Becoming A Professional

[AvantEdgeFX]

Fairly new to T2W, but not new to the market at all. When I teach my clients how to trade I usually battle their uninformed commentary on order flow or hunting of stops. Maybe they want to talk about oscillators or some other form of technical analysis 'unexplained'.

I first tell them if they want to trade as a professional, and more so than not this is an objective - to understand greed. They are then told to first segregate the major industrial sectors and find their greed spot. Energy - and the real fruits of a full barrel of oil, or the real cost of electricity production. Medicine and the 2$ Chemotherapy vs the $ 70,000 delivery mechanism. The legal field and political shenanigans and ultimately I want them to tell me what the abuse with the investment/banking community is. And what in that community would 'divert' profit from the average trader and make it so difficult to 'compete' with the Banks on their playing field.

They typically respond with some intelligence, but not anywhere near the culprit source. Those technical indicators that have been thrown down your throat for years on years are causing you to lose money. It's systematic coaching of your capital into the coffers of the banks and multi national conglomerates.

Then I really laugh when the largest of hedge funds reap 30% per year with their quantitative studies. Nice job boys! I've coached several students to the 90% accuracy range .. in a mere weeks. It's not a life long process unless you follow the lifelong process of what everybody else has already done.

Follow the money, unearth truth and find your share!

 

[AvantEdgeFX]

Whats even stranger is that people actually follow historical based technical indicators religiously. Sometimes they even plaster their charts with them.

 

[AvantEdgeFX]

In about 45 Minutes, I'll show you how the average trader can analyze the market with routine accuracy over 80%. In fact I'll put my money where my typing is. You can register for a FREE event that will turn your heads and rock your thoughts of historical based indicators. You must register prior. From this event I'll choose one new student and teach them how to trade to performance figures only available in most traders dreams. It's completely free but you must register! It will be the last time you will ever look for another event to register for. You won't need to!

Friday 3-7-14 10AM EST

https://avantedgefx.clickwebinar.com/AvantEdgeFX_Trader_Session/register?lang=en

 

[jeffre4]

oh boy here we go

 

[jeffre4]

apart from the lucky student the rest of us r going to pay lol

 

[jeffre4]

heck dont think i will bother

 

[gerryg]

where is the TS? still no promised continuation..

 

[Trader1UK]

In about 45 Minutes, I'll show you how the average trader can analyze the market with routine accuracy over 80%. In fact I'll put my money where my typing is. You can register for a FREE event that will turn your heads and rock your thoughts of historical based indicators. You must register prior. From this event I'll choose one new student and teach them how to trade to performance figures only available in most traders dreams. It's completely free but you must register! It will be the last time you will ever look for another event to register for. You won't need to!

Friday 3-7-14 10AM EST

https://avantedgefx.clickwebinar.com/AvantEdgeFX_Trader_Session/register?lang=en

ohmy... Another failed trader pumping

 

[IloveFXTrading123]

I checked out a few of this guy's live trading sessions as a trial member and so far I am really impressed. He called EUR/USD top on Friday within about 2 pips

 

[MajorMagnuM]

No arguing with that

 

[NVP]

In about 45 Minutes, I'll show you how the average trader can analyze the market with routine accuracy over 80%. In fact I'll put my money where my typing is. You can register for a FREE event that will turn your heads and rock your thoughts of historical based indicators. You must register prior. From this event I'll choose one new student and teach them how to trade to performance figures only available in most traders dreams. It's completely free but you must register! It will be the last time you will ever look for another event to register for. You won't need to!

Friday 3-7-14 10AM EST

https://avantedgefx.clickwebinar.com/AvantEdgeFX_Trader_Session/register?lang=en

spare me ............

 

[NVP]

I checked out a few of this guy's live trading sessions as a trial member and so far I am really impressed. He called EUR/USD top on Friday within about 2 pips

really ..........and you've also joined T2w the same time as he has ?........what are the odds of that ?

n

 

[NVP]

forexperian ...

how many threads are you starting .............??

hahahahahahahah
N

 

[Giovan]

yea yea yea, if you are that good, then spend your time trading instead of teaching. You are gonna earn more, aren't you?

