Quote from: angaper on March 06, 2016, 11:02:36 PM

I have been a forex trader for 4 years, and it is interesting to realize that there are some guys still believing in technical analysis as a reliable way to carry out this business, when it is well known that TA is nothing but a series of numbers and figures related to past events.

I am totally convinced that this business is just a matter of money management and strategy, and it is enough to become a profitable trader.

Hello Angaper! Thanks for taking the time to read my tutorial and reply, I really appreciate your input

. I respectively disagree on your stance when it comes to the importance and relevance of technical analysis but I definitely do agree with your outlook on money management.

If your not utilizing proper risk management in unison with a strategy then you will surely fail weather that strategy be based on technical analysis or something else. With that being said, technical analysis is a VERY important tool that every trader should have in their tool box for it is very important to understand and I don't think it should be something that's ever overlooked or under appreciated. The value of technical analysis when used in conjunction with proper risk management is truly priceless.

The next piece that I will be adding to this tutorial will have a section on proper risk/reward management and how to identify trades that fit a defined risk/reward ratio

I hope everyone's having a good start to the trading week! I will probably post a few trading signals on this thread for everyone sometime this week

!

These last couple years have been phenomenal for me and I'm really looking forward to sharing my knowledge with all of you and raking in an insane amount of pips together!

If anyone has any questions about ANYTHING feel free to PM me