The only successful currency trader I know is George Soros.
I don't go to Forex factory because I know these places are full of losers, trading failures, scammers,idiots and stupid people.Most of the trading on Forex is done by forum idiots, it is done randomly against fundamentals.Did you ever see George Soros on a forum?
keep-away-from-trading-forums
https://trade2winsite.wordpress.com/keep-away-from-trading-forums/
If you want to learn the truth, follow my blog, spending time on it reading the truth, will avoid wasting your life of a fruitless path.It is a private blog from a real trader.
In this blog you will learn how professionals trade Forex. Here is an example of George Soros trading fundamental drivers of currencies.
George Soros Black Wednesday
https://trade2winsite.wordpress.com/
https://www.blogger.com/profile/17025534471789490575
Why 95% of Forex Traders Lose Money!
WHY 90% OF TRADERS LOSE MONEY
PROOF That Forex is RANDOM
Why Trading Forex is so Difficult
The Most Difficult Part of Trading the Forex Is…
Why FOREX is the TOUGHEST INDUSTRY in the WORLD
FOREX IS A SCAM
The Straight Truth About Trading Forex
Anton Kreil Annihilates Retail Brokers and "Trading Educators"
trading education scammers (99.99% of the "industry")
The educators scammers are the blind leading the blind!
http://t2weducators.blogspot.co.uk/
https://www.elitetrader.com/et/threads/do-trading-education-scammers-99-99-of-the-industry-ever-feel-guilty.312818/
https://www.elitetrader.com/et/threads/do-trading-education-scammers-99-99-of-the-industry-ever-feel-guilty.312818/
Read More
It's Getting Harder for Currency Traders to Make Money, Market Veteran Says
The stock market is well supported ....at support levels on 4 h ,daily and weekly charts, buy the pull backs, then sit and wait for a week or two .It is also supported by fed put , investor support and money printing.Trading is very easy and very simple .Just get a set and forget strategy , on the stock indices for free .It will take you a few days to devise , at zero cost and you will get financial freedom.It avoids the snake oil of market timing , psychological wired to lose handicap and is very easy to learn.
Forex does not have a dip spring, where prices drop and rebound upwards.This is why only idiots trade forex randomly without any long term trend.
http://profitabletrading1.blogspot.co.uk/2017/10/successful-profitable-and-professional.html
Professional traders find trading is boring , because they rarely trade and are usually bored with the market.The market rarely offers them good exciting trading opportunities ,they don't exist everyday or every week in the markets , they are sitting bored.Professionals understand trading psychology , mistakes that traders make and they keep trading simple.Professionals make fewer mistakes and they have a good trading plan.
Forex factory declining numbers trading losers disappear
Psychology is 80% of trading success. This is because the human with a mind is going to execute the trades and a trader’s brain command center makes all the trading decisions.The brain’s command center can shut down due to stress responses , in the middle of a trade. Emotions can override rational trading rules, systems and methods taught by educators.Good traders don't trade everyday, they rarely trade.
Why Interest Rates Matter For Forex Traders
Interest rates rise expectations give "buy the dip " opportunities.
Basic Importance of Interest Rate Decisions
How Interest Rates Influence the Currency Markets
The currency markets are intertwined with the interest rate markets allowing sovereign rates to have a direct influence on the direction of a currency pair.
expected interest rates forex trading
expected interest rates forex trading
Professional currency traders
Professional currency traders find trading is boring , because they rarely trade and are usually bored with the market.The market rarely offers them good exciting trading opportunities ,they don’t exist everyday or every week in the markets , they are sitting bored.Professionals understand trading psychology , mistakes that traders make and they keep trading simple.Professionals make fewer mistakes and they have a good trading plan.
Warren Buffet trades longer horizon , forum losers and failures say otherwise.Longer term traders can make 775%.
Buying the dips in the indexes makes profitable traders.
Trading is very easy and very simple .Just get a set and forget strategy , on the stockmarket for free .It will take you a few days to devise , at zero cost and you wil get financial freedom.It avoids the snake oil of market timing , psychological wired to lose handicap and is very easy to learn.
SUCCESSFUL ,PROFITABLE AND PROFESSIONAL currency TRADERS
Professional traders find trading is boring , because they rarely trade and are usually bored with the market.The market rarely offers them good exciting trading opportunities ,they don’t exist everyday or every week in the markets , they are sitting bored.Professionals understand trading psychology , mistakes that traders make and they keep trading simple.Professionals make fewer mistakes and they have a good trading plan.Amateur idiots don’t understand scalpers ,day traders and trend traders have odds stacked against them , these trading methods are not suitable to make money.They can’t time the markets and markets trends fail 80% of the time .They trade scalping several times a day , trend trading and losing 80% of the time due to their mindsets .They do not understand trading psychology , and why the human brain is wired to lose in the markets.Amateurs make many more mistakes.Amateurs lack a good plan.
Professionals trade psychologically correct method with an edge , amateurs trade methods and systems that are detrimental to their success.These amateur methods arouse psychological demons and cause them to make a lot of mistakes.
Planning and executing involve different skills that draw upon different parts of the brain. Planning the trade is largely a function of your intellect, the prefrontal cortex PFC. You create your plan in a relatively calm state of mind with your PFC in charge. But when it comes time to execute the plan, other areas of your brain will become involved.
Traders have zero edge , unless you have a mental edge .All your delusional edges are worth zero , if you can’t execute your edge.This is a statement according to Mark Douglas.He preached patience, discipline and eliminating errors.
Mark Douglas – MIND OVER MARKET (Full length Interview)
“No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation,” he wrote.
Here is something else he wrote on the secret to success.
“If there is such a thing as a secret to the nature of trading, this is it: At the very core of one’s ability 1) to trade without fear or overconfidence, 2) perceive what the market is offering from its perspective, 3) stay completely focused in the “now moment opportunity flow,” and 4) spontaneously enter the ‘zone,’ it is a strong virtually unshakeable belief in an uncertain outcome with an edge in your favor.
Price action relies on timing the markets , but this has been proven to be too difficult for most , according to this article below and free google searches .
Price action relies on being reality with the markets , and this article on t2w examines whe traders are not in reality with the markets.
The third most important reason is , traders using subjective price action most are set to be defeated with mind traps , there is thread on it in the psychology section.Human mind traps are the same , if applied to trading or any other activity.
In conclusion Mark Douglas, one of the greatest trading educators and authors of our time , taught us the opposite of the fake philosophy for trading genuises who only sell education, but can’t trade .His 10 rules contradict with the application of price action education of James 16 .
1. Be rigid with rules, flexible with targets.
2. Focus on opportunities that provide an edge.
3. Trade free of expectations of being right or wrong.
4. Synchronise your mind to the truth of the market.
5. Beleive in uncertanity (The market can do anything)
6. Be flexible so as to perceive with the greatest degree of clarity and objectivity of what the market is offering from its perspective.
7. Be careful what you project into the future because nothing has got the potential to create more misery and unhappiness than unfulfilled expectations.
8. To make money, trade without fear but also overconfidence.
9. The degree to which you think you know, or assume you know or need to know what is going to happen next, equals to the degree you will fail as a trader.
10. What you perceive in the market is limited to what you know less that what is blocked by fear.
No comments:
Post a Comment