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  1. Hi, I am working in trading business and looking for an automated trading system and a DMA server I wish to know how much they can cost. Do you have any experience about the prices of the products or any related information? Thanks in advance! Charly.
  2. The Triple Trend Oscillator (TTO) is a trend following oscillator devised to identify the exact technical strength of a stock or indices over multiple timeframes and can also be used as a trend and momentum indicator. The sole purpose of this indicator is to keep positions on the right side of trend and at the same time indicate trend quality. Like many other technical indicators, TTO oscillates around a zero line but with a difference. It incorporates trend oscillators which mimic the trend momentum across three timeframes, plotting them simultaneously, thus giving an overall view of the trend position. Thus it provides a better indication of trend strength which is not possible when trends are viewed in isolation. The main components of TTO are the three trend oscillators, which plot the three trends : Major, Intermediate and Minor trend. As indicated by TTO, a stock would be extreme bullish when all the three trend lines are above zero and extreme bearish when they are below zero. Between the extreme bullish/bearish phases, TTO exhibits varying degree of trend quality depending on the position of the three trend oscillators. Each sub-trend oscillates around its main trend, denoting the period of uptrend/downtrend in the main trend. Thus if the sub-trend rises above the main trend and remain there for an extended period, it has the effect of pulling up the main trend upward and vice-versa. Within the major and intermediate trends, TTO shows trend swings which are indicated by the trigger line, which acts as a leading indicator. Trading position can be taken in the direction of the larger trend based on the zero crossover of the trigger line. When trigger line crosses zero from bottom, a buy signal is generated and vice versa. An increasing value of the trigger line would depict increasing momentum and topping or reversal when it starts approaching zero line. One should be prepared to exit his position on zero crossover. Also, divergences between price and trigger line may indicate a reversal of trend. Unlike other oscillators, TTO does not have an overbought or oversold zone as these zones tend to over-extend and may remain in overbought or oversold territory for a long period till the trend is reversed. TTO relies on the trend reversal which is indicated by crossover of the shorter term trend lines. What it means is if the shorter term trend line crosses the longer term trend, a reversal is indicated. In the absence of such a crossover, the trend is assumed to continue. This logic applies to all the three time frames included in the TTO. If a lower degree trend line falls below or moves above a higher degree trend line, either the trend is weakening and reversal is impending.
  3. Our opinion is that they do! Let’s find out if we are right… We will tell you what moon phase means and what new moon and full moon is. We will find out when these events happened last year. We will analyze each graphic and understand the influence these moon phases have on the evolution of the market. Finally we will draw some conclusions to help us make financial predictions. 1. What full moon and new moon is? A lunar phase is in fact the appearance of the illuminated part of the Moon as seen from the Earth. The lunar phase varies as the moon orbits the Earth accordingly to the positions of the Moon, Earth and Sun related to each other. Every 28 days the Moon comes between the Sun and Earth. This means that the Moon is in conjunction with the Sun. At this specific moment the Moon is not visible to the eye, but the original meaning of “New Moon” refers to the first visible crescent of the Moon after conjunction. The Moon can be now seen over the western horizon and each night, the illuminated part gets bigger until, after 14 days, almost a whole hemisphere of the Moon can be seen. This is in fact the moment of the Full Moon. The Moon is now on the opposite side of the Earth from the Sun. This means that the Moon is in opposition with the Sun. The Full Moon rises over the horizon after the sunset. During the next 14 days the illuminated part decreases until the Moon is again in conjunction with the Sun (the next New Moon). The exact time for the Full Moon and the New Moon is determined using a mathematical formula and can be found in the ephemerides. The first 14 days of the lunar month represent the period when the illuminated part of this celestial body raises and is considered the best part of all 28 days. It is a benefic time for new, important and complex things, for making new plans and for starting new projects. It is exactly what the elders said: the right thing at the right time! The time between the 15th ant 28th days represents the decreasing period of the Moon and is considered inauspicious. During this second half of the lunar month we should continue the things we have already started working on and avoid making mistakes. It is not recommended to begin new actions because they are meant to fail. If we apply this new information to the financial market we can find new rules: during the new moon and the first 14 days, people are driven to put into practice new plans (buying stocks for example); during and after the full moon there is a tendency towards waiting and even selling. There is a strong correlation between the period when the seen part of the Moon increases in size and the price of the stocks going up; and between the last 14 days of the lunar month (visible part of the Moon getting smaller) and the price of the stocks going down. 2. When did these lunar events happen in the last years? This is a table with the times of the Full Moon and the New Moon in 2007 and 2008: You are shown the year, the month, the day and the hour for each astrological event. As you can see the time period between a New Moon and a Full Moon is of 14 days, so an entire moon cycle lasts 28 days (a lunar month). During a year we will have 13 lunar months. 