Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Ok I see a ton of threads degenerating into a 'vendor' bash ... so here is a thread for all of you to give your opinion on vendors. I'll be reviewing this thread for feedback. And if I see good threads going down a wrong path, I will also be moving offending posts here so people can continue those discussions outside of the main thread.

 

thanks!

MMS

Share this post


Link to post
Share on other sites

These discussions are like a religious argument.

 

We are all looking at the same movie, the same maze, the same probloem to solve - whther to buy, sell, or do nothing. Some of us are more visual, some more numerate, some a combination of the two.

 

And like Uma and Steve here, we are competing in the markets against each other, zero sum game (the brokers always win).

 

There are many ways of finding the solution to the "problem" but the takeaway from all of this is that a successful trader finds a methodology, back tests the heck out of it over many different markets and volatilities and then creates a trading plan. The key to all of this is the use of the technology we have available to us.

 

With the risk of adding my own pee to the fire, I must say that what I see is the key to bringing more traders to CP (consistent profitability) is what I have been moving my focus to more in the last year with my students, the use of technology more. To use the tech nology to identify instantly, those backtested high probability trading pictures that meet a trader's TP (trading plan) so that either they, or their algo, can respond with instrant trade execution after the instant trade recognition.

 

The real holy grail is the competant use of the technology. It's simple but not easy as the saying goes, but also, its worth it.

 

And guys, you are coming to the party too late with these "early" warnings. If you had read my blog for the last few months as my students and others have done, then you would have seen what was coming, what was happening and why.

 

EL

Share this post


Link to post
Share on other sites

OK, this is becoming laughable. What is this a monster truck rally? Firstly "electroniclocal" you are a vendor selling your upcoming seminar for what is it, $5000 for the 3-4 day seminar. Next "steve46" you too are a vendor who gets paid to teach others trading and lastly "UrmaBlume" you too are a vendor wanting $1400 per year for your tradestation indicator package add on.

This is becoming a bit much!! I mean I appreciate good theory, but the self promotion is getting a little thick. So we would have had it all figured out if we had been reading your blog which leads us to need your overpriced seminar? I don't think so.

When you've got the theory figured out you could trade profitably using an abacus. Electroniclocal, your contribution to TL has been pretty weak, to try and use it to fund your seminar habit is shameful.

Share this post


Link to post
Share on other sites
These discussions are like a religious argument.

 

We are all looking at the same movie, the same maze, the same probloem to solve - whther to buy, sell, or do nothing. Some of us are more visual, some more numerate, some a combination of the two.

 

And like Uma and Steve here, we are competing in the markets against each other, zero sum game (the brokers always win).

 

There are many ways of finding the solution to the "problem" but the takeaway from all of this is that a successful trader finds a methodology, back tests the heck out of it over many different markets and volatilities and then creates a trading plan. The key to all of this is the use of the technology we have available to us.

 

With the risk of adding my own pee to the fire, I must say that what I see is the key to bringing more traders to CP (consistent profitability) is what I have been moving my focus to more in the last year with my students, the use of technology more. To use the tech nology to identify instantly, those backtested high probability trading pictures that meet a trader's TP (trading plan) so that either they, or their algo, can respond with instrant trade execution after the instant trade recognition.

 

The real holy grail is the competant use of the technology. It's simple but not easy as the saying goes, but also, its worth it.

 

And guys, you are coming to the party too late with these "early" warnings. If you had read my blog for the last few months as my students and others have done, then you would have seen what was coming, what was happening and why.

 

EL

YOU are not adding to the discussion, and I do not appreciate that.

 

You sound like a desperate vendor, bitter about the success of your competitors.

 

If you want any respect around here (even as a vendor), you should start your own thread and start to share something of substance.

 

You post leaves a bad taste in your mouth.

Share this post


Link to post
Share on other sites

All the vendors are a joke. Couldn't trade themselves out of a wet bag. Anyone who buys into these guys are simply ignoring millions of years of evolution and common sense lol.

 

On EL's website "Algo and Hybrid Trading Workshop - Beat the HFTs "

 

"Learn To Create An Algo And Learn How To Trade With It"

 

Really?!? In one workshop you are going to teach people who may or may not have any experience with markets how to create an algo and beat high frequency quants? Who have years of academic and practical experience.

 

Such garbage. And btw no one trades in pits anymore think of a new internet marketing tagline.

 

None of the posts from steve, EL, or Urma relate any usuable info rather all of it is basically vague generalities and trash.

 

It's funny because what first started as shameless self promotion by one vendor has turned into a vendor party with a touch of vendor d#ck measuring contest.

