The Ichimoku Kinko Hyo System Forex Academy

Point Forex pour la semaine du 21/11 au 25/11/16 (systeme ichimoku kinko hyo)

Point Forex pour la semaine du 21/11 au 25/11/16 (systeme ichimoku kinko hyo) Pour aller plus loin
submitted by lejournalduntrader to tradingenligne [link] [comments]

Point Forex pour la semaine du 21/11 au 25/11/16 (systeme ichimoku kinko hyo)

Point Forex pour la semaine du 21/11 au 25/11/16 (systeme ichimoku kinko hyo) Pour aller plus loin
submitted by lejournalduntrader to tradingenligne [link] [comments]

Sharing stocks and forex trading materials

PM me if you would like to get these
Stocks, forex ebooks and forum pdf, indicators
Jtrader Daytrading method
YTC trading method
Mark Douglas - Trading in the Zone
spartan fx renko box
Alexander Elder - Lessons From a Traders' Camp 1999
Footprint Deep Dive
Learn, Plan, Profit - Your A-Z Blueprint To Mastering The Stock
MambaFX Day Trading Scalping Bundle 02 19
Forex Trading Pro Indicator
Anyone who are interested in the following trading videos [from successful traders], pls pm or drop me an email. [[email protected]](mailto:[email protected])
Investor Live - Trade on the fly
Investors Live Textbook Trading
Investors Live Tandem Trader
James Dalton Trading Course
SMB Reading the Tape
All Tim Syke Collection
Steven Dux Trading Technique
Steven Dux Duxinator & Freedom Challenge
Akil Stokes & Jason Graystone - TierOneTrading
Andrew Keene - Ichimoku Cloud Course
Auction Market Foundations Course-Tom Alexander
Avdo - ForexGrid Mentoring Program
Axia Futures - The Footprint Course
Cameron Fous – Epic Sequal! FOUS4x2! New Day Trading
Elliott Wave Ultimate
Forex4noobs
Gary Dayton – Trade Tops & Bottoms
Hanzo Shadowcode Forex
ICT mentorship
Investopedia Academy - Advanced Options Trading
Market profile training
OFA Volume Profile Course
Babypips Peter Fader VSA Course
Ryan Teo Price Action Trading Institute
Sang Lucci Trading ORder FLow
Simpler Trading - INTRODUCTION TO THINKSCRIPT
Simpler Trading - The Bullseye System
SMB Foundation Forex
Paul Scolardi Super Trade Bootcamp
Tim Grittani - Trading Tickers
Timothy Morge - Market Geometry
tradeguider-vsa-chart-reading-masterclass
Trader Dale Forex
Trader Dante Bund Method
Understanding Global Fundamentals Course by Chris Lori
Wolf Trading – A Day Trading Guide (Roland Wolf
Wyckoff Trading Making Profits With Demand And Supply
submitted by fistno to FreeKarma4You [link] [comments]

Price Action Trading- The Greatest System.

When I first started trading, I used to add all indicators on my chart. MACD, RSI, super trend, ATR, ichimoku cloud, Bollinger Bands, everything!
My chart was pretty messy. I understood nothing and my analysis was pretty much just a gamble.
Nothing worked.
DISCLOSURE- I've written this article on another sub reddit, if you've already read it, you make skip this one and come back tomorrow.
Then I learned price action trading. And things started to change. It seemed difficult and unreliable at first.
There's a saying in my country. "Bhav Bhagwan Che" it means "Price Is GOD".
That holds true in the market.
Amos Every indicator you see is based on price. RSI uses open/close price and so does moving average. MACD uses price.
Price is what matters the most.
Everything depends on the price, and then the indicators send a signal.
Price Action trading is trading based on Candlestick patterns and support and resistance. You don't use any indicators (SMA sometimes), use plot trend lines and support and resistance zones, maybe Fibs or Pivot points.
It is not 100% successful, but the win rate is quite high if you know how to analyse it correctly.
How To Learn Price Action Trading?
YouTube channels- 1. Trading with Rayner Teo. 2. Adam Khoo. 3. The Chart Guys. 4. The Trading Channel (and some other channels including regional ones).
Books- 1. Technical Analysis Explained. 2. The trader's book of volume. 3. Trading price action trends. 4. Trading price action reversals. 5. Trading price actions ranges. 6. Naked forex. 7. Technical analysis of the financial markets.
I think this is enough information to help you get started.
Price Action trading includes a few parts.
  1. Candlestick patterns You'll have to be able to spot a bullish engulfing or a bearish engulfing pattern. Or a doji or a morning star.
  2. Chart Patterns. The flag, wedge, channels or triangles. These are often quite helpful in chart analysis without using indicators.
  3. Support or Resistance. I've seen people draw 15 lines of support and resistance, this just makes your chart messy and you don't know where the price will take a support.
You can also you the demand and supply zone concept if you're more comfortable with that.
  1. Volume. There's a quote "Boule precedes price". Volume analysis is a bit hard, but it's totally worth learning. Divergence is also a great concept.
  2. Multiple time frames. To confirm a trend or find the long term support or resistance, you can use a higher time frame. Plus, it is more reliable and divergence is way stronger on it.
You can conclude everything to make a powerful system. Like if there's a divergence (price up volume down) and there's a major resistance on some upper level and a double top is formed,
That's a very reliable strategy to go short. Combinations of various systems work very good imo.
Does this mean that indicators are useless?
No, I use moving averages and RSI quite frequently. Using price action and confirming it through indicators gives me a higher win rate.
"Bhav Bhagwan Che".
-Vikrant C.
submitted by Vikrantc2003 to Daytrading [link] [comments]

