Recent content by TheScientificTrader

NoNonsenseForex is a fantastic channel for the realities of trading. You don't have to implement his style because the approach you take should be one grounded in a philosophy that suits you. For example, I have always been a traditional long-term trend follower, following the philosophies of...

This depends on your definition of mentor. A mentor is not a trading education company. A mentor is someone who teaches you the underlying principles and philosophy of your trading style. A mentor is someone that nurtures a trading style that resonates with the student - for example, if I am a...

I wholeheartedly agree with this. If you want to be a successful trader you have to follow the following steps: 1) find a trading philosophy that resonates with you 2)build a trading strategy that is based on the principles of your philosophy. 3) manually backtest your strategy at a portfolio 4)...

Hi Sunny, I would recommend trading for 12 months- but if you really cannot wait, then at least 6 months. Demo trading is important for a number of reasons beyond the practical lessons of trading. It helps you understand the intricacies of your trading system, it trains your mindset, it exposes...

Hi Thabang, good on you for persevering- I know it's not easy to keep going when you've blown up 3 accounts but what you need to do is go back to the drawing board. Once you've identified a philosophy that resonates with you, you need to translate the principles you like into a viable trading...

That's good advice- I demo traded for 18 months before going live. Before you even start demo trading, you need to identify which trading philosophy resonates with you. I am a systematic trend follower - I don't try to forecast market movements; I just make sure that I am in the trade when a big...

I completely agree with this. There a million different ways to make money in the markets and none of them involve a "holy grail" approach to trading. I began learning about trading 3 years ago and have tried a lot of different trading ideas. Candle patterns was the first approach that I...