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49 Trader

About hopelessneptune

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  1. It is difficult to concentrate on the chart while looking at time, sales, and the DOM. So congratulations on trading in that manner....something I am unable to do.
  2. The distinction is straightforward. Markets are driven by orders, or in this case, money. We can see the orderbook for futures on a central exchange, which is not possible for spot FX. The first piece of information we get in FX is the price, which is printed as a candle in my charts— some like lines, some don't. Because there is no centralized exchange/orderbook, broker ticks are unreliable. But what was the impetus behind this price? That is the information in which I am interested.
  3. You are not insane; your problem is that you believe you 'invented' a brilliant idea that has been copied by almost every experienced trader. It is now just as difficult to think of a losing system as it is to think of a winning system. The reason is straightforward: if you reverse this type of loser, you'll get a winner. Will the world ever be so easy to work out like this? The 99 percent system that we see in the crap system section is a random system. They don't make or lose money; they just make useless junk. You can see that they are losers primarily because of the spread/commission paid over time, or their edge is not sustainable/tradable. It is still a waste of time to reverse them. Finally, don't be overly optimistic; simply pay your dues. The winner exists, but getting there is difficult.
  4. I am just curious as to the number of successful forex traders who jumped straight into forex trading without any previous trading experience. I personally think its ok because I can trade the mini and micro lots until i get a feel for everything before risking big amounts of capital. Or would it be better to start off in share trading?


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