Giving away all Trading courses materials or Ecommerce courses materials at low cost

Yup, as stated. Tried to post in relevant subreddit but kept getting deleted by mob bot.
PM me u/fistno or email [email protected] if you like the following:
Trading courses material:

Stocks, forex ebooks and forum pdf, indicators
Jtrader small cap trading
YTC trading
Trading in the Zone
spartan fx renko box
Crypto Trading
Alexander Elder - Lessons From a Traders' Camp 1999
Footprint Deep Dive
Learn, Plan, Profit - Your A-Z Blueprint To Mastering The Stock
MambaFX Day Trading Scalping Bundle 02 19
Forex Trading Pro Indicators
Investors Live trade on the fly
Investors Live Textbook Trading
Investors Live Tandem Trader
James Dalton
SMB Reading the Tape
Tim Syke Collection
Steven Dux Trading Tech
Steven Dux Duxinator & Freedom Challenge
Akil Stokes & Jason Graystone - TierOneTrading
Andrew Keene - Ichimoku Cloud Course
Auction Market Foundations Course-Tom Alexander
Avdo - ForexGrid Mentoring Program
Axia Futures - The Footprint Course
Cameron Fous – Epic Sequal! FOUS4x2! New Day Trading
Elliott Wave Ultimate
Forex4noobs
Gary Dayton – Trade Tops & Bottoms
Hanzo Shadowcode
ICT
Investopedia Academy - Advanced Options Trading
market profile training
OFA Volume Profile Course
Peter Fader VSA Course
Ryan Teo Price Action Trading Institute
Sang Lucci
Simpler Trading - INTRODUCTION TO THINKSCRIPT
Simpler Trading - The Bullseye System
SMB Foundation Forex
Super Trade
Tim Grittani - Trading Tickers
Timothy Morge - Market Geometry
tradeguider-vsa-chart-reading-masterclass
Trader Dale Forex
Trader Dante Bund Method
Understanding Global Fundamentals Course by Chris Lori
Wolf Trading – A Day Trading Guide (Roland Wolf
Wyckoff Trading Making Profits With Demand And Supply

or Ecommerce tools/ courses material:

wordpress themes/ woocomerce/ yoast plugins/ etc
SEO all food that you need
SEO MEGA 2013
1000+ PLR articles
Adrian Morrison - EcomSuiteX
Benjamin Joseph - Amazon FBA Secrets 3.0
Benjamin Joseph - Amazon FBA Secrets 3.0 UP1
Matt Clark Amazon Sellers Summit Barcelona
Stefan.James.Life.Business.Mastery Accelerator
Amazon Yuping.Power.Sourcing.Course
Tai Lopez Courses
19 Copywriting Secrets to Convert Leads to Customers.zip
CrazyTalk Pipeline 8.rar
Niche Authority Domination Cou… [2018].zip
Dan Kennedy Mind Hijacking
Dan.Kennedy.Source.Code.to.Building Attraction
Dan.Lok.Perfect.Closing.Script
Facebook.Ads.Mastery.Strategy
Grant Cardone courses
Grant.Cardone.and.Frank.Kern.Branding.Webinar
Helium.10.Elite.Amazon.FBA.Masterminds
Kevin.David.Amazon.FBA.Ninja
Kevin.David.Digital.Course.Secrets.2019
submitted by fistno to u/fistno [link] [comments]

So you wanna be a proffesional trader?

