I have been trying to make a profit on Forex for a couple of years now, however I am struggling to make consistant profits. I regularly read forex news and I have traded most of the major currencies when I feel there has been an opportunity to make money but at the moment I am currently trading EUR/USD and USD/CAD.
I used stochastic and fibonacci which certainly help but I am still making mistakes when I come to buy and sell and I would appreciate anyone who can spend some time to help and assist me improve my stratagies.
Hello there! Don’t worry, mistakes are part of the learning process. Just make sure you remember what you’ve learned and that you try not to make the same errors. If you need a bit of guidance, the FX-men trading blogs also have a similar strategy (stochastic and Fibonacci) as yours. Go on and check their trade ideas: Forex Blog Updates: FX Currency Trading News, Tips & Education Blogs