In the past the learning material was not as organised, which was quite challenging for new members to short out by themselves. So in our ongoing effort to make this the best place to learn to trade, Markepedia has been enriched recently with the addition of visual "roadmap" explaining what you should gain from each article by practicing and applying it on the charts. Also a small guide of how you should go about your study has been added.
Last but not least one more article titled "Ignored Levels" has been added in the wealth of Markepdia's knowledge.
Last week one of our members post this ridiculously monster trade on loonie (USD/CAD). Small stop and huge reward. You can read all about it below in his own words.
UC trade from last week update, got really lucky this time ..140 R , damn if i only grab one like that a month then i can retire safely
You can read more of his trades in his journal.
Another lovely curve from a RTM member posted this week. From what he told me the drawdown was of one particular trade with misplaced SL and not his usual risk profile. Way to go BruseVSN
3 weeks later.
SUPPLY & DEMAND TRADING – SMOKE & MIRRORS
In recent years, there has been an influx of vendors promoting ‘Supply and Demand’ trading as the pathway to financial freedom. Unlike traditional retail trading strategies, the hook with this form of trading is its supposedly a method used to trade with the ‘smart money’ and ‘institutions’. This is a marketing ploy to make the student trader feel like they are part of an exclusive club which makes all other trading styles appear inferior. Sounds great, right?
Unfortunately, it’s nothing more than smoke and mirrors. At this point you may be thinking “isn’t RTM itself a community built upon supply and demand trading?”. It is true that components of Supply and Demand are discussed however, its presented in a way that identifies decisions and manipulation on the chart. This differs greatly to the conventional teachings of Supply and Demand Trading.
Learning to trade – Is it education or Propaganda?
Have you recently decided to embark on a journey with a destination promising a four hour work week and endless riches? Perhaps, you have decided the daily work grind, and commute is not for you? Or You may have recently heard about individuals leaving their job and making millions of dollars from the financial markets. There can be many ways one is lured into the sleek and polished world of trading.
The journey typically starts with a simple google search like “Online Trading Education” You press enter, and a few seconds later pages upon pages of search results appear. It’s a smorgasbord of choices. As you scroll down the pages, you see links to different vendors selling many courses including Day Trading Education or Forex Education, just to name a couple. But how do you know who is the ultimate online trading educator or who offers the best trading education? Unfortunately, none of the options will provide you with an understanding of how the markets operate.