Little Pip in a Big Pond. Help!!

[bmaulio1324]

Ok I am new to forex, very new. I am only on a pratice account seeking to create some pips before I start a live account. The problem is that I cant seem to make a profit on anything. I would like to learn a manual trading system that is consistant before I go to a live account is that there

[joan178]

Pay attention to the trading strategies forum. You might find something you like there.

[bmaulio1324]

Thanks Andersenws Ihappen to be, and'll do that. I apperie your aid.

[ainhoaespknla]

You mention being'on a clinic account'. It's important to have a clinic account. This is where you familiarize yourself with all the currency market and a pair that you can work with. It's here that you learn how to use indiors, both technical and fundmental, to implement trading techniques. You also use this opportunity to learn how to make unemotional trades dependent on the market movement and not on fear of shedding.
I've found success on the GBP/USD.
What platform are you using and what indiors do you use? I've found that the Candlesticks to be very powerful.

[bmaulio1324]

Thanks Shewill. I have been tring my hand whatsoever the other indiors as well and have been useing candelsticks. I utilize the Interbank FX 4 trader platform. I enjoy the platform it is self I can set up the charts so that they are easy to read it just seems like all the trading systems I have been trying do not appear to stand out, each time I believe that I am beginning to know my account equilibrium quickly diminishes. Until I find something that works 13, I plan to stay with it. I also plan to stay in a account before that happens. I would like to get in and start earning money but before I could do that on a practice account it sounds too much of a bet. Thanks for the article.

[XSkunk]

Thanks Shewill. I have been useing candelsticks and have been tring my hands whatsoever the additional indiors as well. I use the Interbank FX 4 trader platform. I like the platform it's self I can install the charts so they are easy to read it only seems like each the trading systems that I have been trying don't appear to stand out, each time I think that I'm starting to understand my account equilibrium quickly diminishes. I intend to stay with it till I find something that works though. I also plan to stay in a pratice account until that occurs as well. I really would love to get in and begin making money but until I could do this on a clinic account it sounds too much of a gamble. Thank you for the post. Do not consider FX as a fast method to create some excess bling or you will jump in weeks before you're ready and lose a lot rather than making anything.

[poxxoloco23]

Ok So I'm new to forex, very new. I am still just on a pratice account seeking to make some pips until I open a account. The issue is I cant seem to consistantly make a profit on whatever. I'd like to learn a straightforward trading system that is consistant before I go to a live account is there I take that you respect warren buffet

[bmaulio1324]

I make good money now but I would like to stand out from underneath Corprate America. That is sufficient to make me want to leap in early but I didnt. I need before I do something with my 10, confermation. I look at Forex as an opportuntiy. My first goal was to be trading a live account by January but part of my rule is that I want to have the ability to show a profit for at least two successive months. That is not likely to happen by then now, but I would rather endure a beat of my pleasure that of my own wallet.

And yes I really do admire Warren how can you not admire the most profitable trader in history if you're in the company of trading.

[ainhoaespknla]

Don't consider forex as a fast method to create a little extra bling or you will jump in weeks before you are ready and lose a lot rather than earning anything. Trading in the forex market is an excellent way to become financially free. Easy it's not but it simplified and can be understood. I utilize VT trader platform and that I like the fact which you can customise your indiors. I utilize the MACD histogram, Japanese candlesticks, RSI, Bollinger bands, Alligator and more. The platform delivers a demo account that does not expire. The different patterns of the candlesticks is the indior and is directed by the support lines. Great profits can be obtained from the market but work can be done. The good news is that with the ideal egy you may become financially free.

[mjofgwz]

Hi paritrader, I want to recommend you that you practice to a demo account for 6 weeks. I know that's a lot, but this will give your system some opportunity to experience each kind of markets. I've seen systems that functioned in a row, but them they simply fail miserably as soon as the market conditions change.

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Also and advise I give you is to start focusing on the different market behaviours. Each currency pair has. Like for example, GBP/USD is very volatile, EUR/JPY and USD/JPY respect trendlines and support and resistance, etc.. This will help you develop trading strategies based on these characteristics.

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[gan27]

The key to becoming successful in the FX:
1. Locate a currency you like (i.e. movement, time period, etc.) and examine its movements and time frames.
2. Find out the news that proceed that currency. You have to get this news ancient.
3. Learn how to trade. (the easy part)
4. ) Practice what you've discovered. (the hard part)

If you follow this technique you may triumph.

[bmaulio1324]

Wow lots of good things. Thanks for all of the answers you guys are extremely helpfull. And to think I've been sitting mute for the last month on this website and losing my (.) I should have talked up earlier. I am trying OrangeRoshan's SRDC method it has worked for a single day in a row. I left 10 pips. Not much I know but I believe I need to lower my expectations for a while and just focus on some of the things all of you are currently talking about. This appears to be a good system to do that with it's very basic and uncomplied. I hope some of that Jedi drive everyone on this website speaks about comes my way also.
I really do have a question for aswilled, you metion needing to find the news early would you have any suggestions on how best to do that. I tried to exchange a few fundies this month and got Therefore, if you know a secret please fill me in.
And FXOne that I apperie your concern and input. Sounds like good advice, I wasn't planning on going all in after two months of profit just a miniature, do you believe that I must wait?
Thanks for the help guys keep it comin.

