U've solved my problem — It was as if the author of this thread diagnosed me and healed me of my greatest hinderances in making profit in Forex trading. Despite the fact that I have been reading a lot on money management, using longer ...

If I knew then what I know now

I also want to know how to set set the stop loss, trailing stop and take profit. Ken

EA question?

Right — I appreciate this comment and find it useful to me and other novice traders. I think the problem comes from the trader not the market. This, as you've said is due to gambling-psychology of most inexperienced traders rather than ...

Forex, not what it used to be.

True — I agree with u Coda. But, can I know how you trade without using indicators? Because I see that even if am able to catch the trend, some indicators like stochastics and MACD signal me of reversal. Someone has also said that you can ...

How do do you create your trading strategy?

Ue longer time frames — After asking many experienced traders about the best time frame to use, I was told longer time frames are most reliable. When I continued using shorter time frames, I overtraded, made huge losses, and was always in ...

what's Fibonacci method trading?

Thanks to Bokobus — Thanks very much for taking your time to educate us. We inexperienced traders have learnt a lot from your techniques particularly fibo. Ken

Fibonacci Trading with Bobokus

Use both — I suggest using both. I've had a bad experience when trading on only technical USD CHF unaware that a big event was pending. The news went against my direction and made me lose trades. while technical is a result of past ...

technical analysis -or- fundamental analysis

Ok — I think experience is the best teacher. Though after reading a lot from many posts and articles that the most common denominator for traders is proper money management, when I failed to obey this, I lost some of my money and that really ...

How do do you create your trading strategy?

Demo best — Nice idea! If you refuse to trade demo and start gambling with your money, you are likely to lose everything in the end. This has been my experience. Rather than waiting to be I hurried intolive account and lost my money.

Change a losing system into a Winning system

. I agree with you. As a newbie, this is how I lost all my money, because any slight movement of the price against my position would prompt me to closs the market, hence making my loss accumulted. This is why too small capital is not advisable to ...

Change a losing system into a Winning system

timeframe — Yeah, I agree with you. But I was also introduced to james16group.com which advised to trade on only daily timeframes. When I tried using 1h timeframe, I realised that I would have lost many pips if trading on only dail timeframe

How do do you create your trading strategy?

why? — Hello, Liujiangshi, Thanks. But may I know why we must just buy USD JPY on Wednesday and CAD JPY on Friday?

How do do you create your trading strategy?

Nice advice — I really acknowledge that this forum is full of immense benefits 'cos novice traders are able to gain innumerable experience from experienced ones. During the course of my search for a customized trading strategy, I came across a ...

Buy and sell at the same time/Hedging

ok — Ok, I'm using an MT 4 broker. But others like FXCM accept hedging

Hedging as a trading strategy

Share — Hello Linus, Can you share with us your hedging strategy? What about its positive results or drawbacks?

Hedging as a trading strategy

YEAH — I really agree with you. But as a beginner, when I ask some expert to advise me on the best timeframe to use, they say the one that I find most suitable. I read some books that suggest using 15 minute time frame. But in a thread, I was ...

stress free trading...