Well, who would expect my "desire" to find a mentor in forex and money making could actually translate into "reality"?
Haha...the very least, now I've someone to turn to in the event I need help in trading and furthering my understanding of how to use indicators and to spot trends in the market. In the coming weeks, I can expect to start experimenting with a system to decide my trades. And, doubtlessly, I would speak of my progress here and hopefully everyone can learn together. (And that's no one way traffic, remember to share with me your experiences guys!)
The day before I met my mentor, Clarence, I actually had a small meeting with Firman and Eusof, my 2 trading partners. Thanks for the chance to share whatever tiny bit of econs knowledge I have with you guys! Ever heard that you learn most when you teach? Haha, given my tutoring experiences and the various meetings when I could transmit my knowledge in whichever field, I realised that teaching consolidates one's knowledge and maybe make it more applicable as well.
For example, I used to study market structures in my JC days. And the info came to life when I passed it on to some of my friends who intend to go into stocks and maybe start a company. One more is the knowledge of channels and consolidation and the general patterns in the forex charts, and it really made me think about how to present the knowledge and make it applicable to trading. And wala! I think with the help (and more help in future) from Clarence, I should be able to really spot trends proper and trade based on such judgement.
But...haha...nothing is sweet in the beginning, and as I tried to draw the trend lines and stuff on the G/U graph (that's called doing homework, no weekend hols for traders), I realised I really am at a lost as to how to do it...
Well, never mind, I will just draw whatever I can and send it to Clarence and request him to see if I am doing it right...haha...so long...learn with me guys!
Just one last point, I was told that news do not affect the major trend of the currency pairs, but only delays the time it takes for the target to be reached due to swings caused by the news. And that it is not really impt to a swing trader, and actually, what Firman, Eusof and I have been doing so far seems to be more swing than intraday...
Ok, that's it for now...See you guys soon! (And to the guys I've met at the forex session, may we do our trading and profit in many ways!)
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