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I'm new and somewhat lost
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outsidethebox

Member Since Nov 01, 2011  6 posts outsidethebox Dec 15 2011 at 16:07
Hey tradingwolves, good luck man. If you need help, just send me a note.

Regards,
Roland


http://www.myfxbook.com/community/trading-systems/think-outside-box/197623,1

high probability trades & small, consistent daily profits!
tradingwolves

Member Since Nov 17, 2011  9 posts tradingwolves Dec 15 2011 at 16:40
thanks for the note outsidethebox. how long have you been trading and what are you trading/

outsidethebox

Member Since Nov 01, 2011  6 posts outsidethebox Dec 15 2011 at 22:08
Hey tradingwolves,
I have been studying the forex market for 5 years now. I have finally created my own profitable system several months ago. My partner and I have been working tirelessly to make it perfect. Now we think it is.

Check out the system's demo account: http://www.myfxbook.com/members/outsidethebox/think-outside-box/185696
Check out the reults on smalll real money account: http://instaforex.com/pamm_monitoring.php?trader=2014474

We are currently looking for traders who would like to make money trading my signals meaning that we will tell you which currency pairs to buy or to sell. If you're interested, just send me a note. Click on the link below for more information.

http://www.myfxbook.com/community/trading-systems/think-outside-box/197623,1

Later, buddy.


high probability trades & small, consistent daily profits!
tradingwolves

Member Since Nov 17, 2011  9 posts tradingwolves Dec 15 2011 at 22:38
i will take a look at your sites

tradingwolves

Member Since Nov 17, 2011  9 posts tradingwolves Dec 21 2011 at 16:46
hey outsidethebox

I looked at your websites and i like the 1st link that you posted...

7forex

Member Since Nov 03, 2011  56 posts 7forex Dec 22 2011 at 19:24 (edited Dec 22 2011 at 19:25 )
Well, Forex trading is very easy to get in but very difficult to be mastered. You need to invest a lot of time and money to have a little chance to be success and most people can't make consistent profit from Forex trading. However, if you can survive, means you don't lose too fast, you may have a little chance to make it another year which is what you need.

You need to ask yourself: Can I commit to it life time with a lot of frustrations, time and money? If not, don't even try.

Most Forex trading systems can produce profits if we are mentally health enough. My trading system is very easy. I only draw support/resistant lines on my charts and trade on them. I don't use any indicators because I believe indicators are for recording the history which has very little to do with the future.

I trade well when I am mentally health and can also lose very fast with the same trading system when I am trading mentally out of control. You can also find here there are so many 'profitable traders' delete their trading systems because of big drawdowns in short period of time after a long run 'successful' trading.

In short, Forex trading is a mental game. You must improve yourself every day in order to be a better trader. I hope you will be one in the future.

Happy learning!

I love taking risk with the right returns.
avantifx

Member Since Jun 21, 2011  14 posts avantifx Dec 23 2011 at 16:09
Congratulation for your accounts.


   7forex posted:
   Well, Forex trading is very easy to get in but very difficult to be mastered. You need to invest a lot of time and money to have a little chance to be success and most people can't make consistent profit from Forex trading. However, if you can survive, means you don't lose too fast, you may have a little chance to make it another year which is what you need.

You need to ask yourself: Can I commit to it life time with a lot of frustrations, time and money? If not, don't even try.

Most Forex trading systems can produce profits if we are mentally health enough. My trading system is very easy. I only draw support/resistant lines on my charts and trade on them. I don't use any indicators because I believe indicators are for recording the history which has very little to do with the future.

I trade well when I am mentally health and can also lose very fast with the same trading system when I am trading mentally out of control. You can also find here there are so many 'profitable traders' delete their trading systems because of big drawdowns in short period of time after a long run 'successful' trading.

In short, Forex trading is a mental game. You must improve yourself every day in order to be a better trader. I hope you will be one in the future.

Happy learning!

tradingwolves

Member Since Nov 17, 2011  9 posts tradingwolves Dec 27 2011 at 15:34
thanks 7forex, i starting to understand the mental game of it.

callenaw

Member Since Jan 05, 2012  25 posts Callen Aw (callenaw) Jan 11 2012 at 12:54

   benbakhsh posted:
   Hey there - good luck on your journy. I hope it works out for you. First thing id reccomend is reading the book Trading in the Zone by Mark Douglas.. Its fundamental and sill continues to help me when it comes to trading... Also as others said babypips.com is the best learning resource out there in my opinion...
Open a demo account too so while you go through babypips you can actually put a working picture to what is being taught, then get used to the charts. I did this for 3 years before investing money.
When it comes to trading as others said only invest what you can afford to loose and if you do loose look at it as a business expense and a learning fund. There is no trader out there who hasnt at some point lost some money along their journy , but its the bigger picture that counts. Also most importantly, something that a lot of new traders overlook, the first thing to address when trading is risk management... my advice would be to NEVER risk more than 1% on any trade... also a big mistake to avoid - try not to be inconsistent... that is if you take a few losses do not switch systems.. system chasing is a big killer. I was taught that rule of the thumb says that you need to execute at least 100 trades on any given system to see the overall picture of whether or not it works.... another thing I learned from experience is that while demo accounts are great for getting used to charts you will find things very different when trading a real account... so when going to real money maybe start on something like a $200 micro account and get used to the new dynamic.

Really hope this helps in some way and I really wish you all the best.


Great advice there Benjamin, I'll get that book once I complete the 101 daily coach lessons by Brett N Steenbarger. Good one too :)

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