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samuel23

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Posts posted by samuel23

  2. Posted

    you done with your holiday I suppose to go after 20th dec. best of luck with Trading mate :)

     

    Very good and i wish you a very good holiday ahead as we really need a rest. Me also gonna take another one around 23 dec as christmas & new year coming soon. So we really deserved a good holiday. Happy holidays ;)

  3. Posted

    Lol Today is Friday now Enjoy !!!!

     

    My Trading also going on very good getting good profit so far :)

     

    I did took a long holiday!! It is now that i am trading after so many days. I actually deserved i as i had trade a lot during the past weeks and i wanted to relax. Good luck anyway and let hope this can be another good friday!! :)

  4. Posted

    Thanks, I already did good so far :) what about your trading ?

     

    Well my trading is not so bad!! Having a good profit for the past 2 weeks and waiting for this friday to take a little pause and relax a bit! And what about your trading?? ;)

  5. Posted

    The problem is there is just so many material and is hard to say what is worth reading/listening/watching.Its tru,but the knowledge is the kay

     

    :haha: Ya when you think of that many things you have to learn about Forex, you may something think whether it is worth it?? Well i know that but i was devoted and wanted to learn. From my part i can say that not being lazy helps!-!

  6. Posted

    Lol :crap:, I am trading full day because I am addicted :)

     

    Well addicted to Forex. I think there are many like you in the business :rofl: Anyway, i wish you luck and hope you can earn a lot of money in the Forex Industry. Not many have been able to achieve success but if you are well prepared then am pretty sure you will be able to see that success. Good luck!!

  7. Posted

    Definitely mate. If you are open an account with a broker am sure they will have to charge you but exactly how much, i really do not know. Well, this also depends with which broker you are trading Forex. Normally, they do charge their interest and it may depends on how much you have win in the market. However, the best thing i presume is to trade max on demo account as you will be able to know whether the broker is reliable or not!!

  9. Posted

    Can you share this info with the forum??

     

    Here are the tips that i have shared with Shawn. I hope that it can help you also and if ever you have any question, do not hesitate to ask. Good luck

     

    Trade pairs, not currencies — Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one.

     

    Knowledge is Power — When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments.

     

    The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility.

     

    Unambitious trading — Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones.

     

    Over-cautious trading — Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade.

     

    Independence — If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things:

     

    Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period);

     

    Seek advice from too many sources — multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome — by yourself, for yourself.

     

    Tiny margins — Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.

  10. Posted

    since there are many of them, it is easier to find a good one by eliminating the dangerous ones.

    for example if a broker is offering me 400:1 leverage, i simply don't open an account with them...

    if they use imaginary "real people" on their advertisement, i just run away them :rofl:

     

    This is important as we should know with whom we are trading. As when we invest our money, we always have our mind on it and we must trust our broker also. Well i think reliable and flexible broker will be most welcome and indeed we should make sure we are not trading with Robots!!

  11. Posted

    Stress is good. It makes you perform better. You just have to care to release stress every day. Otherwise it can get brutal.

     

    Stress can't be good for someone in Forex. How can you say this?? am still wondering. Maybe this can be helpful to you but as far for myself i prefer to trade stress-less!! :doh: Anyway good luck with your release stress everyday :rofl:

  12. Posted

    Stress is something that we will always have for sometime but i do not think that stress can last forever. Example; when you go for an interview and you know that this is very important you'll definitely get stress but as soon that you get the jobs and you become more familiar with things then am sure that your stress will just disappeared. In forex as well it is quite the same as at the first time you will see that you stress and then after sometime you will be more at ease with things.

  13. Posted

    I also would like to recommend BabyPips school since it contains tons of useful information. Almost all my friends and colleagues started trading with that school.

     

    Ya indeed, you make me remember my first days when i started learning Forex. Babypips was one of my first site where i started learning and i was very happy learning there as it provides very simple examples.

  14. Posted

    a plan without a backup plan is not a valid plan!

     

    you should always have a good reason to enter a trade and you should always have a good reason to exit (either to take profit or cut losses)

     

    Thanks, this has somehow boosted me concerning my back up plan. I do agree with what you said as there is nor plan with backup plan. We can see that always people do have Plan A and if that fails then they go to Plan B. We should consider planning like this and am sure we will be always in the safe side!

