stradegy

Replies to This Discussion

Permalink Reply by princess Todd on May 26, 2008 at 11:40am

plz correct the spelling...... or that is also bullshit????

▶ Reply to This

Permalink Reply by greg on May 26, 2008 at 7:00pm

i know a lot of traders with a perfect english, still loosing money, but idea is; follow direction of the pair, not the trend, and you always will be with the money!,, sorry for bull shit :o)

▶ Reply to This

Permalink Reply by princess Todd on September 20, 2008 at 9:46am

:) Any ways my strategy is quite simple. Make smaller pips with maximum trades. I trade with maximum currencies but do not keep my position open for long. I cut them short and trade as much as i can in a day. My favorite indicators are MACD and MA. These help me to know my entry and exit points and i stick on these.

One of the biggest factor with is helping me to keep my profit consistent is my broker (http://www.finexo.com/). They provide me timely tips and updates which help me to know what is going on in the market and the upcoming events keep my trades updated with the changes in the currencies.

Regards
http://forextradingguru.blogspot.com/

▶ Reply to This

Permalink Reply by greg on September 20, 2008 at 7:10pm

Hi, give me you e-mail and I will send you very good indicator, for Free:)

▶ Reply to This

Permalink Reply by Anne on November 25, 2008 at 12:58pm

Forex strategy must be made with utmost caution and flexibility because there is no perfect or absolute forex strategy or method or success over time. Strategies have to be updated every now and then because the market conditions are very volatile.

▶ Reply to This

Permalink Reply by princess Todd on November 28, 2008 at 10:59am

Hi anne,

I think strategies should not be changed very frequently. Successful traders find a successful strategy and stick to it. They know that real success means discovering two or three techniques that work dependably, and then using them over and over and over again. Successful traders do not focus on the profit or loss of an individual trade. Instead, they feel successful when they identify and perfect a technique that works repeatedly.

In the end, a successful trader is not necessarily the one who made the most money on a few big trades. That person was simply lucky. Successful traders are the ones who stick to their system. Their trading methods and indicators focus on high probability trades, sound money management, keeping their strategies free of curve-fitting, and working their system into their business plans for successful implementation. They only feel successful when they have identified an overall strategy for success that they can use to generate money time and time again. Someone who is merely lucky has no idea how to repeat their success.

The point here is not to think of yourself as successful or as failing according to individual trades. Define yourself as a trader by your system, not your bottom line. A series of losses may actually be more profitable in the long term if they teach you how to improve your system, or help you identify a particular technique that works. This is what it means to keep a long-term perspective, and the most successful traders know that the long-term is the only thing that matters in day trading.

If you can integrate these insights into your own psychological mindset, you'll gain a significant edge in the market. I can't stress this enough: the right mindset is one of the keys to investment success, and most traders fail to understand this.

Regards

▶ Reply to This

Permalink Reply by Ron ODaniels on April 6, 2009 at 3:32am

The trend is definitely your trend. Until it ends.

▶ Reply to This

Permalink Reply by marqthompson on February 15, 2010 at 7:38am

This is a wonderful article. The things given are unanimous and needs to be appreciated by everyone.
--------------
marqthompson
http://www.easyfinancialbliss.com

▶ Reply to This

Permalink Reply by Maria Galindo on April 20, 2010 at 8:09pm

I think that when you trade in Forex you need to follow several indicators that confirm your trade so you don´t lose money. My favorite is RSI and Stochastics.

▶ Reply to This

Permalink Reply by princess Todd on May 5, 2010 at 4:12pm

I like to keep it Simple. More indicators means more confusion, instead i choose a combination of 2 indicators and trade accordingly.

▶ Reply to This

Permalink Reply by princess Todd on May 15, 2010 at 1:26pm

Strategy for Newbies:

When you first start out in any particular session, look at the 1 hr chart to get an overall perspective on trend from one session to the next, and what it’s likely shaping up to be at the beginning of the upcoming new session.


---------------------------
Forex Online
Forex News
Forex Blog
---------------------------

▶ Reply to This

Permalink Reply by greg on May 15, 2010 at 2:58pm

be careful to be short on euro for the short time term

▶ Reply to This

• ‹ Previous
• 1
• 2
• Next ›
• Page