tms we disccus trading week
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DislikedHi.. i'm just a noob trader .First of all i'd like to say sorry because of english wasn't my nature language so may incorrect spelling and grammar.Started interesting in forex since 2005 but that time i didnt know much about forex. Plenty of tools signal etc in internet that saying profitable technic, analyze, EA, and much more. That i noticed, forex is like a traditional market where is buyer and seller, just a simple thing. In this market you should know plenty of things in your mind. You cant say fundamentals is the right one to analyze price...Ignored
DislikedHi pros and real traders . as we know there are many strategies for trading , some of them profitable just for some days and some other has not good ratio on winning . so I'm asking please share your best system here . please just share and do not discuses about them .Ignored
DislikedMoney management is extremely important but I would say that a decent strategy is more important. Good money management will stop you losing money but you will only make money with a good strategy.Ignored
DislikedI dont just jump into a strategy because I hear it is winning. To get profitable sustainable strategy, make sure to optimize it in a demo account before using it on a trade in a real account.Ignored
DislikedGood points raised domino. Risk management is key but sadly most people have to learn the hard wayIgnored
Disliked{quote} Sounds like solid advice. I started off thinking that "lagging" indicators were some sort of holy grail. I got rid of them all , mostly, i use StochRSI and ATR sometimes. I am studying and learning about the art of price action with respect to support and resistance zones. Here are a few nuggets of wisdom, not originally mine, but what has stuck with me from various books I have read over the last year. Understand that; 1) No holy grail of trading exists. Each system is a reflection of the person who created it. Creating a system is a personal...Ignored
DislikedTrading is a zero-sum game. The only viable option is to have very secure and tight risk management whenever you enter the market. Only by curbing the downside risk of risk management, only then trading can be both profitable and sustainable in the longer run.Ignored
DislikedTrading is a zero-sum game. The only viable option is to have very secure and tight risk management whenever you enter the market. Only by curbing the downside risk of risk management, only then trading can be both profitable and sustainable in the longer run.Ignored
Disliked{quote} So tired of this "zero-sum game" expression. It doesn't matter that its a zero-sum game. That has to do with the overall market itself, not to do with trading. People keep throwing that out as if it actually means something to those that are trading. I don't care what the sum is on the other side of the equation...I also don't care about the small sum collected by my broker. (In fact, I'm ok with that, as that keeps them making money and staying in the business supplying me a cheap means into this marketplace.) Secure and tight risk management...Ignored