snapdragon1970's Posts - Page 94

The reason that new traders fail that doesn't involve psychology in New Traders Oct 22, 2015 at 13:52

Depends on your account size starting off,if your consistent and compounding each year,it's possible.Be lucky!

The reason that new traders fail that doesn't involve psychology in New Traders Oct 22, 2015 at 13:52

Psychology has a major part to play in Trading!!!to be a professional trader you have to mind read !Be lucky!

The reason that new traders fail that doesn't involve psychology in New Traders Oct 22, 2015 at 13:52

To answer your question,most likely not,your gonna miss out on bigger profits.What time frame are you working on?look at the bigger time frames to get direction,plus any news out.whats correlated with what you trading eg: eur/usd ~ dax.whats it doing?If I open up the hour chart or 4 hour chart and spot a trend forming or a range trade,I set up support and resistance on the range trade,click on the 15 min chart,wait for the trade to spike through to knock out the retail stop losses,wait for its reversal then put a trade on,set my stoploss 2% below ,wait for my trade to play out until it gets t...

The reason that new traders fail that doesn't involve psychology in New Traders Oct 22, 2015 at 12:29

There are lots of reasons why 90% of traders fail,mostly because they have no formal training ,when your up against the brightest in the industry ,the latests news ,insider knowledge,you can't expect to jump into the ring with mike tyson and not get whacked,unless you know his weakness ,learn his moves inside out,plus someone has to pay for wall street Fundamentals are skewed and bad news is only released after top managers have sold their own stock,companies lie all the time.I have a whole list of the things you need to look at first even before fundamentals,examine the board of directors...

What Technical Indicators do you rely on before entering a trade? in Experienced Traders Oct 22, 2015 at 11:22

You can find the stats on indicators online or you can back test them yourself,I know the stats for MACD are higher than RSI.Be lucky.

What Technical Indicators do you rely on before entering a trade? in Experienced Traders Oct 22, 2015 at 11:21

Teaching my gf to scalp without indicators,one week in she's hitting 70% of trades right."take out the trash".Be lucky!

How to increase trading skills ? in New Traders Oct 22, 2015 at 11:20

FCA regulation means very little to be honest ,Ive worked in the industry.

How to increase trading skills ? in New Traders Oct 22, 2015 at 11:20

You want to go back to spreads of at least 400% wider than normal times?

Honest truth about forex..... in New Traders Oct 20, 2015 at 06:21

You have good leverage ,1:500 is nuts for any trader,good tight stop loss,your entry is paramount to your risk.1% is really tight,1.5 -2% is max for pros .Be lucky!

What Technical Indicators do you rely on before entering a trade? in Experienced Traders Oct 20, 2015 at 06:20

Cool!

How to increase trading skills ? in New Traders Oct 20, 2015 at 06:20

It's true you guys in the US get a raw deal on trading,here in Europe theres less control on many levels,you started your robot at a great time,no wonder it's working great ,you picked the bottom!

How to increase trading skills ? in New Traders Oct 20, 2015 at 06:20

Options Get an internship at a financial trading company,even if your stuck in the back office ,you will learn so fast the other side of what goes on,it will open your eyes,if you can't get in ,find an ex trader who is teaching and trading their own account,see evidence of returns.Watch them trading live,listen to them explain the setup.You can spend years learning the hard way plus lose lots of money.Be lucky!

recently joined. in New Traders Oct 19, 2015 at 13:54

Dont get to hung up on win ratio,as long as your winning trades are bigger than your lossing trades,you can have a 40% win ratio and still be in profit.True professional traders do aim for 70% no less,2% loss on a retail trade,5% on a portfolio ,mess up on risk management and your security card gets deleted during lunch break.Be lucky!

Minutes,hours,days,does it make a difference. in New Traders Oct 19, 2015 at 13:52

There's an interesting report by Francis breedon,data on Fx from the Swiss national bank.Eur/usd was doing some nice trending last week,bollinger band and psar,bouncing off extremes.Be lucky!

Minutes,hours,days,does it make a difference. in New Traders Oct 18, 2015 at 13:44

I do that as well during the European session ,mostly scalping the eur/usd ,thanks for your input ,I used to trade the DAX and Eur at work my two favourites.Be lucky

Good broker hard to find. in Experienced Traders Oct 18, 2015 at 06:22

I read a lot of complaints about different brokers,their in the game of making money anyway they can figure,be carefull with over night positions and trading around news,checkout reviews before you open a live account.Be lucky.

DEMO ACCOUNT vs LIVE ACCOUNT in New Traders Oct 17, 2015 at 15:44

A trust worthy broker.....mmmmmm Well it depends what you call trustworthy!

Minutes,hours,days,does it make a difference. in New Traders Oct 17, 2015 at 15:44

That's funny because my friend ,former Goldman sacks trader was just telling me about a trade he's setting up,I can even give you the details if you want.I don't know what way they trade in your country.we have a saying"you can lead a horse to water but you can't make him drink".

Good broker hard to find. in Experienced Traders Oct 16, 2015 at 17:41

arigoldman posted:It's hard indeed, i'm looking to change mine too.[/Make sure your money is well protectedFCA regulation means very little to be honest!IG I use and no problems with them .Be lucky

i have a profitable trading system but how to earn ? in Experienced Traders Oct 16, 2015 at 17:41

Set your alarm clock!Is your system 5 years out of date by now?

EURUSD	1.05724	GBPUSD	1.27075	AUDUSD	0.64809
USDJPY	155.974	USDCAD	1.40118	USDCHF	0.8876

Posts by snapdragon1970