We all know 99% of forex traders neglect, how do you feel if the 99% ask you to discuss with your system in order that they can combine the 1%?
We all know 99% of forex traders neglect, how do you feel if the 99% ask you to discuss with your system in order that they can combine the 1%?
I create consistent profits and that I do talk about my system for free - to not be generous however, more to keep myself in check. Just like a schoolteacher who really needs to know his shit, otherwise he will just look ridiculous. I dont believe I'm sarificing anything, since very few individuals have the patience and discipline needed to stick to a system like mine.
Risk management of at least 1:2 works wonders if you can discover superior set-ups. I exchange channels with some kind of momentum to confirm. I don't actually have a set strategy other then risk and cash management. I don't think there is any reason for a trader to keep your trading style or system that a secret no justification to sell your system if it is truly profitable. That's only greed in my view.
Why can it eliminate their advantage?Originally Posted by ;
Just how long do you think that it would take one of those billionaire traders to describe their method to a newbie?
Would you feel the newbie would be in a position to simply generate the exact same %ROE since the billionaire from day one?
Just how long can it take for you to build up that system? I am asking when it comes from teh time you started to consider creating a system into the time you created one.Originally Posted by ;
I think that is quite true regarding the risk management. I am currently testing a system on forex tester. My results are pretty great so much because I have a fixed 3:1 RR.Originally Posted by ;
I don't know what approach you take to the markets but from my experience, embracing we cannot accurately predict, and that we have to deal with the unpredictability of price is your secret.Originally Posted by ;
The market is not a mystery that once you figure out it it becomes an ATM
it is easy
inconsistent
not random
work with that
You are right that good traders can see nude chart and understand where is going to go, but understanding of market that you get with display time when your mind I seeing direction without further tools. There is thousand methods to skin or ch fish a. Only thing which stop traders from becoming profitable is that they selves.
Lot's of times I open 4HR chart or Daily chart, I take a look, I instantly see, what next I need to do and what are the possibilities, just using trading 4HR charts and checking the Daily.
You may use what indior you wan't or what system you want, but you are the only one that decide to act and engage, emotions are our biggest enemy in gambling.
I've learned that from my experience, I learn Foreign Exchange two years, I've traded different system on demo, I earn money on demo and everything is ok I make lots of profits, but when I put actual money I am to psychological and over-trade, and over-trading is best for every trader. The less I trade the more I make.
IMPATIENCE is poor thing.
If anyone wan't to turn into 1% or in 5%, he must practice psychological detachment and discipline, after your plan, and accommodate be versatile.
My decision is after 2 years analyzing different approaches, trading plans, egies, I want to stop emotions to interrupt, If you can overwhelm your self, than you can overwhelm everything.
We all do if we would like to achieve best results, we first need to conquer our selves.
Regards,
P.S. I will combine the neighborhood of profitable traders, I never give up. Same should be carried out by most traders, you don't allow your self to be defeated and quit. Always give one more attempt.
BTW Guys im only having some fun with all the occupy wall street motion that going on in the u.s., I don't think they understand the 1% are the ones that own businesses and provide jobs and create more millionaires that contribute to the 1%. j