coachdeb

Thanks James, good advice. Last nite I went to a meeting of 4xLosAngeles.org users (all started with 4xMadeEasy and have since moved on to real charts), and I learned that it wasn't me, it was the software. That made me feel much better. I'm very hopeful now, what with having spent the last two months being frustrated, at least I've gotten a good background on 4x. I'm gonna get real charting software and begin again, renewed! -Deb

Well, I trade anything that moves - I think that's my problem! I've heard that newbies should focus on ony one pair to learn what moves the market and how prices act, and especially to see the trends. Sure, you can PM me if you want. There may be others who can benefit from sharing here. But... Whateverrrrrrr, Deb

I'm just starting out so I don't know what currency futures are. I know there are other instruments to trade but just starting out, I haven't considered anything but Forex yet. 4XMadeEasy doesn't use price charts, they use buying/selling pressure charts...how many were bought/sold,which should obviously be equal, but they use a proprietary set of algorithms which are able to determine direction [probably] based on what's happening first - buying or selling - and who's playing catch-up -- buyes or sellers. The software performs 15-20 calculations per second and then draws a graphic line representing the pressure waves. That's why I said I felt like I was dealing with a shadow, there has to be a delay involved, even though it may only be a second or two. Not only that, I'm dealing with a 2nd generation lagging indicator and if I want to see prices, I need to use the cursor and read the price off a grid to the right of the chart area. However, to be fair, I don't really think the software is the problem. There are many people who are very happy with it, but I just don't know how to interpret what I'm seeing. They are very generous with their training (probably because we have to pay $99/mo for the data feed from eSignal) but I'm not getting it, and there are many others in the same boat with me. That's why I think that looking at a price chart might help me read the trends better. Oh well, I'll keep trying, but with price charts this week, not 4xMadeEasy. By the way, I have a BUNCH of money (100K+) that I'm living off of while I learn this >>> and I don't intend to live-trade a penny of it until I can double my demo account (which started at $2k). Two months of demo trading so far and all I've done is lose. Thanks! Deb.

Thanks! Will check them out. I've been using 4XMadeEasy and it really isn't ...so easy that is. I consider myself a very intelligent person and I'm having a great deal of trouble with this package. They use pressure (buying/selling) charts instead of price charts and every time I enter a trade with their software, I lose instantly. Not just the spread either, I've always chosen the wrong direction. I feel like I'm working with a shadow so I'm switching to actual price charts just to see if I do better. Thanks for the pointers! Deb

Great idea! What rooms do you know of that are free and worthwhile? Deb

Hey. I bought the $/JPY a few days ago and sold it for a few pips profit, but that was on very short term hold. I've read posts similar to yours that mention signals and I have a couple questions... - are you talking about a long term position hold here? Seems to me that it surely wouldn't be a trade shorter than a half day or day that you're talking about here. - what kind of signal are you seeing? chart hi/lo, support/resistance, MACD, ???? I'm very new to Forex myself so I'm VERY interested in your and other's responses. Deb