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It is usually a necessary stage that most traders go through. Although not all of them. Whether a trader goes through it kinda depends on what their beliefs and expectations are when they initially get started with trading. If they have a belief that there is this work-money link, and they convert that into trading …
Originally posted at forexfactory on May 13, 2011: Ok, so you want to risk 15% of your account on a trade. Got it. Do you know what type of trade you want to place? Do you know if you want it to be a day trade, swing trade, position trade? Do you know if you …
You go where the volatility and massive order flow is and will be generated into the future. That is why it is ideal to have a working knowledge of many different currency pairs and markets. So you can cherry pick the best opportunities where an explosion of volatility or trend will occur. That is where …
Trading is all about order flow and liquidity, no matter which market you trade, whether it is currencies, gold, etc. There is absolutely nothing wrong with playing the greater fool game, so long as you can manage your risk, leverage, know how to place good trades, and know when the trend is going to end. …
Originally posted at forexfactory on May 6, 2011: I dunno man, that John Paulson guy says its going to $4,000. Hes betting like half his net worth on that one trade. If he says it, it must be true. Ohh but wait, I’m an order flow trader so I need to think in terms of …
Originally posted at forexfactory on May 2, 2011: Never read Lyons, and it is very low on my to do list. Well if you want to be a quant, then you study quant stuff I guess. If you want to be an order flow trader, then you study order flow, information flow, news, liquidity, global …
Originally posted at forexfactory on April 26, 2011: Well, yeah if you put the statistics like that, then it doesn’t look good. But the dirty little secret is that you can think about the market while you are doing other things. You do not necessarily have to put it 10,000 hours worth of staring at …
Originally posted at forexfactory on April 25, 2011: Well it is true that not everyone can be a successful trader. However, that line of thinking is extremely poisonous to the aspiring trader. The aspiring trader needs to be believe that it is possible to succeed in trading with every fiber of his/her being. Why? Because …
Originally posted at forexfactory on April 18, 2011: I will probably be preparing some sort of order flow guide, or series of articles to help people become an order flow trader. I would appreciate it if you guys would send in questions that you have. It has been many years since I underwent the …