Jack Francisco

To me, R/R is heavily depended on the TF. the higher the TF the higher the R/R. i choose the 4h TF because it gives me higher R/R compared to 1h TF. i dont take trade whose R/R is below 1:3. to be frank, i know i am not going to be right all the time, so i only take trades that will take little from me when i am wrong and give me PLENTY when i am right. moreover.. just my way :crap:

Good advice Yertle. Robot trading is not advisable one for good traders because if we use robot for trading,we don't get any knowledge and experience in our currency pairs.robot is just software programs it doesn't know how our investment is important to us.:crap:

Keeping a trading journal is really important .. Every expert trader always keep a record about their trade ... like in a day how many trade they opened what was their result and why , how much was their winning and loosing ratio arc and they analyze those results in every week month ans year ... if we also keep our trading journal then we can clearly see our improvements ans also our mistakes ... this is really essential for a trader ... are you keeping a trading journal ?:crap:

I always use EMA-9, EMA-22 & EMA-32 for deciding whether to buy or sell. When EMA-9 crosses over EMA-22 & EMA-32, I buy and vice versa. Other factors I consider is a formation of a candle above EMA-32 before I buy. The time frame I use is 15 min. It has helped me to make profits consistently. Normally I look for 10% profit per day. With a 1:100 leverage, it is just 10 pips usually. It helps me to quadruple my small account every month.

Here maximum people are Forex traders and everyone i think are trading in the market. Till now are you satisfied with your Forex earning ?- please do share with us your experience Me too is a part time trader and till now I have not achieved the position that I looking for.:haha:.

I am trading since last year and i want to share with you these useful tips : * Before entering the forex world you have to ask yourself : does forex feets me ? * Before starting the trading practice with a demo account * try to learn and understand strategies and try them * be careful of the money management * be strict with your trading system * keep out your emotions * do not rush to reach 1 million $ * at the end of each month reinvest the half and withdraw the second half . Any others ideas - please share to help others:cool:

Thanks guys- I do appreciate all your replies about this point. For sure I will definitely look for this book to improve the effectiveness of my trading. Others share your views- is there any other alternative tools which is very useful for trading? >>>>>>>>>>>>>>>>>>>>>>>>>>>:helloooo:

Just go on the website Forex mentor. This is the best website which contain certain good videos related to Forex. Just click on the link: Learn Forex Trading with Online & DVD Courses & Training Services for the Active Currency Traders :crap:

I don't use traditional stop losses, though i had to reply, since i came on to ask a question regarding a trading problem i was having, and may have found the answer, then found this thread At the very least, the value of maintaining a stoploss is to keep you -in- trades that you may want to be in for a longer term, but in the shorter term are going against you. As in, your system gets you in, and just as you do, the price consolidates. Without a developed stop loss method.. it would be too easy to exit these trades incorrectly, at least in my experience I have been reading a few articles recently about how stop losses can be bad though... in the end, i think subjectively, leaving a trade alone like that, to actually rely on mechanical stop losses, is a bad idea in general. These are financial markets after all. Natural disasters happen, unexpected economic data comes out etc..

That guys tries to be a signal seller. He will take all your money. The best strategy is we must follow the trend if the trend is up we must buy from low. We must wait until we got the right time to enter a trade. If we open a trade against the trend, make sure it's just retracement and always put tight stop loss so we won't blow our account. :helloooo:

Great- good advice.To start, I think the best thing are first to understand some charts,selection of currency pair and entry and exits point. Don't try too many strategies, they all lead to the money, trade one and make it perfect. :haha:

Trading against each other in a contest- feel like a real challenge. This may enable us a win a huge money.I check the website FXCM- 1st place $40000, etc,,,,,,,,,, It's great.:rofl:

hello, This sounds greats. Normally how long is the contest ? and when is it going to start. I am very interested to join in- can anyone tell me what is the initial cash required to join the contest.? share your views more that :helloooo:

Have anyone think about if ever Forex was a challenge the how it would be. I am sure it would be really nice as we could trade against each other ? Do you know if there is any broker who provide contest??? I think that this would be quite interesting to trade.:helloooo:

