7 Easy Tips That Will Help Out Your Forex Trading

You already have.

The fact of the matter is you have spammed a thread that has nothing to do with your concerns with your incessant and ill-informed whining and have been asked to stop. Enough is enough.

Next time you wish to [I]discuss[/I] a concern about the forex, start a thread for it instead of hijacking an existing one. Thank you.

TopGun, you are so true with the Casinos being a scam. I can honestly say this since I work for one! But, xblaster, maybe you should approach Forex like approaching going to a casino to gamble. There are games that have a higher house advantage than others. If you play the games that have a low house advantage (ie a craps pass line bet with full odds has a house advantage of less than 1%) in comparison to playing the $10M MegaBucks Slot Machine; which will only give you about $85 of your $100 of play on average, you are going to last longer playing craps. :smiley: Over the long haul, and if lady luck is with you, you will make money playing craps. Find the pair you feel is the crap game instead of just playing the Megabucks machine and hoping that you are going to “Hit the big one!”. But, if you find it fun to attempt to “Hit the big one” by all means, go ahead. Just realize that you will lose more than win.

I just gave my two cents to you. Feel free to spend it any way you see fit. :slight_smile:

I will now get off my soap box.

Casinos? How many casinos have gone out of business because the customers broke them? I haven’t heard of one yet. If you think financial markets aren’t tilted toward the house, think again. Simple, verifiable example: Check out your mutual fund’s expense charges and how much that will cost you over your lifetime. :eek:

There is some value to this thread even though it is a little stale. There are dozens of lurkers out there experiencing the same emotions and misunderstandings. Trading is a tough way to make an easy living (ty, Slim!). 4x may not be the best place to learn the basics of trading. It’s like any other line of work. Could you read a book about [pick a subject], attend a presentation by a [subject] Professor, and then expect to show up at the office the next day and understand the job, much less perform competently? Even if you earn a degree, it takes time to implement the acquired knowledge practically in the “real world.” Good luck xblaster…

As far as the 7 tips. I’m not sure there are enough tips to make trading easy.

“(ie a craps pass line bet with full odds has a house advantage of less than 1%)”
“Over the long haul, and if lady luck is with you, you will make money playing craps”

[B]Do I even have to point out the problem with these two sentences that appeared in the same paragraph?[/B]

I noticed the same thing. When the market has been quite, as soon as I entered my order (either in or out) the price immediately went to the opposite direction for several pips. Then the price tended to fluctuate around the price I just entered. This happened everytime to be just coincidence. I wonder if Forex system is programmed to work against the traders?

If you think that forex is scam and is manipulated because it goes in opposite direction of your trades then you need to stop using real money, switch to demo and see that the same happens with virtual money.

Repeat until you see that the price is going on your trade direction frequently at least 2 months and then return with real money.

There is something called “crowd’s psicology”. You are describing yourself as a part of the crowd. Get out of the crowd and you will see what happens.

I have one more: Learn to deal with contradictions.

one of my friends is trading the news and he’s making a good profit from it,i think it much depends on your experience in this market

Unless you are trading multi millions the value of your trades are not nearly significant enough for the market to take notice let alone react against you.

I’ll be honest, I was very suspicious when reading your 7 rules that you yourself are new to forex trading and have a hidden agenda for posting. Leading straight into “coaching” metaphors is underlining my concern.

I’m very inexperienced, but it seems to me that if you want big profits in short time with only a small start-up capital (like 1-2 grand), you have to be willing to take losses every now and then.

Think of it like business expense. A shop has to pay rent, has to pay employees, might have people shoplift, has to pay insurance etc etc. Businesses fail, and so can traders. Businesses have to spend money and endure losses. It is much the same for a trader. We WILL lose money, but that becomes trivial when you factor in such losses to your strategy, control them to minimise their impact, and BE CONSISTENT with your system.

If you just want a gradual compound interest over long time, it is possibly to greatly minimise losses by determining the very safest trades with EA calculations and good sense.

That is a little of what I’ve gathered in my brief foray into the world of trading.

worst f’ing tips i’ve ever heard

Dude I have been reading you posts and you my friend need to drop forex and take up knitting. You cant handle the pressure and stress that comes with risk. That can not be taught on here. Good luck with knitting and becarefull you can poke yourself.

It is true that Forex is a a business which not everyone can manage or become successful at. It requires a lot of Efforts so if i must say that i am successful then i have done efforts :slight_smile:

Guys, you need to be looking at the dates on these posts, this thread died like 5 years ago.

Damn it man

d-pip how come you catch me doing this crap everytime. I think it is someone trying to play with my head and its working oh well back to knitting

Obviously it didn’t die, its just been sleeping, unless you believe in resurrection!

I prefer to think your right as that was the best advise I have ever given on these forums and he will never be around to read it. Well hope he had a wanderful career making blankets

Can we continue with the subject? Ahh, forgot what i was abut to say (today i have cannadian accent, normally is british but tomorrow i’ll try australian).

Anyway, my tip here is don’t waste time practicing, you trade or not, you make money or not. The key is to learn how to deal with loses, that is what takes so long to trade propperly.