help for my mini account

Does anyone have a suggestion for a trading system that will help me get my mini account going.

It doesn't seem to matter where I get in on the trend, the market almost always bites back. Why is it that with a 5050 up and down the market always goes the other way?

I am basically trading the GPB/USD and EUR/USD on 15minute and 60 minute time frames.
Would love an opportunity to recoup my initial money.

Thanks,

Mike

Invest in training, meanwhile try to synchronize your 15min,60min charts with 4hr chart. Keep an eye on daily/weekly. Practice on demo until you get satisfactory consistency.

As a beginner myself, I noticed I do much better with 1 hr charts and higher. Of course you don't encounter as many entry signals, but at least they are a lot better ones then the lower time frames.
I like Fozzy & Bagovino as my personal preference.

It's like learning to surf in the roughest condition. Take your time, try to be consistent. I am sure struggling.....

Good luck

Switch to a daily or 4h method, daily prefered. Apply good money management, such as only risking 10% of your account at a time, etc.

By invest, i hope you don't mean throw money into something. There's plenty of free knowledge available.

If you are always on the wrong side, just do the opposite of what you're really thinking.

That said, asking for a winning system is really an exercise in futility. Someone who's profitable could tell you everything they do to the tee and you'd still probably lose money. You could follow any of the methods outlined on this site and maybe even make money for a while, but what are you going to do when the market changes? You won't know what to do.

There's lots of different ways to make money trading, the key is finding how you individually fit in. You have to develop a method that suits your trading style and personality.

There isn't any easy answer. You just need to keep learning and trying different things until you find something that suits you.

If I can let me give you a little advice ( I have made just about every newbie error there is)

1. slow down...............forex will be here tomorrow

2. Trade minni lots or the smallest unit that you can.

3. read ALL that you can on MM

4.Dont trade just to trade............be patient

5. Trade 4hr time frame as the smallest time frame.

6. read the threads on this wonderful site. you will find answers to most of your questions ( past, present, and future)

7. Hang in there...........




RSQ955

ass a beginer myself i hade the same problems untile i read a post on this forum cant remember which post but definetly check out this book "beyond candlesticks" by steve nison it is a must have for any beginer trader including myself.

Don't even trade mini lots of about $1, trade micro lots which is in cents that is $0.01 till you have more winning trades.