Who know a good forex strategy??
I tried many methods and strategy but I always loss ..
Who know a good forex strategy that win 20 or 30 pips daily?
Thanks for your help ...
Last edited by medfx; 09-10-2010 at 07:46 PM.
what do you mean?
Originally Posted by eja
you can use aligator indicator for short term strategies, and use only 10% of your capital
First, eja means practice, practice, and practice on your Demo accounts until it becomes boring making money every day!
Use aligator indicator for short term strategies???....for 20 or 30 pips profits every day???
Hmmmm, not likely or else there would be no more brokers but all filthy rich traders.
eja, in a nutshell, there is no shortcuts to successful trading. You just have to read, learn, understand, and practice, practice, practice until you get the hang of forex trading...and even than, just when you thought you are a winner, just a couple bad trades will bring you down to earth with the ugly reality that forex trading shows no mercy for those hoping to make some fast bucks.
Forget about indicators and all those over rated EA/Auto Pilot etc as I have read more failures trading that way than success. Just watch the charts and trade what's in front of you and you will be alright. Learn to be satisfied with your target profits/loss, take your profits (and loss too), close your computer and call it a day. Consistency & Self Control are EVERYTHING!
"Making Profit IS EASY, keeping it IS NOT!"
If you want to see results please PM me
Medfx, forex trading is extremely challenging. If someone can earn 20 to 30 pips daily, he will be richer than Bill Gate and Warren Buffett. So far, I have not heard of any forex scalpers on the billionaire list. The 20 to 30 pips a day is a marketing ploy for scammers to get you to sign up for their forex trading courses or to purchase their books.
Originally Posted by medfx
Any strategy needs to be updated for current market situation, some strategy can be good for moths or years, other for weeks, try, trade, analize.
well i get really boring from demo account every time i start with 100$ and make them 500$
and then i go aginst my stratgey and i lose (just for reverse testing) when i open real account i will share with u not my stratgey but my statement and how knows maybe i will make it for sale
dont learn to trade; trade to learn
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Investor : Investor
Last edited by FXLIVE; 11-17-2010 at 01:38 AM.
I also got bored in demo mode, even more, I 100% sure that mach more traders have success on a dome account than on a real one. There are no taste of money and feeling you can lose something.
Originally Posted by CCC000
Best strategy ever: Buy low - sell High!
when you all people get fedup and want serios income contact me, and get all money free every month as PROFITS
URL removed. Other broker promotions not allowed.
Last edited by jackson_philips; 02-12-2011 at 08:46 PM.
Reason: wanted to put in my email ID
"Best strategy ever: Buy low - sell High! "
Yes, that's what most institutional investors do. They buy commodities on the low end, hold their positions for a few weeks, months, & years, and then unload their positions at the high end. Can make them millions each time.
My piece of advice is, do do try this with currencies pairs as I have personally experienced that what I thought is the "lowest price" (as shown on H4 chart) can go lower still....in fact way, way lower to initiate a margin call.
I am very cautious in "Buy" positions for currencies pair these days and would very much prefer "Sell" positions for Day Trading.
As I have posted quite a number of times, I used to Demo trade a lot...in fact for almost a year...But in my opinion (NOW) Demo Account is only good to get to know the Broker's trading platform and getting used to using all the available tools (I still don't know how to use 60% of the tools), but do go into a Micro or even Nano Account with the maximum that you can afford (i.e usd5 up) to lose without hurting.
You will get a better sense of trading reality and making (and losing too, of course) money (even though it's all in cents) that much more satisfying than making tens of thousands in Demo account.
But if you are as good a forex Trader as you think you are (who doesn't???), why not challenge yourself to building that small account into a large account over a period of time of (say) over 6 months?
Then you will have a much bigger account without having to come up with any big capital.
Do not try...NEVER EVER TRY to build up your account IN A HURRY cause this is a sure 101% way to wipe out your account with just a couple bad trades. Again, I know because I have done that too and wiped out at least 4 Live accounts which had over 300% profits in less than 3 trading weeks.
Sala'am and good luck (and common sense) to all!
"Making Profit IS EASY, keeping it IS NOT!"
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|We Buy||We Sell|