HaloTrader
Established member
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Don't commit.
Don't buy systems.
Just learn to trade.
The only way trading can become a stable income is if you have the ability to adapt, and you can't do that if you just use someones elses system or signals. When you understand the graph enough to make your own decisions, you'll do well, feel confident and understand what tradings all about.
If you take someone elses work, when it stops working, they understand it, change it and make it work - You're stuck with a wasted product, a lack of cash and no improvement to your trading and a waste of time... After a while you'll realise that you should have just traded properly from the start and not looked for a bunch of short-cuts like indicators.
Sure indicators can work, but they are just a representation of price, i could look at a chart and tell you what the MACD looks like, understand? Instead of letting indicators tell you its a retracement or overbought, see it in the charts formations, movement, ranges etc. When you get good at trading you realise that every indiciator you ever investigated when you started in actual fact was just showing you what the price was showing you.
Good luck sir, don't spend money on systems, read forums, be patient with your learning don't give up, read 'Come into my trading room' by Alexander Elder (this will teach you so much) read Forex Trading: Online Currency Trading in the Foreign Exchange Market, watch the charts, choose how you want to trade, do it, feel good, breakeven, gain experience, make money.
Thats the process. It may take 4 months, but you're learning how to catch the fish, not being given the fish because your hungry and then wondering how your going to get the next.
-Halo
Don't buy systems.
Just learn to trade.
The only way trading can become a stable income is if you have the ability to adapt, and you can't do that if you just use someones elses system or signals. When you understand the graph enough to make your own decisions, you'll do well, feel confident and understand what tradings all about.
If you take someone elses work, when it stops working, they understand it, change it and make it work - You're stuck with a wasted product, a lack of cash and no improvement to your trading and a waste of time... After a while you'll realise that you should have just traded properly from the start and not looked for a bunch of short-cuts like indicators.
Sure indicators can work, but they are just a representation of price, i could look at a chart and tell you what the MACD looks like, understand? Instead of letting indicators tell you its a retracement or overbought, see it in the charts formations, movement, ranges etc. When you get good at trading you realise that every indiciator you ever investigated when you started in actual fact was just showing you what the price was showing you.
Good luck sir, don't spend money on systems, read forums, be patient with your learning don't give up, read 'Come into my trading room' by Alexander Elder (this will teach you so much) read Forex Trading: Online Currency Trading in the Foreign Exchange Market, watch the charts, choose how you want to trade, do it, feel good, breakeven, gain experience, make money.
Thats the process. It may take 4 months, but you're learning how to catch the fish, not being given the fish because your hungry and then wondering how your going to get the next.
-Halo
Bloodhound
Senior member
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I'm pretty new to trading but just had a quick look and it seems to be a very well put together site with lots of useful information. If they're trying to sell something I missed it. The core seems to be based around price action - which in my book is a very good thing - although I doubt there's much on there that can't be learnt from this site.
KJ
P.S. Totally agree re never paying for systems. Why should you when there are so many for free. In my book all you need to learn is support and resistance and price action anyway....
HaloTrader
Established member
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- 615
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Rofl, sorry i just stupidly assumed you were paying for something when you said 'commit'
Sorry, try it out ma man
GCC
Active member
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It is said that the material is just an expansion of his freely available ebooks, which is also about his method. I think the better idea is to read this and try it out in a demo account (or live, even better). In the end it will be experience that really teaches you.
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