Good article outlining that prices moves quickly away from a zone where supply and demand are out of balance. Once you have identified a few of these zones then it is down to your trade plan rules how you enter and exit the market.
Next year you will have been trading for 10 years and you are still on a DEMO? Doesn't sound like you have a strong case for anything other than wannabeism.
In all fairness it needs to be at least £10,000 depending upon the Asset classes you want to trade. Some assets are more volatile than others eg FX pairs or Futures. The more stable ones are raw stocks but it can be hard to make consistent profit if only 1 stock is purchased at a time. For a...
Your best bet is to put all of your money into penny stocks. When you lose it all then you can just commit suicide like most people do whenever they try to out think the marketplace but get it wrong.
A trading "edge" is having a trading plan. Included in that trading plan is a list of all of the traders strengths and weaknesses and a strategy to overcome those weaknesses whenever the trading floor is engaged. Basically we play to our strengths naturally but ignore our weaknesses in the hope...
Recently I had to counsel a lady who delivered a 5 figure sum to Winters for his lifetime training club or some such thing. I was at a completely different business expo a year ago and saw what he was presenting for non traders and all I can say is what a fckuing tool. His main quote is that he...
Somebody has passed your name into the bucket that says "this guy is a gullable, easy to con fwckuit". Try having some fun with them the next time, string it out a bit without giving anything back.
:lol::lol::lol::cool::cool::cool::p:p
make lots of money and want to live some kind of lifestyle with freedom or fast cars or woman etc.
If there's a secret to learning how to trade then that is it.:cool:
Learn from people you can verify as traders. In the UK that means Trade With Precision, EEZEEtrader or Online Trading Academy. Look them up and do your own evaluation. Babypips has its place with a fair set of rules and procedures however there are a couple of things they say that are just...
Fair point timsk, In my view everybody should be able to read black bars before even considering a trade. It's the difference IMHO between learning to drive on an automatic and a regular stick shift. It is the capability to sift through the noise that increases the chart or price awareness. To...