Hey dear Pipmakers!
The purpose of this thread is to share some of our favorite trading myths.
Ever felt irritated that some old-fashioned piece of trading advice is still being touted even after being so thoroughly debunked in your own private debates with your self? Ever felt outraged that more people don't know what's happening inside your head and are therefore still providing a safe breeding ground for propagating-loving memes (in the Susan Blackmore sense)? Well, this is the place to express your ire!
Debating is allowed, as long as it's kept civil! And when I say civil, I don't mean North vs. South, that's a civil war, it's the exact opposite of what we want. I don't mean East Coast vs. West Coast either; I don't know of any rapper called Civil. Also, I don't mean Overton vs. Anheuser-Busch Co., that's a civil lawsuit. I also don't mean Sid Meier's Civilization (unless you're seeking a diplomatic victory), and I don't mean Captain America vs. Iron Man. Those are exactly the kinds of scenarios we want to avoid!
Okay, now that that's clear, let's get on with the myths!
The following is my weak attempt at a Table of Contents for this thread. It's incomplete, inaccurate, and my own posts feature prominently in it :
Positive Risk Reward Ratio :
http://www.forexfactory.com/showthre...26#post7856526
http://www.forexfactory.com/showthre...95#post7857695
http://www.forexfactory.com/showthre...87#post7861887
http://www.forexfactory.com/showthre...99#post7857899
I trade pure Price Action :
http://www.forexfactory.com/showthre...51#post7856551
Markets are fractal / Lower timeframes have more noise :
http://www.forexfactory.com/showthre...73#post7856573
http://www.forexfactory.com/showthre...88#post7862188
http://www.forexfactory.com/showthre...84#post7862284
You can make a living trading forex :
http://www.forexfactory.com/showthre...13#post7857013
http://www.forexfactory.com/showthre...80#post7857780
http://www.forexfactory.com/showthre...85#post7857785
Moving your SL to BE :
http://www.forexfactory.com/showthre...26#post7857026
Pros teaching Amateurs :
http://www.forexfactory.com/showthre...11#post7857511
http://www.forexfactory.com/showthre...52#post7860452
http://www.forexfactory.com/showthre...16#post7861216
Banks/Big Dogs/Big Players/Market Makers aren't out to get you, they aren't manipulating the market, stop being paranoid and just admit you're a bad trader :
http://www.forexfactory.com/showthre...71#post7868171
Price Action is a leading indicator :
http://www.forexfactory.com/showthre...13#post7862313
90-99% of forex traders fail to make money :
http://www.forexfactory.com/showthre...96#post7863496
http://www.forexfactory.com/showthre...37#post7873937
The purpose of this thread is to share some of our favorite trading myths.
Ever felt irritated that some old-fashioned piece of trading advice is still being touted even after being so thoroughly debunked in your own private debates with your self? Ever felt outraged that more people don't know what's happening inside your head and are therefore still providing a safe breeding ground for propagating-loving memes (in the Susan Blackmore sense)? Well, this is the place to express your ire!
Debating is allowed, as long as it's kept civil! And when I say civil, I don't mean North vs. South, that's a civil war, it's the exact opposite of what we want. I don't mean East Coast vs. West Coast either; I don't know of any rapper called Civil. Also, I don't mean Overton vs. Anheuser-Busch Co., that's a civil lawsuit. I also don't mean Sid Meier's Civilization (unless you're seeking a diplomatic victory), and I don't mean Captain America vs. Iron Man. Those are exactly the kinds of scenarios we want to avoid!
Okay, now that that's clear, let's get on with the myths!
The following is my weak attempt at a Table of Contents for this thread. It's incomplete, inaccurate, and my own posts feature prominently in it :
Positive Risk Reward Ratio :
http://www.forexfactory.com/showthre...26#post7856526
http://www.forexfactory.com/showthre...95#post7857695
http://www.forexfactory.com/showthre...87#post7861887
http://www.forexfactory.com/showthre...99#post7857899
I trade pure Price Action :
http://www.forexfactory.com/showthre...51#post7856551
Markets are fractal / Lower timeframes have more noise :
http://www.forexfactory.com/showthre...73#post7856573
http://www.forexfactory.com/showthre...88#post7862188
http://www.forexfactory.com/showthre...84#post7862284
You can make a living trading forex :
http://www.forexfactory.com/showthre...13#post7857013
http://www.forexfactory.com/showthre...80#post7857780
http://www.forexfactory.com/showthre...85#post7857785
Moving your SL to BE :
http://www.forexfactory.com/showthre...26#post7857026
Pros teaching Amateurs :
http://www.forexfactory.com/showthre...11#post7857511
http://www.forexfactory.com/showthre...52#post7860452
http://www.forexfactory.com/showthre...16#post7861216
Banks/Big Dogs/Big Players/Market Makers aren't out to get you, they aren't manipulating the market, stop being paranoid and just admit you're a bad trader :
http://www.forexfactory.com/showthre...71#post7868171
Price Action is a leading indicator :
http://www.forexfactory.com/showthre...13#post7862313
90-99% of forex traders fail to make money :
http://www.forexfactory.com/showthre...96#post7863496
http://www.forexfactory.com/showthre...37#post7873937