Hi everyone, I’m new here.I have to admit I find the Forex market facinating.
It has the potential to become the perfect job. I practice Swing Trading on a
demo MT4 platform in the pacific time zone.If anyone has any advice for me,
I’m open for input. I love this site…
You have to know when to hold them…
know when to fold them…
know when to walk away…
and know when to run…
you never count your pips when sitting at the tradestation…
there will be pleny of time for counting when the trading is done…
Ha Ha… It’s only a joke.
Welcome to the forum.
Do you have any specific advice needed.
thanks for the wonderful comment! Practice, learn, practice, learn, and practice until you know your strategy backwards and forwards before you trade live… This doesn’t guarantee success, but the market can be different almost everyday, and knowing your strategy 100% can help you make quick and rational decisions to avoid unnecessary mistakes. Hope this helps…good luck!
Try a whole bunch of different indicators and timeframes in all sorts of different combinations (different systems) until you find one that is right for you. Experiment around until you find something that consistently makes profit. You will never completely remove all the risk/fear/doubt that all traders experience, but you can minimize it. Trade with a demo account until trading starts to become easy and boring… then you’re ready to go live.
I wouldn’t say that, I have NO risk, NO fear and NO doubt with my system, and it only took 3 years to come up with it.
Trading is like a relationship.
At first you think it is love and wonderful and perfect. Then the doubt sets in. There is yelling(have we not all yelled at our computers!!) tears, frustration and hate. Some last the distance and end up with a healthy successful relationship and other end up in abig expensive divorce.
Personally, I feel that would be a waste of time. Indicator choice is not the problem for majority of fear and greed driven traders; it’s total lack of knowledge of the pair they chose to trade. And frankly, the biggest problem is that they haven’t even chosen a set of pairs to trade and have zero expertise in any of them they trade willy nilly. Therein lies the main problem. They don’t know what, why, and when they are trading. They need to fist pick a pair they are interested in, gain expertise in it, and practice then get to live trading. They need to first pick a pair to trade and become an expert on it. They think as long as they understand some indicator, they can attach it on every single pair and trade all of it. That’s the problem.
Love…this is my song…a ser…an…ade to you !!
Forex trading is like wrestling crocodiles for a living! 
You have never had any trades go against you and wondered how much lower they could go? You never had a bad week and perhaps questioned yourself?
sure i did, a long time ago,
but not anymore, i never have a losing trade!!!
and never will
Love this quote nzpenny. How true
Yes and the world is flat! The reality is that in the financial field returns are always a function of risk which is why instruments can be weighted in those terms from bank deposits and government bonds upwards. An individual may not appreciate the risk side of the equation (in fact this is the case for many so called experts, just look at LTCM as an example). Many new traders become enamoured with their returns not recognising the huge risks they are taking until the bell tolls
I saw a pig fly the other day.
Went straight over my house.
With this pompous, self rightous attitude you display Abner, you have nothing to offer anybody, so why do you even bother posting on this forum?
You are so holy you should not be here.
Pride goes before the fall.
Well said, Tonymand.
By the way, welcome back to the forum - long time no hear!!
Hi abner,
Maybe you could tell everyone a little bit more before you try to kill tymen’s pig over his house :
- are you fundamental ?
- are you using indicators ?
- are you a yearly/monthly/daily trader ?
- are you a candlestick man ?
…
You say the “only” win/win …hmm…then it is backtested ?
FXCaribbean
"Don’t go where there is a path. Open a new one and leave a trail".
Even if it is a win/win system as far as analysis goes you always have to think of equipment failure… what happens if it’s only a win / win system within a certain time frame, but you place an order that gets executed, and then the power goes out, along with your cell phone service. Worth the risk? I guess if money comes easy to you it might be, but for me money has never come easy so it would not be worth the risk.
In my limited knowledge I cannot even begin to think of a system that is win / win with an indefinite time frame. But then again, I am very new to this, so I am sure I could be wrong.
Abner, if you’re still here in 6 months time, I will short EURUSD all year, I promise. I’m that confident.
LMAO! Funny. I can fly, shoot lasers from my eyes, and lift a truck with one arm.
I do believe in very high probability trading but 100% win, cough bull$%#@!
I win 100% of all my winning trades.
Results for abner:
Trades made… 1000
Trades lost… 0
Posts made… 80
Posts worth a $hi … 0