:helloooo: hello Guys I will share a simple strategy that I get from a friend and I hope more profit for you . *strategy depends on 2 indicators : 1- KG Support and Resistance indicator 2- iMACD indicator with two lines * we will use our strategy on 4 hours frame only . *signal of buy: 1 - the green line intersects with the red line and the intersection under zero in iMACD indicator . 2 - after intersection happened look at KG Support and Resistance indicator , the price must be near the red support line which is a daily support and we will wait untill we see blue support line or 4 hours support then enter the market and sometimes we will see red and blue lines at the same price. 3- we have to co-operation together here to know target and stop * of course signal of sell is the opposite of buy

Forex is a technical and practiclar trading. As long as you trade, it improves the skill. As the skill improve you are able to make good planning, strategies, and you get more experience. But it is necessary that you should have the adequate knowledge and information about the forex trading before you start trading. Without the basic knowledge you may not become successful trader. So if you want to become expert in forex then it is suggested that you should do work permanently and responsibly.

Setting unrealistic targets while trading is really dangerous as they will be more focused only the targets set by them. Most of the traders do keep high target points and not ready to come out in good profit points which is really bad. While clearing trades on the same day more importance should be given to average profits that come their way instead of waiting for more and more profits which might result in a disaster later as the trade progress. Little profits each day also will add up to a handsome profit at the end of the month which traders tend to forget :haha:

Very good advice- If you don't have appropriate skills or knowledge in this business- why don't you used at least a portion of money to invest on education first. Try to learn something first about this business , then you invest 5k like a professional. For sure- you can get at least a few profits. So keep it on Don't lose hope

So you believe in EA and you always get profit from this? Many traders do not believe in EA and always trade manually. Share your experience more about your automatic trading . IF it is nice , I would go for it:cool:

If you are losing money in Forex, what will do next? Do you think that people who lose need to rest for some to adjust my emotion, or go back trading to win back the money which have just lost there. I wish to know your opinions here. :rofl:

Some silly mistakes that you tried to avoid in trading , otherwise Forex will wipe you 1.Over trading is another top reason for trading failure. We need to understand the root of the problem. The root of the problem usually stems from one of the following: Setting unrealistic goals (trying to grow your account too fast) By having set targets which you are trying to meet. Trading for a living with an undercapitalized account. Trying to claw back losses. 2.It is important for traders to know what not to do. Being too proud to close out for a loss Trading because of the buzz it gives Over-leveraging and putting too much risk on the table Closing out a winning position too early Trading with a small account Feeling you always have to be in a trade / over trading Trading is such a complex business. It's a learning process which will continue for the rest of your trading life; every true trader never stops learning.

To be successful in trading, it is important to have a good plan and strategy method. I would say that many forex traders lose money because Naivety Lack of common sense They're out of their depth They don't know what they are doing They're crushed psychologically They don't have a method They aren't treating trading like a proper, genuine business.:helloooo:

Knowledge is Power - When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments. Never invest money into a real Forex account until you practice on a Forex Demo account for at least 3months and see whether you are able to get constant profit! When finish practice in demo account, you can continue your practice on real account with micro amount maybe $200-$300 Always stay with Trends as its our friend To all beginners, when trading for the first time, it is always advisable to invest by the trends. Trading with a trend can facilitate you by advancing your chances with profit. Many new investors are enthusiastic to start trading as soon as they can, eventually ending up trading in any direction. Trade pairs, not currencies - Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one. This small tips can help you my friend:helloooo:

Which strategy do you follow? You are impatient to make money within a few hours or you prefer slow profit with a few days ? Show us the money! Don't fool others if you don't have the evidence : helloooo:

:helloooo: Guys- Did you observe the moment that when you enter buy, the market reverses the direction and is going to the side of seller? What would happen to your account if on your first trade during that day you give the highest possible lot size that you can trade? Sure thing you will wipe your account. To have a 100% profitable trade, enter small lot size, and when the market move against you, wait for another 100 pips and enter again small lot size.