- Search Forex Factory
- Wachturm replied Aug 1, 2017
Thank you all for contributing! The purpose of this thread was to start an inner process of especially new traders - "know thyself". Like Tharp said, "you dont trade the market, you trade your beliefs about the market". I think its important to know ...
Beliefs about the market
- Beliefs about the marketStarted Jul 30, 2017|Trading Discussion|16 replies
Hey! I would like to know your five strongest beliefs about the market. What is the market for you? ...
- Wachturm replied Jul 29, 2017
We dont see things the way they are, we see them the way we are. Talmud image Tharp
The Trader's Academy - by Traders for Traders
- Wachturm replied Jul 15, 2017
That is great my friend, but poorly the exact opposite is true for me. Anyways, I think you can succeed because there are traders here at FF who did. I think medici is one of those. I have read many of his posts and I believe him. Couple of years ...
What are your future financial goals?
- Wachturm replied Jul 15, 2017
Thanks man. Same to you. The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. -Michelangelo
What are your future financial goals?
- Wachturm replied Jul 15, 2017
My goal is to quit my job. So, my financial goals are to save every $ for my Account and to make 10-50% p.a. for the rest of my life.
What are your future financial goals?
- Wachturm replied Jun 26, 2017
Lets say you start having a 10k account. Risk 1% or 100$. If you lose 20%, that would be 2k. Your account balance is 8k. Risk 1% or 80$. If it trends and you have a risk:reward of 1:20 you win 20 % or 1600$. Account 9.6k. But if your risk was 0.1 % ...
How much drawdown can you tolerate?
- Wachturm replied Jun 22, 2017
thank you for sharing
Putting a Gun to your Head - 1 Piece of Trading Advice
- Wachturm replied Jun 22, 2017
He never said he made 1000% for many years. He said he can make a decent living with a 10k account. 90k profit in one year - minus taxes. He has no other income, so he has to pay his living cost from it. 90k minus ~ 30k taxes , minus 2k per month? ...
Putting a Gun to your Head - 1 Piece of Trading Advice
- Wachturm replied Jun 18, 2017
Okay, I would never say that this is impossible, but to make an average of 10%/month without having lots of losing months is indeed an ambitious approach. I think it is hard to achieve that performance consistantly. I like Casinos. They can lose a ...
how long does it takes to become a successful trader?
- Wachturm replied Jun 17, 2017
I like your post, especially the last sentence. Lets focus on being frugal. If you live in a small flat and survive eating frozen pizza, you would still need something about 500 $ per month. Maybe even more. If you have no other income it hast to be ...
how long does it takes to become a successful trader?
- Wachturm replied Jun 17, 2017
Not being profitable is just a lack of knowledge. But its more than just this. Because it sounds like something you could learn, like learning programming for example. But its not. Its more like an accepting progress. So, being profitable is easy ...
how long does it takes to become a successful trader?
- Wachturm replied Jun 9, 2017
Choose a Broker where you cant lose more than your Account Balance! (And like loureed10 wrote - SL always!)
Putting a Gun to your Head - 1 Piece of Trading Advice
- Wachturm replied Jun 7, 2017
Hi Naiji, ich would like to hear your opinion for eur/jpy monthly chart. July 2017 - "bullish hammer" target ~ 135 / 140 ??
Daily candle chart