Originally Posted by
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I have been involved in forex for two years and was fortunate enough to have experienced a lot of free time in my very first year to research. I read several novels butnigeriaforextradingwas my main source of information. I spent most of my year in system growth manner and did very little trading. Very good thing too. I dropped about 30% of my account just trading occassionally.
For the most part, I looked at virtually all of the systems onnigeriaforextradingand backtested the ones who could be backtested. After looking at many systems I began to observe prevent losses, trailing stops and take profits changed the profitability of a system. Slowly, I started forming my own system that:
1. Was based on probabilities
2. Could be tested for several years
3. Encompassed tens of thousands of evaluation trades
4. Worked in all sorts of markets
consequently, through perserverence and imagination, I have been able to trade profitably in 2007 using a system that has a 54% win percentage. It's not very exciting but I have a lot of confidence in it on the long term.
Within my first yearI spent a few hours a day, everyday, learning forex. It requires an incredible amount of time to get any perspective in any way. I would have never made it without forum.
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