OK I understood. Knowledge is important. I don't deny it. But it would be cool if more specifically indicated what I need to know. Time is money. Therefore, I would like to study specific knowledge, and not everything in a row.
Absolutely no knowledge at all to trade forex. It’s easy peasy lemon squeezy. Just hit buy on GBPUSD each day at 8AM GMT, stop loss 4000 pips, 3 lots. You’ll make tonnes I’m telling you. Close when you’ve had enough.
You need to look at shares if you think you can earn without knowledge. You cannot just jump bingo a profession and earn. Solicitors practice law and not accountancy and vise versa. Technical analysis can help greatly but you need a thorough grou ding, in order to understand it. I met with a civil engineer on Tuesday who has acquired an IG Pro account and is £890,000 in arrears and 90% margin. He begged me to teach him and he thought he had just experienced some bad luck. He had over 70 open positions and not one was in profit. Tradi g requires study practice on a demo account, extreme discipline and a strategy that is rigidly stick by and back tested. After all that, the one deciding factor that separates us is psychology; a huge subject in itself. I sincerely hope you study and practice or you will be gambling and throwing your money down the drain.
He is not interested in trading. He is interested in making money in trade but in a different way.
You understand me.He is not interested in trading. He is interested in making money in trade but in a different way.
I can only advise the author to try first and then add up his opinion what knowledge he needs specifically. And on the basis of this experience, he will be able (maybe) to ask the right questions. And we will tell you where or in what direction to look
Thank you. I'm looking for more variants.
Yes I have the answer for you
Sell a course on how to trade forex
There are hundreds of people making great money doing this most of which have never traded forex in their life. Even better is that there are even more gullible punters willing to pay large sums of money for what is essentially useless information.
If that fails then you can always progress to the latest incarnation of this which is:
Sell a course on how to trade bitcoin
Either of the above will bring in a substantial income for zero knowledge on either subj
You need to know market depth!
Do you know how deep the market is?
What is it? How to know it?
Market depth is basically, our trading efforts. The placing of limit orders, market orders, stacking and pulling orders. These events make up trading, and the depth that we see in time and sales, the DOM, and which transfers to the chart bars we see on the charts. Market depth ALONE determines what price does, where it goes, and WHEN it will go. Most traders are in the market when there is no reason to be, which only impacts their trading negatively, with a loss or heavy draw downs. We only should trade when its CLEAR in the market depth that one side has control of the market. There is no other time to trade, not if you're looking for consistency on a professional level.
this is kinda of a blind trust you have there, i mean, its hard investing in anything when you know like nothing about it, but to be fair, i would say pamm account, or managed accounts, but still risk is there since it would be someone else trading your money.
