deland

Re: How To Make Day-trading Easy

In my opinion the London - US overlap (I trade it from 11 - 3 GMT) is an excellent times of trading forex. For a lot of people it is important not having to spend a whole day staring a PC monitor. 4 hours is still more than enough, but they offer great opportunity.

Of course when one achieves his target goal for the day/session, he can quit much earlier. Still when things dont go as planned, there is usually still plenty of opportunity to at least break even in this time window.

Re: How much of TRADING is really about the indicators?...

Price action is the most important guide when trading. All indicators are based on price of course so they can only follow. They are just a visual representation of what price is doing. That is why they seem to work very well when there is plenty of nice price action but they fail miserably in periods of low volume, slow movement , or consolidation. Plus the more a trader relies on indicators, the longer he searches for the 'magic' indicator or holy grail and that includes me of course :) .

Of course i still use indicators in my trading but try to remember to always look at price to determine trends and areas of Support and Resistance.

Re: You may hate me for telling you this

I think the human mind makes you feel well every time you are thinking that riches are just around the corner. So even if a system does not work (even after spending lots of money for buying it, for tutoring, webinars, monthly room subscription etc) and you lose money in the process, after a while the next seller and marketing guy is just around the corner with more promises of a foolproof way to make easy money in the markets... And again the mind tricks you, the optimism makes you feel really well and the process repeats itself many times...

That is why logic must come above other emotions. Easier to say it than do it of course!

Re: Ken Karpman Plummeted From a Six-Figure Salary to Earning $7

Very interesting story, gives many lessons to all of us. Makes you wonder why he did not spend more wisely.