That's precisely the point. Why is there a belief that past candle patterns will govern the future behaviour of the bank taking the other side of your bet ? If the bank cannot be controlled that way, what use is testing against the past candles ? A useful testing will necessarily involve real money.
There's not a successful hedge fund out there that doesn't rigorously test their strategies before putting real money to work. They all hire PhDs in math, engineering, physics, etc, to do that for them, and they pay them big money to do it.
Is there data suggesting hedge funds have proven past candles can control future actions of banks ? Yes, the banks take the other side of hedge funds also.
hedge funds are not trying to control future actions of banks, just trying to make money for their clients and themselves. The banks also hire the PhDs to test strategies. Some work, some don't. Some work for a while, then stop working, and the game continues.
Quite obviously the banks strategy works better, they have more tall shining building than hedge funds. If you want to make money, is it not better to copy the banks than the hedge funds ?
The banks are also much older and have far more employees, therefore they need those big buildings. How much is the wealthiest employee at the bank making compared to the wealthiest hedge fund CEO?
Thank you. So it would make sense to save up more money and just back test with fake money (simulated trades)? I'm doing this now, I just wanted to understand how much to risk per trade. How much money you think you need to start out with to swing trade? I don't expect to make millions like Joe thinks everyone does. I'm willing to put in the effort and if I fail so be it. Nothing in life is easy.
Do you have to start bickering in every thread you post in? Troll much? Is it possible people are willing to put in the effort and actually make something of themselves? The best athletes, doctors, directors, and traders put in a lot of hard work to become who they are today. Did you fail? Maybe you didn't have it in you to become a profitable trader. Get over it and learn and stop with this "it is impossible" attitude. People do the impossible everyday.
You can start with $5,000, but you'll have to stick with stocks or ETFs. If you can only trade 50 or 100 shares, so be it. Don't be in a hurry to grow rich starting with so little...it just won't happen unless you risk too much and get lucky. Keep this in mind, you don't have to trade everyday or even every week. Do some good research, find some really good setups, and just sit tight until they come along. That's the easy part. The hard part will be when you are in the trade. You'll need to come up with some good strategies for exiting. If you have some decent success, then maybe you can pool your money with some friends and family, and make some money that way as well. It's a marathon, not a sprint.