success as a trader

This is a discussion on success as a trader within the First Steps forums, part of the Reception category; it isn't easy so, if you want a sure fire system - go somewhere else. If you want an idea ...

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Old May 14, 2013, 9:42am   #1
 
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success as a trader

it isn't easy so, if you want a sure fire system - go somewhere else. If you want an idea of what it takes to succeed then read on


james16 Chart Thread - Page 2789 @ Forex Factory

And this guy is well regarded as a young high flyer:

benji533's Profile @ Forex Factory

The quote from a post by Tia Forex:
"Man, this is the holy grail written out if ever I saw it........etc"

james16 Chart Thread - Page 3274 @ Forex Factory

Note the absence of signal services, "systems"etc; there may be people out there who will help you along the way but no one will give you "winning signals" tips etc - because if they could pick winners everytime would they then share them with you for a fee ? (It's called a rhetorical question.)

It's a long road but, with hard work, practice and time (including sifting threads to follow from those to discard and spotting sharks and grail merchants) one might become good at this trading business.
Happy reading and Good luck
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Old May 14, 2013, 1:14pm   #2
 
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Re: success as a trader

neil started this thread
Quote:
Originally Posted by neil View Post
it isn't easy so, if you want a sure fire system - go somewhere else. If you want an idea of what it takes to succeed then read on


james16 Chart Thread - Page 2789 @ Forex Factory

And this guy is well regarded as a young high flyer:

benji533's Profile @ Forex Factory

The quote from a post by Tia Forex:
"Man, this is the holy grail written out if ever I saw it........etc"

james16 Chart Thread - Page 3274 @ Forex Factory

Note the absence of signal services, "systems"etc; there may be people out there who will help you along the way but no one will give you "winning signals" tips etc - because if they could pick winners everytime would they then share them with you for a fee ? (It's called a rhetorical question.)

It's a long road but, with hard work, practice and time (including sifting threads to follow from those to discard and spotting sharks and grail merchants) one might become good at this trading business.
Happy reading and Good luck
Here's another poster- also seek out posts from Ryanmcd (a scalper) on Forexfactory and in Jankones thread below:
Jankone M5 thread @ Forex Factory
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Old May 15, 2013, 12:15pm   #3
 
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Re: success as a trader

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Originally Posted by neil View Post
Here's another poster- also seek out posts from Ryanmcd (a scalper) on Forexfactory and in Jankones thread below:
Jankone M5 thread @ Forex Factory
Here is something on Swing Failure Points and Rounded Re-tests.
Enjoy.
http://www.forexfactory.com/showthre...87794&page=268
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Last edited by neil; May 15, 2013 at 1:00pm. Reason: add link
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Old May 18, 2013, 6:52pm   #4
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Re: success as a trader

Do all these threads are worth reading. I mean if we will be reading so many systems it will make us confuse. Moreover, I think that there is no one sharing the exact profit system as they only sell those systems.
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Old May 18, 2013, 11:35pm   #5
 
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Re: success as a trader

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Do all these threads are worth reading. I mean if we will be reading so many systems it will make us confuse. Moreover, I think that there is no one sharing the exact profit system as they only sell those systems.
Clearly you no read the links. There be no systems to make us confuse. Price action it all be about. No sell system for all is free. No signal service or magic system. You see price in action so you decide trade. Simple yes sir
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Old May 20, 2013, 7:06pm   #6
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Re: success as a trader

I know about the price action but I was talking about so many threads in forums about the success of a system but I don't think that these systems in threads are the real profit making things shared.
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Old May 20, 2013, 7:57pm   #7
 
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Re: success as a trader

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I know about the price action but I was talking about so many threads in forums about the success of a system but I don't think that these systems in threads are the real profit making things shared.
No -these approaches (NOT SYSTEMS) are analogous to me giving you a choice of several pencils - but you have to pick one and write your story, no-one else can do it for you.
If you persist looking for"systems" and other magic bullets you will become/remain a poor man chasing moon beams

SEE MY FIRST POST ABOVE !!!
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Old May 22, 2013, 11:51am   #8
 
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Re: success as a trader

Quote:
Originally Posted by resistance View Post
Do all these threads are worth reading. I mean if we will be reading so many systems it will make us confuse. Moreover, I think that there is no one sharing the exact profit system as they only sell those systems.
Sometime's its better to just put the hours in looking, and back-testing that there comes a point where you start seeing things a little clearer.

HTH
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Old May 22, 2013, 12:12pm   #9
 
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Re: success as a trader

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Originally Posted by WinnerSinner View Post
Sometime's its better to just put the hours in looking, and back-testing that there comes a point where you start seeing things a little clearer.

HTH
Well done Winner - Yes, put in the hours reading and testing -it will take a long time before a person gets to grips with trading. As with any other endeavour, you have to put in the time and effort to achieve even a modicum of success ( there is a theory that plus 10000 hours of study is required for success in most things).

There is an abundance of posts on this site, some useful but many not so. Your task is to sift the useful from the dreadful -this takes time and experimentation.

The hardest of the dark trading arts to master is ones' psychology, but many do not appreciate this until real money is on the line and you are watching the price making an initial foray in the opposite direction to that desired.

Good luck
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Old May 22, 2013, 1:00pm   #10
 
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Re: success as a trader

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Originally Posted by neil View Post
Well done Winner - Yes, put in the hours reading and testing -it will take a long time before a person gets to grips with trading. As with any other endeavour, you have to put in the time and effort to achieve even a modicum of success ( there is a theory that plus 10000 hours of study is required for success in most things).

There is an abundance of posts on this site, some useful but many not so. Your task is to sift the useful from the dreadful -this takes time and experimentation.

The hardest of the dark trading arts to master is ones' psychology, but many do not appreciate this until real money is on the line and you are watching the price making an initial foray in the opposite direction to that desired.

Good luck
I agree.

I tried to post up my thread on my honest battle psychology, but it isnt letting me. I shall try again.
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Old May 27, 2013, 8:48am   #11
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Re: success as a trader

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Originally Posted by neil View Post
Clearly you no read the links. There be no systems to make us confuse. Price action it all be about. No sell system for all is free. No signal service or magic system. You see price in action so you decide trade. Simple yes sir
Lol Neil, you made me laugh with this response. I do want to emphasize that without hard work there will be no positive results and those who look for a holy grail are in the wrong industry.
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Old May 27, 2013, 8:52am   #12
 
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Re: success as a trader

keep on searching for the holy grail....yeah....if you happen to find it why don't you post the account statement here.......
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Old May 27, 2013, 10:29am   #13
Joined Oct 2009
Re: success as a trader

It all takes time;

T - Theory and Testing
I - Inquisitive and Implementing
M - Mindset and Management
E - Education and Emotion.

IT ALL TAKES TOO MUCH BL***Y TIME.

Now where is that link
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Old May 27, 2013, 10:51am   #14
 
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Re: success as a trader

I have found the holy grail, yes indeedy, it was hiding among the threads on a wine making forum, Its a simple recipe followed by a simple method, after about 3 weeks this beautiful red liquid is created which will change your trading style forever, it makes you trade much larger amounts, laugh when you loose loads of money, "warning though!!" it does contain some kind of software conflict that makes your charts and platform become seriously out of focus, but this will usually right its self next day.
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Old May 27, 2013, 10:52am   #15
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Re: success as a trader

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Originally Posted by wallstreetwarrior87 View Post
It all takes time;


Now where is that link


It's what you do with the time that counts. May sound obvious, but there is no point in sitting in a classroom when you have no idea what you are about to learn. Unless you just like sitting on chairs
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