Recommended format for trade related blog and status posts

In order to protect the traders who are picking up trade ideas in this forum and so that the high quality of material posted at forexstreet.net is maintained, I would like to suggest that some rules be set in place for contributors to follow while posting trade analysis and ideas.

1. Such posts will receive authorization from the moderator before being posted.

2. An appropriate disclaimer be included in each such post. The text of the disclaimer should be standard ( the moderator can include it while approving the post).

3. The post cannot have just a chart picture, nor can it have just a text. Both are mandatory.

4. A complete analysis explaining the reasons for taking a trade, complete with targets and stops must be included.

5. The word 'recommendation' is not permitted in the post.

Regards

4 members like this

Comment by talisman on January 21, 2013 at 1:25am: i hate rules, no offense, people can figure it out for themselves.

Comment by Oasis on January 21, 2013 at 4:59am: None taken, Talisman.

Regards

Comment by Peter jcp on January 21, 2013 at 9:07am: Interesting view Oasis and glad you bought it to the forum. I can see both sides of this point - ie none of us like too many rules etc - as there are enough already to adhere too - but - I agree with you - we don't want the site ending up full of "guessers".

I think most of the regulars and traders with at least 6 months or a year behind them know to be very cautious on any trade recommendations and as Francesc has mentioned many times - not to follow blindly - and also to accept your own responsibility - ie if the trade goes wrong you cannot blame the forecaster - as they have not forced you to take it.

I also think most traders know that NO forecaster will be 100% - and that any forecaster who comes up with say 10 trades in a month - is doing very good if they get over 7 correct.

I suppose the only worry I have to all the new traders joining every day and week - seeing some of the blogs with traders saying how good they are - before the trade as even happened - that the feel they must follow etc - and get mislead.

It has happened many time before - and then that can devalue the regular contributors forecasts - with newer traders losing faith with what they might read.

When you do read a proper forecast with a chart and a full explanation - it is very helpful and then you can make you own mind up whether to agree or not.

However - when you get a lot of one liners with just buy or sell and charts with no explanations - you do tend to think have these traders tossed their "lucky coin" - used a "fridge magnet" - or heard a rumour from down the Pub - lol

Looking forward to all other traders views

Have a great week

Regards

Peter

Comment by Francesc Riverola on January 21, 2013 at 11:21am: Thanks Oasis for bringing this up... My view is to have just a few rules, but very clear.

I've been thinking a lot about the increase of blog posts and bloggers we are having and how to avoid that newcomers to get mislead by easy pips.

Initially I was thinking in doing what you are proposing - to authorize blog posts, to not allow no one placing signals without explaining where the call comes from, etc..., but then I realized that it would not be needed as you guys with your interaction are really moderating the community.

If you pay attention, you will see that those meeting with your criteria are the bloggers/blog posts that get higher traffic, higher number of likes, higher number of comments and they are highlighted by admins in twitter, facebook and linkedin and the network itself, while the others get hardly a few pages views and pass unnoticed.

I feel we should not touch this at the moment. I think that having a community that really decides what to read is really a community that belongs to its members, and I just love that.

What do you think?

Comment by Uschi on January 21, 2013 at 12:21pm: hi oasis, @francesc

i totally agree with your proposals, only, as also the other comments emphasize, it should not be a rule, but a guideline. That means, francesc should look over the posts (as he is doing now) and when a blog is out of the guideline he can advert, without blocking. Maybe a place/link on the page(on the upper line, where you have: home - my page - blog ...-etc, would be a good idea, there you could also warn spammers.

Comment by Romano on January 21, 2013 at 12:30pm: This is bad idea Oasis and agree with talisman, sorry.

Comment by Marius Ghisea on January 21, 2013 at 12:41pm: I think here is not kindergaten and i dont think here is a trader who knows the future..each trader have own trading strategy and risk..No need for too many rules here.This is my opinion

Comment by Sundaram on January 21, 2013 at 12:42pm: Setting rules is exclusive. That means a portion of the mass will be excluded due to non-compliance and they are denied the chance to prove their skills. By setting rules and wanting to be exclusive may benefit the selfish group. If the post is deemed inferior in quality then the reader has a CHOICE to ignore it if he/she think they are better in their analysis..

Comment by Kobe on January 21, 2013 at 12:54pm: I'm not in favour for rules either, though posts and analyses with charts and reasons why this or that are much more interisting for others to learn. But its up to the one who posts it to do that, and we all know forex can be a high risk investment, It could be on the homepage again, but i think everybody knows that.

greetz!

Comment by Lisa on January 21, 2013 at 1:11pm: Probably the best thing to-do is set-up one’s own blog posts ...

the way they want to see it done & others will model-it if they like the set-up ❀