Back to the trenches I guess. Some of you might remember my last post over proffesional approaches to the markets. If not I suggest you take a look on it before reading this.
https://www.reddit.com/Forex/comments/cxymyf/a_peek_into_how_financial_institutions_play_this/
I promised to discuss some stuff about macroeconomic approaches to forex, and well, with some delay here I am. Again, here I introduce the very same disclaimer. This is a professional approach, not coming from retail. Take everything with a grain of salt, and exercise proper due diligence with your approach. Sincerely hope you get something out of this post.
An inconvenient, forex truth
You've been there, struggling and suffering for a while. You have experienced the pain that the markets can unleash on you. You have left positions on the red for longer than your sanity could possible hold. You have opened positions that moved to the green, but you did not take any profits and you let that position slowly die and possibly causing huge loses. Now here you are , in October 2019, possibly as a breakeven trader, still suffering and trying. You have researched hundreds of indicators, if not thousands. You thought you have all sorted out with your RSI , stochastics and TDI. Yet you have switched between strategies more than you have changed your underpants in your whole life. Spent too many hours looking at the screen, wondering what the hell you are still missing.
And the incovenient truth is that you want the glitz and the glamour, and the caviar, but you are not willing to eat the shit. And this is the shit: How are you expecting to make any good money on a field where you dont know virtually anything about it. Nor the substance that you are trading, nor what moves it. How are you actually expecting to beat guys that breath and eat economics?. You know literally nothing about volatility and liquidity, about interbanking flows , about puts and calls, market microestructure and price delivery mechanisms both on OTC markets and CME , what is GDP , how is calculated and why is critical. CPI, NMI, GDP to debt ratios, UST, repo markets, shadow banking, carry diferentials, how and why commodities alter certain currencies. EM vs G10 currencies, pegged vs unpegged. Balances of Payments.... When you hear "greeks" you are thinking about the Iliad or Athens. You know nothing about business and credit cycles. Valuation anchors, return to the mean, standard deviations, fair values. I could go on and on and on. Does this make you uncomfortable? It should.
You have dozens of the best students that the world can produce, coming out of the London School of Economics, or from IT degrees in Harvard and MIT, all moving into freaking huge financial institutions, building complex system, doing incredible research . Funded to an extreme you can not imagine. Working in partnership with the IMF and Central Banks all aroundthe world. PhD's dedicating their lifes to such complex systems and situations....... and yet here you are, insolent and ignorant piece of s***, you that have been trying to make your "RSI" or "stochastic" work for 2 months, trying to beat this multi billion-trillionaire infrastrucure. Do you start to realize where the f*** do you stand? Do you really believe even for a freaking second that you can beat them on their game? Using RSI or Ichimoku? EAT.THIS.SHIT.
And its not that technicals are not necesary. They are. But believe me, I (and most pro's that I've ever engaged with) spent less than 1/5 of the time actually managing trades and looking at price charts. If I'm not scalping , my day starts with me reading around 12 to 15 research papers coming from the main financial institutions, glued to my Reuters terminal reading more reports, looking at polls, updating my macroeconomic models with the latest data, performing calculations related to options...... only then, with a fundamental trading idea, I will move to evaluate technicals to see if the timing is good.
I want to learn, how shall I procede?
You want to build a lasting and enjoyable relationship with the market? EAT THE SHIT, and do all that is under your control to actually be able to open The Financial Times and understand what they are talking about. It will take you years, and for the education, hundreds of dollars. But this is how it goes if you want to get real. This is career, not a hobby. This is simply the way to be consistent. EAT THE SHIT.
I compiled some resources to get you started:
ACATIS Konferenz 2016, Mr. Koo, Surviving in the Intellectually Bankrupt Monetary Policy Environment - A great video coming from Nomura, to understand the actual shitty situation in the Eurozone.
Online Courses - Look for IMF on EDX. Also, a fenomenal course on Banking and Money in Coursera.
Books -
Macroeconomics, Gregory Mankiw - Start here to graps the basic concepts
Financial Times Guide to the Financial Markets
Financial Times Guide to Banking
Applied Financial Macroeconomics and Investment Strategy: A Practitioner’s Guide to Tactical Asset Allocation
The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy
The Other Half of Macroeconomics and the Fate of Globalization (English Edition)
The new lombard street - how the fed became the dealer of last resort
Foreign Exchange , Amy Middleton
The Role of Currency in Institutional Portfolios, Momtchil Pojarliev and Richard M. Levich
Currency Overlay: A Practical Guide, Second Edition, Hai Xin
The Handbook of Corporate Financial Risk (2nd edition)
Trade Stocks and Commodities with the Insiders: Secrets of the COT Report (Wiley Trading)
How I Made One Million Dollars Last Year Trading Commodities
Market Liquidity: Theory, Evidence, and Policy (English Edition)
Trading And Exchanges: Market Microstructure For Practitioners
The Microstructure Approach to Exchange Rates
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Big Debt Crises
Payments Systems in the U.S. - Third Edition: A Guide for the Payments Professional
The Volatility Machine: Emerging Economics and the Threat of Financial Collapse (English Edition)
Stabilizing an Unstable Economy
submitted by Cryptochihuahua to Forex [link] [comments]

How to get started in Forex - A comprehensive guide for newbies

Almost every day people come to this subreddit asking the same basic questions over and over again. I've put this guide together to point you in the right direction and help you get started on your forex journey.

