9 Tricks Of The Successful Forex Trader.

[failed_trad3r]

In a game where most people fail or, at best, seriously under preform, common knowledge - or the at least the application of that "knowledge" must be, almost by default - wrong.

Unfortunately the common knowledge sounds as if it is uncommon knowledge.Its a trap!
ZeroHedge is a good exampleand their Austrian ideology. When you learn of it you will feel like you stumbled onto the world greatest secrets, but its all nonsense. Another is stuff like the trend is your friends.

1: you should daytrade because you evade overnight gaps and overnight risks. time in the market is risk(common sense disquised)

2. the trend is your friend, thus stay in a position all the way until the end. you will never sell at the top or buy at the bottom also, the sitting makes you more money than the trading (swing trading common sense)

So two common sense are contradictory...

 

[athlonmank8]

fundamental/ newsletters are helpful in gauging market sentiment if you dont like to analyze multiple tfs

 

[Shabnam Mansoor]

Thanks for your feedback guys.

 

[LFO]

Just to add that I enjoyed your summary. Sticking to the rules is where most people fall down.

 

[Shabnam Mansoor]

Just to add that I enjoyed your summary. Sticking to the rules is where most people fall down.

Thanks

 

[Shabnam Mansoor]

Lets active this thread again, Guys what do you think about it ?

 

[pipeguy]

Lets active this thread again, Guys what do you think about it ?

Well, I think you need to add some contradicting "holy grail" thing to spark a discussion over it again. No other way to revive it LOL