“What are the chances of an inexperienced retail trader doing well? Furthermore, most of the traders make use of a mix of fundamental, sentiment and technical analysis to create bigger trades. Aside from the liquidity advantage, is it really possible for you to, for retail traders to profit using pure price action techniques? It’s a lot…”
‘If tapping doesn’t make sense or you don’t want to talk about your journal and write it out, talk about how you have no control. All the control you have is using your strategy, taking the right trade at the right time…”
“Let’s say you’re doing something on the Swissie. You will just filter out all of the Swiss news and you can set the date there back to whenever – to how far you want to go back and capture…”
“You can turn that into a technical chart where you draw all these multiple trendlines, it’s going to collapse and it’s going to come down really hard on the other direction. That’s a concrete example of what is a technical analysis has tapped into. It could just tapped into basic fear and greed stuff that we deal with in the market…”
“What you need to do is come up with a number of trades that you need to have sort of bank in your account so that you are able to withstand one a drawdown…”
In this episode of Truth About FX, Walter digs in the idea about how your intuition as a trader – and as a human being – affects your trading decisions. He also gives a brief on this interesting book that can help you understand the role of intuition. And did you know there is a…
“What happens if my broker goes bust? What happens if something happens overnight, my position gets stopped out? Those are the sorts of things and maybe meditation would help…”
Walter talks about becoming a successful forex signal provider. What are the things you should keep in mind and do you have the right outlook to pursue it? According to him, the’re an easy trick to help you attract subscribers and give you the edge. There’s also this very easy to use tool that can help you set-u risk parameters… And who is this signals-guy Walter is talking about and how you can learn a thing or two in finding your niche.
“Now, what we want you to do is qualify and show us that you’re a good enough trader. Once you do, we’re going to give you a little chunk of money to trade. We will keep most of the profits that we make on this little chunk of money and you get to keep some of it”.
In this episode of Truth About FX, Walter gives some insider information on how can YOU become a hedge fund trader – there’s two ways: one involves some drinks and the other a laptop. And is this really a job for everyone or just a specific type of trader? Walter shares his personal experience and…