A quick background on me before you ask: My name is Bob, I'm based out of western Canada. I started my forex journey back in January 2018 and am still learning. However I am trading live, not on demo accounts. I also code my own EA's. I not certified, licensed, insured, or even remotely qualified as a professional in the finance industry. Nothing I say constitutes financial advice. Take what I'm saying with a grain of salt, but everything I've outlined below is a synopsis of some tough lessons I've learned over the last year of being in this business.

LET'S GET SOME UNPLEASANTNESS OUT OF THE WAY

I'm going to call you stupid. I'm also going to call you dumb. I'm going to call you many other things. I do this because odds are, you are stupid, foolish,and just asking to have your money taken away. Welcome to the 95% of retail traders. Perhaps uneducated or uninformed are better phrases, but I've never been a big proponent of being politically correct.

Want to get out of the 95% and join the 5% of us who actually make money doing this? Put your grown up pants on, buck up, and don't give me any of this pc "This is hurting my feelings so I'm not going to listen to you" bullshit that the world has been moving towards.

Let's rip the bandage off quickly on this point - the world does not give a fuck about you. At one point maybe it did, it was this amazing vision nicknamed the American Dream. It died an agonizing, horrible death at the hand of capitalists and entrepreneurs. The world today revolves around money. Your money, my money, everybody's money. People want to take your money to add it to theirs. They don't give a fuck if it forces you out on the street and your family has to live in cardboard box. The world just stopped caring in general. It sucks, but it's the way the world works now. Welcome to the new world order. It's called Capitalism.

And here comes the next hard truth that you will need to accept - Forex is a cruel bitch of a mistress. She will hurt you. She will torment you. She will give you nightmares. She will keep you awake at night. And then she will tease you with a glimmer of hope to lure you into a false sense of security before she then guts you like a fish and shows you what your insides look like. This statement applies to all trading markets - they are cruel, ruthless, and not for the weak minded.

The sooner you accept these truths, the sooner you will become profitable. Don't accept it? That's fine. Don't bother reading any further. If I've offended you I don't give a fuck. You can run back home and hide under your bed. The world doesn't care and neither do I.

For what it's worth - I am not normally an major condescending asshole like the above paragraphs would suggest. In fact, if you look through my posts on this subreddit you will see I am actually quite helpful most of the time to many people who come here. But I need you to really understand that Forex is not for most people. It will make you cry. And if the markets themselves don't do it, the people in the markets will.

LESSON 1 - LEARN THE BASICS

Save yourself and everybody here a bunch of time - learn the basics of forex. You can learn the basics for free - BabyPips has one of the best free courses online which explains what exactly forex is, how it works, different strategies and methods of how to approach trading, and many other amazing topics.

You can access the BabyPips course by clicking this link: https://www.babypips.com/learn/forex

Do EVERY course in the School of Pipsology. It's free, it's comprehensive, and it will save you from a lot of trouble. It also has the added benefit of preventing you from looking foolish and uneducated when you come here asking for help if you already know this stuff.

If you still have questions about how forex works, please see the FREE RESOURCES links on the /Forex FAQ which can be found here: https://www.reddit.com/Forex/wiki/index

Quiz Time
Answer these questions truthfully to yourself:

-What is the difference between a market order, a stop order, and a limit order?
-How do you draw a support/resistance line? (Demonstrate it to yourself)
-What is the difference between MACD, RSI, and Stochastic indicators?
-What is fundamental analysis and how does it differ from technical analysis and price action trading?
-True or False: It's better to have a broker who gives you 500:1 margin instead of 50:1 margin. Be able to justify your reasoning.

If you don't know to answer to any of these questions, then you aren't ready to move on. Go back to the School of Pipsology linked above and do it all again.

If you can answer these questions without having to refer to any kind of reference then congratulations, you are ready to move past being a forex newbie and are ready to dive into the wonderful world of currency trading! Move onto Lesson 2 below.

LESSON 2 - RANDOM STRANGERS ARE NOT GOING TO HELP YOU GET RICH IN FOREX

This may come as a bit of a shock to you, but that random stranger on instagram who is posting about how he is killing it on forex is not trying to insprire you to greatness. He's also not trying to help you. He's also not trying to teach you how to attain financial freedom.

