Quote:
Originally Posted by crazybunny
1.why we could not all or most of us agree to a strategy prooved success ?caus there is not any clear one there is no magic indicators can predict the price
what i mean is you may look to a candle anit is red and falling nicely in the 1 hour frame and then it can be green in the last 20 minute and u enter when it goes down and it closed in a higer price and u see big minus of pipes and u have to wai to the next one hoping it goes up
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The simplest thing a beginner can do is to
Follow the price. Whenever you fancy - click a buy (or sell) with 0.1% of capital. It it goes immediately in profit - good. If not add a opposite trade after x pips ( say 10). Keep doing it with the price, till you get net profit. You will never blow your account. use volatile pairs (e,g, eurjpy).
When you do this process 2 things happen -
1) you are
free of expectation that your initial direction is right! This is a liberating moment for you my friend. 99% of folks lose bcoz they believe price wil come back. Price does not care! Dive towards the ball, not away from it. And if you are wrong the first time, get up, dive again.
2) you net position will come in profit eventually, if done right with risk control measures.
Ofcourse more advanced strategies include determining enties, size, pip distance, tgt etc.
But this is a good first step. As you discover that there is no magic in indicators - price can go in any direction, any time!
GoodLuck,
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