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02-02-2012 02:20 PM #1
Newbie
- Join Date
- Feb 2012
- Posts
- 1
Can anyone help please(system needed)
Hello everybody
i have decided to go in and trade big £100 a pip and the way i want to trade is go in and quick 3 pips here 5 pips there(take quick pips and get out) can someone please help me find or recomemd the best system, tool or combination i can use to make this work.
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02-03-2012 04:20 PM #2
Newbie
- Join Date
- Jun 2011
- Posts
- 27
Find your own setup, this is part of putting in the work. What happens if you are wrong?
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02-03-2012 05:18 PM #3
You're planning to trade position sizes of 10-12 lots and don't know how to go about it?
That's not a very advisable course of action.
How about learning about the business first, trading micro lots?
That way, you'll get away with losing 100 or 200 bucks during your learning phase, instead of 10 or 20 grand ... or 100 to 200.
If you feel like squandering some cash, visit a casino ... more fun, free drinks, pretty waitresses.
O.
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02-03-2012 08:29 PM #4
you're starting out the wrong way.
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02-04-2012 02:39 AM #5
Start with a very small amount of money in a broker like Oanda and trade nano lots until you get good. Sounds like you are trying to get rich quick. It takes a lot of practice and patience. Do some backtesting also. Take the time to learn a system that is profitable.
There are no shortcuts.
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02-04-2012 07:34 AM #6
Newbie
- Join Date
- Jan 2012
- Posts
- 12
Wow this sounds like a recipe for disaster...
Study first then study some more and demo trade or trade very small amounts on a micro account.
The best system doesnt exist, the best system is the one YOU develop after you STUDY alot, and backtest it in demo or a micro account, if someone trys to sell you the "best system" or "best method" for trading just run away and dont look back.
Also it seems that you are trying to make a lot of money fast and anyone here will tell you that thats impossible, sure sometimes you may get a bump up on your account but that only happens when the moon is blue and all the planets are aligned (its very rare). Sorry for not answering your question but belive me its best if you figure some things out by yourself.
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