No bullshit. Straight and Simple Method. You will never lose a single trade in forex. Yes, 100% guaranteed method. Method so straightforward, wonder how come seven billion individuals missed that for so long. All I want in return is that you just do one good thing each and every day. Can PM the process this Sunday Dec 16, 2012 simply to people who ask due to publishing here.
The Method:
It was very sad to notice how several new traders drop for tall claims. But this isn't their fault. Many decide to trade forex with one limited objective and that's to make a lot of cash.
No doubt you'll discover people who have made fortunes in these markets, however, their number is still limited but there are countless who have lost everything (some even their lives) in a bid to make this sort of cash.
A lot of you signed in just out of curiosity, many for pleasure and perhaps some took it seriously.
I don't understand how many noticed that this thread has been started in Rookie Discussions segment rather than as any Trading Strategy or Trading Discussion thread.
In the event that you truly want to succeed in your own life, it's through hard work, being nice, helpful, humble, educated and wise.
Perhaps I've lived more life than many of you and that I believe that gives me a right to talk about just a little what I've learned from my experience. When I look back in my own life, feel I would have been more powerful had I tried to excel within and focused on targets and objectives. I am not saying I didn't narrow down my focus on few particular abilities or a discipline of knowledge, but only later in my life.......... . But it paid off.
â€Success is progressive realization of a worthy ideaâ€. Set for yourself and work towards it, day in and day out. It'll take some time but you'll get near. If trading is everything you want to go for, find out everything related to markets and trading, get formal eduion in economics and finance. Make it your livelihood and someday you will be great professional trader or banker or investment advisor or investment banker or finance manager. It'll be useful. This is the only commerce which will never fail. Like I said it will take some time, you'll need to await theâ€right set-upâ€. Efforts and time you spend return and yield you may get.
The very first mistake that most new traders make is that they fall to get leverage. When they hear that they can take a position 50 times greater than their trading funds, they start calculating profit which is 50 times over. Some go to the extent of 1:500 leverage.
A few years back I met with a trader-couple who deals successfully. The husband and wife explained that they take just 1 transaction in a year or two sometimes 1 trade in two or three decades. They hold this transaction until it reveals great profit. This really isn't the science. The science is knowing what functions and how.
They explained that they don't follow trend, but go against the trend. They explained that they have of the functioning, heaps of itto demonstrate that trend followers cannot be as powerful as they both were. They sold when market was high and bought when market was very low.
I did my own research on their method and came to conclusion that they were just 50% right. At this point, I really understood the meaning of an old expression thatâ€If you buy and maintain a losing position it could drain your wallet. But in the event that you short sell and maintain, it might empty your vaultâ€. I connected this with my gambling rule #2â€There's limit to just how much you can lose, but no limit to how much you really want to gain, therefore you are finally bound to loseâ€.
Placing these three together, I came to conclusion that there's simply 1 way one can profit without losing a single trade, which is: Buy to sell, and never short sell to buy later when it drops -- ? Tell me, can gold go to zero? Can it double in value? Should you buy it at $1700, it will never go to zero and the drawdown will be less than $1700, but there's not any limit. But it may go to $ 5,000 or higher today in the event that you sell it but your profit will never be greater than $1700.
Same holds for currencies. Stable currencies may go to zero in rare conditions,....very very rare......... but there's not any limit to how much they could rise. If you are playing with right leverage (or no leverage) and just buying, you may lose only in the event that you sell until it reveals profit or if you don't have enough cash to cover your carrying cost. Carrying cost (interest/swap) isn't trading reduction, it is an expense. Similarly if in rare conditions, a currency fails, the reduction isn't a trading reduction but a capital reduction. Thus, technically, you don't have any trading reduction.
Therefore, the bottom line is: control your own leverage, buy just when it's extremely low and maintain. You should have sufficient holding power and your leverage should be such that you could survive if it reaches lowest. It should work for commodities since commodities cannot go to zero. The taste therefore needs to be 1) Commodities, 2) Major Reserve Currencies or Market Indices( and 3) Stocks. Personal stocks may go to zero.