#
Price Action Attack Map | N/A ------------------------------ |
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http://www.forexfactory.com/showthread.php?t=520423 | FXLester's guide to price action |
http://www.forexfactory.com/showthread.php?t=2331 | James16's guide to price action |
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html | "Price Action That Matters by Aaron Kruger |
https://www.forex4noobs.com/ | Forex 4 noobs price action battle plan! |
GAMES | N/A ------------------------------------------------------ |
---|---|
http://chartgame.com/ | Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good! |
BLOGS | N/A ------------------------------------------------------------------------------------------- |
---|---|
https://jkonfx.com/ | Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention. |
http://www.stocktradingtogo.com/ | A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through. |
http://www.tradingheroes.com/ | This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre. |
http://www.nobrainertrades.com/ | Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material. |
http://www.chatwithtraders.com | A weekly podcast that interviews successful traders. Thank you gumballfrank for this. |
http://ftp.traderkingdom.com/ | Not had much of a chance to check this out, but first impression are nice! |
http://www.forexlive.com | Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks! |
http://www.tradeciety.com/ | Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank |
http://orderflowforex.com/ | A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence! |
ONLINE SCHOOLS & LEARNING PORTALS | N/A ------------------------------------------------------------------------------- |
---|---|
http://theinnercircletrader.com/Tutorials.htm | Best tutorials in the world by a secret trillionaire. |
http://www.tradimo.com | A superb website dedicated to training people to become better investors traders for free. |
http://www.babypips.com | One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good. |
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke | Unbelievably thorough! Education on forex trading, literally everything is covered. |
http://stockcharts.com/school/doku.php?id=chart_school | Very wide ranging resource that focuses mainly on technical analysis. |
http://www.investopedia.com | This should be a given, but seriously – this place is the Wikipedia of trading/ investing. |
http://www.swing-trade-stocks.com/swing-trading-basics.html | Actually a really good learning resource that mentions psychology and momentum among other things. |
http://thepatternsite.com/Psychology.html | Really good information on trading psychology – something that often goes unnoticed with beginners. |
http://www.finvids.com/ | Cool little website with videos on candle patterns and chart patterns. |
http://www.fxacademy.com/ | Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners. |
http://forex-strategies-revealed.com/intro | PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need. |
ARTICLES OF INTEREST | N/A ----------------------------------------------------------------------------- |
---|---|
http://orderflowforex.com/2014/11/trading-books-proper-orde | There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners. |
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ | An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions. |
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ | Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money! |
http://www.tradeciety.com/category/trading-blog/ | Best trading & investing blogs and articles as picked by tradeciety.com |
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners | Forex jargon glossary for beginners. Submitted by gumballfrank |
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ | What is order flow trading? Essential for beginners |
FORUMS | N/A ------------------------------------------------------------------------------------------------- |
---|---|
http://www.forexpeacearmy.com/ | Excellent learning resource, main focus is to help avoid people getting scammed. |
http://www.trade2win.com/boards/ | Massive forum for beginners to talk to more experienced traders – very active community. |
http://www.forexfactory.com/forum.php | Much like trade2win but more focused towards forex. |
http://forums.babypips.com/ | Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems. |
MISCELLANEOUS RESOURCES | N/A -------------------------------------------------------------------- |
---|---|
http://www.forexfactory.com/showthread.php?t=520423 | Some beast called Lester showing you how it is! Read this! |
http://theinnercircletrader.com/Tutorials.htm | If you watch all of these you're already a millionaire! |
http://www.forex-warez.com/Free%20Download/ | Every book you could ever want on trading, investing, market psychology, strategies etc. |
http://www.forextradetracker.com/ | SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks. |
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html | Super useful Flashcard game that helps you to remember important candlestick patterns. |
