A little background - I have been interested trading for many, many years. I've tried everything: indicators, TA, price action, etc. I study charts for hours and hours. Have not been able to come up with a profitable trading system yet. As much as I try, as soon as I think I understand price action, it starts to look random again.
This site is intriguing. I've spent hours and hours reading threads here. So many different approaches, so many different opinions:
Can't make money scalping.
I make a living scalping.
Member XYZ is a genius.
Member XYZ is an idiot.
Forex is a scam.
Forex is just like any other market.
Great set-ups are the key.
Entries and exits don't matter, it's money management that's the key.
The list goes on. . .
My first goal in coming here was to gain some insight as to whether there really is any likelihood of becoming a profitable trader. It seems that there must be, but who knows what to believe. The second is to get some guidance on the path to becoming a profitable trader.
What's been disappointing in all the reading I've done here is that there is very little substance to help one down the right path.
I don't expect anyone to give out their trade secrets. I know first hand how difficult it is to develop them, and I wouldn't be inclined to give them away (if I had any), either.
But what I would expect is a blueprint as to how they developed their systems. More often than not what I read here is "It's taken my fifteen years of studying, and several blown accounts to get to where I am today". Well that's great, but it doesn't help.
I'm not even sure what to ask for.
I'm confident I can develop my own system, otherwise why would I keep banging my head against the wall? All that I need are some hints as to the right direction. I'm inclined to scalp, it suits my personality. I have enough trading capital.
I haven't seen many people actually describe their approaches. I believe it can be done without giving away secrets by talking in general terms. Maybe not, I don't know.
This site is intriguing. I've spent hours and hours reading threads here. So many different approaches, so many different opinions:
Can't make money scalping.
I make a living scalping.
Member XYZ is a genius.
Member XYZ is an idiot.
Forex is a scam.
Forex is just like any other market.
Great set-ups are the key.
Entries and exits don't matter, it's money management that's the key.
The list goes on. . .
My first goal in coming here was to gain some insight as to whether there really is any likelihood of becoming a profitable trader. It seems that there must be, but who knows what to believe. The second is to get some guidance on the path to becoming a profitable trader.
What's been disappointing in all the reading I've done here is that there is very little substance to help one down the right path.
I don't expect anyone to give out their trade secrets. I know first hand how difficult it is to develop them, and I wouldn't be inclined to give them away (if I had any), either.
But what I would expect is a blueprint as to how they developed their systems. More often than not what I read here is "It's taken my fifteen years of studying, and several blown accounts to get to where I am today". Well that's great, but it doesn't help.
I'm not even sure what to ask for.
I'm confident I can develop my own system, otherwise why would I keep banging my head against the wall? All that I need are some hints as to the right direction. I'm inclined to scalp, it suits my personality. I have enough trading capital.
I haven't seen many people actually describe their approaches. I believe it can be done without giving away secrets by talking in general terms. Maybe not, I don't know.
I'm trading for a living for 5 years, left my day job as software developer 7 years ago. Started from scratch, and after 2 years of learning, testing, developing came up with a strategy to start trading real money.