This is my first thread so forgive me if it's all over the place ![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
What i want to do is take a very simple system and trade it consistently to show traders, mostly newbies how you can become consistent. It's not rocket science!
What you will find very difficult to do is to control your emotions and the urge to not overleverage your account.
If you want to get rich quickly please go to the casino and take a punt there.
What I'm going to do is show you my set ups and my trades as and when they happen.
They will not all be live as I have a job and can't post screen shots from work.
To save myself alot of time and re-invent the wheel,I will post a link to the system I use.
It's free and everything is explained there.Please note this is NOT a marketting stunt. There is no payment involved etc.
I want to say that if you do follow my trades i will not be resposible for any finacial loss etc. If you are going to learn and trade this method please demo it for a few months.
You will take losses - that's a guarentee! What's important is that you keep your risk really small, I personally don't risk more then 1% per trade. Yes that's 1%,lol.
It's what I'm comfortable with and keeps me in the game when times don't go my way.
I don't take many trades per month, maybe 1 - 3 a week depending on market conditions.
Here's the key to this system....the risk reward is great! So far, as of today ,I am up 17% for the month of January and that's from three trades. This week I haven't taken one trade, which will drive some traders crazy! Remember trading is NOT about action. This seems to be a huge misconception. It's really dificult for people to go from a 'normal' job to trading consistently because people have this belief that you must be trading all the time in order to make money. What I have found is the more you trade the less you have left in your account at the end of the day,lol.
I trade the forex market, trading Support/Resistance levels. There are NO indicators or fancy little green and red dots that appear on your screen to show you a buy or sell signal. The entry I use might be a bit different to what some are used to. I place limit orders in the market at my defined levels and just wait for price to come to me. You can use candle patterns etc if you want extra confirmation but you sometimes find price just powers off these levels, leaving you scratching your head.
Well that's the start of my thread, i hope to be of some help to someone out there.
Please post any questions you may have and I'll do my best to answer them.
All the best
A
What i want to do is take a very simple system and trade it consistently to show traders, mostly newbies how you can become consistent. It's not rocket science!
What you will find very difficult to do is to control your emotions and the urge to not overleverage your account.
If you want to get rich quickly please go to the casino and take a punt there.
What I'm going to do is show you my set ups and my trades as and when they happen.
They will not all be live as I have a job and can't post screen shots from work.
To save myself alot of time and re-invent the wheel,I will post a link to the system I use.
It's free and everything is explained there.Please note this is NOT a marketting stunt. There is no payment involved etc.
I want to say that if you do follow my trades i will not be resposible for any finacial loss etc. If you are going to learn and trade this method please demo it for a few months.
You will take losses - that's a guarentee! What's important is that you keep your risk really small, I personally don't risk more then 1% per trade. Yes that's 1%,lol.
It's what I'm comfortable with and keeps me in the game when times don't go my way.
I don't take many trades per month, maybe 1 - 3 a week depending on market conditions.
Here's the key to this system....the risk reward is great! So far, as of today ,I am up 17% for the month of January and that's from three trades. This week I haven't taken one trade, which will drive some traders crazy! Remember trading is NOT about action. This seems to be a huge misconception. It's really dificult for people to go from a 'normal' job to trading consistently because people have this belief that you must be trading all the time in order to make money. What I have found is the more you trade the less you have left in your account at the end of the day,lol.
I trade the forex market, trading Support/Resistance levels. There are NO indicators or fancy little green and red dots that appear on your screen to show you a buy or sell signal. The entry I use might be a bit different to what some are used to. I place limit orders in the market at my defined levels and just wait for price to come to me. You can use candle patterns etc if you want extra confirmation but you sometimes find price just powers off these levels, leaving you scratching your head.
Well that's the start of my thread, i hope to be of some help to someone out there.
Please post any questions you may have and I'll do my best to answer them.
All the best
A