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Dumping the Indicators & Loving Small Losses
By
cunparis, in General Trading
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By jason.lee
Does it mean that you are an expert just because you make a lot of profit? The amount of profit cannot be used to measure the value of a trader. Yes, you must be doing something right if you are making a frequent profit. However, that does not determine if you are an expert or not just by your profit. This is quite a common misunderstanding in the forex industry.
Making a large profit is only one side of the forex market. Majority of forex traders tend to lose most of the time after they have experienced profit. But why?
So many traders fall into a fantasy land where they make an endless amount of money at the beginning. Many beginner traders tend to gain profit at the start not knowing the importance of technical analysis of the market.
The experts on the other hand who stayed became wealthy and stayed that way, continue gaining profit, are all knowledgeable when it comes to the basics. Experts have dialed many ways to control their minds to be set right to be a trader.
Understanding of the market is a must know anyway. Expert traders wait patiently until the right opportunity comes. Opportunity comes to everyone.
What differentiates the experts and the beginners is that experts know when the opportunity has come and knows to take advantage of it. Making profit by luck is possible, and yes luck is also very important. But can you profit with luck every time?
How an expert trader is determined is not by how much the person gained, it’s about the precision and the frequency of results. Profit can’t be maintained by luck. It is maintained and is a result of precision and strategical execution. You shouldn’t worry because you’re not gaining any profit right now.
You should be building your skill sets to be a better trader by experiencing many trading situations of losses and wins. If you invest in your time to improve, your results are guaranteed to increase more frequently and will become more stable.
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By Cookie Monster
Does anyone know of any indicators, indices, or market internals that function well during the overnight session for the US index futures, bond futures, oil, gold, type of 24 hr trading during non US hours?
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By Donald
So I've been messing with the indicators and learning about them. Made me curious what does the majority use here and why?
Currently I'm using Bollinger Bands, Awesome Oscillator, Moving Average, Belkhayate Timing and Parabolic SAR.
From all these Belkhayate is my favourite so far, it almost only made me win trades. While Parabolic is almost like MA, I still can read it more clearly on how the market moves.
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By fxeconomist · Posted
Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though. -
The big breakthrough with AI right now is “natural language computing.” Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language. That alone is a huge breakthrough. The next leg? AI agents. Where they don’t just speak back to you. They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps. Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites). They can: > Reason across multiple steps. >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.) > Remember things. And AI agents are not islands. They talk to other agents. They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring. What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.” It gets to work. First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had. It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year. What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter. Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?" Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view. It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month. The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you. Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed." AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people. AI agents could change that. BUT, remember… We’re in inning one. AI agents have a ways to go. They’re imperfect. They mess up. They need more defenses to get ready for prime time. To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight. Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/ -
What a wild year. AI seems to be appearing everywhere you look, Paris hosted a weird Olympics, unrest continues in the Middle East, the US endured a crazy-heated election, and the largest rocket ever to fly successfully landed in a giant pair of robot arms. Okay, but what about the $money stuff? Well, this year we've seen a load of uncertainty - inflation is still biting and many businesses have gone down. Property has been very fractured, with developments becoming prohibitively expensive, while other markets have boomed. It hasn't been an easy ride, that's for sure. However, the stock market has had some outstanding results, and for those who know how to trade, some have done VERY well for themselves. Some have replaced their incomes. Some have set themselves up for the rest of their days on this planet. How about you? How did you go? Author: Louise Bedford Profits from free accurate cryptos signals: https://www.predictmag.com/
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By Stocks4life · Posted
U Unity Software stock watch, attempting to move higher off the 22.4 triple+ support area at https://stockconsultant.com/?U -
By Stocks4life · Posted
TSSI TSS stock, watch for an ascending triangle breakout above 11.49, target 15 area at https://stockconsultant.com/?TSSI
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