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.
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.
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.
Thank for the guie,Originally Posted by ;
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.
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!
Or you can only do 1 or two failures with actual cash. Has the exact same impactOriginally Posted by ;
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.