Vytas Zilenas
  • Male
  • Lithuania

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Profile Information

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About Me:
I am a forex trader. My forex experience started 6 years ago when I invested my 500 dollars in the forex market. After losing all of the initial sum I reconsidered my trading and developed a succesful trend trading system. That's when I became profitable. I came back to forex market with a friend of my investing his 4000 dollars. We tripled that amount in a matter of one year trading swings and trends. After that I started trading on my own and developed two more strategies: range trading strategy and news trading strategy. Those enabled me to have profit on a daily basis.
Years trading Forex
over 5
Broker I trade with
What I like about my broker
ability to trade in units
Favorite currency pair to trade?
Most I ever made on one position
More than 100 pips

Vytas Zilenas's Blog

A few tips for Forex beginners

Posted on June 11, 2012 at 3:30pm 0 Comments

When I started trading Forex I made too many mistakes. I wish somebody could help me to avoid them, but maybe learning from your own mistakes is the most effective way to progress. Anyway, it is good to read and practice what more experienced traders say about their trading experiences. Today I want to give a few tips that might help those who are starting in currency trading.

Firstly, most beginners when they enter the market they are thinking how much money they are going to make…


Is it possible to be a pro by trading forex signals

Posted on April 27, 2012 at 10:34am 0 Comments

Most newbie traders that come to forex market obviously experience losses and majority of them start searching for forex signals providers that would make decisions on their behalf. It is not bad at all if you find a reliable signals provider or if you want to make money when somebody else makes trading decisions for you. However, I seriously doubt if you are able to become a better trader by following those signals.

On the contrary, I think that will weaken your ability to think and…


When can trend trading be used best

Posted on September 21, 2011 at 6:16pm 0 Comments

Most traders admire trend trading. They desperately wait for it to start. Why? Because when a trend starts most traders start making money. It is a very good season for all those who are interested in financial markets. Investors and speculators of the old days would save up their cash and wait for big trends in stocks markets. A very famous speculator Jesse Livermore once said that market conditions are the most important factor for any trader. Some market conditions are simply not good…


Price action or technical indicators

Posted on May 18, 2011 at 4:41pm 0 Comments

I know that it is a personal preference of any forex trader to watch price action or use technical indicators in his trading. I personally believe that technical indicators only show past events in the market, which can be clearly seen in price action. I do not want to argue that indicators are bad. No way, they are not. I do use rsi both in trends and ranges and 200 simple…


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At 10:10pm on March 23, 2014, Jonathan Wiggins gave Vytas Zilenas a gift
At 8:39pm on March 06, 2014, John Hayek gave Vytas Zilenas a gift

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