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  1. #1
    Halo people,
    I'm new with this particular forex match and have a query about forex ... why everytime I enter the situation, either short or long, the problem is always against me... say if I enter lengthy, the market goes brief and vice versa. .
    Could anybody simply explain to me please... the simple one please. . I'm learning how to follow the trend kind of methode rather than using the technical analysis methode...
    thanks

  2. #2
    G3tmorepip,

    I appologize, but I've the same question too
    SO would you mind if I profit from your thread also?

  3. #3
    Appears to be a big part of the issue you're having is that you don't have sufficient cash to exchange with. When using a larger stop loss will set you out your 1-2% risk level, then you need more money, or you need a broker with greater granularity; or even the ability to take smaller positions.

    For example Oanda (http://www.fxtrade.com/) allows you to exchange as little as $1, whereas a mini-lot in the majority of other brokers is $10,000. If you can not find more cash to exchange with, you might want to look at this type of broker.

  4. #4
    I guess, the best way to answer this question is to get a better appraisal of your situation.

    How are you highlighting your trading decisions? Are you employing a system? Do you utilize technical indiors? How big are your stops?

    In fact , you are down when you enter a transaction due to the spread. Therefore, in the event that you enter the Cable and the spread is 5 pips with your broker, then as soon as you enter the trade you are already -5 pips. This implies that if you would like to produce a 5 pip profit, the price will in fact have to go 10 pips in your direction.

    I don't understand much of your Currency Market history or eduion, but I would suggest that you demo trade a platform and get your feet wet before getting into real trades. There are numerous good systems on this forum that are free such as Vegas' system. Additionally, there are good systems on Strategybuilderfx. Do google searches for Bunnygirl and FX10 egies. They're 2 prominent day trading egies that people are utilizing.

    I hope this helps. Otherwise, please elaborate on your scenario more and I will try to help you out.

    Cheers,

    -BP

  5. #5
    Quote Originally Posted by ;
    ,

    I appologize, but I have the exact same question also
    SO would you mind if I profit from your thread too?
    I do totally keen to share with you friend. There's not so much pleasure rather than helping others too... right now I'm still learning toward perfection, even though there is no a perfect world on forex world hehehe

  6. #6
    Quote Originally Posted by ;
    Halo folks,
    I am new with this forex game also I have a query about forex world... why everytime I enter the situation, either long or short, the problem is obviously against me... say if I enter lengthy, the market goes short and vice versa. .
    Could anybody simply describe to me please... the simple one please. . I am learning to follow the trend type of methode rather than working with the specialized analysis methode...
    thanks
    haha, One more companions.
    That I think you ought to learn how to use target and stop-loss. To start with you should pick a user friendly platform.

  7. #7
    Quote Originally Posted by ;
    Halo folks,
    I am new with this particular forex game also I have a query about forex world... why everytime I enter the situation, either long or short, the problem is obviously against me... say if I enter long, the market goes brief and vice versa. .
    Could anybody just explain to me please... the simple one please. . I am learning how to follow the trend type of methode rather than using the specialized analysis methode...
    thanks
    That is a common experience with all new traders. It's to do with the way our minds are programmed, and the way this programming distorts that which we view on the charts. This phenomenon basically causes inexperienced to buy right before the markets turn down, and also to market only ahead of the markets turn up. Seasoned traders (smart money) understand how to benefit from this and use it to regularly pick the pockets of new traders.

    If you'd like a more detailed explanation of the plogical and plogical reasons behind this, then buy the book entitled Mastering the Trade by John Carter. The first few chapters deal with new trader plogy and feelings. Then the remaining part of the book covers how to overcome this and start to trade just like the wise money does.

    Dial

  8. #8
    Quote Originally Posted by ;
    This is a common experience with all new traders. It has to do with how our minds have been programmed, and how this programming distorts that which we see on the charts. This phenomenon essentially induces inexperienced to buy right before the markets turn down, and to market only before the markets develop. Experienced traders (smart money) know how to benefit from this and use it to regularly pick the pockets of new traders.

    If you'd like a more detailed explanation of the plogical and emotional reasons for this, then buy the publiion entitled Mastering the Trade by John Carter. The first few chapters deal with new trader plogy and emotions. Then the rest of the book covers how to conquer this and start to trade just like the wise money does.

    Dial
    ================================================== =======
    hi diallist and walker,

    thanks to your help describing this. . Yes I tried it now and it works for the first day of my experience working with the target and SL system. Although I'm still learning also to diversivied (?) My capital (Money direction ) type of things.

    I don't understand folks words when they describing the MM... I browsed through several articles here atforexforum.co.zabut nevertheless try to comprehend what they meant....

    Is walker or Diallist prepared to help me with simple or down to the planet's term... I'm pretty sure you guys are very knowledgeable in this matter but for me to understand the term is way to date since I don't have any background at but I'm prepared to learn...

    Is it possible to grow the sum of capital by using just the Mini account when I'm using MM.... I know it sound silly but this is the amount I'm prepared to forfeit to learn... (as far I understand the MM will work fine if I use the the regular account which is about 10000 or so previously ) am I wrong... thank you guys for helping me thus far...

  9. #9
    Quote Originally Posted by ;
    Halo people,
    I'm new with this particular forex game and I have a query about forex ... why everytime I enter the situation, either short or long, the situation is always against me... say if I enter long, the market goes brief and vice versa. .
    Could anybody simply explain to me please... the easy one please. . I'm learning how to follow the trend type of methode rather than working with the technical analysis methode...
    thanks
    One answer is that the market breathes. It exhales and inhales. So allow the market breatheor it ebbs and flows it's only natural for it to do this. Just go with the flow, and don't use 200 pip stops. Good luck and welcome.

  10. #10
    Quote Originally Posted by ;
    and do not use 200 pip stops.
    LOL... I figure 200 made it's mark on you blue. .

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