3. How did the financial market act at these specific moments in time? Let us analyze the graphics for Dow Jones in 2007 and 2008. We have marked the points corresponding to the two lunar phases. DOW: January – June 2007 DOW: July – December 2007 DOW: January – June 2008 DOW: July – December 2008 The mathematical relation between DOW and E-mini S&P 500 futures continuous is 1:9.8, almost 1:10. This means that one Dow point represents 10 S&P points. The graphics will show an almost perfect correlation between these indices regarding the moon phases. This is why we decided to analyze only the Dow index. A mathematical study was made to compute all the lunar cycles for DJIA between 1915 and 1994. The conclusion was that there is a correlation between lunar phases and the market evolution. It also revealed some more detailed aspects very useful for trading. The study came to the conclusion that a few days before the New Moon, the market registers the lowest point of the 28 days interval. After that the market goes up for 14 days and a few days before the Full Moon goes down. The descending trend continues almost half of the next 14 days and after registering a Low, raises until the next New Moon. This is the graphic to explain what we have said. 4. Conclusions a. The graphics worth a thousand words, as it is easier to understand what you have been told after looking at a graphic. b. in most of the cases the Full Moon relates to a High, and the New Moon to a Low c. if the rule does not apply (in less that 25% of the situations), we can be certain that these astrological events relate to a strong reversal point of the market d. We have also analyzed many past years and the rules apply. You can verify the correlation also if you are attracted to this kind of research work e. By showing you this study we are not trying to convince you that astrology is perfect. We just want to highlight the fact that there are correct ways of predicting the local High and Low and the reversal points. These kinds of studies helped us along the years build our trading system, the system we are basing our analysis and forecasts on. Dharmik Team
  4. One of my systems has historically returned, via hypothetical backtest, around 60%-80% per year (for the past 10 years) when tested with a wide stop loss. The return jumps into the 100%-120% annual range when the system forgoes the stop completely. A 10k account will grow to over 2.5 million dollars in just 8 years with a 100% annual compounded return! These results lead to some interesting questions. First, we always read that past performance is not indicative of future performance. Obviously, various agencies and regulatory authorities require such disclaimers. Yet, anyone who trades a system believes that past performance is a good indication of future returns. I doubt there is any trader who doesn’t believe that. Of course, traders understand that such extrapolations are often wrong. Yet, I don’t know anyone who would trade if they didn’t on some level believe that historical performance had value. Even if its not a backtest and someone claims that the performance in a future test is important, the implication is the same which is that eventually your past performance has some value. A reasonable question is that if we rely on the historical results to guide our trading and the system performs better without a stop then what is the justification for using a stop loss. Personally, I do like the idea of the stop loss and I understand that one bad trade could wipe out a highly leveraged system as I describe. In fact, the variation that I offer has such a stop loss and stop loss guidance for this very reason. One reason that’s the case is that its my personal preference, secondly the system with the stop still produces a strong return, and last but not least is that I do design systems, like any product, for a target audience. I know that my consumers would not accept a system without a stop loss. Yet, all those reasons aside there is a strong logic that if we accept the historical results as being indicative of future returns, which we already have by virtue of using the historical returns in the first place, then without a rational basis we should trade the best returning system -- which in this case was the system that didn’t use any stop loss! I know that some will rush to judgment and assume that trading with very high leverage and no stop loss that one would be destined to blow up the account. However, the system I’m describing is a real system and was backtest over 10 to 12 years and the largest loss without a stop would have been around $2500 and there were probably no more then a couple losses that large out of hundreds of trades. It could also make sense to use a stop loss wider then any historical loss. Such a stop loss would both be unlikely to ever be hit and could provide much needed peace of mind and would, moreover, protect the majority of the account if a truly unusual deviation were to occur. I think part of the reason we like stop losses is because we don’t really want to accept the risk inherent in trading. Perhaps more to the point, we believe we can time the system or we’ll get lucky and avoid the historical losses. As a discretionary trader, I do feel that it is possible sometimes to time systems. Yet, if we choose to rely on a statistical methodology, that is not introducing unknowns, then it is rather likely that the account will be completely exhausted or mostly