from unforseen events and traded options I believe - he bought them not sold them. For me knowing these events do happen means avoiding leverage and trading with just a small part of my available assets. That may or may not be enough to keep me in...
Great answer. This is my approach as well. It shows that long term success is inevitably reduced.
  • #37
  • Jun 9, 2016 12:49am Jun 9, 2016 12:49am
Quoting hanover
{quote} He's been interviewed elsewhere and claims he's been trading for 14 years, including 3 years as a prop trader. The viewer can choose to believe that, or not. Personally, it doesn't bother me whether he's commercial or not. His YouTube videos are free, and I think the material is great, although perhaps I'm biased, as it confirmed many of my own beliefs (e.g. that decisions should be based on market behavior/probabilities, rather than one's P/L; that thinking in terms of the "market's money" is nonsense; that moving SL to BE is little more...
This is good stuff for a beginner/ advanced beginner. Would have saved me a lot of time!
If you are good at something, never do it for free--Joker
  • #38
  • Jun 12, 2016 2:36pm Jun 12, 2016 2:36pm
Quoting jmn5611
{quote} This is good stuff for a beginner/ advanced beginner. Would have saved me a lot of time!
i watched part of the first video. Several good points....but....
I just don't know.....If he spent time and effort to record /edit a video, no doubt paid with money how good a trader is he? He could be that Churchill dog in the commercial.
I've been trading several years, big mistakes and several nice habits obtained. Few more, and I'll retire with nice trading account You can't make me watch, let alone record a 54 minute video, for money. Or whatever, ego, vanity....who cares..... Wise men say, Who can't do it - teach
Just a warning that forex is not easy. It's hard, draining, dangerous. Don't buy cheap advice. You need to know the market, avoid funny currencies, wake up early And never be greedy!!! My 3 cents
Not sure if THAT was in the video. If yes - good.
Beware of robber banks (RB), bad advisors.
  • #39
  • Jun 12, 2016 2:44pm Jun 12, 2016 2:44pm
Quoting Mingary
{quote} "You can only do this by mapping the territory" Actually, this is the correct statement: The map is not the territory
I think I like you mingary, maybe because I have beautiful lady and her name is MING.
the gambler
the devils apprentice Return Today: na
  • #40
  • Jun 12, 2016 2:47pm Jun 12, 2016 2:47pm
Quoting AziH
Id suggest not say that forex is a "game". "The trader who has more experience than you" - so get your experience and become more experienced than anyone else I am correct?
my opinion, for some ego maniac war general. a war, a battle is a game for them.
the gambler
the devils apprentice Return Today: na
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