Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Hey guys, i have been trading as a newcomer ofcourse and i started with EUR/USD. There are some point where i made a good profit but now i am losing much. Can someone advise whether i should trade with different stock?? thanks

Share this post


Link to post
Share on other sites
Hey guys, i have been trading as a newcomer ofcourse and i started with EUR/USD. There are some point where i made a good profit but now i am losing much. Can someone advise whether i should trade with different stock?? thanks

 

Welcome to FOREX WORLD :)

 

Many people have different opinions some of them prefer Gold some currencies - but I will recommend you to trade Currencies they are bit easy to handle but commodities are not easy.

 

Few suggestions for you.

 

Never trade without a STOPLOSS.

Think trading as a normal business - As many people take forex industry as the most profitable business in the world , It is no doubt but it is on the same time very Risky as well. Risk pay you a lot.

Take a trading break.

Check the news.

Trade with the money which you can afford to loose.

Try to learn Technical Analysis as 90 % successful traders are technical traders - there are a lot of technical indicators , learn few of them like candle stick etc and trade with your own strategy.

 

Need Help - Always Ask

 

Happy Trading

Share this post


Link to post
Share on other sites
Welcome to FOREX WORLD :)

 

Many people have different opinions some of them prefer Gold some currencies - but I will recommend you to trade Currencies they are bit easy to handle but commodities are not easy.

 

Few suggestions for you.

 

Never trade without a STOPLOSS.

Think trading as a normal business - As many people take forex industry as the most profitable business in the world , It is no doubt but it is on the same time very Risky as well. Risk pay you a lot.

Take a trading break.

Check the news.

Trade with the money which you can afford to loose.

Try to learn Technical Analysis as 90 % successful traders are technical traders - there are a lot of technical indicators , learn few of them like candle stick etc and trade with your own strategy.

 

Need Help - Always Ask

 

Happy Trading

 

You might have it backwards. 90% of technical traders lose money.

Share this post


Link to post
Share on other sites
Hi

 

I am surprised to hear some one saying technical traders loose. Can you please explain how ?

 

The bulk of people who trade use technical analysis and they lose money. Trading tools do not make a person a trader. The bulk of people who trade do not know how to trade and will therefore lose whether they use technical analysis or not.

 

On the other hand, a "newbie" could have decided to start trading the S&P in the spring of 2009 and observed price crossing over the long term moving average. Experts would have advised him that the indicator is lagging or doesn't work and that he probably would have missed most of the move already. If he was dumb enough to stay in long enough, at this point he could have had enough money to retire on if he was also dumb enough to add to the position instead of scaling out like the experts advise. The "newbie" was likely a trader to begin with.

 

If someone knows how to trade, then he can pick the tools he needs to apply to his craft.

 

I hope this makes sense to you.

Share this post


Link to post
Share on other sites
The bulk of people who trade use technical analysis and they lose money. Trading tools do not make a person a trader. The bulk of people who trade do not know how to trade and will therefore lose whether they use technical analysis or not.

 

On the other hand, a "newbie" could have decided to start trading the S&P in the spring of 2009 and observed price crossing over the long term moving average. Experts would have advised him that the indicator is lagging or doesn't work and that he probably would have missed most of the move already. If he was dumb enough to stay in long enough, at this point he could have had enough money to retire on if he was also dumb enough to add to the position instead of scaling out like the experts advise. The "newbie" was likely a trader to begin with.

 

If someone knows how to trade, then he can pick the tools he needs to apply to his craft.

 

I hope this makes sense to you.

 

I agree with you that technical analysis don't make a person trader but trading on Moving Averages or Candle Stick help in trading activity but a person not watching the external circumstances and only sticking upon Charts and others will obviously loose money.

 

History Repeats it self - That is basic quote to use charts and other technical analysis but you should have a grip on your analysis. You should be master of your feild - I have seen many people using MA , Bollinger Band, Stochastics , Trend Lines , Fibonacci , Pivot and many other tools and in this way they get confused and loose money because if one indicator will show a signal to buy the other will be giving to sell.

