I'm on it

The Trader's Academy - by Traders for Traders

Sure I totally understand what you're saying. I just wanted a simple explanation on accumulation. I wanted to see different point of view, if there was any. I'll try nevertheless good advise Strongtrader Thanks Medici for the ...

The Trader's Academy - by Traders for Traders

Thanks guys. Strongtrader & Medici. I can recognise a trend, reversal and a range when I see one. But I don't think I have studied accumulation much at all. I'm doing my homework now on the subject. But I would appreciate if you explained ...

The Trader's Academy - by Traders for Traders

How mechanical or discretionary is your system ? If Cat is reading the same question goes for him. From what I have read or seen on here FF and elsewhere. Most successful traders are mostly mechanical than discretionary. But there are some that ...

The Trader's Academy - by Traders for Traders

Plenty of pips to be made on GJ , EURAUD crosses in general on a daily basis. If you have the energy, focus and the patience to stuck by the screen. You have got to be serious about trading. Treat it as a real job or a business. You'll ...

Who makes real money from forex?

Well said !

Is Forex trading worth it? If so, why?

I'll take note of that !

The Trader's Academy - by Traders for Traders

From what I have noticed (I'm still new to 30sec charts) if price comes down to touch the trend line in your example (50ema on my chart) is usually a sign that the rally cooling down. Price usually bounces off this level before shooting up the last ...

The Trader's Academy - by Traders for Traders

None. That's not to say I've got a winning system. But I'm getting close. I think what new traders should focus initially is how to survive long enough not how to get rich quick (it's not going to happen). Start off with demo. If you can't learn ...

How Many Accounts Did You Blow Before You Got It Right?

A friend recommended the book said if I liked "5 people you meet in heaven" this was the next book to read.

The Trader's Academy - by Traders for Traders

You're very right in saying that its not universal. Personally I've never seen trading as a war nor something that I need to conquer but more in form of an art, a dance or a painting. It should be effortless and intuitive not forced. Having settled ...

The Trader's Academy - by Traders for Traders

Was this your entry ? Nice job either way it looks like the trade worked itself out. There were plenty of 1:2 setups earlier today. I haven't taken any. Just been recording every pattern. Asia was risk off, I think EUR crosses may pull back a little ...

The Trader's Academy - by Traders for Traders

Been drawing them everywhere . I don't how it works on higher TFs I wasn't a big fan of trend lines. I don't know why. Although my system that I used to trade from 30min produced decent results, something was off with sell signals. ...

The Trader's Academy - by Traders for Traders

Thanks Cat and everyone else for your input ! Greatly appreciated ! As someone said few pages back trading can be a lonely pursuit. In times of difficulties you have no one else to turn to who will understand what you are going through but yourself. ...

The Trader's Academy - by Traders for Traders

I'm in a similar situation except that I have no mortgage and a family to support. But I have pending mutual fund payments and bills to pay. Although I have a backup the pressure is immense. When you're a day trader trying to make a living months go ...

The Trader's Academy - by Traders for Traders

While I do agree that most come to trading to make money (lots of it lets be honest) I don't agree that its for the wrong reasons if you say making money is a wrong reason whats it different from any other job. A guy who's stuck at a dead end job ...

The Trader's Academy - by Traders for Traders

Thanks Cat ! you're absolutely right. I'm writing this down on my note and will be looking at it everyday. I'm sure many other who are struggling will find your advice helpful. Great books !! just reading your experience gave me some courage.

The Trader's Academy - by Traders for Traders

When you're trading lower TF I think you're more likely to overtrade than if you were trading higher TFs. We're not algos we can't capture every move thats likely to come by on a daily basis. You need to have a clear daily target or goal in place ...

The Trader's Academy - by Traders for Traders