99.99999% of people posting about wanting to help you become rich in forex are LYING TO YOU.

Why would such nice, polite people do such a thing? Because THEY ARE TRYING TO PROFIT FROM YOUR STUPIDITY.

Plain and simple. Here's just a few ways these "experts" and "gurus" profit from you:


These are just a few examples. The reality is that very few people make it big in forex or any kind of trading. If somebody is trying to sell you the dream, they are essentially a magician - making you look the other way while they snatch your wallet and clean you out.

Additionally, on the topic of fund managers - legitimate fund managers will be certified, licensed, and insured. Ask them for proof of those 3 things. What they typically look like are:

If you are talking to a fund manager and they are insisting they have all of these, get a copy of their verification documents and lookup their licenses on the directories of the issuers to verify they are valid. If they are, then at least you are talking to somebody who seems to have their shit together and is doing investment management and trading as a professional and you are at least partially protected when the shit hits the fan.


LESSON 3 - UNDERSTAND YOUR RISK

Many people jump into Forex, drop $2000 into a broker account and start trading 1 lot orders because they signed up with a broker thinking they will get rich because they were given 500:1 margin and can risk it all on each trade. Worst-case scenario you lose your account, best case scenario you become a millionaire very quickly. Seems like a pretty good gamble right? You are dead wrong.

As a new trader, you should never risk more than 1% of your account balance on a trade. If you have some experience and are confident and doing well, then it's perfectly natural to risk 2-3% of your account per trade. Anybody who risks more than 4-5% of their account on a single trade deserves to blow their account. At that point you aren't trading, you are gambling. Don't pretend you are a trader when really you are just putting everything on red and hoping the roulette ball lands in the right spot. It's stupid and reckless and going to screw you very quickly.

Let's do some math here:

You put $2,000 into your trading account.
Risking 1% means you are willing to lose $20 per trade. That means you are going to be trading micro lots, or 0.01 lots most likely ($0.10/pip). At that level you can have a trade stop loss at -200 pips and only lose $20. It's the best starting point for anybody. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from.
Risking 3% means you are willing to lose $60 per trade. You could do mini lots at this point, which is 0.1 lots (or $1/pip). Let's say you SL on 20 trades in a row. You've just lost $1,200 or 60% of your account. Even veteran traders will go through periods of repeat SL'ing, you are not a special snowflake and are not immune to periods of major drawdown.
Risking 5% means you are willing to lose $100 per trade. SL 20 trades in a row, your account is blown. As Red Foreman would call it - Good job dumbass.

Never risk more than 1% of your account on any trade until you can show that you are either consistently breaking even or making a profit. By consistently, I mean 200 trades minimum. You do 200 trades over a period of time and either break-even or make a profit, then you should be alright to increase your risk.

Unfortunately, this is where many retail traders get greedy and blow it. They will do 10 trades and hit their profit target on 9 of them. They will start seeing huge piles of money in their future and get greedy. They will start taking more risk on their trades than their account can handle.

200 trades of break-even or profitable performance risking 1% per trade. Don't even think about increasing your risk tolerance until you do it. When you get to this point, increase you risk to 2%. Do 1,000 trades at this level and show break-even or profit. If you blow your account, go back down to 1% until you can figure out what the hell you did differently or wrong, fix your strategy, and try again.

Once you clear 1,000 trades at 2%, it's really up to you if you want to increase your risk. I don't recommend it. Even 2% is bordering on gambling to be honest.


LESSON 4 - THE 500 PIP DRAWDOWN RULE

This is a rule I created for myself and it's a great way to help protect your account from blowing.

Sometimes the market goes insane. Like really insane. Insane to the point that your broker can't keep up and they can't hold your orders to the SL and TP levels you specified. They will try, but during a flash crash like we had at the start of January 2019 the rules can sometimes go flying out the window on account of the trading servers being unable to keep up with all the shit that's hitting the fan.

Because of this I live by a rule I call the 500 Pip Drawdown Rule and it's really quite simple - Have enough funds in your account to cover a 500 pip drawdown on your largest open trade. I don't care if you set a SL of -50 pips. During a flash crash that shit sometimes just breaks.

So let's use an example - you open a 0.1 lot short order on USDCAD and set the SL to 50 pips (so you'd only lose $50 if you hit stoploss). An hour later Trump makes some absurd announcement which causes a massive fundamental event on the market. A flash crash happens and over the course of the next few minutes USDCAD spikes up 500 pips, your broker is struggling to keep shit under control and your order slips through the cracks. By the time your broker is able to clear the backlog of orders and activity, your order closes out at 500 pips in the red. You just lost $500 when you intended initially to only risk $50.

