Advertisement
New Begining on Forex
Miembro desde Nov 06, 2011
posts 1
Jan 31, 2012 at 13:21
bisa
"What is important is we should learn from yesterday, live for today, hope for tomorrow and never stop finding ways to beat the system
forex_trader_34364
Miembro desde Apr 18, 2011
posts 239
Feb 04, 2012 at 22:05
if you are new try to buy a good expert and run it on your account. while you make profit , try manual trades on demo and start to read and learn. it take 3-4 years to become a good trader.
forex_trader_34364
Miembro desde Apr 18, 2011
posts 239
Feb 05, 2012 at 09:13
erick posted:
@Bijan : can you recomend to me about good expert 😁
Hi again. sure i am glad to help you
these experts are good , i have it and its really profitable
1. forex growth bot V1.6
2.wallstreet forex robot V3.9
3. Iris FX
4. FX voodoo
and few more
to success you have to add several EA to your account. its easy and you can enjoy your profit for life time
forex_trader_43716
Miembro desde Aug 06, 2011
posts 326
Feb 20, 2012 at 23:54
Mmm...would definitely learn to trade manually before moving to a robot!
forex_trader_34364
Miembro desde Apr 18, 2011
posts 239
Feb 21, 2012 at 08:44
myfxpt posted:
Mmm...would definitely learn to trade manually before moving to a robot!
sure , you can learn how to trade in forex manually. but manual trade need patient, stability and Consciousness in days and nights for every day and every hour.
forex_trader_43716
Miembro desde Aug 06, 2011
posts 326
Feb 21, 2012 at 09:20
Not really. You can build a manual system that alerts you when new trade opportunities appear, and you can add a little software that takes care of money management whilst you do other things. I am at the computer only when I need to place a trade.
Miembro desde Apr 01, 2011
posts 12
Mar 26, 2012 at 08:31
daily_martingle posted:
if you are new try to buy a good expert and run it on your account. while you make profit , try manual trades on demo and start to read and learn. it take 3-4 years to become a good trader.
totally agree!
Miembro desde Apr 01, 2011
posts 12
Mar 26, 2012 at 08:31
myfxpt posted:
Mmm...would definitely learn to trade manually before moving to a robot!
agree more! :)
Mar 28, 2012 at 03:06
Gary,
Can you expand a little more regarding the manual system you are using as well as what type of alerts? So far I have been looking at two systems, both of which are from Phillip Nell, the first is his 4H MACD system and the second is his 5M Intraday system. My idea is to look for trends on the 4H and then look for entry points on the 5M system. Any thoughts on that?
Otherwise if you could check out the thread I started here at http://www.myfxbook.com/community/new-traders/starting-from-scratch/280698,1 I'd appreciate any input you might have.
Regarding the robots that Bijan mentioned please keep in mind I am new to this. Do these robots actually place the trade on your behalf? That is not something I'd be interested or trust but I could always use a little extra confirmation on my own system.
Thanks in advance for your help guys. Happy Trading!
Can you expand a little more regarding the manual system you are using as well as what type of alerts? So far I have been looking at two systems, both of which are from Phillip Nell, the first is his 4H MACD system and the second is his 5M Intraday system. My idea is to look for trends on the 4H and then look for entry points on the 5M system. Any thoughts on that?
Otherwise if you could check out the thread I started here at http://www.myfxbook.com/community/new-traders/starting-from-scratch/280698,1 I'd appreciate any input you might have.
Regarding the robots that Bijan mentioned please keep in mind I am new to this. Do these robots actually place the trade on your behalf? That is not something I'd be interested or trust but I could always use a little extra confirmation on my own system.
Thanks in advance for your help guys. Happy Trading!
forex_trader_43716
Miembro desde Aug 06, 2011
posts 326
Mar 28, 2012 at 04:53
Hi there,
I focus on H4 timeframes because they are relatively "noise" free and generate fairly accurate signals regardless of the indicator being used, i.e. MA, pSAR, etc. I too used to look to shorter timeframes for the entry point, and I don't think there is anything wrong with that, except that with the indicator I use now I don't find that I need the shorter timeframe.
Currently I am using Tom DeMarks Trendlines. Essentially, this is a breakout system from trendlines, and includes 4 qualifying filters at entry, 3 risk management exit conditions, and best of all, price projections with a good degree of accuracy. This allows me to systematically draw my trendlines (using DeMarks method), watch for a breakout, qualify the breakout, enter the market with a stop-loss, trailing-stop, and take-profit target, and exit the market quickly if risk management conditions dictate. Very clean, precise, and simple to follow.
Google TD Trendlines and you'll find lots of info.
Cheers,
Gary
I focus on H4 timeframes because they are relatively "noise" free and generate fairly accurate signals regardless of the indicator being used, i.e. MA, pSAR, etc. I too used to look to shorter timeframes for the entry point, and I don't think there is anything wrong with that, except that with the indicator I use now I don't find that I need the shorter timeframe.
Currently I am using Tom DeMarks Trendlines. Essentially, this is a breakout system from trendlines, and includes 4 qualifying filters at entry, 3 risk management exit conditions, and best of all, price projections with a good degree of accuracy. This allows me to systematically draw my trendlines (using DeMarks method), watch for a breakout, qualify the breakout, enter the market with a stop-loss, trailing-stop, and take-profit target, and exit the market quickly if risk management conditions dictate. Very clean, precise, and simple to follow.
Google TD Trendlines and you'll find lots of info.
Cheers,
Gary
Miembro desde Jun 26, 2020
posts 323
Jul 01, 2022 at 09:15
most welcome in this community , have a very good journey
Miembro desde Aug 05, 2021
posts 394
Jul 02, 2022 at 13:31
Hello! You could start by utilizing free sites like this one, YouTube, and others to learn everything you need to know, then move on to a demo account and practice your strategy until consistently profitable.
Miembro desde Apr 09, 2019
posts 516
Jul 29, 2022 at 12:09
Love to know how the OP is getting on now 10 years after this post. Can do a lot of learning and studying in that time!
If you can't spot the liquidity then you are the liquidity.
Miembro desde Aug 17, 2022
posts 38
Sep 06, 2022 at 05:58
Keep your morale high, because whenever you start something new, initially lessons come with failure, so trade on demo, learn how to deal with losses and use that experience for gains when you go live.
Miembro desde Jul 19, 2022
posts 24
Oct 14, 2022 at 07:10
Hi there, welcome to the forum! Start by learning and understanding the market sentiment. Then, practice on a demo account to gain confidence and once you have it, make your move in the market. Use your own skills to get ahead and make profit. Do not rely on bots. Cheers!
