Hey everybody,
I've been trading and learning for about a year and I've developed my own system with PA, Fib levels and MAs. Now I've been trading live for about a month with minimal gains 4% up so far, but my dad and his friend swear that trading off PA, indicators all that stuff is BS and that currencies move like a sine curve and all you have to do is have enough money in the account and don't use a stop loss and just leave the positions open.
I disagree but they swear its the best way. So id just like to ask any one out there if my results are good for a newbie and give any evidence that my dad and his friend are wrong.
Thanks in advance
I've been trading and learning for about a year and I've developed my own system with PA, Fib levels and MAs. Now I've been trading live for about a month with minimal gains 4% up so far, but my dad and his friend swear that trading off PA, indicators all that stuff is BS and that currencies move like a sine curve and all you have to do is have enough money in the account and don't use a stop loss and just leave the positions open.
I disagree but they swear its the best way. So id just like to ask any one out there if my results are good for a newbie and give any evidence that my dad and his friend are wrong.
Thanks in advance