I might be a newb, but OP is saying buy high, sell low? That doesn't make sense does it?
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DislikedI might be a newb, but OP is saying buy high, sell low? That doesn't make sense does it?Ignored
If one trades only lagging indicators, which by definition take longer to recognize a direction, then this may be all one does.
Make sense?
DislikedI might be a newb, but OP is saying buy high, sell low? That doesn't make sense does it?Ignored
DislikedForex is hard at first because you always need 100reasons to open a trade thinking to much and waiting confirmation for 100 pips ups and you end at buying a top and selling a bottom but after 5-10 year of trading non stop you dont use S/L or other sh***tIgnored
DislikedWhat the OP is trying to say is that when you see the price going up, buy, and when you see it going down, sell. By going with the trend you simply hop on and ride along for a section of the up or down-swing. That, in its simplest form is how to trade, except that you also need to know how to pick your exit point. And then there's psychology which often gets in the way, with fear and uncertainty preventing you from making a rational decision at the right time.
So in theory the OP is quite right that it's that easy, but in practice it's a lot harder...Ignored
DislikedHopping on a trend is what traders do EXCEPT you don't know when the ride is going to end. It could end as soon as you have hopped on it or even worse, reversed to the other direction as soon as you hopped on it or hopefully continue for a long time once you are on it.
The real essence in trading is figure out which trend will/will not continue and for how long and this is what traders develope systems/strategies for and once you have a system or strategy to figure the trend out, then trading becomes easy.Ignored
DislikedForex is hard at first because you always need 100reasons to open a trade thinking to much and waiting confirmation for 100 pips ups and you end at buying a top and selling a bottom but after 5-10 year of trading non stop you dont use S/L or other sh***tIgnored
Dislikedis forex at that easy friends .. so why there are all of these poor people looseing their money ...
one moment plz.. I have a question .. I'm wondering how many of you Forex traders live from what they earn from forex , I mean only from forex do not depends on any thing else ? plz replyIgnored
DislikedLooks like someone tried to call a bottom; very risky. Loss had nothing to do with the SL. It was just a bad call... we all have them.Ignored