exhausted by the time we could recognize that the system had failed. A different approach would be to consciously allocate the entire starting balance to the system with the intention of trading the system until failure or success. It is basically a bet the farm approach. The mindset has some advantages. One primary advantage is that such an approach is simply the act of consciously realizing and accepting the risk inherent in trying to achieve the desired returns. Following this logic, we would also see that using the stop loss wasn’t optimal and may choose rationally to trade without the stop with the full knowledge that single trade could wipe out the entire account. Mathematically, sense we are already extrapolating the past performance into the future, we can also extrapolate the returns and come up with a “valuation” for the system based on the historical performance. A system that returned 100% with a 10k starting balance would be worth, as described, approximately 2 million dollars with an 8 year horizon. We could even look at it like a single trade. In this case, it would represent a 200x potential return for the starting risk! There is a problem with the extrapolated returns though. Even accepting that it could make sense to risk a small nest egg on a high risk trading system: it is much harder to justify the risk required to meet the returns extrapolated. In other words, one would have to risk 100k to make 200k and 200k to make 500k and 500k to get to a million and a million to get to 2 million. At some level, the risk required to make more just simply doesn’t make sense. As such, the extrapolated return isn’t realistic and therefore we face that problem of valuation again. Remember, we had justified trading our 10k starting capital based on the valuation that the system would produce over 2 million dollars. Clearly, this thought experiment is missing a very critical element required for implementation. The missing element was first introduced to me from another trading associate and CTA, and that missing element is the systematic method of taking out profits as the account balance grows in value. This cash flow principle completely solves the problem conceptually and completes this idea. The extrapolated returns will, of course, be reduced but the overall theses becomes workable. In fact, there is certainly a possibility that the system could fail and take a complete account loss while the trader actually produced a net profit. If the system generates enough cash flow to “pay off” the initial investment before failure then one can walk away with a net profit even in the event of system failure. The method for this calculation is based on fractional position sizing and is outside the scope of this article. Completing the paradigm would involve trading multiple systems and treating each system like an individual trade. The stop loss would be the starting account value and each “trade” or system would offer a very high extrapolated return compared to the starting balance. In this paradigm, a total account loss doesn’t infer that one “failed” as a trader but merely the system failed. The reward to the risk taken was already accepted. It goes without saying that I would only even attempt this with systems that I had a very high confidence in because bad systems could easily result in a total loss. But, let's assume we start with 50k and 5 solid systems with 100% annual returns per system and an 8 year time horizon. We'll reduce the implied return to 1 million per system due to the anticipated withdrawals. The actual reduction depends on the rate that we withdrawal profits. Furthermore let's assume that every single system but a single one fails. The net result is still that we made 1 million dollars from a 50k starting investment and that doesn't even take into the very real possibility that some systems could have payed off the initial investment and even made some profits before failure! The net result is achieving nearly 50% annualized return with an 80% system failure rate! It is clear that having a plan to withdrawal and protect profits is the cornerstone that completes such an ambitious plan. The trader who wishes to execute such an ambitious methodology needs both the capital for at least a few seed systems and perhaps more importantly the wherewithal to execute the plan over many years. Notably, there is no requirement that the trader/system developer remain inactive and dormant over so many years. The more professional approach would be to invest some of the cash flow into new systems, update working systems, and adjust allocations based on performance and market conditions. -- Curtis http://themarketpredictor.com
  5. Many considerations go into creating and running a successful trading entity. We’ll look at the most popular which get the most attention, right through to the most important, which usually get the least attention. Here is the list: 1. Entry signals 2. Risk management 3. Exit signals 4. Reliability 5. Reward to Risk 6. Opportunity 7. Capital management 8. Objectives 9. Familiarity with Markets 10. Resources 11. Mindset 12. Style 13. Management Most, and by most I mean probably close to 80-90% look at number 1 and that is it! That is a startling reality, but a reality nonetheless. But there is a reason this happens. Most new traders are unaware that such a large number of traders ultimately fail in this business, and more importantly, this fact is well known by the very people who market trading in this way. But enough of that, let’s look at some serious considerations you should make and the order in which you need to do it. Objectives – Set a target, a goal, a reason. Without this, you can’t create or find the right system for you. You won’t know whether the system will work for you, or even if it is on track or not once you begin trading