You mean that trader can never be sure in his trade? The only real way to work is to guess?Originally Posted by ;
Then you surprised me, really... :surprised
Is it a work or a game? What do you believe? My view is (or, maybe, if I say, was??? ) That forex isn't the game. This is the Work. Nevertheless I've nothing from it, but I am certain, that I will succed in working there!
Please, I need everyone to talk about their opinions on this question here.
Sincerely yours,
.
You are correct. Forex is work, just like the game is work to the pro athlete. We work with doubt each trade. You win this match by winning over you lose, not by winning each time.
Clockwork's point is that you can not predict anything with absolute certainty. You will not ever know precisely when a fad will finish until after it will. However, you can learn.
Winning in Forex or any sort of trading means to become always profitable, instead of correct each time.
If your account is favorable in the end of the month, you won for that month though you might have experienced some losing trades.
If your account is favorable in the end of the year, then you won for that year, despite the fact that you might have experienced a few losing months.
Winning over you shed is considered winning.
Do not get discouraged, this takes some time.
Bill
Trev, thank you for you assistance! You posts are fantastic! Usefull information and nothing more. I hope, I may ask you, if I'll have some more questions in the future.
I heard a lot of times concerning this website, but I did not manage to find there exactly what I want. I think, I want some sort of a egy, a complied one, you understand. I understood that elements are nothing with no system - only my opinion and nothing more.
Please, someone, correct me if I am mistaken.
Perhaps experienced traders would love to mention something concerning this website?
Still, I appreciate all the help!
Best Regards to everyone,
And Good thanks to Trev!
MinorChant, Systems are for idle traders or for people who believe can optimized their trading area, it's ideal to go though all of the difficult work until you can really understand how great a systems is.
Minor -
You do not need complexity. It is going to merely make this harder than it has to be, trust me about this...I have tried several systems.
Price Action (ala James16) has made a massive difference for me.
And Bill was correct....my point was not that it was guess work here....it's just working in probabilities.
As an instance, you could be extended the EURO, and a particular German bank announces it is going to lose billions in the sub-prime mess. This happened.
Until them, most people thought Europe was immune to this scam. It revealed that it was not. There is no system on earth that may prepare one for sudden news.
For this matter, no system can pinpoint where things will flip....it can only supply you with likely transactions.
And Bill is right when he says it takes time...I'm still working on it myself. I really don't think learning ever stops.
This is the reason why I love that....not so much the money....yet.
Clockwork
No, you got me wrong. I didn't mean automatic program. I am looking for manual trading system. For now I utilize MA, Support and Resistance, Elliot a bit. It's the system for me. Can you inform me, what method do you prefer? What components do you use in you trading? Every trader must use some kind of manual program, I think. Please correct me, if I am mistaken.
I love your help.
Best regards!
I've read entire the ribbon and I have passed through the very same problems
allow me to tell my story. When I've learned about Currency Market, I've opened a demo account with NorthFinance...
about the demonion I've made a few profits and I've decided to open a real account with them.
I've deposited 100 dollars.I was happy,
thinking I will earn money. I opended the initial order and when it went in 1 I closed the order.
(I had been more happy, because I've taken the very first pip from Currency Market)
I started the second order which caused the loose of
the deposit. I've deposited another hundreds which I have loosed. I've read a massive quantity of literature
but still can't create a permanent profit.
Unfortunately, I did not figure out how to find the solution on Minor's question. I will appreciate!
Comp,
You will need to get an instruction in forex until you devote real $$$ to it.
1. Trade for 6 months on demonion.
2. Trade one or 2 pairs max.
3. Learn how to exchange 2-4 percent of your account on every trade. This means that you'll need a complete bankroll of much greater than $100 to have a real account. $2000-3000 will make more sense. Most demo accounts presume that you start with 5 to 10 thousand dollars.
4. Trade on demonion until you are consistently profitable. Not profitable on every trade, but your winners more than compensate for your own winners.
5. Don't trade charts less than 4 hour interval.
6. Don't be concerned about which system to use. Find one that you know, and fix it. Better yet, try out 10 different systems on forexsoutheast.asia, learn them, and also see how they work for you.
7. Have . This will have to be a very long undertaking in the event that you truly hope to make money in the long term.
Pidgeon, thank you. I'm glad that you have answered my questions fast.
However, I would like to specify some minutes
5) why I shouldn't trade charts less than 4 hours timeframe?
Actually, to know the price movement it's necessary to monitor it on H1, M15 or even M5
6) can you recommend me some particular system? At start of my schooling I was confused with the massive quantity of progr which seemed to be unprofitable
7) It is really dificult
Thanks for assistance!
With best regards!
I believe you're bombarded with too much information already (greater than you can chew)
I wonder ... if you could won in the first place, what you should do is to refine it, not to replace it?
Any path/system you choose, it has boundary, no need to employ all / master them all.
Select (need not to be too wise about that)
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