- Search Metals Mine
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AlastorFate replied Jul 4, 2017I do think it's silly to teach a profitable trading system (in details) for free or even for money. Profitable systems (that are reliable for years) are about as rare as profitable retail traders. Go figure.
Scammers - Hall of Shame
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AlastorFate replied Jul 4, 2017I like this guy's professionalism in presenting himself in talks. ... But I have come across some negative reports about him. So I am not sure how much he can be trusted. If you really want to learn without 'risk', seriously get a job in investment ...
Institute of Trading and Portfolio Management - Be a Professional Trader
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AlastorFate replied Jul 3, 2017How long have you been trading? Since which year? I make the very first trade in 2008 I think. Started to get serious about trading in 2009. What is your trading style? Day trader, swing trader, scalper, position trader? Swing trader 70%; Day trader ...
Describe Yourself As A Trader
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Describe Yourself As A Trader
Started Jul 3, 2017|Trading Discussion|4 replies
This is more or less an honesty thread on your trading style and skills. Feel free to skip any ...
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AlastorFate replied Jun 30, 2017Lower time frame, master trader. You don't predict or know the next move, you anticipate/speculate with charting and technical tools, and always be prepared to be wrong.
I want to study indicators in detail
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AlastorFate replied Jun 30, 2017The first few years will be very tough. And don't think about making money in the early stage - I learnt this the hard way. - Read up recommended trading books - ForexFactory and Babypips - Look up highly rated videos on youtube to get an ...
where do i begin?
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AlastorFate replied Jun 30, 2017- Use leading indicators, like trend lines and Fibonacci Retracements. - Don't jump into a trend late on the lower time frame charts (1H chart and below)
I want to study indicators in detail
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AlastorFate replied Jun 29, 2017Trading books are great for new traders who want to learn basic trading terminologies and ideas to develop good trading skills. Take note though... Most charts in trading books are cherry picked to give the impression the authors' methodologies are ...
what is the best forex book?
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AlastorFate replied Jun 28, 2017If you already know a lot about trading and want safe guaranteed profit, and don't want to put your years of knowledge to waste... Stop trading for real. Market yourself as a trading guru and earn tons of money selling courses!
5 years and still no strategy
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AlastorFate replied Jun 28, 2017Grats on becoming a Forex millionaire in 1+ years' time.
30$ to 6 milions in 1 year and 6 months.
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AlastorFate replied Jun 28, 2017Some people don't want to be stopped out prematurely out of their trades because of volatility or because of bad entries. It has nothing to do with confidence. Trading with a tight stop loss is very difficult. While being stopped out at a bigger ...
What is overconfidence in Forex?
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AlastorFate replied Jun 28, 2017Statistically, 9 out of 10 traders lose money in Forex. There are many other factors behind it. I do not think overconfidence is a common problem because most traders get humbled by the market's vicious movement over time. More like lack of ...
What is overconfidence in Forex?
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AlastorFate replied Jun 28, 2017Everything he mentioned except actual trading.
How to Get Rich with Forex?
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AlastorFate replied Jun 28, 2017The market tends to seem to be trading at times against (retail) traders who use conventional trading strategies. Usually the big players/institutional traders are behind price manipulation because they do have the power to move prices because of ...
Do you believe brokers hunt your stoploss
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AlastorFate replied Jun 28, 2017I see another issue with the idea you are suggesting. You never specify exactly which area you are referring to by a successful trader. Your doubt is on.... The trader's trading skills itself? - Charting. Technical/Fundamental analysis skills. Risk ...
(binned per thread starter's request) Sign of a profitable tradin
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AlastorFate replied Jun 28, 2017If your trading system has the potential to make your account more than 100% return a week, your system is most likely to be extremely high risk, with major focus on maximizing profits, and little on risk management, probably taking close to the ...
Demo Forex VS Real Forex
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AlastorFate replied Jun 27, 2017Nice topic! Most of the teachings from recent decades' commercial trading courses are for the most part truths mixed with lies. Most cover legitimate traditional concepts like technical analysis, fundamental analysis, psychological managing, risk ...
Moral dilema
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AlastorFate replied Jun 27, 2017I tend to think that people who martingale are people who can't stand taking any losses, be it casino gambling or trading. It works if the market 'lets' it work. When it doesn't work, the losses sustained would be catastrophic.
Did Martingale work for someone?
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AlastorFate replied Jun 27, 2017Not an issue for my system. I will close my trade way before it hits my stop loss, if I happen to be managing the trade. I try not to let any position get worse than 20 pips if I can help it. Swing trader. Trades off 4H charts. I use a fairly big ...
Trading without stop-losses
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AlastorFate replied Jun 26, 2017Possible reasons for unease 1. Position size is too big. If 2% risk is still too big to handle emotionally, then go for smaller than that. 0.1% or whatever, it is still a trade. 2. Your trading system has not been verified to be consistently ...
Is Forex stressful?