it. Familiarity with the markets – Quite simply, markets move in similar patterns which is all good, but there are different costs, margins, hours of trade, laws etc associated with each market that need to be considered. Resources – These are your physical and mental assets. Everything from your time, capital, computer, to your mental strengths forms your list of resources. Day traders need different resources to a long term trader, not only in hard assets but mentally too. Mindset – This is part of your self-image. Your self-image influences your decision making process on a continual basis. It stands to reason a trader would only become successful if they were making the right decisions. You need to see yourself as a success first. Style – This is something you’ll need to work out way before you look at any system. Are you mechanical or discretionary, in other words, do you want a system to tell you what to do, or do you want to be analytical? Do you want to trade for growth or income (part of your objectives)? These sorts of styles all require different tools, and so it seems silly to purchase a system before you even know your preferred style. Once you have these aspects thoroughly researched and sorted out, I can guarantee you that finding or creating the right system of entry and exit tools will become far easier and much more enjoyable too. You’ll naturally be attracted to the type of market tools that suit you. But even then, once you find the entry and exit tools that suit you, there is more work to do. You need to back test and paper trade your entry and exit rules to determine the rest of the considerations mentioned above. Reliability – How reliable is the system for producing winning trades compared to losing trades, and does this suit you? The latter part of this question is the most important part. The reliability of the system does not tell you its overall profitability. It tells you your ratio of winning trades to losing trades, and this is a psychological question. Do you need to be right more times than wrong? This is the simple question you need to answer. Reward to Risk – What is the average profit per trade? This is your total net profits divided by your total number of trades (if your system has a net loss then it’s no good - obviously). When you know the average profit per trade of your system over a decent sample, you can then determine the number of trades you need to make to reach your objectives. Opportunity – Now that you know the number of trades you need to make over a time to reach your goals, you must determine whether or not your chosen markets will offer the opportunities you need. Will you need to trade in multiple markets, trade both long and short and so on? Capital Management – If you do find that your chosen markets offer enough opportunities for you to reach your goals, you need to consider if your capital can handle it. Many systems will require multiple positions open at one time in order to reach goals in a specified time. This means your capital may be stretched, or may not even cope. The size of your positions in the market is a part of your capital management and is also determined by whether or not you have leverage and the margin required. Risk Management – Risk is what you are willing to lose per trade. Your exit strategy aids in determining this factor, but it also needs to gel with you, because your risk per trade is a factor in you drawdown. The higher the risk, the higher the drawdowns and you need to know the maximum drawdown you’re willing to tolerate. Management – The final consideration we’ll cover here is management. You are controlling an entity and so management of all key areas is important. If you log each trade, you can assess for human errors, bad habits, you can also assess costs associated with trading and whether or not they can be reduced. In fact management is the part of your trading that is always looking for ways to improve the running of the business. If you look at the list above it can seem like a lot. If one was to think of what goes into creating the great business models like McDonald's, Starbucks and so on, then I don’t think it even compares. But why should it be so daunting? Enjoy the process and it will be a lot easier than you think. Dean Whittingham
  6. You've done your homework. Countless hours of seeking out the right guru (or piecing together your own system). Weeks of monitoring your guru's daily trade picks (or paper-trading and back-testing your homemade system). You've done it by the book. No seat of the pants trading for you! OK, now you're confident. It's time to put your money where your homework is. You've had your coffee and your first trade signal is before you. Confidence high. Trade made. First loss. Not a problem. You understood before you started that successful traders both win and lose and “losing is part of the overall winning”. You've also heard more then once that “successful traders don't win on every trade.” Moving on, still confident. Next trade made. Another loss, but this one hurt your pride a little because you got stopped out early in the trade, and then the market rebounded and would have hit your profit target if you weren't stopped out. You double check. Yep, you placed the stop where your trading system told you to place it. You kind of had a feeling that the early weakness in the market was just profit-taking from the previous day's trading, but you're trading a system and you must stick to it. Wounded, but resilient. After a good night's sleep and a few mouse clicks, your new daily trades are in front of you. Hey, this one looks good! It's a little bit more risk than yesterday's trades had, but look at that profit potential! With a smiling face, the trade is executed. With a nice start to the trade, you're feeling good and you've moved your stop to