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Follow the investing.com is profitable?
May 26, 2016 at 07:31
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2 Replies
forex_trader_318221
Member Since Apr 07, 2016
37 posts
May 26, 2016 at 07:31
Hi! Someone is following the orientation of the indicators in the investing? Someone is making trading based in the suggestion of the investing.com? Would be that is profitable follow these suggestions?
Link: http://www.investing.com/currencies/eur-usd-technical?period=3600
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Link: http://www.investing.com/currencies/eur-usd-technical?period=3600
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May 26, 2016 at 12:22
Investing.com just offers an overview of the value of some indicators. Every indicator could be proffitable, if used in a decent methodology with propper SL/TP management. Just blindly following some random information of this only guarantees faillure over the long run. U need a strategy that fits your personality and propper risk and money management (> strategy used).
And following ANY suggestions is a recipe for failure. A trader doesn't take suggestions from other sources, he uses a rigid system time over time to ensure that he always uses the same edge when taking a position (unless market dynamics change and a specific % drawdown is reached).
And following ANY suggestions is a recipe for failure. A trader doesn't take suggestions from other sources, he uses a rigid system time over time to ensure that he always uses the same edge when taking a position (unless market dynamics change and a specific % drawdown is reached).
May 27, 2016 at 20:29
I agree with VincentD. Absolutely do not blindly follow any indicator. Get some education on the forex market and forex trading or the market will eat you alive. Trading isn't as much about getting the direction correct as it is about managing stop losses and profit targets. Read forexlive.com every day for a year. Go to fxrenew.com and look at their educational materials. These source have really helped me.
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