DislikedHi Imran,
Thank you for sharing this system with all of us.
I started studying forex about three months ago, 20 hours a day, seven days a week. I truly believe that I squezzed at least a years worth of education into the last three months. But we all know in order to be successful
you need to gain experience which takes time.I started a live account with $3,000 about four weeks ago, unfortunately I did not find your system til about three weeks ago, after in true newbie fashion I reduced my account to $800. After studying your system and having a good handle on it I started using it about a week ago. I have lost as much as I have made, not bcause of the system, it was 100% perfect on every entry I took, but because of my own lack of dicipline which is compounded by the fact that this is the last money I have to my name due to the cards I have been dealt at this point
in my life, forex is the only means I have of supporting my family. Because of this I need to trade one lot (10,000) at a time in order to even stand a chance of making the $100 a day that we need to get by. I know this goes against all sensible money managment guidelines. I have been taking trades on the 1 min charts as long as they are confirmed by the 5 min charts and I have been going for 5-10 net pips. I am well aware it would make a lot more sense to go for more pips on a higher tf, however phsycologically given my circumstance I cannot deal with the drawdown of 20-25 pips that might be required. I am sorry to bore you with the long background, but i would appriciate any suggestions you could give me on scalping the 1 min tf to achive my goal of $100 a day and hopefully building my account back up so
I can start trading the higher tf's. I will work on my phsycological trade issues. Writing this, I really feel like the newbie that I am, eventhough I know all the facts and figures regarding mm and the failiure rates in forex,I truly believe this is achievable using your system, there is no doubt in my mind that I will be succesful with this system. For now I
just need to make the 1 min tf work until I can find a way to deal with my mindset/fear given my circumstances.
Your advice will be greatly appreciated.
Thank You and all the best.Ignored
I know how u feel....I have been exploring FOREX for about 2 years now but I still feel like there is a lot of things that I have to cover...
Yes....the image of being able to pull the perfect trade in our minds is so mesmerizing....enchanting that most of the time we are truly been dishonest to ourselves...how many times that each time we pull the trigger,this spider sense started tingling in our spine telling us that something is going wrong only to find out that it is already too late...
In the world of FOREX,gain is acquired from the lost of others.It is a cruel world that we have to accept in order to survive....
The no 1 rule that u have to accept is ONLY RISK MONEY THAT YOU CAN AFFORD TO LOSE... no matter how hard it is.FOREX is about investing money so that it would grow and in investment there is no 100% guarantee.
And 1 more thing....demo trade first until u gain profit for at least 3 consecutive months...then decide whether u can try it for real....hey it took years of practice for a golfer to become pro,so the same thing goes to us....FOREX is mean of investment not a survival kit.....I know its hard to accept because it also took me some time to accept it...read Robert Kiyosaki's Cashflow Quadrant and u know what I mean...
Love and peace....
P/S:Sorry if my comments bored u but its just how I feel...