Speculation is a fine art. It involves developing a set of beliefs and a philosophy about markets. I don't think such a thing can be readily transferred.

Is Forex trading worth it? If so, why?

Why would you even consider selling something that has only gone up and up and up and up and up? At least wait for it to start coming down first.

usdjpy sell setup

Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them "funny-mentals". This is simply a misunderstanding of what indicators do. Most of them were created to lag behind and they are ...

Is Forex trading worth it? If so, why?

There is no royal road to riches in speculation but a few simple rules can at least give you a fighting chance. They are as follows: - Ride your winners - Cut your losses - Manage risk

Is Forex trading worth it? If so, why?

What speculators today do with currencies, interest rates, stock indices, commodities etc. is the same thing as what speculators many years ago were already doing with railroad/motor/mining stocks, onions, pork bellies, cotton, grains etc.

Is Forex trading worth it? If so, why?

Why not have both? A job is a source of income, trading allows one to compounds those earnings even more. In my opinion, managing one's own money using tried and true trading methods is the safest and most profitable investment for those who don't ...

Is Forex trading worth it? If so, why?

Form an opinion, bet money on it. Thats all there is to it.

Is Forex trading worth it? If so, why?

Speculation is purely a psychological game.

Is Forex trading worth it? If so, why?

The thing is most people use their rational conscious mind to attempt to solve feelings using logic and figuring. This is problematic because feelings from the primal mind are not meant to be solved in this manner. Fully acknowledging and ...

Is Forex trading worth it? If so, why?

For the same reason that most baby turtles fail to reach maturity: Many are called and few are chosen. Society works by the attraction of the many. As they are culled out, the good ones are left, and the others are released to go try something else ...

Is Forex trading worth it? If so, why?

The more important point here is that people are attempting to 'cure' or 'solve' their feelings. This approach rarely works and only aggravates the condition. Good trading involves embracing and even enjoying all the feelings that come with the ups ...

Is Forex trading worth it? If so, why?

Not only is such a system/concept unlikely to exist but this line of thinking is detrimental to proper speculation because it so blatantly invites curve fitting. You are more likely to end up with a poor system that is nicely fitted to look ...

Interested in 50% accuracy + 20SL/60TP entries

Good point. I would go even further to say that it goes contrary to millennia of ingrained behavioural traits. The kind of mental wiring required to be the best is so rare that successful speculators may as well be the lucky few survivors of a ...

Technical Analysis alone will not give you an edge

Thats up to him, he could very well look at the moon and stars if he wished. Its his opinion and money after all. Beats me. ? You said it not me.

Is Forex trading worth it? If so, why?

Trading is actually pretty simple. The speculator develops an opinion on where he thinks price is heading and then acts on that opinion when the opportunity presents itself. Thats all there is to it.

Is Forex trading worth it? If so, why?

This is seriously the best thread ever made.

A supernatural power is making me lose

If you haven't already noticed, this interplay of action and reaction is why we get trends in speculative markets. The crowds are well and truly mad and im not complaining.

Is Forex trading worth it? If so, why?

Have a read through the Market Wizards book series. Many traders interviewed didn't manage money until they achieved some level of competence. Just following the path of least resistance. Sellers of pickaxes are no more morally accountable than ...

Is Forex trading worth it? If so, why?

But this is just untrue. There are some very successful traders who were on the right track from the very start of their careers.

Is Forex trading worth it? If so, why?

Most of the information here has no value because its what people want to hear and believe. Some people will even go so far as to pay for an unprofitable system or useless information. You don't see good advice or profitable ideas because there ...

Is Forex trading worth it? If so, why?