Regardless of how you know your technical analysis based trading system, there’s always increasingly more factors that may influence market action very suddenly. Some might have been predicted by technical analysis plus some couldn’t. The marketplace hides many nasty surprises that can make two identical trends of two different charts, that appear to be identical about the charts but have different fundamentals beneath the hood, including different strength in bonds, crude oil or interest rates – these aren’t visible about the charts, yet they are able to increase the risk for two seemingly identical trends bring about very different trading conditions. The blind technical analyst follower will certainly fail on a single of these two trend periods, the best he can do is be prepared. Fast changing market issues that overpower many indicators usually are not ever addressed in books and even in bad quality seminars. Moderator live trading services do!
An excellent moderator assisting you, while trading live, can’t be matched by any books as well as seminars
Unfortunately, there appears to be so much junk facts about the internet, seminars, webinars, and A huge number of books. Even books with average to positive feedback can be worthless and dangerous with a trader. The thing is that you can write a great book by considering past data and picking convenient signals while avoiding to refer to conflicting signals and technical analysis when using a large amount of uncertainty.
Most of these authors don’t even trade themselves. It is unbelievable how naive people trust them and fall victims of well presented and well written junk content. I’ve known good quality authors and software system inventors for example Mark Douglas, Afshin Taghechian and Van Tharp, however they are the exception for the rule. Also Angel’s day trading tips, Murphy’s classical but innovative technical analysis for investors and Taghechian’s proprietary market indicator and divergence Emini trading will be the only rare exceptions.
Live trading is the real test for a good trader to show their skills!
Live moderator trading is where a replica trader cannot last, and should not fool you at all They need to prove their technical analysis understanding, they need to prove their comprehension of fast market changing conditions (crude, bonds, rates etc influencing markets behind the charts) and they have to demonstrate if they’re real, experienced traders by facing up to losing trade, getting out fast, and equally keeping an absolute trade by assessing their entry criteria and target level.