breakeven, just like your system said. Surprise piece of news - market reverses - blows through your stop - an “unexpected” loss. Is something wrong with the system? Has the overall market “personality” changed, affecting your system to the Core, rendering all your back-testing irrelevant? Your confidence turns to doubt. You decide to “watch” the next trade… I mean, isn't it wise to make sure the system gets back on track before you “throw good money after bad?” Isn't that what a conservative trader does? Trade watched. It wins! In your head, you beat yourself up a little because you know that when you started your “live” trading, you made an agreement with yourself to take the first 10 trades “no matter what”… and here you wimped-out and missed a big winner that would have gotten you even. What's happening?!! What's happening is that you are out of control. Your emotions are ruling your trading. The above scenario plays out in every trader from time to time.. newbee and veteran alike. The winning trader senses what is happening and nips it in the bud. The winning trader spend time EVERY DAY, working on “the discipline of trading”. Reads a chapter in his favorite psychological trading book, scans the “ten commandments of trading” that hangs on the wall over his/her desk, listens to his/her mental training software for futures traders… Something… Every Day… before trading begins. There are many more losing traders than winning traders… and it's seldom about the trading system. In my career, I've come across at least 50 systems that I consider A+, yet I know for a fact that MOST traders that have traded on these systems have lost. Why? They were not in control of their emotions. Are you? My best, Norman Hallett
  7. IS MY SYSTEM WORTHLESS? First part here In this second part of the topic, we begin to really address how to operate your trading system Part ONE asked the question: “Is the Trading System I bought useless?” in the context of “Comparing “Hindsight with Reality.” What I meant was this: It is very easy to throw together a few Moving Averages and a few Indicators, and call it a SYSTEM; and then it is just as easy to find a chart the demonstrates how good this system functions, in choosing winning trades. The scam system vendor from a nice, bright Internet site, is really coming up with great trades … in HINDSIGHT. He is NOT showing you the trades AS THEY HAPPEN. What I am doing, is the reverse. I am “cherry picking” a section of a chart where the system worked nicely, purely to illustrate THE WAY TO OPERATE A SYSTEM, not to prove that the system actually works. My approach is to show you how to read the chart at the right hand edge of your screen, candle-by-candle as the price reveals itself. That is the contrast between “Hindsight Trading” and “Reality Trading.” In the last paragraph of the last post, I said: “But notice that the MACD histogram has crossed UNDER its signal line, and is falling. This tells us MOMENTUM is slowing … nothing else. Next, the RSI is still ABOVE 50, and parallel to the 50 line. No conclusions to be drawn there either. We need to wait another hour, to see what price is going to do.” Refer to Chart 1 below We don’t have that situation yet, so we need to wait until we do see the fast MA, the 5, cross the slowest MA, the 34. In fact it does not happen until 7 hours later, at the close of the candle illustrated below. There is a decisive move down, and after the candle closes, we can see that the MA’s have actually crossed. So, after waiting patiently – I call it “stalking” the trade – we finally have the alert AND the trigger. Refer to Chart 2 Note: This MA crossing might not have been seen on the “entry candle” until the candle actually closed, and certainly had the following candle been a rallying candle, the MA cross may even have disappeared – thus triggering a whipsaw situation, but not necessarily negating the trade. These are the risks of trading. Had the 4H chart remained in a downtrend, we would not have been stopped out of the trade. That’s for another day. We enter the trade immediately the new candle opens. We can expect some draw-down because as mentioned earlier, price is dynamic – it ebbs and flows like a living thing, as it progresses. There are two other things to take note of here: The MACD histogram has crossed DOWN through the zero line, and the RSI has not only crossed down through the 50 line, it has revisited the 50 line and then dropped sharply away again, in the direction of the possible new trend. In this style of trading, you do not know where your take-profit level will be. You only know you are a part of a very good trend, and you claimed your entry at an excellent point in a pullback. These trades can run for days, because they are based on the 4H charts, which are les susceptible to “noise” in lower TF. It would be easy to say here that our trade made about 130 pips, based on the crossing of the medium MA – the 13EMA, by the fast, or 5EMA on the 1H chart. But this is not the case, unless you have enough experience to use skilled discretion in closing the trade. The trade actually closed out with around 70 pips, based on the system rules. I closed the trade at that point so as to illustrate two things: The first is that we can have an arbitrary rules-based strategy to tell us the conditions under which we will close the trade, no questions asked! The second thing is that we can use our thinking (discretion) and experience, to remain in “good” trades long enough to extract the maximum pips, but not so long that we give back more pips than we really needed to. Refer to chart 3 below, for an arbitrary closing signal … the crossing of the fast and the medium speed EMA’s: Closing the trade here gave us around 70 pips, as we said, but had we managed the trade from the 1H chart, we would have made around 120 pips – far better