Share this post


Link to post
Share on other sites

The taste in my mouth is fine thanks, Tams.

 

I just was pointing out that giving an early warning before the fact is a little more useful than giving an early warning after the eventa has happened. And I'm not an unhappy vendor at all. Feel free to put me on ignore as I have you.

Share this post


Link to post
Share on other sites
The taste in my mouth is fine thanks, Tams.

 

I just was pointing out that giving an early warning before the fact is a little more useful than giving an early warning after the eventa has happened. And I'm not an unhappy vendor at all. Feel free to put me on ignore as I have you.

 

Hows about we feel free to refute you and warn others of your less than selfless ambitions of getting into their pockets. You sir have no shame!

Share this post


Link to post
Share on other sites

What does the Chinese government demand from international companies who wish to use their workforce?

"Intellectual property"!

You must leave something of substance in the country in order to have your goods made there. TL must become the same. A vendor must be made to leave substantial theory with this laboratory before they are allowed to promote themselves. If you're not a part of this community you shouldn't be able to attempt to leach from it.

Share this post


Link to post
Share on other sites
All the vendors are a joke..............

 

You must have migrated here from ET where negative and content free is the rule.

 

Here at TL friendly/non personal, positive and content rule.

 

Not all vendors are a joke, some offer value and worthwhile products and services, some don't - that's what makes a market.

 

Here a little stealth marketing is tolerated because sometimes there is enough concept, content or stimulation enough to give it value. Without any of it, content here would be as bleak and meaningless as it is on ET and others like it.

 

Here the members decide for themselves what is buschwa and what is not. The value here is that the content is richer and the tone more positive than any other board of similar ilk.

 

You come here as a stranger, make 2 posts and both of them are content free, negative and bashing long term members about whom you know nothing.

 

Bashers and one-liners don't add content or value- they drive it from the site.

 

Instead -if you can, why don't you show us a piece of something that you authored or originated that is relevant to trading any market in any time frame and we will talk about that rather than your own personal, negative biases.

 

If you have something/anything to say that is relevant to trading the financial markets - by all means, start a thread and share it with us.

 

 

UrMaBlume

Edited by UrmaBlume

Share this post


Link to post
Share on other sites

Moving forward, vendor identification is necessary. Is there agreement that once discovered or known upfront, all vendor posts should be easily identified as being from a person with self interests in the community. Perhaps their i.d. could show their vendor status or their posts could be highlighted in a different color. Any suggestions?

Share this post


Link to post
Share on other sites
Moving forward, vendor identification is necessary. Is there agreement that once discovered or known upfront, all vendor posts should be easily identified as being from a person with self interests in the community. Perhaps their i.d. could show their vendor status or their posts could be highlighted in a different color. Any suggestions?

 

What's more important - the content or the tag.

 

The two reasons content is richer here than on any other site is that 1) personal attacks are not tolerated and 2) Content is given the benefit of the doubt.

 

Why not have the richest possible content and let members decide for themselves. As of now I can't play online poker because some "others" have decided for me.

 

Laissez-faire is the source of our economic strength and the more it is diluted or regulated the less our collective or individual economic strengths.

 

Information = Equity and I would prefer to filter it for myself. If I can't tell gold from shit - I shouldn't be in the game. Where has more regulation/rules ever made it better?

 

cheers

 

pat

Edited by UrmaBlume

Share this post


Link to post
Share on other sites
What's more important - the content or the tag.

 

The two reasons content is richer here than on any other site is that 1) personal attacks are not tolerated and 2) Content is given the benefit of the doubt.

 

Why not have the richest possible content and let members decide for themselves. As of now I can't play online poker because some "others" have decided for me.

 

Laissez-faire is the source of our economic strength and the more it is diluted or regulated the less our collective or individual strengths.

 

Information = Equity and I would prefer to filter it for myself. If I can't tell gold from shit - I shouldn't be in the game. Where has more regulation/rules ever made it better?

 

cheers

 

pat

 

Hi Pat

 

Your game is in identifying the participant. It allows you to read intent into their actions. Sometimes you're right, sometimes you're wrong, but the probabilities allow you to trade on that perceived intention.

Identifying a vendor helps you to draw a perception of someones intentions. Sometimes you're right and sometimes you're wrong, but what harm would it do to identify a participant as a vendor.

In fact we would all benefit as they would have to part with more and more of their intellectual property in order for our perception of them to change and for them to be accepted and possibly benefit from the community here at TL.