It gets kinda scary if you are dealing with whole lot orders. A single order with a 500 pip drawdown is $5,000 gone in an instant. That will decimate many trader accounts.

Remember my statements above about Forex being a cruel bitch of a mistress? I wasn't kidding.

Granted - the above scenario is very rare to actually happen. But glitches to happen from time to time. Broker servers go offline. Weird shit happens which sets off a fundamental shift. Lots of stuff can break your account very quickly if you aren't using proper risk management.


LESSON 5 - UNDERSTAND DIFFERENT TRADING METHODOLOGIES

Generally speaking, there are 3 trading methodologies that traders employ. It's important to figure out what method you intend to use before asking for help. Each has their pros and cons, and you can combine them in a somewhat hybrid methodology but that introduces challenges as well.

In a nutshell:

Now you may be thinking that you want to be a a price action trader - you should still learn the principles and concepts behind TA and FA. Same if you are planning to be a technical trader - you should learn about price action and fundamental analysis. More knowledge is better, always.

With regards to technical analysis, you need to really understand what the different indicators are tell you. It's very easy to misinterpret what an indicator is telling you, which causes you to make a bad trade and lose money. It's also important to understand that every indicator can be tuned to your personal preferences.

You might find, for example, that using Bollinger Bands with the normal 20 period SMA close, 2 standard deviation is not effective for how you look at the chart, but changing that to say a 20 period EMA average price, 1 standard deviation bollinger band indicator could give you significantly more insight.


LESSON 6 - TIMEFRAMES MATTER

Understanding the differences in which timeframes you trade on will make or break your chosen strategy. Some strategies work really well on Daily timeframes (i.e. Ichimoku) but they fall flat on their face if you use them on 1H timeframes, for example.

There is no right or wrong answer on what timeframe is best to trade on. Generally speaking however, there are 2 things to consider:


If you are a total newbie to forex, I suggest you don't trade on anything shorter than the 1H timeframe when you are first learning. Trading on higher timeframes tends to be much more forgiving and profitable per trade. Scalping is a delicate art and requires finesse and can be very challenging when you are first starting out.


LESSON 7 - AUTOBOTS...ROLL OUT!

Yeah...I'm a geek and grew up with the Transformers franchise decades before Michael Bay came along. Deal with it.

Forex bots are called EA's (Expert Advisors). They can be wonderous and devastating at the same time. /Forex is not really the best place to get help with them. That is what /algotrading is useful for. However some of us that lurk on /Forex code EA's and will try to assist when we can.

Anybody can learn to code an EA. But just like how 95% of retail traders fail, I would estimate the same is true for forex bots. Either the strategy doesn't work, the code is buggy, or many other reasons can cause EA's to fail. Because EA's can often times run up hundreds of orders in a very quick period of time, it's critical that you test them repeatedly before letting them lose on a live trading account so they don't blow your account to pieces. You have been warned.

If you want to learn how to code an EA, I suggest you start with MQL. It's a programming language which can be directly interpretted by Meta Trader. The Meta Trader terminal client even gives you a built in IDE for coding EA's in MQL. The downside is it can be buggy and glitchy and caused many frustrating hours of work to figure out what is wrong.

If you don't want to learn MQL, you can code an EA up in just about any programming language. Python is really popular for forex bots for some reason. But that doesn't mean you couldn't do it in something like C++ or Java or hell even something more unusual like JQuery if you really wanted.

I'm not going to get into the finer details of how to code EA's, there are some amazing guides out there. Just be careful with them. They can be your best friend and at the same time also your worst enemy when it comes to forex.

One final note on EA's - don't buy them. Ever. Let me put this into perspective - I create an EA which is literally producing money for me automatically 24/5. If it really is a good EA which is profitable, there is no way in hell I'm selling it. I'm keeping it to myself to make a fortune off of. EA's that are for sale will not work, will blow your account, and the developer who coded it will tell you that's too darn bad but no refunds. Don't ever buy an EA from anybody.

LESSON 8 - BRING ON THE HATERS

You are going to find that this subreddit is frequented by trolls. Some of them will get really nasty. Some of them will threaten you. Some of them will just make you miserable. It's the price you pay for admission to the /Forex club.

If you can't handle it, then I suggest you don't post here. Find a more newbie-friendly site. It sucks, but it's reality.

We often refer to trolls on this subreddit as shitcunts. That's your word of the day. Learn it, love it. Shitcunts.


YOU MADE IT, WELCOME TO FOREX!