 

The successful traders will never do such thing they will stick on one indicator and that help them and off course he should also watch external circumstances ( News or fundamentals ) to be a successful trader.

Share this post


Link to post
Share on other sites
...Experts would have advised him that the indicator is lagging or doesn't work and that he probably would have missed most of the move already. If he was dumb enough to stay in long enough, at this point he could have had enough money to retire on if he was also dumb enough to add to the position instead of scaling out like the experts advise. The "newbie" was likely a trader to begin with....

 

Guess there are lots of these type of experts are working at JP Morgan:rofl:

Share this post


Link to post
Share on other sites

Thanks a lot guys. These have been really helpful to me. However, i am used trading with EUR/USD and sometimes i want a different challenge. Wha will you guys recommend me, shall i trade with it only or should i try a different stock. If you have any advice this will help me a lot.:helloooo:

Share this post


Link to post
Share on other sites

TA is IMHO the only way to objectively take action from and enter into a trade with a real plan that you follow consistently. This is also the only way you can realize if your plan works or not. At leat you can put some numbers to your trades (even proffesional BlackJack players have an objective system with technical rules, they can't take the dealers word for it). Everything that happend in the market (fundamentals included), is happening in the market (fundamentals included) and will happen in the market (fundamentals included) is already considered and taken into account on a price chart. For this reason you can put a plan towards the future with Technical/Objective analysis. How can anyone make a consistently profitable trading plan/system by looking at the news on CNBC?? You cannot just say: Ok of Bernanke says the buzzword "Interest rate" i will short. The experts you see on TV who are giving you their view on the markets are probably working for an institution/bank/fund that looses when you win.

 

Just giving my opinion and i'm definately not an expert here.

Is it not funny when the experts say that a certain market is very strong and bullish that always two things happen: Your spread widens for about the double or triple and after that the market drops like a brick in mid air.

 

Well,....my :2c:

Share this post


Link to post
Share on other sites
ECB left rates unchanged..wondering what Draghi will say...

 

I think reactions of ECB are weak and slow . We can see this right now in " banking control" this is weak because markets want see fast , strong and smart decisions. And bank control in 2015 isn´t it.

Share this post


Link to post
Share on other sites

Thanks a lot as i have got many good advice from traders here. I will implement it and try to make my level best in forex as it was something not easy for me. ;) I can see that many people is making forex their second work now and some is completely devoted in it and this is their way of earning money. Do you think it is reliable?

Share this post


Link to post
Share on other sites
Thanks a lot as i have got many good advice from traders here. I will implement it and try to make my level best in forex as it was something not easy for me. ;) I can see that many people is making forex their second work now and some is completely devoted in it and this is their way of earning money. Do you think it is reliable?

 

of course there are exceptions but think about how long it takes to learn a profession...

Share this post


Link to post
Share on other sites

Good say mate, it will surely takes a lot of time to be an expert trader. But if you are devoted i can say that you will someday find your goal. Am trading forex for quite a time now and everyday am leaning something new and i dont know whether my learning will stop one day in this field. I presume that it the same for you as well or you are already an expert trader :) Sometime you are disappointed with Forex as it is not always the same. Here each day is different :roll eyes:

Share this post


Link to post
Share on other sites
The bulk of people who trade use technical analysis and they lose money. Trading tools do not make a person a trader. The bulk of people who trade do not know how to trade and will therefore lose whether they use technical analysis or not.

