Found a sistem that works and NOW??!

Hi i've finally found my way of trading, (we can discuss about it, giving you some hints, but believe me, it's nothing new that you can not find in this forum) so here is my newbie questions:

1: Forex: all right forex is a nice market very trendy and everithing... BUT what about others markets? I don't wanna marry a market, i think that if you wanna be profitable over the years in this bussines you/i should look around at 360° degrees, so what's your opinion about it? i discovered ETFs and they look promising, indexs etf look very good, but i didn't find a real and esaustive guide on them, so i wouldn't trade with somenthing uncertain... could you tell me where can i get some infos?

2: what foundamental analysis represent for you profitable guys? is it really important? i've found it could be a usefull tool but not so easy as technical, so any suggestion about it? where do you think someone should start to learn this discipline?

Thanks in advance, i know that some of this points have been already discussed, but it's not easy to search for them all over this forum...

P.S. i don't think i've broke any forum's rule talking about other markets, if i did, take my apologies.

Thanks
NIK

Go ahead and look into other markets. some of the most successful traders on here actively trade many futures and commodities. Trading is trading. Sure, different markets move and respond to things differently, but the core principles of trading are the same.
The same successful trader to whom I just referred said that he ignores fundamentals (for the most part). It really just depends on the strategy you are using. If you pay too much attention to fundamentals AND technicals, you'll just get frozen, like trying to use too many indicators.
The main fundamental news you should pay attention to is, of course, the non-farm payroll reports every month. I don't use fundamentals, so that is the best advice I can give.

Tyler

I would just add to Tyler's comment,
"The main fundamental news you should pay attention to is, of course, the non-farm payroll reports every month."

Fundamentaly Speaking, do you Know the Central Bank Interest Rate for All the Pairs & Crosses you intend to Trade?

No?
Start here. http://www.centralbankrates.com/

as / usual, I am not affilliated in any way with the URL posted.

All right thanks for replies! i think i'll try to learn a little of fundamental just to know if a new could affect a pair, since i'm a medium/long term trader usually news don't touch me, but i'm a trend trader so it would be nice to know if a currency after certain news could change their trend or not.
I'll try to trade PA and fundamental togheter.. will see if possible!

"It's better to master one market than be average at many."

I've recived some PM asking for my sistem so i'll reply here for everybody.

If i got any hint?
Sure!! just one but very important! trade NAKED you don't need indicators, you can start look at them later, when you'll have the knowledge to read the market, at that point you'll watch them just as a little help but they'll be not so important.
Train your eyes to see price action and you'll be done... Look for Feb2865 tread: The sistem (Irony included) and Jame's16 PA, another good one would be Phil's 4 Hour MACD sistem (this 1 uses moving averages, but gives importance to price action too, and you'll learn the hearth of the market, and Phil is a really really great dude he deserves all the best!), jacko's is another good one (i don't trade that way). After have checked some sistem, and have learnt how the market moves... it's time to develope your own sistem! it must be easy, have a good R:R, and you got to know where to place SL, that's the basic, now it's your turn to add some more stuff (but keep in mind basics thing).
When you'll done test it, papertrading and demo, now you still miss something important PSICOLOGY so read the journal factory or members lounge you'll find some good stuff like soultrader's thread you'll find some good debate on long/short timeframes. Now that you have psicology (you don't have, but you gotta start at somepoint!!) go trade live with a small part of your account, when you start at being profitable add some money and so on...

This is what i did and it's working very good, i know before or later i'll have my drawdown so i trade 1% of my account at a time, i had losses but when good trades come they gives me an average 4%-5% (actually i even had 8% once), so RR is great, an that's enough for me. Last advice: i trade daily/4h sometimes those trade will go for monthes.

p.s. for sure there are other good threads, but the one that i've mentioned have been important for me.

Bye
Nik

if need some more help... just ask!

I think we don't need a system to be successful in trading, why people so care about the system when they heard someone say he succeed in his trading, asking about the system doesn't make u better.

the post u answered is 11 months old goldtrader....still, i'd be interested to see how things worked out for him...