2 years of trying, I have tried everything and nothing works. Please point me in a direction. I have run out of ideas. Books, articles anything. I am not ready to give up yet though, I still believe & have faith.
Dont ask.Just practise it on the sim for a couple of months before asking anything.If you`ll keep on asking questions - your on your own.Good speed!
Hi friend, I'm here to help you. Please answer a few questions for me; 1. What products have you been trading? 2. What time do you enter and close your positions? What is your over-all time frame? 3. How many hours a day can you devote to trading? 4. Have you ever given any other asset classes a chance? How did it go? 5. How many hours a day could you devote to trading? 6. How much money do you have to back yourself? You are fighting a losing battle by continuing to pour money into this, if you keep doing what you are doing. It's time to step back and evaluate.
1) Forex 2) 1Hour 3) 8 Hours + 4) Never tried, any recommendations? 5) 8 Hours + 6) Money is not an issue. I am using a demo and super small sized accounts, but it frustrates me, it is not losing the small money.
Just saying the word 'Forex' is quite troubling (in reference to question 1). There are many currencies with different personalities and governing structures which may give you an idea of order flow in the short-term. For example, the Aussie and Canadian dollar are highly correlated and part of the "Commodity Currency" basket. If you want to start winning, you need to start taking this seriously. There are various nuances in the different currencies and how they are linked to an economy. Right now, you clearly have no edge and a lot of time. You would be much better off trading Bonds, because they give you time to think and re-evaluate yourself. Most importantly, you can communicate with me about your trades for the session and how you are going about it day to day. Recommendation: U.S. Treasury Note (10-year) Time period: 3-hour window from the U.S. pit open and onwards At my prop firm, kids can get consistently profitable with-in about 6-12 months depending how difficult the current conditions are. If you have spent 2 years at this, you need to get cracking before you waste another 2 years. Start asking the right questions and you'll get some answers. Good luck
That's normal: it takes almost everyone more than two years to go through all the learning-curve and find something that works. No problem: if it helps at all, this post explains how I learned, myself (it took me more than two years!) and this post lists the stuff I found most helpful, along the way.