If you've made it through all of the above and aren't cringing or getting scared, then welcome aboard the forex train! You will fit in nicely here. Ask your questions and the non-shitcunts of our little corner of reddit will try to help you.

Assuming this post doesn't get nuked and I don't get banned for it, I'll add more lessons to this post over time. Lessons I intend to add in the future:
If there is something else you feel should be included please drop a comment and I'll add it to the above list of pending topics.

Cheers,

Bob



submitted by wafflestation to Forex [link] [comments]

People with Forex mentors. How has it helped you?

Good evening/morning depending on from where you're from. I've gone through baby pips and the udemy course. Watched and obscene amount of you tube videos. I feel as though I have and okay grasp on the technical aspect, I can tell I've only got a minimal grasp of it but definitely enough to lose my all my money. So far my demo account is in the negative but, I only just decided on a system that fits my personality. I'm currently using the ichimoku cloud 1hr candles and checking 30min and 4hr time frames to finalize and fine tune my entry.
So, what I would like to know is. I've only heard mentors mentioned on reddit. But it seems mentors are something that people use judging by the communities of gurus who get people together to call out trades.
Is it usually recommended to have a mentor? I've been considering trying to get a forex discord channel started maybe separate channels into trading systems? Are there any open groups to join or discord channels to get into? It's the weekend now and i find myself biting at the bit for forex stuff and of course no trading on the weekends. I feel like I've run out of relevant info I can get off of "sell your training course people". What should I do while I wait for Australia to open on Sunday?
BTW you people are awesome and I enjoy going through the posts and getting fresh perspectives on my new found joy of testing strategies and throwing fake money away.
submitted by Jerkychew86 to Forex [link] [comments]

Nadex or Other Brokers?

Hey guys,
So I am totally new to reddit (at least for the posting side and not just for reading) so if I am violating anything in anyway please just let me know, but I have been learning to trade Forex specifically Forex binaries with nadex for about a 1 year and I have seen dramatic improvements in my trading I have been interested in investing all my life and still pretty young just looking for some direction. The reason I went with nadex was because I don't have to worry about taking my account negative off of a single trade, like other brokers because of leverage ( I assume?). I just have some questions for people that maybe are making some consistent profits off nadex?? I have been testing the Ichimoku cloud system on 15 minute charts focusing on 2 hour expiration's. The reason I went with nadex was I see that they are supposed to be CFTC regulated, but some people are still saying its gambling but then they say they still trade Forex, so just wondering especially for a US trader if there using forex.com?? I am not trying be offend anyone I am just confused and would like some clarification.... I am also starting to wonder if people that do trade Forex are generally using brokers like ninja trader or forex.com? I dont mind if i trade things other than binaries and get into regular Forex but I just don't like the idea of leverage trading, so are there some brokers that could be recommended?
Thanks!
submitted by Baker200 to Nadex [link] [comments]

r/Stocks Technicals Tuesday - Dec 25, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Nov 27, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Dec 04, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Dec 11, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

r/Stocks Technicals Tuesday - Dec 18, 2018

Feel free to talk about technical analysis here (not argue against it), but before you ask any question make sure you see the following information:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions:
Measure: Is the security's price trending, has it dipped or is it a falling knife? Interpret: Does the current price mean investors think it's undervalued or overvalued; when did they buy/sell more and why? Predict: If price reaches a certain point, will there be a rally or get rejected?
The main benefit to TA is that everything shows up in the price (commonly known as priced in): All news, investor sentiment, and changes to fundamentals are reflected in a security's price.
TA is best used for short term trading, but can also be used for long term.
Intro to technical analysis by Stockcharts chartschool and their article on candlesticks
Terminology
Useful indicators
Methods or Systems
Strategies: See the TA wiki here as this will be a work in progress, feel free to reply with your own strategy.
See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday.
submitted by AutoModerator to stocks [link] [comments]

