Traders and Speculators Thread

I opened this thread so that everyone interested in this topic can share ideas, knowledge and experience so we can all learn, grow and be successful(crypto, nft, forex, stocks, etc…)

Are you trading manually or using an algorithm(bot)?

Why are you trading crypto/nft/forex/stocks?

What are the key factors to be a consistent winner?

Add your questions/answers

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I am currently trading forex using a couple of bots, in order to create an algorithm that makes consistent profits.
I use them on 20 pairs, forward testing, and then after each week, i check the results, and sort based on all variable to find patterns.
I have chosen forex because there are many pairs with good volume, and cheaper to buy bots for Metatrader4.
Some useful videos i’ve found on youtube are from Mark Douglas(has a book called Trading in the zone)

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Patience,money management

Have you used the TPO chart? He got a book called"Mind over market"

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i wasn`t aware of this, but looks interesting. thanks

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Trading is perhaps the greatest measurement of a persons state of mind, and that is where the most work should take place. As I read somewhere many years ago, most people could have the system of a trader who has made millions and lose everything. Auto-trading could be a little different, but the trader can always fiddle around with the algorithm.

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To me, most of the indicators out there do little more than distort prices, making it more difficult to see what is really taking place with price movement. I developed my own indicators many years ago, which are very consistent and easy to work with as they flow with prices, but have somewhat recently realized following a price line simplifies everything and is all that is really needed. The open, high, low and close make things more difficult to read, although out of habit I still have them on my charts. I trade commodities and currencies futures.

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what indicators are you using if i might ask? i look at a few EMA from the Fibonacci sequence

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Since I recently got the tarot cards, I decided to use them for yes and no answers to potential trades. Still working out exactly how this will be done. But so far there have been three, two winners which did not surprise me since the system is a high % win system, what got my attention was the no, don’t take the trade, I didn’t and it would have come hard against me for a loss, that has me a bit excited.

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If you are asking me, proprietary.

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Cycles come and cycles go, to develop a good indicator, one must find what works on cycles which can be found in all market conditions, not easy but can be done. Most indicators can work for a while under the the right market conditions, but when the cycles change the indicator stops working.

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I mean to say are you doing options trading?

No forex, only currency futures.

No options trading either.

hello Frank, your facebook profile is not active? trying to contact you so long :slight_smile:

Hi @vijaysharma833!

Nice to See You Again KY and QC wide

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Hello dear :)