 

The two of you appear to be discussing two completely different propositions here, each of which can be true:

 

1) 90% of profitable traders are technical traders

2) 90% of technical traders are not profitable traders

 

Of 1000 traders, 500 trade technically, and 500 trade non-technically. Of the 500 technical traders, 50 are profitable, and 450 (90%) are not profitable. Of the 1000 traders, 55.5 recurring are profitable, and 944.4 recurring are not profitable. Of the 55.5 recurring who are profitable, 50 (90%) are technical traders.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

You could visualize what I have described above as a Venn diagram in which the set of profitable traders mostly overlaps the set of technical traders, but overlaps little of the set of all traders. With profitable traders in green and non-profitable traders in red, it would look something like this:

 

Venn.jpg.2ccea991a52265d40c240247e399b45b.jpg

 

And now I need more coffee . . .

 

BlueHorseshoe

Share this post


Link to post
Share on other sites
The two of you appear to be discussing two completely different propositions here, each of which can be true:

 

1) 90% of profitable traders are technical traders

2) 90% of technical traders are not profitable traders

 

Of 1000 traders, 500 trade technically, and 500 trade non-technically. Of the 500 technical traders, 50 are profitable, and 450 (90%) are not profitable. Of the 1000 traders, 55.5 recurring are profitable, and 944.4 recurring are not profitable. Of the 55.5 recurring who are profitable, 50 (90%) are technical traders.

 

BlueHorseshoe

 

I don't know if 90% is a real percentage or not. It is the one that most people use as meaning almost all. I would be more comfortable with 99%.

 

My commentary is on the need to know how to trade before you use trading tools.

I don't know how you can be a trader without being technical. In some way shape of form, we have to decipher data.

Edited by MightyMouse

Share this post


Link to post
Share on other sites
I don't know if 90% is a real percentage or not. It is the one that most people use as meaning almost all. I would be more comfortable with 99%.

 

My commentary is on the need to know how to trade before you use trading tools.

I don't know how you can be a trader without being technical. In some way shape of form, we have to decipher data.

 

Hi MM,

 

I realise that 90% is an arbitrary figure (as were the others I invented) - I was just making the mildly pedantic point that yours and Mohsinqureshii's statements aren't mutually exclusive.

 

