hEY everyone,
I am new here - any tips on where do i start reading about the explanation of TRO indicators....
Where do i start
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- Jalarupa
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Hi,
Start with Never Lose Again (Baby Pips to Kreslik) I believe the rar zip files are located somewhere on the forum...
The Rat thread by TRO
Then the Zline thread of Lukx
and then the Crash Zone thread by MightyOne
Then the Blind Mouse Thread
And finally the Space Wars thread...
I think the order should be sufficient to get your the best all round education on the web.
Hope you find what you looking for.
Peace
Start with Never Lose Again (Baby Pips to Kreslik) I believe the rar zip files are located somewhere on the forum...
The Rat thread by TRO
Then the Zline thread of Lukx
and then the Crash Zone thread by MightyOne
Then the Blind Mouse Thread
And finally the Space Wars thread...
I think the order should be sufficient to get your the best all round education on the web.
Hope you find what you looking for.
Peace
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Re: Where do i start
Reading the books are great because it's good to learn more information about trading. The more that you know, the more you can apply to when you're actually trading. The best thing that you can do is to try and use a demo account. That way you will be able to try trading without having to worry about losing your own money. I have done it and I have to say that it worked pretty well for me. You just want to be careful because, demo trading may cause you to develop certain risk-loving behaviors that will surely ruin your live account in no time. It all comes down to trading psychology. Top Forex brokers will try to caution you against putting too much faith in trading results achieved with a demo account, mostly because such achievements are emotion-free. Since you don't risk real money in a Forex demo account, even with the best Forex trading platform, your results won't be reflective of what you could achieve under similar circumstances with a live trading account. And if you're looking for a good place to get a demo account, then I would suggest checking out concordbay.com/en. They have good ones and they are great to work with. Plus, you don't have to worry about having them take advantage of you like some other companies will do.
Re: Where do i start
I am also new here, I am just looking for where to start!
- TheRumpledOne
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Re: Where do i start
Osano wrote:I am also new here, I am just looking for where to start!
ALL YOU NEED TO KNOW ABOUT TRADING
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
You cannot control the probabilities of wining or losing.
You cannot control your average win size.
The only part of the equation that you can control is your average loss size.
PRICE ACTION
“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame .
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist.” - H. Rearden
1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
You cannot reduce it any further. Anything else complicates the issue.
ENTERING A TRADE
You either decide to:
1) Wait and do not enter a trade
2) Trade a breakout
3) Trade a reversal.
Those are your ONLY 3 options.
That is all you need to know about trading.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Re: Where do i start
Thank alot for sharing, I am glad you had time to respond to my request, Kindly, you've talked about trading but not recommended any best broker you would suggest to a newbie. After reading you posts I have looked for brokers and have came up with just one FreshForex. Kindly may I know your opinion about this guys. Are they worth giving a shot? Thank You
- Captain Pugwash
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Re: Where do i start
Osano wrote:Thank alot for sharing, I am glad you had time to respond to my request, Kindly, you've talked about trading but not recommended any best broker you would suggest to a newbie. After reading you posts I have looked for brokers and have came up with just one FreshForex. Kindly may I know your opinion about this guys. Are they worth giving a shot? Thank You
Here is a good place to start JUST ONE, EH?
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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