 

[Forexmospherian]

forexperian ...

how many threads are you starting .............??

hahahahahahahah
N

LOL

Nothing to do with me N -

I reckon it would take between 6 and 9 months to train an FX trader with say a year of two already behind him onto my method - and even then he would then need another 1000 live trades on his own to see if he has mastered it.

Yep - it's that easy.........NOT

 

[tar]

LOL

Nothing to do with me N -

I reckon it would take between 6 and 9 months to train an FX trader with say a year of two already behind him onto my method - and even then he would then need another 1000 live trades on his own to see if he has mastered it.

Yep - it's that easy.........NOT

Spam

 

[AvantEdgeFX]

I love it!!!

 

[AvantEdgeFX]

Just a random drop in. What's a chuckle is those that don't have much of a clue are the first to be experts! I guess that can be quite typical of the forums.

 

[AvantEdgeFX]

Let's talk about regulation and transparency.

I was on the phone with a top retail firms institutional sales manager. I had asked what their trader profitability was. The answer I was given was a bit generous and well above the industry standard. I then confirmed with other data that the numbers I was told on the phone were blatantly wrong. I'm not here to judge the guy, but I know the firms reputation from a professionals standpoint sucks. But the point is this...

The conversation headed towards the transparency and why regulations prohibit them from truly giving advanced training to their clients. First of all, I knew they didn't have the information themselves - I've seen the books their so called gurus publish and they're a little less than stellar. Average at best. But as the conversation continued he was quite clear that there was a complete double edged sword at play, so I'll enlighten...

Lets first look at liquidity… yes it's voluntary, why wouldn't it be. It's a casino's edge. But providing liquidity into venues like Currenex, Hotspot, Integral etc etc.. is always two way pricing, which isn't important. But the sources are a precious commodity that they would not profit without. Somewhere the siphon of capital has to survive, and it cannot without it. This retail firm quoted 3$ per million as their wholesale commission rate, yet they charge their clients $ 70. I call this Greed. But again back to the focus of the call. Targeting the 'transparency' in question and why they would inhibit their clients from trading profitably… Well.. the obvious answer. It hurts the liquidity providers who would stop streams to a broker if the customer flow was toxic.

If we divert to illogical garbage like Frank-Dodd and FIFO requirements, they are all purported to protect to the retail trader. That's BS. They only curb business towards the brokers with connections and political ties into the top global banks. Why? Because those banks backed the regulations that were pushed in the name 'protection'. So if you ask your broker why you were misled with garbage like MACD, Stoch., Fibonacci Numbers or other nonsense, you'll see that they all have historical price reference or simply theoretical price discovery. But not one of them tell you what prices are doing right now. Without the historical references, your broker and his biggest client, the 'liquidity provider' could not profit consistently.

So if you ask why opacity remains in the biggest market, it's because regulations as pushed by politicians aren't paid by retail traders enough to outweigh political donations of the banks who lobby for more opacity as technology evolves. You're in the banks playground, regulation won't support you taking profit from the liquidity providers, so you have to discover on your own what's available and how to limit their efficiency by using tools that beats them to their own foot prints. Stay a step ahead and with the right discretion, you'll shatter the performance in your dreams a dozen times over. Only this time, it will be really.

 

[Charles Bronson]

I found the above post quite interesting. Maybe you can answer a question for me please. I was just chatting with a colleague about trading success. He said it would be impossible for me to take out substantial amounts from the market. That the brokers would be withdrawing liquidity if I was constantly making serious money.

My argument against was that they may be able to go for your stops, but they cannot really reverse the market down if the trend is up as that may tip the balance again.

Is that really the case? Does this apply to ECN brokers also? I can understand someone like IGindex or Capital Spreads doing this.

How large a size a trader consistently trade PROFITABLY before they begin to monitor your accounts?
What can they do to restrict your trading when they begin to monitor your accounts?

I am sure there are traders who take out millions from the market without any problems. Not quite there yet but it is just interesting to know how the whole thing works and what forces are at play.

Any ideas??