[bmaulio1324]

Sorry Shegirl I missed your post. I like that VT doesn't expire, appears to be a platform I'll look it over. Even though I have not managed to maintain money within an account long enough for it to perish.
Thanks

[bmaulio1324]

Sorry shewill for the name typo. Dang scohlling!

[Juani93]

The trick to becoming successful in the FX:
1. Find a currency you enjoy (i.e. movement, time period, etc.) and examine its movements along with time frames.
2. Learn the news that move that currency. You have to find this news ancient.
3. Learn how to trade. (the easy part)
4. ) Practice what you've learned. (the tricky part)

Should you follow this technique you will succeed. Be not worried about the past or the future. Be in the moment. The moment is all that there is. You flow with all the pips or else they flow .

[jjcm161]

Four words: http://www.amazon.com/Trading-Zone-Confidence-Discipline-Attitude/dp/0735201447.

[bmaulio1324]

Ah yes wise words to trade buy.

[anapalyfig]

Good book!

[bmaulio1324]

I am having troubles back testing trading strategies can anyone tell me how it's done?

[gan27]

Wow lots of good stuff. Thank you for all the replies you guys are really helpfull. And to think I've been sitting for the past month on this site and losing my (.) I should have talked up earlier. I'm trying OrangeRoshan's SRDC method it's worked for one day in a row today:o-RRB-. I left 10 pips. Not much I know but I think I want to lower my expectations for a while and just focus on a number of the things all of you are talking about. This appears to be a good system to do this with it is very fundamental and uncomplied. I expect a number of the Jedi drive everyone on this site talks about comes my way too.
I really do have a question for, you metion needing to get the news early would you have any suggestions about how best to do that. I had been trying to exchange a few fundies this month and just got whooopped!! Therefore, in the event that you know a secret please fill me .
And FXOne that I apperie your concern and input. Sounds like good advice, I wasn't thinking about going all in after two weeks of profit only a miniature, do you think I need to just wait longer all together?
Thank you for the help guys keep it comin. Get your news out of http://www.bea.gov as well as bloomberg television and cnbc. You tading method is only providing you 10 pips? That may be good or bad. Great if its telling you when a fashion is beginnin/reversing, poor if its not. You must forecast with a high likelihood that the tendency will go your own way. This is exactly what makes the ace trader. Exiting isn't as critical as entering the ideal trade the ideal way. As you could always shut out in profits. And this really is the trick to making millions. I do not actually have an exit egy. I only know when to get in and out. Its easy once you understand what to look for. I've worked in corporate america for ages. And I loathed it. The money was good but the subservience is deplorable. I wasn't born to be an employee.

[bmaulio1324]

Get your news out of http://www.bea.gov/ as well as bloomberg tv and cnbc. You tading method is only giving you 10 pips? That may be good or bad. Good if its telling you that if a fashion is beginnin/reversing, bad if its not. You have to predict with a high probability that the tendency will go your own way. That is exactly what makes the trader. Exiting isn't as important as entering the right trade the right way. Because you could always shut out in profits. And this really is the key to earning millions. I do not actually have an exit egy. I only know when to get in and out. Its easy as soon as you know what to search for. I've worked in corporate america for ages. And I loathed it. The money was great but the subservience is deplorable. I was not born to be an employee. Thank you Aswilled I've been useing these forums. How do you know which direction something will drive the market if you use this? All of them seem to offer you the news as it comes out but how do you get in before the spike and also make all the $$?

[ainhoaespknla]

Thanks Aswilled I've been useing those forums. Do you know which path something will drive the market if you use this? They all seem to give you the news as it comes out but how can you get in ahead of the spike and make the $$? This is aswilled using my wifes login. Now, negative news give results. and vice versa. To get the news before it comes out is Forex trading. Punishable by 10 - 20 yrs in prison. What unseated Martha for just a bit. This is the way you get ready for the news. See the Morning Call at 8 am on cnbc. They'll inform you if news reports are anticipated. And what market expectation are. Put yourself infront the tv, getting ready to buy/sell, based on expectations being met. The news doesn't always proceed the market. Nevertheless, when it can, it will do it quickly. Get ready, get ready, get ready!

[bmaulio1324]

This is aswilled using my wifes login. Now, negative news provide results. and vice versa. To find the news before it comes out is Forex trading. Punishable by 10 - 20 yrs in prison. What unseated Martha for a bit. This is how you get prepared for the news. Watch the Morning Call at 8 am on cnbc. They will tell you when news reports are expected. And what market expectation are. Put yourself infront the tv, getting prepared to buy/sell, based on expectations being fulfilled or not. The news does not always proceed the market. Nevertheless, when it do, it will do it. So get ready, prepare, get ready! So do you usualy enter the trade ahead of the release or await the very first candle?

[gan27]

So do you usualy go into the trade ahead of the release or wait for the first candle? Never exchange before or through the launch. Wait till after the launch. Watch the candle signal (at least 2 sessions) and at which the price is within the bollinger bands.

[bmaulio1324]

Never trade before or Through the release. Wait till after the launch. See the candle signal (at least 2 sessions) and where the price is within the bollinger bands. Okay thanks. I will attempt to be patient, perhaps I should try chanting.