Savvy/No Savvy? | Forex Factory

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Savvy/No Savvy?

  • #1
  • First Post: Sep 27, 2008 6:34pm Sep 27, 2008 6:34pm
Hello All,

I've been following the forex world since I found out about it in 2006. Been reading and demoing etc. Now I'm ready to use my money, but I feel like I don't know anything. Can anyone advise me? I still don't have a trading strategy, I just rely on a confluence of events, which may be right or wrong depending on what I'm using at the time.

I really want to start. Care to advise me, anyone?
Quit stalling... Just do it.
  • #2
  • Sep 27, 2008 6:41pm Sep 27, 2008 6:41pm
well just look around so many systems out there.. find something that works for you and try to stick with it cant judge a system by a few wins or loses so give it some time just stick with it.

once you play with real money emotions come into play big time so try to use little money where your judgement wont be changed just because of the $ invovled.

goodluck
  • #3
  • Sep 28, 2008 11:23am Sep 28, 2008 11:23am
Quoting icebedg
Hello All,


Now I'm ready to use my money, but I feel like I don't know anything.
If you feel like you don't know anything you are not ready to use money!

First decision you have to make is (based on how much time you can spend watching the forex) is what time frames suit you best? 5M 4HR Weekly?
  • #4
  • Sep 29, 2008 10:51am Sep 29, 2008 10:51am
I agree with the flamenco man if you feel you don’t know anything it is probably because you don’t, so don’t invest in trading real money. Keep practicing, my tutor says you are never really ready to lose, well no one is. What he is teaching me is how to develop my own strategy; once I got that down I could invest. So I recommend you do the same.
  • #5
  • Sep 29, 2008 11:09am Sep 29, 2008 11:09am
Quoting icebedg
Hello All,

I've been following the forex world since I found out about it in 2006. Been reading and demoing etc. Now I'm ready to use my money, but I feel like I don't know anything. Can anyone advise me? I still don't have a trading strategy, I just rely on a confluence of events, which may be right or wrong depending on what I'm using at the time.

I really want to start. Care to advise me, anyone?

quit stalling and just do it!...hmm i wonder where i got that from
  • #6
  • Sep 29, 2008 11:36am Sep 29, 2008 11:36am
Good one Mr. is that the advice you give to someone, he sounds like a total beginner although he says he has been trading for ever. I hope all you advise is not like that.
  • #7
  • Sep 30, 2008 3:18pm Sep 30, 2008 3:18pm
I am a real beginner and I try to get into all the forums and read everything, but I have to agree with you man, this guys should put his money in it, if you are unsure and have been doing forex for some time than its time. The only way to really know if you are ready is once you’re in it. So go ahead.
  • #8
  • Last Post: Oct 4, 2008 2:02am Oct 4, 2008 2:02am
Thank you guys. I've done some sould searching and I think I shuold quit stalling. I'll try sticking to one system.
Quit stalling... Just do it.
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