Share this post


Link to post
Share on other sites
Hi PatYour game is in identifying the participant. It allows you to read intent into their actions. Sometimes you're right, sometimes you're wrong, but the probabilities allow you to trade on that perceived intention.Identifying a vendor helps you to draw a perception of someones intentions. Sometimes you're right and sometimes you're wrong, but what harm would it do to identify a participant as a vendor.In fact we would all benefit as they would have to part with more and more of their intellectual property in order for our perception of them to change and for them to be accepted and possibly benefit from the community here at TL.

 

Wow, the way you say it, it's like the bid and asked desn't matter. The more and more you interfere with a market or information flow - the less it is Laissez-faire and the less valid/relevant it becomes.

 

Why not let us all, see all, and decide all for ourselves? If it gets crazy MadMS will take care of it.

 

p

Share this post


Link to post
Share on other sites
You must have migrated here from ET where negative and content free is the rule.

 

Here at TL friendly/non personal, positive and content rule.

 

Not all vendors are a joke, some offer value and worthwhile products and services, some don't - that's what makes a market.

 

Here a little stealth marketing is tolerated because sometimes there is enough concept, content or stimulation enough to give it value. Without any of it, content here would be as bleak and meaningless as it is on ET and others like it.

 

Here the members decide for themselves what is buschwa and what is not. The value here is that the content is richer and the tone more positive than any other board of similar ilk.

 

You come here as a stranger, make 2 posts and both of them are content free, negative and bashing long term members about whom you know nothing.

 

Bashers and one-liners don't add content or value- they drive it from the site.

 

Instead -if you can, why don't you show us a piece of something that you authored or originated that is relevant to trading any market in any time frame and we will talk about that rather than your own personal, negative biases.

 

If you have something/anything to say that is relevant to trading the financial markets - by all means, start a thread and share it with us.

 

 

UrMaBlume

 

Yes I only have 2 posts one trashing a "robot" salesman who was posting totally unrelated content for sale about forex in a commodities thread. And this one hopefully giving some new people at least pause.

 

I'll disagree with you on ET because there are some excellent posters and threads(mostly older) on there.

 

About posting content well I'm not fully self sufficient from my trading income yet so I think any comments would be about as useless as the several thousands of other non fulltime traders. And I would not be bringing anything to the table that one couldn't find with search. Show me the content that steve or EL added. Oh wait I gotta pay first.

 

And yes my total purpose was to DRIVE people away from all of the vendor's that have popped up into this thread.

 

All of this is IMHO and thats free :0

Share this post


Link to post
Share on other sites
Wow, the way you say it, it's like the bid and asked desn't matter. The more and more you interfere with a market or information flow - the less it is Laissez-faire and the less valid/relevant it becomes.

 

Why not let us all, see all, and decide all for ourselves? If it gets crazy MadMS will take care of it.

 

p

 

Pat I am absolutely not in favor of censoring content. You already know that in my opinion your posts are the most content rich on TL. A vendor wouldn't lose the right to post but for eveyones good would have to be a little more transparent about his motives.

How would this affect a content rich poster who just happens to be a vendor as well? Your business would thrive because of it. It would be the perfect blend of information and reward for being such a help to the community.

We who follow your posts know that there is way more in theory, not in code, that you could possibly offer. Why not just let it fly and watch how it benefits your business. I understand that there are boundaries a vendor would need to have as well, such as no begging for code or looking to exploit the vendor.

Just my opinion Pat.

Share this post


Link to post
Share on other sites
Pat I am absolutely not in favor of censoring content. You already know that in my opinion your posts are the most content rich on TL. A vendor wouldn't lose the right to post but for eveyones good would have to be a little more transparent about his motives.

How would this affect a content rich poster who just happens to be a vendor as well? Your business would thrive because of it. It would be the perfect blend of information and reward for being such a help to the community.

We who follow your posts know that there is way more in theory, not in code, that you could possibly offer. Why not just let it fly and watch how it benefits your business. I understand that there are boundaries a vendor would need to have as well, such as no begging for code or looking to exploit the vendor.

Just my opinion Pat.

 

I think vendors should pay to advertise if they want the opportunity to host a thread and promote themselves. I would have a lot more respect for them if I knew they were paying to solicit business. However, it is MMS's site and he can run it the way he pleases.

Share this post


Link to post
Share on other sites
I think vendors should pay to advertise if they want the opportunity to host a thread and promote themselves. I would have a lot more respect for them if I knew they were paying to solicit business. However, it is MMS's site and he can run it the way he pleases.

 

Maybe they do?

