Best Forex Mentors Online

[expiated]

I'm not sure I agree with you here. Mathematics describes relationships, which change constantly. If your entire model is underpinned by static relationships then you're in for a big surprise. The real test of your confidence in this approach would be if you were willing to lever up your net worth on your system.

I'm not a very smart guy, so I'm sure you're right. In fact, I don't even understand what you're talking about.

For example, to me, "angling upward at two to three degrees per second with a maximum angle of 10 to 15 degrees" is the same today as it will be a million years from now. I don't see how this will be constantly changing, unless one is adjusting for wind current or something of that sort. But then again, that's what "the interpretation of…all these assorted components as a whole" and "a consensus…of all these various factors" and "how they will affect and impact on one another" is all about.

It's what is implied when I wrote, "systems generally operate at peak performance when the interactions between their component parts evidence strong, healthy relationships."

Likewise, I have no idea what "lever up your net worth on your system" means. If it implies that by this time next year I will be no better off financially than I am today, I won't argue with you there. However I can say that my net worth is greater now than it was four months ago. I think part of the problem is that I don't know what is the meaning of "lever up" nor am I clear on what you meant by "on your system".

But that's okay. As long as the mathematics "change constantly" in the same manner they've been changing over the last five months, I'll be happy, and perhaps even thrilled, possibly even before the end of this year, God willing.

 

[expiated]

From an OANDA Webinar
Forward Thinking Traders Part 1: Five ways to take your trading to a new level

 

[expiated]

So as you can imagine, the notion that there are no "best" moving averages is not one to which I subscribe. Again, at the heart of my system is the use of carefully selected baselines which I calculated in the manner just explained. This is why the idea of applying the exact same standard settings to different time frames (i.e., the 10-, 20-, 50-, and 200-period moving averages to five-minute charts, 60-minute charts, daily charts, etc.) has always struck me as counter-intuitive.

I forgot this part when I typed Post #16...

But, it was not enough, in my opinion, to stop at having merely determined which moving averages (baselines) were the best to use when trading charts of a given time frame. No, to trade with the clarity and precision I desired required me to carry out an additional step in which I assigned specific temporal values to each of the baselines—the purpose being for me to be able to answer such questions as: What moving average best conveys in which direction and by how much price moves every five minutes? Or every hour? Or even every day?

 

[expiated]

It kind of looks like Traders Academy Club publishes the results of their strategies (i.e., Vladimir Ribakov Performance), but in glancing over the figures, if I was seeing what I thought I was seeing (it wasn't all that easy for me to interpret what I was looking at) of the five strategies they list, only the first one (SRS PRO) struck me as possibly being worth investigating.

The impression I had of the other four was that their results were rather mediocre, at best—especially FOREX TRIPLE B 2.0 (see below).

Also, in looking more closely, I just now noticed that these results are from more than a year ago.

 

[expiated]

A former student of Nial Fuller [i.e., LearnToTradeTheMarkets] who is now in my price action course asked me about Nial winning the AxiTrader competition. Of course Nial Fuller talked about how he used “sophisticated money management strategies” and “wasn’t day trading”, but it turns out he lied – he was day trading, and was using horrible risk management. With all things Nial Fuller, once you dig into the details, a completely different picture emerges from what he says. So make sure to read this article about why Nial Fuller lied about his price action trading in the million dollar trading competition.

Now I’m not going to talk about the fact he and AxiTrader are business partners, or the fact AxiTrader actually allowed their business partners to join vs. pure clients. I’ll leave that to y’all to decide on.

But here is my summary of why Nial Fuller & AxiTrader represent everything bad about the trading industry below.

Only Nial Fuller would:

1. enter a trading competition with the absolute smallest acct possible (5k)
2. trade less than 10 times (by his own admission) for 6 weeks
3. completely throw risk and money management out of the window by having a 71.4% drawdown over 3 days!
4. another 50+% drawdown over another 3 day period!
5. call his risk and money management system ‘sophisticated’
6. and then brag about it

And for proof, below is an image which shows you the details Nial forgot to mention about his heavy 71+% and 50+% drawdowns.

 

[expiated]

The outfit that put on this webinar for OANDA was Trade with Precision...

However, bestonlineforexbroker.com never mentioned Nick McDonald or his crew, which makes me wonder if the organizations they DID mention were six that were willing to shoot over some kind of kickback.

 

[777]

"Sometimes the only winning move is not to play"

Online FOREX classes are scams by people who know they can not teach you to be a winner.

Search ET and you will find a few threads essentially asking who on ET is making a living trading FOREX. There are many sad to hilarious answers on these types of threads.

The Good News:

There are a lot of ways in the world to make good money for a hard worker who is TRULY a learning machine.

Being around others who are better than you helps with the learning machine goal.

 

[expiated]

I might have forgotten this part when I typed both Post #16 and Post #23...

I've ceased to think of trends as being represented by lines, and have come to conceptualize them instead as "belts," with the location of price within the expanse of values constituting the width of these oscillating strips being just as important (when deciding exactly where to enter and exit positions) as the general direction that each "breadth of values" is headed. Again, I've come to think of price movement, not so much as tracing the path of a given moving average, but rather, as "cutting swaths of area bounded by price range channels observed to have directional tendency."

 

[expiated]

However, bestonlineforexbroker.com never mentioned Nick McDonald or his crew, which makes me wonder if the organizations they DID mention were six that were willing to shoot over some kind of kickback.

They also failed to mention Raman Gill, who I consider to be legitimate given that when I compare the analyses she posts on YouTube to my own, they are very similar, even though we go about it in very different ways.

 

[expiated]

I don't give out awards nor do I recommend mentors, and I don't know who has rock solid results or proven track records when it comes to truly teaching people how to trade profitably in the Forex market. But, if I were to compile a list of who I thought just might be possible candidates, my list would begin with...

1. tradingwithvenus.com (Raman Gill)
2. tradewithprecision.com (Nick McDonald)
3. csctraders.com.au (Cristian Moreno)