Many traders have been trying for a long time to beat the forex. It is not easy. If someone comes and look at forex and how prices move, he would say it is easy. But it is not. It is very difficult, it is even difficult to make 1 pip! In forex you cannot have a guaranteed 1 pip. If someone does have a system to make a 1 pip "guaranteed", I will make him a millionaire.. oh no a TRILIONAIRE. Why? Because you can repeat the process again and again, and leverga it more and more! But this 1 pips guarantee is impossible.

The main barrier to achieving this is the EDGE. Forex has an EDGE over us, the traders. Take for example the casino. Take the roulette. The edge in the roulette is the green zero, when playing on colors. And when playing on numbers, the edge is the payout. In Roulette there are 37 numbers. But if you guess the number you will win 36 to 1. Taking for granted that the outcome of the game are random numbers, then if you play for longterm you can never win. The same happens when betting on black or red. You get paid 2-1, but if the outcome is green, you lose!

The same thing happens in forex. Do not tell me that forex is not random. If you look at forex closely you see that market moves in patterns or trends, but if you look at it from a wider view, the market is just a random market. NO ONE knows the outcome, even Bernanke. Because how traders act towards news, only God knows.

Now, the Edge in forex market is the spread. Because everytime you enter a position pay for the spread. Before making any winning, you will have to counter this spread. If we suppose that we do a million random trade, we would not end up breakeven, but losing. This is why people say that all systems in longterm LOSE.

This is a fact. But, one should be clever enough to come up with ways to eliminate this edge.

The following are some suggestions and ways to eliminate this edge, which forex has over you.

1. USE a dealer which gives you the least spread available in market
2. USE a dealer with no comission
3. Use good exit strategies in winning trades (take profits)
4. Use wider stop trading. This is an important issue. Because according to above, you will tend to end up losing the longer or the more you trade. It is better to trade less and win more. For example, if you acheive your target for this month, you should stop trading until you see the conditions are favorable again. The less you trade the more chance you have to end up in profit.
5. Every pips counts. Try to save pips. See my previous tips on my site.
6. Enter only low riskto reward ratio trades

Regards
Yanni
http://www.myfxreport.com


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There is no candle.

Hi. I am currently using m g forex. However, it has high spreads. think oanda is a good one because of lower spreads.

CME is one of the best with 1 pip spread, but these are futures.

Regards
Yanni
http://www.myfxreport.com

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Hi jgerousis,
I agree , but partly about what you say here :
the truth is that nobody (at least retail traders, cant
predict 100% the next move, in the short , and especially in the long term.
But is also true that the good about forex is that short-term patterns are almost always repeated, and if you are good to catch those, after the 'big move' which you cant predict, you have good chance to catch the 'big move' following move, which is where the 'little' and 'medium' players start to act and 'mimic' or 'continue' what the 'big' players decided

Unfortunatly yanni i dont agree with you

I WILL garantee you 200 pips FREE in a week or so , go and check my thread.

Forex is no casino , you just have to work harder to understand the rules.

I dont reply much but i liked your thread

Good Day

Hi aleccoh,
if you can 'GARANTEE' 800 pips a month use this power you have for yourself.
Its enought you start with 1000$ account and by the end of the year you will have a 1.000.000 $ at least
Not true ?

dear i think it is not difficult to beat forex , the big forex' secret is the big capital

Set BE stops..

Nice post....I think all things in this universe has a pattern even a random one
including price movement (fx) ...this pattern should be repeated again and again as a trader this's our task to find it and add it to our pattern database in our mind or a huge computer system and do pattern recognizing when we see a price chart ..Why we always loosing in trading ? because those pattern not yet exist in our database ...that's the problem ..

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