Best Neural network is your brain..you wont believe it brain is the most powerful PC in an entire universe with 100 billion neurons connected by 1000 trillion synapses. At the time of our death, 80% of our brain is not utilized. We only use 20%. To ...

neural network based systems in forex

Put 10,000 hours first in getting trained. Thats 4 hours a day for 8 years. Ask tiger woods how he become world champion. He started playing golf at age of 3 and continued to practice for next 15 yrs before winning first championship at age of 18. ...

It is possible to be rich in FX!

Hi esuffw, Nice thread started by you. You are speaking 100% naked truth which many try to avoid- There are no secret patterns and there will never be one. Trading is full of contradictions. Sometimes i think i am trying to do the impossible thing ...

There are no secret patterns and there will never be one

No. No. No. Trust me Big No. Continue to generate 20% + returns along with full time job for next 10 years and then see how much capital you have built.

Should I become a full-time Forex trader?

Trading is hard work. If i can give 1000 hours of practice + read trading in zone multiple times, i might get success. Add it to it, trading is frustrating. Even after getting majority of winning trades, some trades will hit SLs or be in range bound.

There are no secret patterns and there will never be one

I not only record my trades but keep three journals which are updated every day as i am a day trader. The three journals are : 1) Daily description of how market moved in word file 2) Excel sheet updated with OHLC data 3) Daily saving of charts in ...

Do you record your trades?

We are born with 100 billion neurons. Neurons are cells where we store all our life- Memory, learning, patterns etc. Neurons communicate with each other through synapses. There are about 1000 trillion synapses. When we start our life, we learn new ...

No more BS - What have you learned?

Well said. Repetition is the sexiest word...repetition makes everything possible.

No more BS - What have you learned?

Glad to know an experienced trader like you agree with me. I tell each and every trader try to study functioning of brain to understand how you learned language, communication, professional skills, driving etc ! With one year of structured ...

No more BS - What have you learned?

I have learned one secret which builds any kind of skill human beings want- There are 100 billion neurons connected with 1000 trillion synapses in the brain. Brain is the most powerful PC in the entire universe. Learning, memory and skill ...

No more BS - What have you learned?

No way China and India will allow free float of their currencies for many decades to come. China is saying you can take yuan 0.5% + - on a given day and thats it ! If yuan makes volatile swings, china will intervene. Their economies are not ...

New trading markets are going to appear soon!

Trading needs at least 2000-3000 hours of learning, practice and revision on a demo account. 95% of traders dont do that.

Now I know why 95% of traders are on losing side

In a demo account at IGMARKETS.CO.UK (which is a global number 1 CFD provider), the software hit my SL in trading FTSE 100 while the actual quote in the market was way above my SL. The market makers are trained to hit SLs, bankrupt clients and move ...

If you could be a forex market maker?

Very well said. Trading need studies, learning, understanding, revision and practice. Each trading day is like a simulation. But the problem is we do not earn anything during 'learning phase'. Just like we do learning to become a professional in any ...

I am demotivated...

I intentionally delayed my 3 exams for 10 months to become an internal auditor. I thought if i can figure out currency trading in about 6 months, i can have a great independent trading business. Needless to say, i did learned lot of new things, lost ...

I am demotivated...

Well Times magazine and new york times have got an archive section where you can search articles relating to your interest. You will surely get currency trading articles. For example: I enjoy reading how Dow Jones was trading at 400-1000 levels from ...

Forex Before the Euro - What Was It Like?

Nothing again system traders but i wonder if robots will take over our life and someday do our surgery as well replacing 'doctor grey matter'. All i know system trading/technical analysis is made possible through large computing power after 1980s. I ...

I am demotivated...

Nicely said...Dow hit 1997 levels and S&P hit 1996 levels on March 9, 2009- The bottom of current rally. But i have to say one thing- Super Long Term trend is always up in equities except Nikkei which felt hardly from 1989. I mean if i am born in ...

Trend following systems

I love Mark Douglas. Mark Douglas says in Trading in Zone relating to why traders dont put enormous amount of hard work in learning and practicing trades before putting live trades- 1) You need absolutely no skill to put on a winning ...

Why are most retail traders usually on the wrong side of the market?

This could be THREAD OF THE YEAR 2010 in forex factory !! Life aint that easy. You have to spend couple of years practicing demo in getting a hunch/intuitions about market moves.

Let's move the market!