Help to develop a trading approach from A to Z

May 18, 2016 at 10:51
Vues 361
3 Replies
Membre depuis May 13, 2016   posts 3
May 18, 2016 at 10:51
Hello all

I am a new member here so I would like to start saying 'hello' to everybody.
I have been playing with Binary for a year and closed my investments with a 10% loss before I decided binary were too stressful and hectic to invest on and I am now reconverting myself to forex.

I will spare you the usual process we all went through in trying to learn and study as much as possible and I will go straigh to my point: I have an issue to develop a personal path from the scouting of an opportunity to the application of a strategy.

The issues I have are quite common to all of us and these are:

- we have little time so where can we easily spot or scan for good opportunities? Autochartist, Trading Central, IG Market Scan, Forums and Charts? I keep on boucing from one to another without finding my sweet spot. How do you proceed?

- With the time I learned to drop TF below 1h and I am starting to look at Daily,4h and 1h to then decide to enter the market. The thing is that with so many possible helps like Autochartist, Trading Central etc...I then get confused

- Demo vs Real: I have noticed that I was able to get some profits in demo but of course when moving to real accounts, even with small budgets, the emotions play a great part. This has led me to consider automated trading ( even with MyFxBook) but there are so many options out there I really get confused.

- Platforms: different brokers offer many different platforms some of which have great tools or forums which offer coded strategies, indicators and so on. Trading from work does not allow me to install anything so I find myself using a VPS or mobile platforms. I have tested so far: IG, FXCM, FXPro but I really cannot make up my mind and decide. Do you have any input considering the above?

Sorry for the long post. I hope it might help more people.
Thanks
B

Membre depuis Dec 11, 2015   posts 1487
May 19, 2016 at 09:46
Moving from a demo account to a live account is always difficult, regardless of how good and consistently you profited while trading on the demo account.
Membre depuis Aug 21, 2015   posts 88
Jun 01, 2016 at 06:47
Hello,

Regrettably, Forex is the most tricky business to handle - whether manually or with full automation.

Even with full automation, you MUST use the smartest robots.

Please check our profile page on how we can assist you.

Or contact us on Skype: forexengines

Thanks and best wishes!
Knowledge is power. First spend time to learn what you want to do.
Membre depuis Feb 22, 2011   posts 4862
Jun 02, 2016 at 12:12
It is very easy. You just need time and patience. No way you can get rich fast.
1. Create the plan
2. Trade the plan
3. If it works deposit money and trade on real
4. If it does not got to #1
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