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Originally Posted by fred
If so, please post your indicators and set ups so we can all test and see who's got the best system and who is actually making money from using indicators and strategies from this site, or any other source.
What's the best pair to trade and at what time?
I have tested many systems here, I haven't found one that will make you money to get rich, if any money at all, all seem to fail within first month, please prove me wrong!
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I make money on forex, but note :
I dont make money only because I have a good system.... which covers the 30% of the whole work to earn money in this market...
What you have to understand is something else to make money, and this is :
- your money management (I know you heard many times...but thats necessary..)
- your attitude to ACCEPT you were wrong and let your stop loss to be hit without moving it...
- the CAPACITY to follow your system without thinking of exceptions for every trade ...
- dont be afraid of loosing money..
- dont take trading too serious...otherwise you get sick. trading is like any other business.. if you open an account of 5000$ and loose it...dont worry...think that any other kind of business would have costed you much more...
- dont look too many things, like incredible analysis, 1.000.000 of indicatators, reasons, etc etc..keep it 'quite' simple
- KEEP IN MIND THAT TO MAKE LOTS OF MONEY QUICK, YOU MUST ALSO RISK LOTS OF MONEY AND COULD LOOSE IT QUICK (90% POSSIBLE)..SO DO IT SPET BY STEP... TRADING EXISTS NOT TO GIVE MONEY TO YOU..ITS A GAME TO 'TAKE AWAY' MONEY FROM YOU...AND GUESS WHO IS ON THE OTHER SITE OF THE TABLE ?

- and other few things...
hope it helps, to let you understand that there is NO MAGIC SYSTEM...