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Forum elementary

  • Post #1
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  • First Post: May 30, 2021 1:00am May 30, 2021 1:00am
  •  AgentFx
  • Joined Jun 2008 | Status: Resistance is futile | 349 Posts
Is the factory still alive? Have you learned anything? Since signing up 13 years or so ago, one thing I learned is that you don't have to to be positioned in the market everyday to be successful. What about you, what's one thing you have learned?
It's me...
  • Post #2
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  • May 30, 2021 8:12am May 30, 2021 8:12am
  •  NaviHH
  • | Joined Jul 2016 | Status: Member | 113 Posts
Learned about the misinformation that surrounds to the concepts like "Tight stoploss" "Play it like a casino" "Keep your R:R above 1".
NaviHH
 
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  • Post #3
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  • May 30, 2021 10:45am May 30, 2021 10:45am
  •  epsil0n
  • | Joined May 2021 | Status: Junior Member | 7 Posts
I have learnt a few things:

 

  1. Always trade with a clean chart, indicators are useless and will damage your trading.
  2. Try to trade the way suits you, don't try to copycat others.
  3. If you can't trade the higher TF, you won't be able to do it on a 15m chart.

 
1
  • Post #4
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  • May 30, 2021 11:41pm May 30, 2021 11:41pm
  •  AgentFx
  • Joined Jun 2008 | Status: Resistance is futile | 349 Posts
Quoting NaviHH
Disliked
Learned about the misinformation that surrounds to the concepts like "Tight stoploss" "Play it like a casino" "Keep your R:R above 1".
Ignored
Wait you mean to say there is misinformation on these threads?
It's me...
 
 
  • Post #5
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  • May 31, 2021 7:50am May 31, 2021 7:50am
  •  NaviHH
  • | Joined Jul 2016 | Status: Member | 113 Posts
Quoting AgentFx
Disliked
{quote} Wait you mean to say there is misinformation on these threads?
Ignored
Dont know if its irony


What I mean, not only in forexfactory, in the whole internet.
They teach us that we have to think like they want us to.

-Just get rid of the useless information they have gave you, and here comes the question of "What is useless?", to anwser it, go live trading with a very small account and try different approaches (hedge-trading, grid trading, even martingale, carry trading, spread betting, vanilla options..., go further and do a research by yourself)

-Research how a broker works, in forexfactory we have a lot of users, some have worked in Banking and know how they operate, just look for those users and read everything they say.

-Go make an EA, not to automate your strategy, creating an EA will teach you(if you are smart enough) how you have to think in order to be profitable.

Maybe for someone what I say makes no sense.

Cheer, AgentFx

PD:English is not my main language.
NaviHH
 
1
  • Post #6
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  • Jun 2, 2021 12:43am Jun 2, 2021 12:43am
  •  AgentFx
  • Joined Jun 2008 | Status: Resistance is futile | 349 Posts
Quoting NaviHH
Disliked
{quote} Dont know if its irony What I mean, not only in forexfactory, in the whole internet. They teach us that we have to think like they want us to. -Just get rid of the useless information they have gave you, and here comes the question of "What is useless?", to anwser it, go live trading with a very small account and try different approaches (hedge-trading, grid trading, even martingale, carry trading, spread betting, vanilla options..., go further and do a research by yourself) -Research how a broker works, in forexfactory we...
Ignored
"forexfactory we have a lot of users, some have worked in Banking and know how they operate, just look for those users and read everything they say"

I would be careful with these guys they might be on the opposite side of your trades !!! Yikes

"Maybe for someone what I say makes no sense."

It makes perfect sense.

"Go make an EA"

The problem with EA is they are only as good as a traders strategy. If the strategy starts to fail all it knows is to continue, that might be bad for your equity curve lol. I have worked with some amazing developers, and have found the best Ea are the ones that learn and adapt. Those are prone to fail over the long run also, even if they look good on back testing. But this conversation is probably better discussed in another thread.
It's me...
 
 
  • Post #7
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  • Jun 2, 2021 12:57am Jun 2, 2021 12:57am
  •  asalami23
  • | Joined Jun 2020 | Status: Part-Time Trader | 150 Posts
Good thread
 
 
  • Post #8
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  • Last Post: Jun 6, 2021 4:22am Jun 6, 2021 4:22am
  •  kavanto
  • | Joined Dec 2019 | Status: Member | 189 Posts
Quoting AgentFx
Disliked
{quote} "forexfactory we have a lot of users, some have worked in Banking and know how they operate, just look for those users and read everything they say" I would be careful with these guys they might be on the opposite side of your trades !!! Yikes "Maybe for someone what I say makes no sense." It makes perfect sense. "Go make an EA" The problem with EA is they are only as good as a traders strategy. If the strategy starts to fail all it knows is to continue, that might be bad for your equity curve lol. I have worked with some amazing...
Ignored
I am also very interested in traders working in banks. do you know what topic they are on on forexfactory? Or what are they talking about? I want to consult and learn from these bank traders. thank you
 
 
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