Taking the plunge | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Today's Euro Plunge 9 replies

Thread related to the */USD plunge in August 1 reply

Fibonacci Extentions For Profit Taking Targets In FX 10 replies

Taking the Next step after you Have a trading plan 5 replies

Taking the plunge

  • #1
  • First Post: Jun 22, 2007 9:26am Jun 22, 2007 9:26am
I am finally taking the plunge and trading live as of next week.

Over the last 18 months I have tried every system you could think of, tried out every indicator on the planet, read countless ebooks and bought several courses. If I had found this site earlier then I could have saved myself at least 12 months of wasted time and energy as in the last 6 months of being a regular reader of this site I have learnt 5 times as much as the previous 12.

I joined the James16 group and have now got my head round trading price action although I do admit to still using a couple of moving averages and the RSI indicator but maybe in time I can bin them.

I have tried all sorts of ventures over the years all of which went to the wall so I am hoping that I can make a success of this although I know it will not be easy.

Any tips or useful advice is more than welcome.

Heres to successful pip hunting :-)
No man is smart, except by comparison to those who know less!
  • #2
  • Jun 22, 2007 9:41am Jun 22, 2007 9:41am
Quoting strangemartian
I am finally taking the plunge and trading live as of next week.

Over the last 18 months I have tried every system you could think of, tried out every indicator on the planet, read countless ebooks and bought several courses. If I had found this site earlier then I could have saved myself at least 12 months of wasted time and energy as in the last 6 months of being a regular reader of this site I have learnt 5 times as much as the previous 12.

I joined the James16 group and have now got my head round trading price action although I do admit to still using a couple of moving averages and the RSI indicator but maybe in time I can bin them.

I have tried all sorts of ventures over the years all of which went to the wall so I am hoping that I can make a success of this although I know it will not be easy.

Any tips or useful advice is more than welcome.

Heres to successful pip hunting :-)
Take the word hope out of that sentence, if you take onboard all you've read, hope will not be part of your armoury.
Take it easy, play single lots for a while to get the feel of using real money, and have faith in what you're doing. There are loads of helpers here, and they will all be rooting for you.
  • #3
  • Jun 22, 2007 10:08am Jun 22, 2007 10:08am
Quoting strangemartian
I am finally taking the plunge and trading live as of next week.

Over the last 18 months I have tried every system you could think of, tried out every indicator on the planet, read countless ebooks and bought several courses. If I had found this site earlier then I could have saved myself at least 12 months of wasted time and energy as in the last 6 months of being a regular reader of this site I have learnt 5 times as much as the previous 12.

I joined the James16 group and have now got my head round trading price action although I do admit to still using a couple of moving averages and the RSI indicator but maybe in time I can bin them.

I have tried all sorts of ventures over the years all of which went to the wall so I am hoping that I can make a success of this although I know it will not be easy.

Any tips or useful advice is more than welcome.

Heres to successful pip hunting :-)
Best of Luck Martian!!
PipMasterFlex
  • #4
  • Jun 22, 2007 10:21am Jun 22, 2007 10:21am
Are you CONSISTENTLY profitable yet on Demo? because if you arent, please dont kid yourself: you wont on Live.
  • #5
  • Jun 22, 2007 10:21am Jun 22, 2007 10:21am
Cheers people, will be a regular on here from now on and will let you know how I am getting on.
No man is smart, except by comparison to those who know less!
  • #6
  • Jun 22, 2007 10:23am Jun 22, 2007 10:23am
Quoting WTB
Are you CONSISTENTLY profitable yet on Demo? because if you arent, please dont kid yourself: you wont on Live.
I am although I understand it is not the same as live so will start of slow and see how I go.
No man is smart, except by comparison to those who know less!
  • #7
  • Jun 22, 2007 11:54am Jun 22, 2007 11:54am
Quoting strangemartian
I am although I understand it is not the same as live so will start of slow and see how I go.
Then go for it. Start small, be VERY selective on picking your setups and good luck
  • #8
  • Last Post: Jun 22, 2007 6:51pm Jun 22, 2007 6:51pm
Deep breaths and release slowly.

Strike in cold blood, Never in anger.

Congrats and welcome to the game. Now put your chips on the table.:
0 traders viewing now