M
malaguti
Don’t go buying any “proprietary” indicators
Don’t pay for any courses
Don’t listen to anybody be that free or paid for advice, they don’t know anything more than you
Concentrate on longer term frames until you have that sussed.
Don’t look at Elliott Waves, they are all wrong
Don’t let anybody manage your money or make trades for you
Don’t buy a canned system,
Don’t use specialised software
Stay away from anybody who states the words “for traders, by traders”
You don’t need to scan for loads of opportunities, you just need one opportunity
Concentrate on one market but diversify. You can use different sectors
Do, look at non-time based charts as soon as possible
Shop around brokers, once bitten run a mile and don’t go back
Make as many notes as possible. Keep a journal.
Keep a log of all your trades, all your analysis. It’s a learning process
Backtest as much as possible, then forward test and then trade on demo. The markets aren’t going anywhere.
Learn to define the trend without indicators
There is no such thing as overbought or oversold
Once you have a winning system, keep with it and don’t tell anyone
Don’t pay for any courses
Don’t listen to anybody be that free or paid for advice, they don’t know anything more than you
Concentrate on longer term frames until you have that sussed.
Don’t look at Elliott Waves, they are all wrong
Don’t let anybody manage your money or make trades for you
Don’t buy a canned system,
Don’t use specialised software
Stay away from anybody who states the words “for traders, by traders”
You don’t need to scan for loads of opportunities, you just need one opportunity
Concentrate on one market but diversify. You can use different sectors
Do, look at non-time based charts as soon as possible
Shop around brokers, once bitten run a mile and don’t go back
Make as many notes as possible. Keep a journal.
Keep a log of all your trades, all your analysis. It’s a learning process
Backtest as much as possible, then forward test and then trade on demo. The markets aren’t going anywhere.
Learn to define the trend without indicators
There is no such thing as overbought or oversold
Once you have a winning system, keep with it and don’t tell anyone