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One year later into my trading career...........seeking guidance and direction
@ budfox
Have you checked out "forex tester 2" , I did purchase it and it has helped me thrust my tradingsystem. Much better than any book I invested in. FT71's webinars have helped me think about how I can make things work out the way that suits me best. A big thank you to FT71 & Big Mike for doing them.
One advice I was given by Walter Peters has been good :
First step -> test your system with the forex tester . Then you will have a clue if it works or not. and you will gain confidence in it.
Second step -> trade demo account until you have trippled your demo account.
Third step -> Go live with a small part of your money. when you have successfully trippled the small account you can move to next step.
Step Four-> you can now trade live with your full size account that you have been saving until you proved to yourself that you were able to trade consistently profitable for a long time .
and .. budfox, there are many resource/experiment for this kind of Q @ more focused FX forums, for your reference.
even if we find profitable method over certain period of time, how do we know that this result is not due to random chance ? ...
Well said, certainly sage advice, it's amazing how these opinions will be derided and ridiculed on some sites. To succeed at this business the list of required attributes is almost endless, with rational independant thinking at the head of the list. I've found my greatest edge to be my 30+ years as a businessman, trading is about money, when it involves money then success will always be about business, not the latest indicator/method. Cheers John
I'm a long time lurker, first time poster. I'm new to futures trading.
@tigertrader: your posts are extremely well thought-out and intelligently written. They have increased my big picture understanding of the futures market.
@tturner86: I've read the first few pages of your journal. It looks good so far! I'm interested in reading more.
I'd like to thank not just those two, but everyone who took the time to post something constructive in this thread. Your efforts and advice are much appreciated.