I do technical analysis for 7 major brokers and am consistently on the top of tradingview. My one advice on forex systems is don't waste your time and money on it.
Focus your energy learning fibonacci retracements, fibonacci extensions, support/resistance, oscillators, chart patterns, price...
I mentioned previously to start with a small live account (maybe $100 or $1,000). Nothing beats the emotional intensity of trading even a small live account versus a $100,000 demo account.
Small piece of advice is go open a small live account and start trading. Nothing beats the feeling of trading real money and that teaches you a whole lot more lesson than a $10 million demo account.
Go on FPA, see which brokers are highly rated (at least above 4 stars) and have a decent history (at least in the market for the past 3 years). There are many brokers who look good in the short term but are not able to handle the big waves and black swans that come along the way.
Regulation is...
You have to realize trading is a game of probabilities. It's not a game of absolute probability (eg. winning 100% of the time). So as long as you have an edge on the market, keep rinsing and repeating your strategy and let the edge work itself out.
You can't remove emotions from trading, the best you can do is build systems around it to control it. Example : get a trade manager that executes your trading plan and don't touch it while your trade is unfolding itself. I feel that the moment you start meddling with it, that's where things...
Hey everyone!
Been browsing FPA for a long time and decided to give this forum a go. I like to share ideas on trading strategies involving fibonacci, support/resistance and elliott wave structure.
Hopefully I can contribute to you guys as much as you have contributed to me steering away from...
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