 

"No promotion allowed. Traders Laboratory does not accept solicitation and spam on the boards. We have a strict anti-spam policy and if violated, members will be banned without notice. If you are affiliated with any service provider, promotion is strictly prohibited. Common promotion methods include: silent spamming techniques, private messaging members, discount coupons, affiliate links, and implementing vendor messages in charts."

Share this post


Link to post
Share on other sites
Ok I see a ton of threads degenerating into a 'vendor' bash ... so here is a thread for all of you to give your opinion on vendors. I'll be reviewing this thread for feedback. And if I see good threads going down a wrong path, I will also be moving offending posts here so people can continue those discussions outside of the main thread.

 

thanks!

MMS

 

The reason for the degeneration is that the problem is not being dealt with and people are becoming tired with an excess of self promotion by non contributing vendors. By labeling all vendors you begin the exercise of sorting through and separating the good ones from the bad ones.

Share this post


Link to post
Share on other sites

It took me a long, long while to figure out, and sort out what the motives were behind each members posts. New members to TL may have no understanding of the motives behind a post.

 

I was a member for quite a while before I started reading or making posts. I started reading and making posts as a way to work through trading ideas, learn, and hopefully contribute. My motive in contributing, is that I usually learn something new. So there is a personal benefit to being involved. I've learned that by trying to answer questions, and give opinions, I learn something new.

 

As I started to understand why different people were making posts, and learned things about them, I gained some clarity about what is going on. I began to realize that many people making posts are simply in the self-promotion business, for whatever reason.

 

It's not that self-promotion is inherently bad, but knowing what is really going on adds some depth of understanding.

 

Ultimately the goal of TL is to attract traders, and get them to visit the site often. Advertisers and vendors want to see a lot of traffic. TL is not going to hold or attract more traffic from people getting disgusted and fed up with the crap that goes on here. It just seems like common sense for TL to bring a halt to contentious and insulting behavior. I don't care if someone wants to sell me something. I might even want and like what they are selling. The self-promotion and selling isn't the problem.

 

It's not vendors, or self-promoting people who are the problem, it's anyone who just doesn't understand simple respect. Although, if TL wants to increase the respect level, then there needs to be some transparency about what is really going on. It may be surprising to many what the background and motives are of many of the members who make a lot of posts.

 

I've noticed that some members with a lot of posts, seem to have not made posts for years. Sooner or later, probably everyone moves on and stops visiting the site for one reason or another. TL should consider who is coming back to the site and why. You don't want an imbalance of contentious and/or self promoting people to the people who are sincerely looking for beneficial interactions.

Share this post


Link to post
Share on other sites

You are obviously sincere but very naive.

 

It might benefit you to take things less seriously, because what you desire to obtain from here may not be possible.

 

The reality is very little transference can be accomplished through a message board.

 

You do get to see a lot of the myths in the industry get repeated over and over, sometimes by loudmouths and sometimes by polite idiots. Is there much of a difference?

 

The interest of the site owner is not aligned with that of a person who seeks to go beyond the myths. That's something you're going to have to do on your own outside of places like this.

Share this post


Link to post
Share on other sites

Why not just add a "Commercial Thread" forum and move any thread that comes into being that is authored by someone with a known commercial interest?

 

And instead of the TL labels, e.g. "starting...," "guru", market wizard," etc, for those who are known to be vendors, a simple "commercial member" or "Vendor" would suffice. Other forums do it - they simply label a vendor as a vendor or sponsor or whatever, and then the others members at least know that the motives of their interlocutor may be more than simpy altruistic.

 

Label them all "Vendor," and be done with it - we can then be done with the vendor bashing as most of it is simply the well informed and formerly burned doing what we can to protect those less well informed. If all vendors are labeled as such, then let caveat emptor prevail.

But so long as the sharks are allowed to swim with the children while simultaneoulsy being allowed to masquerade as children, then those calling a sharkl a shark are right in doing so. If MMS sticks the sharks with a branding iron that makes their nature immediatley recognizable, then the children know when to get out of the pool on their own, or at least know to be counting their fingers and toes and checking for wounds.

 

Simple solution, if you ask me. Then again, no one asked ...

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
What does the Chinese government demand from international companies who wish to use their workforce?

"Intellectual property"!

You must leave something of substance in the country in order to have your goods made there. TL must become the same. A vendor must be made to leave substantial theory with this laboratory before they are allowed to promote themselves. If you're not a part of this community you shouldn't be able to attempt to leach from it.

 

This is one point where we can agree.....to bad you did not do some homework before you spoke about me previously...

