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Replies to This Discussion
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Permalink Reply by princess Todd on -
plz correct the spelling...... or that is also bullshit????
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Permalink Reply by greg on -
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)
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Permalink Reply by princess Todd on
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:) 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/
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Permalink Reply by greg on
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Hi, give me you e-mail and I will send you very good indicator, for Free:)
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Permalink Reply by Anne on -
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.
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Permalink Reply by princess Todd on
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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
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Permalink Reply by anne marcos on -
You're absolutely right on this one. In my case I prefer a forex trading strategy where you are not in front of a computer all day waiting for trades to happen. It can be like watching paint dry. I also find that it is harder to keep your emotions in check when you do this. The most important thing when currency trading is to take the emotion out of it. Otherwise you won’t make any money trading.
As a beginner or to all newbies out there to currency trading I would advise company like makemoneycurrencytrading dot co dot uk as they teach you their strategies for free.
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Permalink Reply by greg on
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find a company with the hedging, put the robot-anti martingale and enjoy raking $$$$$$, you wont' care about trend, direction or other bull shit, just have a wonderful day
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Permalink Reply by anne marcos on
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Thanks for the suggestions, I think I will try it. How about you? Are you contented with what you're earning now?
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Permalink Reply by Ron ODaniels on -
The trend is definitely your trend. Until it ends.
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Permalink Reply by Maria Galindo on -
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.
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