BlueHorseshoe

Share this post


Link to post
Share on other sites

Indeed Obsidian, to make this a profession it will surely takes a lot of time but nothing is impossible :haha:. We need a very good knowledge of forex and also always use fundamental and technical analysis in order to improve our trade. Hopefully somedy we will all become an expert traders, with big profits ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Date: 8th April 2025.   Markets Rebound Cautiously as US-China Tariff Tensions Deepen     Global markets staged a tentative recovery on Tuesday following a wave of volatility sparked by escalating trade tensions between the United States and China. The Asia-Pacific region showed signs of stability after a chaotic start to the week—though some pockets remained under pressure. Taiwan’s Taiex dropped 4.4%, dragged lower by losses in tech heavyweight TSMC. The world’s largest chipmaker fell another 4% on Tuesday and has now slumped 13.5% since April 2, when US President Donald Trump first unveiled what he called ‘Liberation Day’ tariffs.   However, broader sentiment across the region turned more positive, with several markets rebounding sharply after Monday’s dramatic sell-offs. Japan’s Nikkei 225 surged over 6% in early trading, rebounding from an 18-month low. South Korea’s Kospi rose marginally, and Australia’s ASX 200 gained 1.9%, driven by strength in mining stocks. Hong Kong’s Hang Seng rose 1.6%, though still far from recovering from Monday’s 13.2% crash—its worst day since the 1997 Asian financial crisis. China’s Shanghai Composite added 0.9%.   In Europe, DAX and FTSE 100 are up more than 1% in opening trade. EU Commission President von der Leyen repeated yesterday that the EU had offered reciprocal zero tariffs on manufactured goods previously and continues to stand by that offer. Others are also trying again to talk to Trump to get some sort of agreement that limits the impact.   Much of the rally appeared to be driven by dip-buying, as well as hopes that the intensifying trade war could still be defused through negotiations.   China Strikes Back: ‘We Will Fight to the End’   Tensions reached a boiling point after Trump threatened to impose an additional 50% tariff on all Chinese imports unless Beijing rolled back its retaliatory measures by April 8. ‘If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow... the United States will impose additional tariffs on China of 50%,’ Trump declared on social media.   If implemented, the new tariffs would bring total US duties on Chinese goods to a staggering 124%, factoring in the existing 20%, the 34% recently announced, and the proposed 50%.   In response, China’s Ministry of Commerce issued a stern warning, stating: ‘The US threat to escalate tariffs is a mistake on top of a mistake... If the US insists on its own way, China will fight to the end.’ The ministry also called for equal and respectful dialogue, though signs of compromise on either side remain scarce.   Beijing acted quickly to contain a market fallout. State funds intervened to support equities, and the People’s Bank of China set the yuan fixing at its weakest level since September 2023 to boost export competitiveness. Additionally, five-year interest rate swaps in China fell to their lowest levels since 2020, indicating potential for further monetary easing.   Trump Talks Tough on EU Too   Trump’s hardline approach extended beyond China. Speaking at a press conference, he rejected the European Union’s offer to eliminate tariffs on cars and industrial goods, accusing the bloc of ‘being very bad to us.’ He insisted that Europe would need to source its energy from the US, claiming the US could ‘knock off $350 billion in one week.’   The EU, meanwhile, backed away from a proposed 50% retaliatory tariff on American whiskey, opting instead for 25% duties on selected US goods in response to Trump’s steel and aluminium tariffs.     Volatile Wall Street Adds to the Drama   Wall Street experienced wild swings on Monday as investors processed the rapidly evolving trade conflict. The S&P 500 briefly fell 4.7% before rebounding 3.4%, nearly erasing its losses in what could have been its biggest one-day jump in years—if it had held. The Dow Jones Industrial Average sank by as much as 1,700 points early in the day but later climbed nearly 900 points before closing 349 points lower, down 0.9%. The Nasdaq ended up 0.1%.   The brief rally was fueled by a false rumour that Trump was considering a 90-day pause on tariffs—rumours that the White House quickly labelled ‘fake news.’ The market's sharp reaction underscored how desperate investors are for any sign that tensions might ease.   Oil Markets in Focus: Goldman Sachs Revises Forecasts   Crude prices also reflected the uncertainty, with US crude briefly dipping below $60 per barrel for the first time since 2021. As of early Tuesday, Brent crude was trading at $64.72, while WTI hovered around $61.26.   Goldman Sachs, in a note dated April 7, lowered its average price forecasts for Brent and WTI through 2025 and 2026, citing mounting recession risks and the potential for higher-than-expected supply from OPEC+.       Under a base-case scenario where the US avoids a recession and tariffs are reduced significantly before the April 9 implementation date, Goldman sees Brent at $62 per barrel and WTI at $58 by December 2025. These figures fall further to $55 and $51, respectively, by the end of 2026. This outlook also assumes moderate output increases from eight OPEC+ countries, with incremental boosts of 130,000–140,000 barrels per day in June and July.   However, should the US slip into a typical recession and OPEC production aligns with the bank’s baseline assumptions, Brent could retreat to $58 by the end of this year and to $50 by December 2026.   In a more bearish scenario involving a global GDP slowdown and no change to OPEC+ output levels, Brent prices might fall to $54 by year-end and $45 by late 2026. The most extreme projection—based on a simultaneous economic downturn and a full reversal of OPEC+ production cuts—would see Brent plunge to below $40 per barrel by the end of 2026.   Goldman noted that oil prices could outperform forecasts significantly if there was a dramatic shift in tariff policy and a surprise in global demand recovery.   Cautious Optimism, But Warnings Persist   With both Washington and Beijing showing no signs of backing down, markets are likely to remain volatile in the days ahead. Investors now turn their attention to upcoming trade meetings and policy decisions, hoping for clarity in what has become one of the most unpredictable trading environments in recent years.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.