  17. Posted

    Oddly, I don't get a sense of deliberate single minded focus in your tone that I would expect from "difficult". I DO however get a sense of uncertainty from you, as well as the obvious frustration... which leads me to conclude that really your in one of just 3 possible situations:

     

    1. You don't really have a good understanding of what support and resistance levels are very likely to hold, and which ones are likely to just break away once the market touches them. If this is your situation, I would suggest you check out No Brainer Trades - Trading Forex and Other Markets Using Globally Identifiable Actions - Look around, and you'll find some great articles about support and resistance, and what to factor in when determining if a level is probably going to hold, or if it's probably going to give away and have price rip right through it.

     

    2. You have allowed yourself to become very emotionally charged up during a recent trade (or series of recent trades) to the point where you went both long and short probably many times at the same level and around the same period of time.... and with each time you changed your mind, you felt more out of control, and more discouraged about your trading abilities. If this is the case, I suggest giving yourself some rules to follow regarding order entry, and executions. Even if you change your rules every single day...this could still be workable as long as you've considered how much your rules allow you to risk, and that you will be able and willing to follow your rules that trading day. Over time, with experience, you will find a better way to determine what parameters and risk amounts you are "comfortable with"...but until you have the experience to do so... your going to need to start with some hard rules on a daily basis.

     

    3. You've probably lost a lot of money (or at least what felt like a lot of money to you).... and this further compounded the hopeless and/or disappointing feeling you experinced when you were totally confused and frustrated by the markets price action. If this is the case, you need to STOP TRADING WITH REAL MONEY RIGHT NOW. That is a pressure that can literally drive some to suicide, and you are clearly not anywhere close to being prepared to handle the additional pressures of real money. Nor does it sound like you have a significant edge at the momenth... though it seems you have some basic understanding of price action, and S/R...so you wlll likely get there if you want it bad enough. But until you can papertrade with some real, sustained success (probably at least a few months....ideally 6 months or more)... than trading with real money is only going to intensify your emotions...especially the bad emotions.

     

    Take away the money, and this will take away much of the emotion. It will put you in a place where you can keep a relaxed, open mind, which is what you need most of all now as you try to learn how to read the markets, and profit from the opportunities that arise.

     

    Good luck. You'll need it, and a whole lot more... but if you really want this, it's very possible for many people.

     

    FTX

     

    Am pretty sure you know how to forecast people rather than trading!! I have stated in 3 lines what i think about forecasting and you have given in i do not how many paragraphs my biography which am sure is completely wrong and senseless :haha: I really do not know where you come from mate but am sure you might be mad :rofl:

  18. Posted

    Somehow I stumbled across this - Interdealer broker: 'I'm one of those shouting guys on a trading floor' | Joris Luyendijk | Comment is free | guardian.co.uk - absolutely no precise practical value, but interesting nonetheless . . .

     

    BlueHorseshoe

     

    Thanks a lot for sharing this with us. It is indeed very useful and am sure many can learn from it. I would encourage everyone to atleast read it once and see how this can have a rapid effect!!

  19. Posted

    people are ready to give millions just to see a few seconds ahead...

     

    Even though we give millions we will not be able to see a few seconds ahead.. We have to anticipate and try to forecast the market. We should have a good knowledge about high/low resistance. But still it would be difficult. :)

  20. Posted

    I think one of the most neglected areas of trading is the professionalism to plan, prepare and focus on trading. Psychological issues I would agree need to be dealt with and not ignored however, they are much more likely to impact upon performance when there is ambiguity about what the trader is trying to achieve.

     

    Ya that true as trading demands plan, strategies and also concentration. We should know that it is not an easy market and it really needs load of hardwork to achieve success.

  21. Posted

    When it comes to trading, one of the most neglected subjects are those dealing with trading psychology. Most traders spend days, months and even years trying to find the right system. But having a system is just part of the game. Don't get us wrong, it is very important to have a system that perfectly suits the trader, but it is as important as having a money management plan, or to understand all psychology barriers that may affect the trader decisions and other issues. In order to succeed in this business, there must be equilibrium between all important aspects of trading.

  23. Posted

    Foreign exchange is an opportunity to make a fortune and in same time it is an opportunity to loose our money, we can make a fortune if we knew how to handle Forex, if we don't know how to control Forex it will destroy us, so we must be stronger than it, and if we don't know how to control it with our own hands it will destroy us too. So how I can be stronger than this ferocious beast? It is simply by learning, observing, and practicing.

  25. Posted

    Mate its still Thursday. According to me I prefer to trade full time on Friday because its last day :)

     

    Seems that this the day when you wake up you say to yourself that am gonna get all the money i lost during the last 4 days :rofl: Maybe this is why you trade full day :haha:

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