The Complete Ichimoku Course - From Beginner To Advanced

The Complete Ichimoku Course - From Beginner To Advanced Hello Guys, In this video I want to introduce you to the main system / Indicator that I use for trading which gives me the most consistent profits and reliability. The Indicator or system that I use is called ‘Ichimoku’. Full title is 'Ichimoku Kinko Hyo'. And was invented by a Japanese trader called Goichi Hosoda (細田悟一 Hosoda Goichi), a Japanese trader / journalist who used to be known as Ichimoku Sanjin, which can be translated as "what a man in the mountain sees". Ichimoku translates into He spent 30 years perfecting the technique before releasing his findings to the general public in the late 1960s. Ichimoku Kinko Hyo in Japanese translates to 'one glance equilibrium chart' or 'instant look at the balance chart' and is sometimes referred to as "one glance cloud chart" based on the unique "clouds" that feature in ichimoku charting, reffered to as the Kumo Clouds. Hosada's Ichimoku system incorporates some very useful and effective trading signals, which consist of the following. We have the chikou crossing through price, that's the first signal, we have a tenkensen bounce and break, we have a kijunsen bounce and break, there’s the kumo cloud bounce and breakout, and the tenkensen and kijunsen cross, which is normally abbreviated to the TK cross. This complete charting and trend indicator forms a very powerful, and useful aid in our trading, and, to be used to it’s full potential, all these elements need to be used, and studied in conjunction with each other. As you can see if you’ve never come across this system before it can be very intimidating and complex, however fear not - If you are interested in learning about this complete system or are simply just struggling with your own trading - if you visit my website you can sign up for my complete ichimoku trading strategies course and become a member. In this course I cover the ichimoku system from beginner to advanced, in fine detail and talk about how I trade, and how I have been profitable consistently for the last 20 years, using ichimoku as my main Indicator. I also talk about money management, price action, when to trade and when not to trade, and my preferred forex pairs for trading. I also cover support and resistance, divergence, moving averages along with profit targets, stops and even the psychology of trading. So if you would like to learn about this ichimoku system, visit my website which is tradingtoprofit.com and sign up for the course which is over 6.5 hours long and split into various sections for you to learn at your own pace and accessible anytime at a later date to refresh your knowledge. I’ll put a link under the description of this video to my website. Also if you would like to keep watching my videos please subscribe, comment or like. Thank you for watching this video and I hope to see you in the course soon. Take care and good luck in your trading.
https://youtu.be/sttcW5PB9rQ
submitted by Dr_Trader to StockMarket [link] [comments]

Enough! This is really Ichimoku Kinko hyo, the best ... COMPLETE ICHIMOKU CLOUD trading system ( telugu) for ... Basic Ichimoku Cloud Strategy (Safest Entry) - YouTube Ichimoku Kinko Hyo Trading System - YouTube Ichimoku SecretsHow to Use Ichimoku Kinko Hyo in Forex ... ICHIMOKU CLOUD TRADING SYSTEM Advanced Ichimoku Trading Strategy for Forex Trading ...

The Ichimoku cloud trading system is a unique and easy to use technical analysis indicator. Many traders and investors alike use it to day trade, swing trade, and invest. The Ichimoku system quickly and easily shows support and resistance, displays a stocks momentum, identifies the direction of the trend and offers trading signals. We are huge ... The Ichimoku trading system is mainly an all-rounder indicator, which not just offer information about support but also provide trend direction and momentum at the same time.. The Ichimoku indicator is an effective trading system although many of the traders feel overwhelmed when they get all the information and lines which greatly help them making trading decisions correct. In this strategy article, we will cover the Ichimoku Swing Trading System.The Ichimoku Cloud system which was developed by the Japanese in 1930 it may be not so commonly used in the USA but in Japan this is the system that they’re primarily used to trade with. The Ichimoku system when you look at it on a chart it does look complicated, but if you know what you’re looking for it’s not ... I agree that the Ichimoku is one of the best indicators for forex. 65% winning trades is good with any system. Are you demo trading with Ichimoku or are you trading live ? What time frames do you use and which of the signals do you look for? I trade on 4 hour time frames and only with the daily trend and my primary signals are the the Chinkou Span crossing the price action and the crossover of ... In the picture Ichimoku forex system in action. Share your opinion, can help everyone to understand the forex strategy. Comments: 8 #8. Arthur (Thursday, 11 June 2020 21:37) IKH provides a captivating view on the charts. 1. 3 conditions provide a confirmation of entry trigger 2. The Chikou span target is a dynamic pivot point for exit 3. The MA cross of Tenkan/Kijun Sen provide a bonus ... The Ichimoku Kinko Hyo System. When I use the Ichimoku Kinko System in my trading, I can look at a chart and immediately know whether a trade can be taken in less than a minute. Ichimoku means, at a glance. Use this system enough, and you will be able to glance at a market and know if a trade is viable or not. What is singularly fascinating ... The Forex Ichimoku Clouds Breakout trading System is designed to run on various indicators. This indicators are the ZB-CloudCandles indicator, ZB-CloudLines indicator, ZB-CloudMatrix indicator, RngersBars indicator, iChimoku_u8 indicator, iChimoku_u9 indicator, iChimoku_u10 indicator and the iChimoku_u11 indicator. The trading system is available for free download and once downloaded then you ...

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Enough! This is really Ichimoku Kinko hyo, the best ...

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