it seems than the pips made following the 4H chart. Or so we think … we are not finished with this lesson yet. Which is the best strategy for trade management, and why? Refer to closing point on the 1H chart. chart 4 below. The better action here is to remember to check ALL TF before making a decision about closing this trade. If we checked the DAILY chart, we would see that the DOWNTEND is still strongly intact, and we are experiencing a pullback on the 4H chart, but not a true signal to close the trade. The best situation is to remain with the 4H chart, and manage the trade from there. Why? Because the RSI has NOT crossed the 50 line, and the MACD has NOT crossed the zero line. Further, on the 4H chart, the MACD is very flat – it does not look like it is really wanting to rise much further. You will notice we are not losing many pips in the pullback. Experience teaches us that if we follow rules in trading, we can come out of scary trades as a winner. In this case, we have the CONFIDENCE of a powerful DAILY trend backing us. So what you may think is an error, in not using the lower TF – the 1H – to manage the trade, is actually just consistent application of the rules. Failing to do this, could well have cost us hundreds of pips at other times. By the way – by applying this same strategy to the DAILY chart, we could have scooped about 550 pips, and the trade was still running. Maybe we could have made more pis .. maybe fewer … we don’t know until our trades are closed out. Refer to this nice DAILY Chart, chart 5 below. There are 550 pips in that trend at the point we see it. Trading is full of hypothetical situations. You can only make your rules and stick to them. The situation about the trend continuing down in the higher Daily TF, could have been written in your journal as a post-trade comment, and certainly an important case made for the future, to allow for such circumstances in the rules. There is no substitute for screen time … and more screen time. One swallow does not make a summer, and one great trade that works out, by manipulating the rules, does not invalidate the rules. Rules should only be amended when a benefit to do so can be demonstrated consistently over time. If you can bend and break the rules so easily, then they are not rules at all … they are guidelines! I can tell you, good traders don’t have “guidelines” … they have iron-clad rules! Finally, had we been trading the DAILY charts, through following what is going on in the WEEKLY TF, and taking entries from the 4H charts, we might have enjoyed a trade of between 1000 and 2000 pips … and the trend is still running. A bit better than 70 pips … or 120 pips! Longer trends have immeasurable benefits to us – the least of all is the stress-free method of trading. I hope I have been able to show the benefits of a few things here: 1) Higher TF trades can be just as successful as scalping the very fast TF and with less stress 2) Trading decisions are made from the reality of the right-hand-edge of the screen, not hindsight, or setups 20 candles earlier 3) Using multiple TF can be of huge advantage to traders regardless of style 4) Following the rules strictly can actually have an enormous positive impact on your account 5) Rules can be amended based on consistent evidence from your trading journal 6) Following the rules strictly has an enormous reinforcing effect on the traders confidence in his method, and in his ability as a trader. CONCLUSION A traders failure to understand and apply a system consistently and accurately, speaks more about his lack of attention to detail and rules, than it does about the efficacy of the strategy employed. Rather than blame the system for failing to deliver the profits promised on the website, traders should first of all be certain they are trading a simple system – one that they can easily understand, without too many indicators and filters. We have seen how a simply devised forex trading strategy DOES have the ability to make pips, without the need for more complications.Then it is easy to accept responsibility for our own trading decisions, and NOT blame a strategy that is over-size for our current skills. Quite often it is the eagerness of traders to overtrade, that is at the root of their problems. There are many virtues successful traders need to have, and the chief amongst them would have to be patience, focus and discipline to follow simple rules. A poor system in skilled hands can do as well or better, than a sophisticated system in unskilled hands. And how do you get the skills? Certainly not from a system purchased over the Internet! Skill is developed, not purchased. You acquire forex trading skills through screen time, practice, working under a successful mentor, engaging in forum conversation with quality contributors, learning about what drives the forex market, understanding your indicators through and through, watching what happens to price on different TF simultaneously, and of course the golden trio: focus, commitment and consistency. In one word, these three qualities add up to … discipline! I hope you enjoyed this two-part series of posts. next post will be much shorter, but I will post something useful to your trading bottom line. Posted in my blog: http://forexapplepie.com/
  8. If I were going to sell a trading system, or have someone pay me for a trading course, I would make them a guarantee. I would guarantee that they will make money in simulated trading within a certain time period, or I will give them 110% of their money back. That is the way I would do business. And I wouldn't charge them much up front. If I could teach someone to make money trading, then they would have plenty of money to pay me later. If I can't teach someone to make money trading, then I shouldn't be getting anything.
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