i think that manual trading this vey hard! and best this Ea trading! but find good ea this hard too (((
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indeed it will be difficult if it has no knowledge that it's maximum, but that's all we can always change it's difficult to be easy, because everything will also need to have special skills
{quote} I don't think it's simple because yesterday that friend of mine let me watch a series of videos explaining the price action trading which he told me that this is the real way to start learning correctly and make money because he saw me spending my time the whole last month on learning the divergence and support and resistance levels which he considered bullshit. And as much as it was hard to understand what's been said in these videos I feel like this is the way to do. Maybe because it's hard ? Yeah. Because I never believed in the easy...
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I quite agreed with your friend statement.
Actually the fastest signal that we can get is the Price Action.
Others just some sort of formula to further interpret the price.
Price is main indicator between willing buyer and willing seller transaction.
however, I cant find good volume analysis in FOREX.
In stock, I can check & analysis the volume stock for that particular transaction.
VSA (Volume Stock Analysis) is very good for trading stock where consists accumulation, distribution.
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Joined Mar 2016
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Finding is waste of time for trading because none going to make constant money like human brain can so do not waste time just learn the concept and use brain to create plan which can earn you money of your hardwork and analysis.
Finding is waste of time for trading because none going to make constant money like human brain can so do not waste time just learn the concept and use brain to create plan which can earn you money of your hardwork and analysis.
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in doing the study with the spirit certainly will be no end that will be felt in running its forex business, its certainly a good analysis will profit can be obtained with ease
{quote} in doing the study with the spirit certainly will be no end that will be felt in running its forex business, its certainly a good analysis will profit can be obtained with ease
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in running forex trading business we certainly need to do a study to have special skills, and of course, we could try to take advantage of a demo account or by following the demo contest to further add to the experience and also optimizes the knowledge we have
{quote} I haven't found an EA yet that I find completely trustworthy, so I prefer manual trading, regardless of how hard it is.
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EAs are mostly coded on the basis to follow the technical analysis so they may be subject to monitoring during the news release sessions otherwise they can double the trouble in the middle.
yes, trading is really that hard. It strressfull and make your hair fall out and then turn white! I know my teeth fall out and I get liver spots on my cock. My heart beat fast at 17.2% draw down and my breath smell like old ash tray. I can't sleep unless I'm drunk and I wake up with cold sweat nighmare.
Twading Is FUN!
{quote} EAs are mostly coded on the basis to follow the technical analysis so they may be subject to monitoring during the news release sessions otherwise they can double the trouble in the middle.
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I am aware of that, and that is my problem. I am a huge fan of technical analysis, but I know that it’s not the Holy Grail. One can’t rely on technical analysis alone, because human beings are sometimes pretty irrational and EAs can’t compensate for that.
Trading is not really hard neither is it an easy piece of cake. Learning with money on a real account can really be emotional at high pressure. How about you start with a demo first and learn your way up.
Trading is not really hard neither is it an easy piece of cake. Learning with money on a real account can really be emotional at high pressure. How about you start with a demo first and learn your way up.
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That is the best approach. To reach the stage where you’re trading profitably you’d have to invest a lot of time and effort in your Forex education.
{quote} That is the best approach. To reach the stage where youre trading profitably youd have to invest a lot of time and effort in your Forex education.
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effort we have to do in running this forex business, because success depends on knowledge which is owned trader, respectively. And with that we could try to conduct training on a demo account to offset trading skills and abilities that we have
If you are a beginner, you will be hard at all ... in search of strategy, psychology, not understanding where he was going price and so on. To do this, you should look for a skilled mentor who suggested to you the right way.
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I dont think that having a mentor is absolutely necessary. There is a lot of good information out there to help a person teach themselves to trade. Of course, having a good mentor to help you is beneficial.
Bigger the SL and TP the nearer it'll become to a fifty/fifty game, either profiting or losing, your input into the trade is just less, so to get to +10 winning trades your going to likely have to take 40trades per year
{quote} I am aware of that, and that is my problem. I am a huge fan of technical analysis, but I know that its not the Holy Grail. One cant rely on technical analysis alone, because human beings are sometimes pretty irrational and EAs cant compensate for that.
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Traders make money in the markets in a number of different ways, you have to pick an approach that appeals, test it or build a new system around the idea an trade it consistantly.
I am a trend trader and have been for over 25 years and that system has worked in stocks. options and now fx. I have not changed my system over all those years because it works. I have confidence in the system and know that it will produce a certain win rate over time, works in any timeframe, simple to execute. If my trading stats start to deteriorate, it is either my trading is poor or the markets are not trending. The system has never been in question.
That is where you need to be to be a consistant trader!
mT