http://www.hotcandlestick.com/forex_charts.htm | Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview. |
http://www.freeonlinetradingeducation.com/chart-school.html | Website offering visual illustration & practical applications of popular candlestick patterns. |
http://www.hotcandlestick.com/candles.htm | Glossary of candlestick patterns. |
http://www.incrediblecharts.com/topic/Technical_Analysis | Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts. |
http://www.forexschoolonline.com/ | Market overviews and trading opportunity videos provided, along with educational videos and the like. |
http://www.tradersdna.com/education/ | Another trading education site focusing more on forex. |
![]() | submitted by forex_noob to Daytrading [link] [comments] |
![]() | submitted by forex4xfxblog to u/forex4xfxblog [link] [comments] |
Price Action Attack Map | N/A ------------------------------ |
---|---|
http://www.forexfactory.com/showthread.php?t=520423 | FXLester's guide to price action |
http://www.forexfactory.com/showthread.php?t=2331 | James16's guide to price action |
http://forums.babypips.com/free-forex-trading-systems/58037-price-action-matters.html | "Price Action That Matters by Aaron Kruger |
https://www.forex4noobs.com/ | Forex 4 noobs price action battle plan! |
GAMES | N/A ------------------------------------------------------ |
---|---|
http://chartgame.com/ | Personally, i think this is pure genius! I love it, it's an amazing way to brush up on your chart skills and it's actually pretty cool to see how things went. It throws a random chart at you and you have to day trade it, it'll tell you how you did versus a buy & hold strategy and... well it's just really really good! |
BLOGS | N/A ------------------------------------------------------------------------------------------- |
---|---|
https://jkonfx.com/ | Technical & fundamental news on currencies. I would advise newer traders not to trade solely on external opinions because that won't cement your own methodology or reasons for trading. Excellent website for if you want an overview of the markets and daily reports. Also includes a trading journal and a lot of media attention. |
http://www.stocktradingtogo.com/ | A good blog for new traders/ investors. Lot of ‘top 10 lists’ to flick through. |
http://www.tradingheroes.com/ | This is absolutely amazing! I can't put a value on this! It's one of the best gems of the internet. Podcasts interviewing successful traders, some are notable such as 50pips, Walter Peters & Chris Kapre. |
http://www.nobrainertrades.com/ | Found this when doing the podcast link below, it's actually really good high quality stuff. Blog based with plenty of educational material. |
http://www.chatwithtraders.com | A weekly podcast that interviews successful traders. Thank you gumballfrank for this. |
http://ftp.traderkingdom.com/ | Not had much of a chance to check this out, but first impression are nice! |
http://www.forexlive.com | Heavily oriented towards fundamentals. Good news portal submitted by WinterTires thanks! |
http://www.tradeciety.com/ | Heavily visually oriented perfect for beginners! Lots of infographics and info. Submitted by gumballfrank |
http://orderflowforex.com/ | A blog that focuses on Personal Development as a trader. Absolutely essential. It'll help to focus you on your journey to trading omnipotence! |
ONLINE SCHOOLS & LEARNING PORTALS | N/A ------------------------------------------------------------------------------- |
---|---|
http://theinnercircletrader.com/Tutorials.htm | Best tutorials in the world by a secret trillionaire. |
http://www.tradimo.com | A superb website dedicated to training people to become better investors traders for free. |
http://www.babypips.com | One of the best free online schools which tracks your progress and teaches you heaps on information. The forum is the gem, where many people keep trade journals and put up their strategies. Don't copy them but borrowing concepts and ideas is good. |
http://www.forexpeacearmy.com/forex-forum/forex-military-school-complete-forex-education-pro-banke | Unbelievably thorough! Education on forex trading, literally everything is covered. |
http://stockcharts.com/school/doku.php?id=chart_school | Very wide ranging resource that focuses mainly on technical analysis. |
http://www.investopedia.com | This should be a given, but seriously – this place is the Wikipedia of trading/ investing. |
http://www.swing-trade-stocks.com/swing-trading-basics.html | Actually a really good learning resource that mentions psychology and momentum among other things. |
http://thepatternsite.com/Psychology.html | Really good information on trading psychology – something that often goes unnoticed with beginners. |
http://www.finvids.com/ | Cool little website with videos on candle patterns and chart patterns. |
http://www.fxacademy.com/ | Appears to be a free trading academy. Not tried it personally, but it looks really good. With plenty of videos for visual learners. |
http://forex-strategies-revealed.com/intro | PEOPLE IN NEED OF A STRATEGY CHECK THIS OUT List of strategies, literally everyone you'll ever need. |
