I'm a newbie and just like to know on avarage how many months/years of exprience did you guys get to be come profitable month after month? and what kind of meterials/book did you read? took any classes?
thanks
thanks
How many consistently profitable traders around? 87 replies
How many strategies are u using and how many pairs do u trade? 0 replies
How many years should I test My system, to consider it, profitable? 18 replies
How many parameters are too many? 0 replies
How many pairs is considered too many? 8 replies
Quoting spankDislikedI'm a newbie and just like to know on avarage how many months/years of exprience did you guys get to be come profitable month after month? and what kind of meterials/book did you read? took any classes?
thanksIgnored
Quoting spankDislikedI'm a newbie and just like to know on avarage how many months/years of exprience did you guys get to be come profitable month after month? and what kind of meterials/book did you read? took any classes?
thanksIgnored
Quoting paul2Disliked...then go live in a micro account with $500. Consider it tuition money, because you'll probably loose it all.Ignored
Quoting twinchellDislikedHorrible advice in my opinion. Why would anyone in their right mind go into live trading thinking they will lose it all? If you do, you're foolish and should save both your time and money.Ignored
Quoting paul2DislikedThat $500 you loose in real world trading will be a better learning experience than any $500 worth of books or guru lectures.Ignored
Quoting Mr TrendDislikedGo look for the FXCM videos where Rob Booker talks... he hits the point well.Ignored
Quoting philmcgrewDislikedrob booker made a point? What was it?Ignored
Quoting Mr TrendDislikedThat particular video is very very good. Rob hits trading right on the head...Ignored
Quoting UnforeseenDislikedOr the $500 you lose in a demo account is worth more then the $500 books/lectures.
Using real money during the very beginning isn't worth it in my opinion. Maybe after you are done playing and learning through the initial learning curve with a demo account, and feel you are "ready" to try some real money to handle the pychological shift from demo to real, then yeah, i'd say the $500 then is worth what you may get out of it.Ignored
Quoting twinchellDislikedHorrible advice in my opinion. Why would anyone in their right mind go into live trading thinking they will lose it all? If you do, you're foolish and should save both your time and money.Ignored
Quoting philmcgrewDislikedOK, I'm bored, which video and what point? It's either this or clean my office.Ignored
Quoting spankDislikedThank you all for your inputs, my original plan was, read read read and apply it on my demo account until I double my demo account, however long that takes...until than no live trading!!! I started getting intersted in forex about 2 weeks ago, and so far I'm down $400 on my 5k demo account!! believe it or not I have learned a few things from my mistakes already...
is it better to trade on daily charts or 30m/1h chart for a newbie?
thank you allIgnored
Quoting rsq955DislikedHow about trading 4hr charts or longer................it will give you less wipsaws and will help teach you dicipline. I think that the 4hr chart is the min. you should look at.Also you wont trade as often.......that can be a good thing, beleive it or not. good luck man
rsq955Ignored