DislikedHello, have read a lot of threats on different forums and have tried several kind of "strategies" on demo accounts of ECN Brokers (even actbroker.com = ECN with Metatrader) but it seems to me, that Forex is more like playing roulette instead of making money constantly.
You may proof me wrong, of course ;-)Ignored
I started trading in 2001, and moved to Forex mid-2006. I'm not consistently profitable yet, but I'm finally starting to see how it is possible.
IMHO prices move randomly most of the time, especially in the shorter time frames (1 hr and below). However, there are occasions where there is momentum, which gives us a greater probability of catching a move that's big enough to overcome costs. By that I mean "on balance", i.e. the edge it gives us is small. But a small edge and conservative MM is all casinos need to make their millions.
Like Magnum says, I believe you need 100% confidence in your method, otherwise when you encounter a series of losses, you'll find it hard to maintain discipline.
Here are some posts which IMHO are worth reading:
http://www.forexfactory.com/showthread.php?p=205799
http://www.forexfactory.com/showthread.php?p=1835094
http://www.forexfactory.com/showthread.php?p=206698
David
