Everyone has their own strength and weakness. People make stupid mistakes and turn there winners into loosers. Its hard very hard for single person to be successful in Forex as there is much to learn. But what if we use the expertise of a group of people and make wise decisions.
I am thinking of this idea for sometime now. How about having few trading buddies. I thinking to form a team of 5-10 people. At the begining of each trading day, as a team, we will decide which trade to take. Initially idea is to focus one or two currency pairs. We will decide weather to go long or short on a particular pair depending on reasoning. We will discuss of our decision of going short or long. We will also try to share our strategy to other team members. Every team member will have right to agree or disagree. For example if we have a group of 10 people and if 6 decide to go long on EUR/USD and 4 decide to go short then we will go long (will go with majority). No grudges. It will be a team work. Team work will be the key for this group. Team members will have to think above their own interest.
Initially we will trade using demo account. We will take trade on demo accounts for one month and we will keep a log for each of our trade. At the end of month we will evaluate our performance. If we go wrong, we will try to improve and will trade another month till we get successful. I am very very positive that team work can do wonders. Each person here at FF has there own strengths. They have know different techniques and have different expertise. Togather as a team, we can help each other to be a successful trade. Team win so we win.
I am looking for people who are really passionate for forex and who are really interested in making money. He/She should consider other team members as family and not just team members. He/She should be willing stay for long and should be very very determined. Creative criticism is welcome but no insulting remarks. Basically, idea is to work as a team and to carry successful trade. I can't stress enough on team work for success of this group. No ego and no fights.
We can decide other details like how we will communicate and at what time we will take trades, etc later. First, I want to know, how many peopler are interested in this idea. It would be nice to have people who trades during NY and Asian session but it is not necessity.
Please PM we if you are interested. Also, please no selling of any product of any kind. We will form a team who will share only their expertise and togather as a team we will try to be successful FX trader.
Things required
1)Determination to be successful.
2)Passionate about money.
3)Commitment.
I want to limit number of people to 5-10. More people more conflict so I want to limit the group size. Also, I am not an expert on FX. So people with any background are welcome.
I am thinking of this idea for sometime now. How about having few trading buddies. I thinking to form a team of 5-10 people. At the begining of each trading day, as a team, we will decide which trade to take. Initially idea is to focus one or two currency pairs. We will decide weather to go long or short on a particular pair depending on reasoning. We will discuss of our decision of going short or long. We will also try to share our strategy to other team members. Every team member will have right to agree or disagree. For example if we have a group of 10 people and if 6 decide to go long on EUR/USD and 4 decide to go short then we will go long (will go with majority). No grudges. It will be a team work. Team work will be the key for this group. Team members will have to think above their own interest.
Initially we will trade using demo account. We will take trade on demo accounts for one month and we will keep a log for each of our trade. At the end of month we will evaluate our performance. If we go wrong, we will try to improve and will trade another month till we get successful. I am very very positive that team work can do wonders. Each person here at FF has there own strengths. They have know different techniques and have different expertise. Togather as a team, we can help each other to be a successful trade. Team win so we win.
I am looking for people who are really passionate for forex and who are really interested in making money. He/She should consider other team members as family and not just team members. He/She should be willing stay for long and should be very very determined. Creative criticism is welcome but no insulting remarks. Basically, idea is to work as a team and to carry successful trade. I can't stress enough on team work for success of this group. No ego and no fights.
We can decide other details like how we will communicate and at what time we will take trades, etc later. First, I want to know, how many peopler are interested in this idea. It would be nice to have people who trades during NY and Asian session but it is not necessity.
Please PM we if you are interested. Also, please no selling of any product of any kind. We will form a team who will share only their expertise and togather as a team we will try to be successful FX trader.
Things required
1)Determination to be successful.
2)Passionate about money.
3)Commitment.
I want to limit number of people to 5-10. More people more conflict so I want to limit the group size. Also, I am not an expert on FX. So people with any background are welcome.
As with anything in life, when your only looking at it through one set of eyes, you can overlook opportunities. I try and analyze each trade from both sides of the coin before entering.
This is too funny, I'm a Leo as well born the 31st of July.
