Don t judge each day by the harvest you reap, but by the seeds you plant. Stevenson Robert Louis
Is good enough for a beginner to learn forex
Thanks for your post.
What you claim to have done is exactly what I am hoping to establish sometime within my lifetime, the sooner the better, currently at it since less than a year back. I really hope you are the real deal because that would mean my goal is possible to reach, programming a unique winning system that is.
The So Easy It’s Ridiculous Forex Trading System
You can see that when the moving averages cross in the opposite direction, it was a good time for us to exit.
Scalping might be (pretty much by definition) the trading strategy that brings in a profit in a short time - at least in theory! But does it actually work like that in practice is a very different matter. There are most certainly people who can trade scalping but it is not for everyone - and perhaps not for very many! It is extremely intensive and often requires trading against one’s own instincts and a series of losses can quickly demolish a lot of hard work and lead to severe frustration.
What you want to look for first is if the volume indicator is showing you any trend, reversal, or stagnant price action. If the volume indicator increase, so will the price action. This is because there is a plethora of interest in that currency pair.
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But here lies the paradox in forex trading, short term trading offers more trades and quicker results, but with less accurate signals and smaller profit targets per trade and therefore needs larger positions to make a decent profit. On the other hand, long term trades usually give more reliable signals but usually take longer to complete and require larger stop levels and therefore only allow smaller positions for the same equivalent risk.
Ask yourself these questions:
What’s your investment horizon? Minutes? Days? Weeks?
Do you want to watch a position by the minute, or want minimal supervision?
What’s your risk appetite? How much are you willing to lose per trade relative to your capital?
Do you perform well when the system needs discretion or when you act on the signals like a robot?
With the current structure of this trade, it made sense that since we saw our 8775 spike 8776 in the volume indicator and it broke this small retracement trend we pulled the trigger and entered a buy!
Currently I trade my live account (US$ millions) through a Bank platform where no provision for others to see performance and thus, I have engaged my systems into a MT9 platform allowing everyone to see performance of trading whereas I have determined to produce exceptional return with the highest profit factor and lowest relative drawdown and if possible at zero. That�s my only challenge all over the world.
I have realized that this thread should be closed by you now since nothing bring worth for my effort. I wish to contribute something dedicatedly but people here doesn�t understand totally what�s secret behind impeccable trading. Once someone wish to prove something special then it cannot be believed at all but harassment, criticism and discouragement keep going on and on instead of appreciation.