I am new to the Forex in general, and especially new to the idea of using systems to increase profits. So does anybody know of any good systems that I can look into? Help will be greatly appreciated!
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DislikedI am new to the Forex in general, and especially new to the idea of using systems to increase profits. So does anybody know of any good systems that I can look into? Help will be greatly appreciated!Ignored
DislikedI am willing and actually planning to study the Forex for many years, and no I am not trying to find the Holy Grail. If I was, I would make sure to ask anybody but you.Ignored
DislikedI am new to the Forex in general, and especially new to the idea of using systems to increase profits. So does anybody know of any good systems that I can look into? Help will be greatly appreciated!Ignored
Your best bet is to look into trend trading, support and resistance, trendlines, maybe pivot points, fibonacci, moving averages, candlestick patterns, possibly even stochastics but at the end of the day all of this will only give you a suggestion of where the price might go next.
Once you have read and fully understood the above then you are not far away from being able to implement the classic trading rules... Cut your losses short and let your winners run, trade with the trend, etc, etc.
I can only add to that... Don't overleverage, better lots of small losses than one huge loser!
Good luck
Disliked
at the end of the day all of this will only give you a suggestion of where the price might go next.
Once you have read and fully understood the above then you are not far away from being able to implement the classic trading rules...
I can only add to that... Don't overleverage, better lots of small losses than one huge loser!Ignored
DislikedCrikey, 7,000 posts in just over 4 months, do you actually have time to trade!Ignored
Disliked
u know what they say - u can never stop learning. Knowledge is unlimited.
( i dont mean start looking for the holy grail indis and systems every day LOL LOL, just coz i learn a lot through others, post back and schtuff)
not recommneded for the weak hearted lolIgnored
DislikedI am new to the Forex in general, and especially new to the idea of using systems to increase profits. So does anybody know of any good systems that I can look into? Help will be greatly appreciated!Ignored