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How trade forex successfully
you arent hurting your long-term chances at trading success, in fact you are improving them. As a testimonial for your breakout system, I am still tinkering with currency pairs and time frames. "Cynthia, Let me just start off by saying holy cow! I have been trading common stocks for many decades and the Forex market for over one year. Making consistent money in the markets takes a clear and calm mind, and if you are preoccupied with making money in the markets to quit your job or pay your rent, you are unlikely to have the proper trading mindset. Forex trading course and members community. If you are at your computer when the indicator triggers, the results are excellent. It is not a profound statement to say that making money in the markets is a result of successfully trading them, but its worth examining this statement further to see just where most traders with small accounts go wrong. I have recouped all my losses for this year and 500 away from recouping last year's loss. But, unfortunately the path to make money in the markets is not paved by risking a lot and trading too much, but rather by taking a slow and calculated approach to your trading and never becoming emotional. In fact, it is widely known that traders who trade less frequently tend to do better on average than day-traders and traders who enter larger amounts of trades each month.
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Since I took out all personal info please feel free to use it any way you wish. This goes to show that regardless of summer months, I just trade my plan and thats. Once you build your trading plan you are going to need to track your progress in a forex trading journal so that you can stay disciplined and accountable. Thank you for a great system. .
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Everything you said about the system is right on the money. I now understand how it works better. I've had several charts set up with different indicators, and I find I go first and last to your Simple System, and will be deleting the charts with the other indicators. I sit down the day after and review previous days trades and try to determine what I did wrong for a losing trade (lack of waiting for signal, jumping too early etc, my errors not system) to improve my skills and review what I did. Whatever you do, do not get greedy and trade too large or over-leverage on a smaller account, this is a common emotional trading mistake and it will kill your trading account faster than you think and greatly inhibit your chances of becoming a successful trader. Best regards and can't channel trading strategy thank you enough, Bruce Hi Cynthia, My results with your breakout system have been as expected. So, if you have a 2,000 trading account and you are consistently making 200 a month, you should consider yourself a successful Forex trader, even though you obviously cannot live on 200 a month, more on this later. I am not criticizing anyone for asking such questions, as most beginners simply do not know what it takes to succeed in the markets and have probably been fed lies and rumors by other Forex websites that promise them the world but deliver little. Both of us are extremely impressed with the results achieved since the inception and down-load of the software. Regards, Graham D Hi Cynthia, I bought your system a few days ago, and I want to thank you, because I have made money in my live account.
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