ARTICLES OF INTEREST | N/A ----------------------------------------------------------------------------- |
---|---|
http://orderflowforex.com/2014/11/trading-books-proper-orde | There's a lot of information out there, it's overwhelming. You might think "Where the hell do I start?!" well here's your answer! The books you have to read... and in what order! Super important for beginners. |
http://www.stocktradingtogo.com/2009/05/14/trading-psychology-stages-investor-emotions/ | An article on the ’14 stages of investor emotions’ knowing who you are and what is happening to you can lead you to make more calculated decisions. |
http://fourhourworkweek.com/2014/10/15/money-master-the-game/ | Tim Ferris, author of The 4 Hour Work Week interviews Tony Robbins to find out the success behind the worlds best investors. Talking about morning routines, peak performance & mastering money! |
http://www.tradeciety.com/category/trading-blog/ | Best trading & investing blogs and articles as picked by tradeciety.com |
http://www.forextradetracker.com/blog/understanding-forex-jargon-a-glossary-for-beginners | Forex jargon glossary for beginners. Submitted by gumballfrank |
http://orderflowforex.com/order-flow-trading/what-is-order-flow-trading/ | What is order flow trading? Essential for beginners |
FORUMS | N/A ------------------------------------------------------------------------------------------------- |
---|---|
http://www.forexpeacearmy.com/ | Excellent learning resource, main focus is to help avoid people getting scammed. |
http://www.trade2win.com/boards/ | Massive forum for beginners to talk to more experienced traders – very active community. |
http://www.forexfactory.com/forum.php | Much like trade2win but more focused towards forex. |
http://forums.babypips.com/ | Another forum dedicated to forex traders. You'll find people keeping good strategies here, list them via most views first to find the real gems. |
MISCELLANEOUS RESOURCES | N/A -------------------------------------------------------------------- |
---|---|
http://www.forexfactory.com/showthread.php?t=520423 | Some beast called Lester showing you how it is! Read this! |
http://theinnercircletrader.com/Tutorials.htm | If you watch all of these you're already a millionaire! |
http://www.forex-warez.com/Free%20Download/ | Every book you could ever want on trading, investing, market psychology, strategies etc. |
http://www.forextradetracker.com/ | SUPER IMPORTANT This website is paramount to your success, still in development but will provide users with an easy way to document trades. Success is determined by your willingness to follow through with the boring bits so keep this one in your bookmarks. |
http://www.hotcandlestick.com/candlestick-pattern-flashcard-game.html | Super useful Flashcard game that helps you to remember important candlestick patterns. |
http://www.hotcandlestick.com/forex_charts.htm | Important candlestick patterns that have appeared on the major currency pairs. Good for a quick overview. |
http://www.freeonlinetradingeducation.com/chart-school.html | Website offering visual illustration & practical applications of popular candlestick patterns. |
http://www.hotcandlestick.com/candles.htm | Glossary of candlestick patterns. |
http://www.incrediblecharts.com/topic/Technical_Analysis | Another resource for learning technical analysis. Not particularly thorough but useful for basic concepts. |
http://www.forexschoolonline.com/ | Market overviews and trading opportunity videos provided, along with educational videos and the like. |
http://www.tradersdna.com/education/ | Another trading education site focusing more on forex. |
![]() | IMPORTANT: OVER 75% OF PEOPLE LOSE MONEY WITH CFD TRADING. IF YOU'RE A NOOB, DON'T EVEN THINK OF OPENING A CFD ACCOUNT. TRY MAKING CONSISTENT MONEY SWING TRADING ASX STONKS FIRST. THEN KEEP DOING THAT UNTIL YOU GET BORED AND WANT TO LOSE BIG MONEY VERY QUICKLY. ONLY THEN YOU MAY HAVE WHAT IT TAKES TO TRADE WITH LEVERAGE. submitted by _HeyHeyHeyyy_ to u/_HeyHeyHeyyy_ [link] [comments] You most likely don't have my discipline and pain tolerance. Or my feel for risk/reward math. On top of this you need markets to play nice and a bit of luck. I'm no wiz, but I know my strengths and weaknesses. I smell a good setup and prepare accordingly. Hope you all nail your big opportunity when it shows up. If not, that's okay too. You'll keep getting chances. Be patient. Focus on small wins. Plus there's far more important things in life than being loaded. ------ How I lost 5k trading CFDs then turned it around Back in April, I was playing with CFDs and nearly blew up my account. Started with $5k and dropped to almost zero because trading forex with leverage is a very stupid game. This is why IG gives you a demo account. But instead of using the demo account to learn how not to fuck up massively, I was using it to place giant YOLO shorts on US markets. By being a bit less retarded on the forex trades I clawed back some losses then topped up the account with another $2.5k before starting