- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.
Another Day, Another Chair, Another Day in the Office 198 replies
A Great Indicator needs a touch of a great coder 7 replies
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Average system + great discipline =great results? 44 replies
Disliked........to open long term orders ...... is called investing, not trading - which during these times I wouldn't even consider with someone else's money, never mind my own. I've always thought that investing is for those who don't have the time or knowledge to trade.
As far as the news of the day and how it effect currencies, it is already reflected in the charts or will be shortly. I just think we all get more than enough from the media about how bad things are or will be in the future. How does more and more "news" help? Most of which, AIG...Ignored
DislikedTo that end the FF cal is all the news i watch. i catch the occasional headline that is present when i go to my yahoo mail, but thats it. don't even watch tv unless my wife has some video and she plays the 'quality time' card.Ignored
DislikedDude you can't just step aside and sit around in front of your pc watching how the graphics at the MT move and based on that make yourself a Trading plan. Forex is affected by the actual economic crisis and guess what...we get ourselves informed of that by the media. Unless you can investigate for yourself the actual issues...that would be greatIgnored
DislikedAnd the thing that matters most about news or fundamental trading is that you have to know in advance what the reaction will be to the news that comes out. Otherwise how do you determine how to trade something before knowing the news unless you know what the market reaction will be - which most times is not probable.
So if you don't know what the "new" news is going to be and only a probable idea of the reaction, why bother?
Because it makes you feel like you are accomplishing something, except when the market does the opposite...Ignored