I wrote this thread to address this :17: :17: :17:
Yes, its very frustrating to be a newbie, especially when all seems to be going so bad. Sometimes you need a helping hand, a sense of direction, A SIGN!! This keeps you going in this long but worthy journey of learning to be a master taker of pips.
The idea is very simple. Everyday, i invite pipdiddy, Dr. PipslowBig Pippin, Forex Gump and all the experienced traders here, to come give us one “sure” trade for just 10 pips. The motive is to help Newbies get a sense of purpose. 10 pips per day will motivate newbies not to give up yet. but to learn more and more.
Our experienced traders we are counting on you to make this thread a successful one. Please don’t shy, yea experienced traders away of making a newbie’s time worthwhile. Thanks
I don’t see how anyone can post a trade setup for 10 pips, by the time you would post the trade, the trade would likely be over. These threads just don’t work for very short term trading. You are welcome to follow me on my thread and trade off daily charts with pip targets of 100 to 1000 pips. I am currently working a AUDUSD trade that I first entered on July 21st
This is a very idealistic idea that would never work! Firstly I 100% agree with the above comments. practically any 10 pip move would be initiated and over before it could even be posted here. Only longer term recommendations can suit this kind of idea, as Dennis offers above. But this kind of service is, has been, and will continue to be widely available from many, many sources.
Secondly, even if one could post trades quick enough here, I do not believe Newbies would learn from it at all, they would just feed off it. Such is the lazy and superficial approach of many people “trying their luck at forex trading”. Trading is much more than having a system that pops out 10-pip trades. You need to learn a whole lot about markets, strategic management of funds and risk, margin and leverage effects, psychological factors, and much more. If there was a daily “10-pip” trade then Newbies would just mimick and learn nowt.
Thirdly, there has regularly been posted here reliable day-trading methods that suit Newbies and have small profit targets and tight, low-risk stops. By using these on Demo and then live, you can develop your own experience, understanding and confidence and develop your own methods and preferences from these basic stages.
Fourthly, to be of any use then the poster would have to post and explain their entire methodology and most traders do not wish to do that and it would be incredibly time-consuming and an unacceptable burden upon a short-term trader. The only alternative would be a quick “sell/buy now” type recommendation, which is no different to an inside “tip” on a horse race bet and would teach you absolutely nothing - except, maybe, not to act on tips from complete strangers!
Far better that you post here your own experiences and “what went wrong” and allow others to comment on what you could try differently or how to fix the problems. Advice from experienced traders is worth far more in the long run than 10 pips in your pocket today.
[QUOTE=“Obsy;781044”]I wrote this thread to address this :17: :17: :17: Yes, its very frustrating to be a newbie, especially when all seems to be going so bad. Sometimes you need a helping hand, a sense of direction, A SIGN!! This keeps you going in this long but worthy journey of learning to be a master taker of pips. The idea is very simple. Everyday, i invite pipdiddy, Dr. PipslowBig Pippin, Forex Gump and all the experienced traders here, to come give us one “sure” trade for just 10 pips. The motive is to help Newbies get a sense of purpose. 10 pips per day will motivate newbies not to give up yet. but to learn more and more. Our experienced traders we are counting on you to make this thread a successful one. Please don’t shy, yea experienced traders away of making a newbie’s time worthwhile. Thanks[/QUOTE]
There is some system intraday that make 0.5 percent a day i call it safe , and what i do is 2 percent a day i call it high risk but you be good stick to 1 percent , i did this for everyday ,for 5 month , calendar events are danger so will be good to not trade or start your day Earlier in those days to not face those events at overlay sessions ,
After all you can compound every month , but really it is stressful , unless you make your first 20% of account then you dare to just continue doing it , like a robo with no fear, i simply pip and run , im risking 20% of account to achieve 1 or 2 % !!! , crazy and bad!
im taking good volatility , intraday full of the bad one .and sudden spike
. Day trading is bad its tough , what is better is holding 5 to one month , for short term trading addition doing the longer term for investing purpose match perfectly trying to diversify after all …
You really no need any book or advice i read em all like everyone in here did, forget the day trading on forex , it not worth the risk and stress , its require hard work , and is only much rewarding on bigger account that hardworking not in tiny accounts , if you still want to do this dont try read all the books most of them same content but it will MAybe help you to find that high accurate system which is not the real point .