to open small positions in gold. From 3 to 10 contracts depending on how confident I felt. Then smelling a massive opportunity, I ramped up the leverage by going with much larger positions. Day 5 https://preview.redd.it/oqd955abwak51.png?width=1080&format=png&auto=webp&s=84aa309284c22117630899e39b8b1bfb89c670f3 Entering the silver trade It was only after making decent profits in gold that I dared venture into silver. I wanted to enter silver around $18 but missed the boat after waiting too long for a dip. $20 was still great. Tons of upside left. Silver is one nasty motherfucker to trade. It's a much smaller market than gold so the swings can be wild. Silver will play along nicely then suddenly fuck you really hard. If you use too much leverage you're basically waiting for your account to blow up. Stop losses will save you, but they can also kill your best trades. I didn't bother with stops for most of the ride because I'm an ASX_bets retard but also because I had ultra high conviction in the $25-27 price target. Started with 25 contracts. I very nearly missed out on this mini pump. Some might call it luck. Day 18 https://preview.redd.it/de8jozlexak51.png?width=1080&format=png&auto=webp&s=79d174c67a86754c7d9fd78aa594f88282c08834 Adding to my silver positions Increased my position size once I had a profit buffer to protect against sharp drops. It's WAY easier to blow up a CFD account than it appears. When trades are going well you feel like you can keep adding leverage and make millions. But even small swings will kill you if your positions are too big. Discipline is key. Buying 50 contracts in silver is not the same as 50 contracts in gold because silver moves are 2-4 times bigger. When gold moves 100 points, expect a 200-400 points move in silver. Having an equal mix of gold an silver contracts helped lower the overall volatility of my account. Anything over 10 contracts in silver is big. You can lose hundreds within minutes. Buy 50 contracts, the price drops $1 and you're $5000 in the hole. I knew when to push and when to hold back. This was EXTREMELY important. I did not get greedy. I was happy to let price moves do most of the lifting. Started the day with 3k profits. Went to bed that night with big beautiful bhags. 17k https://preview.redd.it/qcbeoxvnxak51.png?width=1080&format=png&auto=webp&s=4228593b9d86cc5f0460f44af06c7292ea644625 Day 19 Woke up the next morning with even bigger bhags. 30k https://preview.redd.it/9b439y5qxak51.png?width=1080&format=png&auto=webp&s=19e3ad27d7237bc88fdeb329ebcd113e11349554 Day 24 More pump. I added 50 silver contracts that day after a decent drop. Profits now up to around 41k. Held through the big swings... Like a proper bitch, Silver dropped another 5% soon after I added those 50 contracts and my 41k profit became 20k very suddenly. But no stop loss and I held firmly. What's a 21k drop when you've been down 35k on BBOZ before. Metals bounced back hard later that evening. Still not selling. High conviction made all the difference here. Five days later and I was up to 50k profit. At that point, I felt safe enough to add another 50 contracts. https://preview.redd.it/j2at0n95zck51.png?width=1080&format=png&auto=webp&s=4a0ea2fabe6a245807fb9ee8a8d0bc4ce854ba3a And it paid off BIG Both gold and silver keep pumping. Profit now 86k. Day 28 https://preview.redd.it/f3pz0an8zck51.png?width=1080&format=png&auto=webp&s=0ca765b6cad423786dee33a1366c70d324e39b8d Why sell now? Not selling yet. GV's silver target was $25-27 so I was confident holding through some wild swings. GV = Gold Ventures https://twitter.com/thelastdegree A turbo chad from Belgium who made a massive fortune trading options during 2008-2011 when silver went from $9 to $50 before crashing hard. GV is a certified wizard when it comes to timing the gold and silver cycles. Started with his wife's 32k savings and is now worth 18 million EUR or USD, I'm not sure and who cares. GV is pretty low key but commands plenty of respect from other metal traders on Twitter. Meanwhile GV was on holiday but still shitting money. https://preview.redd.it/ixsxwjx30dk51.png?width=1080&format=png&auto=webp&s=9fd5741634a7a5b0f913f5ea12edf05722f9fddf GV also has a junior miner portfolio worth several millions. I believe it's true. I went deep into his Twitter history. He was buying heavily into the March crash and some of his picks like AbraPlata have since made 10x. Junior miners are like call options on metal prices with no expiry date but you still need to pick winners and enteexit at the right time. Magical Six Figure Milestone Not long after... BOOM! Hit 100k in profit. When starting, I knew there was potentially 40k-50k to be made from this setup even without playing it perfectly. I would have been okay with 20k. Day 32 https://preview.redd.it/oy8sqsgz1dk51.png?width=1080&format=png&auto=webp&s=a8c628670578b81d72b9a41bd9d2307a27a2fbf7 Start taking profits Silver was still going strong but I felt it was time to de-risk. So I started taking profits on both gold and silver around that time. https://preview.redd.it/gvdqs67a2dk51.png?width=1080&format=png&auto=webp&s=64a77d3ccca86fe6e29eb43e0c2eaf096f68867c