Welcome to AceGazette.com !
Whether this is your first visit or you’ve been a member of the community for a while, you will be pleased to know that we have decided to take a new turn and take our whole project of supply and demand trading together with price levels, PA and chart structure a step further, following a more professional approach.
Unlearn to learn
The majority of new traders start their trading career with wrong information by default. As a result, a big majority of them end their trading career prematurely. Only tiny minority survives who managed to shake themselves of toxic trading information freely provided by mainstream media, individuals, groups and institutions.
You will not become a successful trader by following popular forums, reading all those so called cutting edge free analysis and forecasts. Instead, you have to be willing to undertake hard work of learning how to trade correctly by yourself. You have to learn to depend on yourself only and nobody else when trading. Trading is a lonely business. You are alone in the market. It's scary but if and when you overcome all these obstacles, markets can be very rewarding indeed.
When joining AceGazette, all new members should open a thread under "Sailors Practice Journals" category of AG Trading Forums with AG user name. Members first post needs to cover their trading history to date so that I can have some idea about how much you have been exposed to toxic trading information in order to clear it all. The cleansing process then begins by replacing harmful trading habits and knowledge with useful ones. All needed learning material is in the members section.
Advance with trader ranks
Learning what's on the written document is the easiest part. However, putting what you learned into practice is the hardest part. Perhaps this process is best illustrated by those who learn another language from books. They can read and write perfectly once they thoroughly learned the language but when it comes to speaking, they just cannot.
Learning is one thing. Doing is another. Saying is one thing. Doing is another.
Main purpose of AG training is to get you trading correctly. Putting into practice what you learned so that you can be master of your craft within your capabilities.
Once you learned better ways of trading, you'll need to post your trades at your own trading journal thread in Ace Gazette Forums to show your progress.
Remember, this is a hands-on training. Putting what you have been learning into practice and gaining AG trader’s rank as your trading progresses by posting your trades with details. You'll find how AG Trader Ranks work in AG forums. I will be watching your trading journal and guiding as and when needed.
During your practice, you will be invited to join a small conference group. We'll be dealing with your trading questions and issues in voice.
What do you need in order to be invited in conference call (live training) group?
Nothing much other than a serious commitment to trading. Conference calls made using Skype. You'll need Skype installed on your computer, microphone and speakers (headsets are best with microphone) for voice.
How do you show commitment?
By posting your trades with details in your AG practice journal thread in the AG Forums.
Conference calls are held every fortnight for about two hours or more. Your journal and conference calls will continue until you are ready for live trading or you decide to give up on AG membership.
Trading is more of an art than science. It's a craft. If you want to perform your craft successfully, first thing is to learn it correctly then practice and practice and more practice... This is where live training comes in beside your own efforts. I do not promise that I'll make all members successful traders. What I promise is to teach you the trading craft correctly to the best of my abilities. Performing the craft successfully will depend on your commitment, focus, personality, personal and financial circumstances.
The flowchart illustration below clearly highlights the process of AceGazette trader training. Becoming a profitable trader with consistency takes a lot of time and effort. Depending on your free time that you can commit to learn trading and personal circumstances, it can take years. If you think you can become a successful trader by reading some articles and looking some charts in no time then you'd be wasting your time IMHO.
True, there are many out there involved in trading in some ways or looking at charts and doing a lot of clicking perhaps 5 to 10 years but they still couldn't become profitable traders. Main reason for their failure is that, they just didn't or couldn't put into learning concentrated and focused effort for needed length of time.
You'll notice, the above flowchart process made of about 10% theory and 90% practice. At AG practice is the key to becoming a profitable trader. Without practice, it'd be almost impossible to learn a craft and apply to live production without proper practice - training.