Any more clear
Dennis3450, PipMeHappy, Manxx, Markaria400 Thanks so much guys, ideally im pleased that you guys took time to contribute to this thread, you all had it spot on correct, though my aim was not to encourage newbies not learning the trade, i guess i may accomplish that if this is not looked at well.
You are right, First of all ten pip moves will go down fast and most people may miss it, worth the shot tho, but not quite ideal. Secondly, newbies may just feed off here instead of understanding the very rudiments. I think the best thing that can happen to a newbie is understanding what the forex is all about (which involves reading a lot of material, junk probability high), The prime aim being the ability to develop a personal strategy (strategies ) That actually work.
All said and done i will like to thank you for your time and effort i really appreciate. im going to change the direction of my threads now and i hope to see you all contribute to my #HELP-THE-NEWBIE-UNDERSTAND series, where i will be posting challenging concepts and ideals that the newbie struggles over so you guys can help us all perfect the concepts. hope to see you guys there, first of will probably be the Gartly and the Gartly animals that im having headeache over.
PS: Thanks a lot Dennis3450, i followed your thread like you asked me to and found it interesting how you pitch strong against weak. using that method, i was able to pick a cool 30 pips intra-day, guess its far better than ten pips i wouldn’t understand , God bless.
The problem is that a lot of people get into forex trade thinking that it’s all casino-style gambling and an endless run of profit. When they get a reality check and see that it ain’t so, they automatically become a little de-motivated. But all will be well in course of time, don’t worry. The wheel of luck and trends keeps on spinning.
I’m almost reluctant to risk detracting from the entirety of Manxx’s excellent post above by selectively quoting just one sentence from it, but this strikes me as the key point that illustrates why the well-intentioned suggestion of the OP is impracticable.
It reminds me of the famous “difference between giving a man a fish and teaching him how to fish”: it’s much more helpful to people to learn how to do it for themselves than it is to see how others did it after (or even during) the event.
We should motivate them positively. There are many false and lies regarding forex trading on the internet. Many advertisers show false information to sell their crap, that has to be stopped.
Obsy. There are many threads on here already showing newbies how to trade, trading systems, even trade entries. There is even one of the best forex schools anywhere, and its free.
The problem with an awful lot of newbies is that they dont want to read these, they just open accounts, lose money, then complain about it.
That will never change, no matter how much free help is offered
Pointless, That is so true, but what we do? we jst need to have faith , some of us newbies really want to learn and we want to learn the hard way. You see, the priest has to do his job no matter how bad the odds of saving anyone is… Lets keepthe teaching and learning going on, i know BP has made legends and will continue making legends in trading
Yes, it is these false and lies regarding forex that newbies need. other than that people jump in with false impressions about the whole thing. Do share some of these misconceptions and deceipt from advertisers with us. we really do need it
HELLO FELLOW NEWBIES. Obsy Here… Baby Pips showed me all i know about forex so here is me giving back (Honorary FX man in the making )
Just want you guys not to miss this, i discovered a gold mine (age-of-empirish) on the daily AUS/USD chart so we gotta assign some citizens (newbies) here to go mine.
From the above we can see an evening star developing from above and a check on stochastic down below, we all set to go all the way down. you can mine 50 to 100 pips (or even more in the long run ) from here so dig in. Dnt forget your stop losses. Thank me later. Adios
New trader should be guided by experienced trader , Not make them feared , teach how they can do effective trading. If they are committed they can go ahead with their hard work. My trading experience is to motivate others because I started on self basis now I am making earning from forex.
Don’t trade each day for 10 pips. Target an average of 10pips/day for a month. In this way you can trade less, aim for high frequency trades and even one good big win of 220-230 pips can reach your monthly target.
I face loss many times even than too I never say bad about forex. Loss and profit are part of trading . I always encourage people ,support forex in terms of part time earning way because I had my own good personal experience with this business.
Good advice, it is a great mistake by many traders that they want to trade each setup forming on a 15min time frame. Instead if you trade on higher time frames you can even achieve this target of 220-240 pips from a single trade.
, God bless.