What is that one forex secret you are holding back from the public???

When I have the right answer then I will share it.
However, I am still far from being a God of Forex.

To be a God takes time. This means to master your occupation
will take time.

Don't take word for word what I said. This only
means that are either bias or looking for an argument.

[quote=charlyher;3223559] All the answers are really not what
I was looking for

In life, you need to be concrete. You got to be either right or wrong.




charlyher:

Most replies to your question pointed to the same thing - work.
The "concrete" answers will come by giving yourself time to
study the information compiled by successful traders; and by
comparing it with your own observations of the forex market.
This will take time.

When you attain your goals, you may wish to share your secret
with us.

Wishing you success.

More seriously, everybody knows the kind of news events which move currencies: interest rates.

Global banks buy & sell based on interest rates. Why is there so little discussion here?

Re a "secret" which is not a secret: currencies are not interchangable, they can be asymmetric up vs down.

Low, lower leverage.

The more you can take your emotions out of it (fear of losing money) the better off you will be...

When I have done all my homework and I accept a set up and this can take between a few minutes (if it's a trade on the 5 minute chart) and an hour I set a market order.

If my order does not get picked up by a smoothly flowing price I look at the trade a bit jaundiced. I might close it and accept a small loss. I might tighten my stop loss.

I need to see the price moving well. Leaving the ma's behind and leaving behind my stop loss.

There is no holy grail or magic indicator. The secret is to find a method that suits your personality, and trade support and resistance.

Have met many experienced retailers who only trade stocks, and buy when there is fear, and sell when there is euphoria. They don't use online accounts, all they use is teletext for prices, and phone up brokers to make orders. On the other hand, for the most of my trading life, i have used online accounts and fanciful indicators, but it hasn't done me any good. Gut feeling and experience is more important than indicators or knowledge.

Knowledge harms actually, when used incorrectly - am beginning to realize this.

You got it!

When one does get a method one's comfortable with, use of that 'gut feeling' calms down enough so using the method's indicators pays good dividends.

Ty for the big smile Smjones! lol I think this is my favorite response by far.

As for the real question looking for the secret... what you don't want to hear is that you can do everything right and loose money. You can do everything wrong and make money. Like martingale or adv down. Eventually you will blow out but for a while the wrong thing works. Hard work? Hardly! the market could care less how many 1000's of hours you have spent studying and back testing.
Low leverage? You bet! You have to last long enough to be around to take advantage of the black swans.

My secret is money management. I think this is the key in achieving success in forex trading.

Well, it certainly gives you a longer shot at it. And the more practice the better. There. I gave away another secret.

When you said to "give you a longer shot" this means that you will last long enough and have a better chances to earn profit. Please correct me If I am wrong.

Charlyher:

Read this:

http://www.forexfactory.com/showthread.php?t=207452