Okay I'm out The way silver kept pumping, I knew a big correction was imminent. By 12pm I was completely out with over 110k profit. Home and dry. I went on with my daily work routine, a bit more relaxed and not checking charts every 5 minutes. And then metals dumped hard. There was money to be made on the short side but there was also a strong possibility of shorts being squeezed. So I didn't bother. https://preview.redd.it/opoio79i2dk51.png?width=1080&format=png&auto=webp&s=80187384d37e03eec8d01814248bbe4c5a48cc4f After the dump, I had no appetite to get back in with big positions. In hindsight I could have made tons more if I held to $29 but the ride from $24 to $29 is far more risky than $20 to $26. I'm quite okay with my 40x performance. Plus I needed to reset mentally after this rocket ride. More often than not, the best thing to do after a huge trading win is to take a break. Wisdom gained from the BBOZ days :) Withdrew my initial capital and 90% of the profits from IG. Left around 6k on the account to keep playing. https://preview.redd.it/1djdhz1m2dk51.jpg?width=1080&format=pjpg&auto=webp&s=c028a06d4e0cf73bfb80f8ac48dd18e333b791d4 Feels good to have extra funds to invest with but I also need to set some aside for the monster tax bill next year. You're welcome Australia, and all the JobSeekeJobKeeper leeches. Hey everyone, check out my insane stats! That 85% win rate though...
Less impressive when zooming out to include the forex train wreck in April and my more recent metal trades.
----- Credits to: https://twitter.com/thelastdegree - already covered above https://twitter.com/DaveHcontrarian - called the metals and S&P500 bull runs https://twitter.com/AdamMancini4 - simple yet powerful charts https://twitter.com/badcharts1 - advanced silver charts https://twitter.com/graddhybpc - advanced gold and silver charts https://twitter.com/Northst18363337 - another master of charts https://twitter.com/bhagdip143 - ultimate master of monster position and making bhags BTW fuck Facebook groups, you'll hardly learn anything there. Full of losers. Twitter is where the elite traders and big dick fund managers bounce ideas. A solid Twitter list is worth thousands if not millions in the right hands. |
![]() | Hi all, submitted by Blamoy to Forex [link] [comments] I'm new here and new to forex. I have a small amount of experience trading stocks and options but just think it's too volatile at the moment so want to transition to a casino where the deck isn't ENTIRELY stacked against me :P I've just started babypips and tracking some currency pairs looking for what I think my entries would be. A couple of noob questions: 1) USD/HKD So this pair is pegged between 7.75 - 7.85 If this pair is trading at the extreme end of the range isn't this a pretty one-sided trade? Obviously there is the risk that the peg could break or be changed etc but how likely is that? Is it possible to watch pairs like this trading, wait to see some upward movement + increased volume and enter? Losses would be limited to the lower bound with solid upside? This seems like something every noob would think of so what am I missing? https://preview.redd.it/d8pc5kvwbj751.png?width=1505&format=png&auto=webp&s=59422ca9b4ab8d21c5eea636618ef64b8b3a83f9 2) Margin of Safety in a Forex Strategy If I'm testing a strategy what % margin of safety should I try to build in before thinking the strategy might be worthwhile? Let's say I have 2:1 risk:reward and expect to be right 50% of the time, this is probably not good enough, but what about if I was right 51% of the time? 55%? 60%? etc I guess the question is, what percentage of statistical edge should I be looking to build? |
forex4noobs — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! I believe that smart traders, who want to succeed in Forex MUST master price action, and their tr... © Forex4noobs. All Rights Reserved. Learn Forex. Forex Education; Forex Blog Charts, forecasts and trading ideas from trader forex4noobs. Get unique market insights from the largest community of active traders and investors. The download includes two courses: Price Action Course and Risk Management Course. Good for beginners. Course: Forex4Noobs – Forex Mastermind Size: 561 MB
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In this public webinar I will go over how to trade my powerful trend trading strategy. It’s perfect timing too! Every year towards the end of the summer holi... Placing support and resistance may seem hard but it's easy. In this video I show you exactly how to do it with my simple step-by-step method. *CLICK BELOW TO... I’m Nick Bencino, creator of Forex4noobs, a site dedicated to teaching price action trading to those interested in exploring the Forex market. Throughout my ... The 4 forex strategies that every trader should know ! 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental Trading Academy https://w... Check out the accompanying article for the three best forex trading setups in 2019: https://www.forex4noobs.com/forex-blog/three-best-forex-trading-setups-to...