The right way
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Thread: The right way

  1. #1
    I have been reading all the articles, it appears to me there is so many ideas and thoughts. The more I read, the more perplexed I will become,
    Im hopping that someone kind enough will show to me the ideal way to do forex.

  2. #2
    Quote Originally Posted by ;
    among the allure of trading Forex is that there is no ideal way.

    I believe Jack Schwager said it best...

    and im paraphrasing...

    you will find a million methods to trade profitably, and all of them are extremely difficult to find.
    AAAAMEN TO THAT

  3. #3
    What exactly was it Thomas Edison said about all of his failures while trying to invent the light bulb: I didn't fail 10,000 times. I figured 10,000 ways out not to make a light bulb.

    The human brain is an wonderful thing, when I started down the Currency Market street I felt overwhelmed, finally things started to make sense and I found something that worked for me.

    Stick with it, even when you get bombarded, have a rest and come back to it. You'll realize that things seem clearer, in part as your sub-conscious is still beating the Currency Market monster into submission even if you are not consciously thinking about it.

  4. #4
    Quote Originally Posted by ;
    What was it Thomas Edison mentioned about all of his failures while trying to invent the light bulb: I did not fail 10,000 times. I figured out 10,000 ways to not create a light bulb.
    Thank for the guie,
    surely I dont want to create same 10,000 egies to not create a light bulb.
    This is why I believe that your experience is the most valueable knowledge to direct others to not do the same mistake again.

  5. #5
    10,000 failures: (That is what demo accounts are for!) Aw come on, that doesn't wish to blow out his (demo) account a couple million times.

    What you'll discover in trading is that each system is custom matched to the person, what works good for one won't necessarily work for another. I think that the private forum is a good place to find great info. I think they open next week, and I will be joining up once I've paid off my Point software bill.

    But FWIW, the method I developed within the last year has made me 50% profit since August in 5:1 leverage. I trade EURUSD every day (at 5pm EST) trading on the daily changes. I get in at the market price in both directions with large ceases (over 1,000 pips) and tight targets (generally 15 pips). Over 80% of all transactions are closed out successfully in a couple of hours. 15 percent in a day or two. 5 percent are BIG losers. Not a system I'd recommend to anybody else! But it is good for me.

    LET ME REPEAT AGAIN: I am not suggesting anyone try this, all I am saying is that it is good for me!

  6. #6
    Quote Originally Posted by ;
    10,000 failures: (That is what demo accounts are for!)
    Or you can only do 1 or two failures with actual cash. Has the exact same impact

  7. #7
    Quote Originally Posted by ;
    or you can just do 1 or 2 failures with real money. Has the same effect
    yeah,. .
    It was actually terrible encounter. .

  8. #8
    Among the beauties of trading Forex is that there is no right way.

    I think Jack Schwager said it best...

    and im paraphrasing...

    you will find a million approaches to trade profitably, and all of them are very difficult to discover.

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