 

The threads I have authored here include "An institutional look at the S&P Futures" and "Ideas for Struggling Traders"...also "Trading Adverse Events".....in those threads I have quite a lot of "intellectual property including the concept of "time based pivots" which have not been published before....If you look at the page views, you cannot help but conclude that members are making good use of the material. Finally within the threads themselves, members have posted their "thank yous" periodically..

 

It will be interesting to see if you possess the character to apologize.

 

Steve

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields. USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed. Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.   The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high. Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713. USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65 Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday. Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. European Open – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 24th November 2021. Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers. Trading Leveraged Products is risky USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns). US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high. Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684. USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices. Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375. European Open – December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively. Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL   EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade 
    • IS IT RATIONAL TO SETTLE FOR 10% RETURNS PER MONTH? “One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris T. Perfectionism – a bane of the trading world When people look for a solution to their trading problems, they tend to look for the solution in the wrong places, having the wrong mindset. One problem with most traders is perfectionism. For instance, we tend to go to those who promise us 50% to 100% per week or month. If someone gives an estimate of 5% profits per month, we would think that is too small. If an investment salesperson promises huge returns in a short period of time, we’re drawn to them. What if I tell you that 5% per month is good returns on your trading or investment, would you agree with me? Is 60% growth per annum not good enough? Many years ago, one of my mentors in the financial industry told me that, even 20% growth per annum is good. In schools, we tend to ridicule those who make average grades and praise those who make excellent grades. The same is true of the world of sports. Do you think great sports teams win all their matches always? No! But they do well over time. Are 10% gains per month too low? Now let me ask these questions: How much percentage do you earn on your savings account per annum? How much do you earn on your fixed deposit account per month? How many people can pay off their mortgages within one year? If you buy a bus, to use for commercial purposes, is it easy for you to recover your money in one year? Can you buy a property and sell it for 100% profit within 10 months? If you found a startup, how long do you think it would take you to start making profits? Please attempt to answer these questions yourself, based on real-life experiences. Now, back to the question that makes the last subheading: Are 10% gains per month too low? Why do we tend to be unrealistic and fallacious when it comes to online trading? Making 10% returns per month from Learn2.trade crypto signals One good thing about the margin trading of cryptos is that you can make money, both in bull and bear markets. You don’t make money only when the price is going up. If your timing and methodology are right, you can predict a downward movement or an upward movement and participate in them. Learn2.trade provides quality crypto signals to interested traders. Each signal comes with stop loss and take profit targets. Sometimes a trade is closed before the stop or the target is hit. We use 5 types of orders for the crypto signals. They are Instant Execution, also known as Market Execution, Buy Limit, Sell Limit, Buy Stop, and Sell Stop. Generating an average of 2 – 3 signals per day, we also use risk settings that are usually around 1% per trade and we attempt to gain more than we risk. As these signals are sent, we ensure that we also use them, practicing what we preach. Learn2.trade crypto signals – recent performances Please check the image below to peruse what has been made recently. You see can that we use stop loss, and use small lot sizes, relative to the size of the accounts. It just doesn’t make sense to bet too big on an individual trade. You can also see that we have both losses and profits. However, our average profits are bigger than average losses. That is the pedigree of a viable/ promising strategy: Make more money than you lose. Therefore, losses and drawdowns are also tightly controlled so that they don’t have significant effects on the account. These kinds of drawdowns are shallow, for recovery and eventual growth always happen. The markets are difficult but profitable Making consistent, regular profits from the market is hard, but success is possible. When the markets prove difficult, then we only need creative approaches. Markets will continue to prove uneasy and tough, but we will continue to make profits from them, no matter what. We target 10% profits per month, though we make more than this in most cases. 100% profits every 10 months is an enviable achievement. If 10% gains per month are compounded, the results in a few to several years will be amazing. Yes, you should be aware of the power of compounding. Join us today, in this journey of regular, monthly profits. Please see the image above, to know relevant metrics and figures of the recent results of the strategy behind the signals. You can join us here for, few free crypto signals per week: For Cryptos. Or you can hop in, and become our VIP right away, and enjoy all our crypto signals, up to 3 signals per day. Get access to the ability to make 10% or more per month. You can monitor our crypto signals trading performances here: L2T Crypto Signals on MyFxbook   Source: https://learn2.trade   
    • Yes trading currencies is much more risky than trading stocks, since they're not supported by central bank policy efforts but instead freely fluctuation in a very random fashion. Profits can create wrong impression that you learned how to trade but often it is just the product of pure luck. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.