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When they say dont trade during news event..? 1 reply

Please dont let this happen to you!!!!!!! 19 replies

The trend is your friend: if you dont miss the boat 13 replies

Forex can be easy if you dont trade the GBPUSD

Well Said... Bensool....



Quoting benssol
you know clean

you say after a year in forex you got this fact

really for you the most suitable fact is that

forex can be easy if you dont trade any pair

traders like you always fail cause they dont see their faults
they see themselves always right and see the market is the wrong side
Thanks and Regards Zamir M Iqbal
Thanks Cleannn!

Neato!
I didn't there were other pairs beside GBP/USD.

Wow!
I bet they each have their own unique characteristics.


.
i like to trade cable, another pair were AU and NU. slow movement!
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GBP/USD is my favorite pair for trading and doing great. It has nothing to do with the pair that dictates the success of your trading. System, money management, and self control of one's self is key to being successful.
I like gpb/usd, gbp volatility more intense than euro, and 2 pips spread
If you can't make money trading GBPUSD, you're not gonna make money trading EUR neither.

Same with stocks, options, bonds, warrants, etc... etc...
Mr. Trend
Quoting benssol
they see themselves always right and see the market is the wrong side
this one should kill all ego
In my opinion, it depends on your technique.
Some pairs are very trendy, so if you are a long term trend follower you can make money.

Some pairs are very ranging, if you trade the range you will make good money.

It depends on you ability to wait as well. If you rush when taking trades, chances are you will lose money.

I personally dont trade USD/JPY because the trend is not obvious enough for my technique. Pick the right market for yourself.
Hello!
I think, dont use indicators for open positions !!
watch paterns and manage S/L if you can do this you will earn money!
No S/L no money !!
Quoting luqmanz
In my opinion, it depends on your technique.
Some pairs are very trendy, so if you are a long term trend follower you can make money.

Some pairs are very ranging, if you trade the range you will make good money.

It depends on you ability to wait as well. If you rush when taking trades, chances are you will lose money.

I personally dont trade USD/JPY because the trend is not obvious enough for my technique. Pick the right market for yourself.
Well said luqmanz, I couldn't agree more.
I just trade when i feel "i have a chance to win the trade".
i trade in many pair, Euro/Usd and Euro/GBP is my favorit pair,
Manage your risk, the number of lots, your entry buy or sell, your initial stop loss. Moving your stop loss from time to time. This way you will be able to control your emotions. Leave the rest to the market.
Quoting WHTenn
Actually I trade the pairs you tell traders to avoid and I do very well with them.

You may want to state that you don't trade those pairs well instead of telling others that they won't be able to.

If your not doing so well, it is your system that your trading. If your looking for a good system to use, PM me and I will be glad to share mine. I can send you to a link that show my 12 winning trades in the past 6 hours. I have 27 winning trades this week and the trading day is not over yet.

Good Luck
Hi WHTenn,

I appreciate your candor. Personally, I use the Stop & Reverse additive system, which can be found on the following thread: (FXTradepro: Strategy Using a "Semi-Martingale" Position Sizing). Perhaps you'd care to review this system and provide your feedback.

Also, would you be willing to share your system? Based on your post, I understand that it has been reasonbly successful, which sounds quite intriguing.

Thanks,

Walt
this is my list
G/U
G/J
G/CHF
E/U
E/J
E/CHF
E/CAD
E/AUD
A/U
A/J
N/U
U/CHF
U/J
E/G
U/C
A/C
CHF/J

why?
cuz i hardly to predict that what Mr.market did to market. some day they drove Eur another day is Chf who's know?

For cable i think it ok (Excluding big dog's action) for TF 4h++ below this will stuck with bigdog's will
Quoting cleannnnn
Someone say forex is hard and someone say its easy. There are loser stories, there are easy winner stories.

In forum, you think you should do GBP but no. NEVER TOUCH GBP. Most losers are lost by touching GBP or JPY. Stick with EUR/USD. You might not earn enough money like others in forum but that is FOREX and that is your limit right now. You just cannot make more money than that. You will end up losing all your winning money. MAYBE NOT but..... If you think that way you will avoid that high risks. Just be-careful with forum guys who makes real easy money by clicking one mouse button and be-careful with GBP and JPY. (Includes GBP/USD USD/JPY EUR/JPY GBP/JPY so on................)

If you get THAT something, FOREX can be REAL easy. If you have the right informations and right tools you will start earning in just a week. It is that easy but it is so hard to get that TIP! especially from who got that TIP in a year or longer, they don't want to tell you their secret. Me? I got that info in 7 months. and I also don't want to tell my secrets either. I might got it that earlier but they don't let you get it so soon. Of course, you will have to study other forex stuffs as well.

I lost my point, but don't touch GBP, JPY like others in forum and lose all your money. That doesn't mean EUR/USD is easy for you beginners.

PS. My only job was forex for first half year and still is meaning that I sticked with forex most of my days for first half year.
I hear what u have to say. And in a way i wanna agree with you. I love eur/usd. But i also trade gbp/usd

However i absolutely avoid the "Big Green Monster" aka gbp/jpy. But a lot of traders love this currency and makes very good profits trading it. There are lots of money to be made with gbp/jpy.

I however shit my pants every time i look at those charts because this currency does not suite my personality and trading style. Hell man i dont even date girls this wild...so why would i wanna trade a wild currency...lol

Maybe one day when i am big and not so scared anymore will i seriously have a look at gbp/jpy.....

Bottom line: if you trade eur/usd and make $10 000 per month

or

you trade gbp/jpy and make $10 000 per months it is all good....
i only trade gj....
Quoting styxgroup
this is my list
G/U
G/J
G/CHF
E/U
E/J
E/CHF
E/CAD
E/AUD
A/U
A/J
N/U
U/CHF
U/J
E/G
U/C
A/C
CHF/J
Blimey.
wont kind off agree with you but you you knida gonna make sence if you put it this way gbp/usd(cable) and gbp/jpy(train) are more volatile than eur/usd i love the euro but too slow so patient trader will definately make money

enjoy
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  • Last Post: May 29, 2008 9:50am May 29, 2008 9:50am
trade with gbp/jpy
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