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Old 08-11-2008, 03:54 PM
mrasyidi mrasyidi is offline
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Join Date: Jul 2008
Posts: 43
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From my opinion, there is no trading system can make us in profit all the time.
5% is a trading system
95% is yourself.

Tips to new trader (me also consider as new trader becuase still Junior member in this threat)

what ever strategy you use,
1. Please make sure you know what you are doing.
2. Always have this question, Why, when, which and How
WHY I win, WHY I lost
WHEN to entry, WHEN to exit
WHICH TF, EA can direct me to the top
HOW to trade (time management, money management, my mood)
3. Forex is not just looking on the screen, you must have a paperwork.
write down every single move you made for your future reference and analysis.
Create your own Work instruction (WI). Please follow your WI with no excuse if you want to displine yourself.
4. You must know atleast the basic knowledge for all the original indicator. Not the customize indicator (EA) from expert on this threat.

Example
DigiStoch
using demo account
Add digistoch EA and add original stochastic.
Both set the same setting.
analysis and learn how both indicator working.


New trader especially think Forex is a "get quick rich" system are lazy to learn, undestand in deep all the indicator, support and resistance, pivot level and etc how they work. End up they are loosing money.

This is happen to me.
first though "Forex is very easy, just follow all the indicator "ROBOT". end up I loosing my money. because I did not know why, what, when and How to trade.

after learn from mistake, right now I develop my own strategy base on all strategy in these threat Dolly, Isakas, Nina. Only take indicator that I feel comfortable to me.
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