Beginner Forex Trader

Mps721 · Sep 1, 2011

Ok so I am new to forex and trading currency and I would like to trade for income. Since I am only 19 years on my parents pay for everything therefore Im not looking to get rich overnight, just looking for a good strategy that will make me 50-100$ a day. Some ppl say that trading for income is not possible but idk. People also tell me that scalping doesnt work either. Can somebody please help me and throw me some advice.

PS: Im not interested in buying somebody's system, im on a low budget as it is so do not pitch me anything about buying a system.

Skype: Mps72192
Email: [email protected]

forexkunta · Sep 4, 2011

WOW, you are about to get hammered!!!!! Start working on your discipline. That is the #1 thing you have to get under control. If you dont have discipline, you can be given the most profitable system in the world, and lose money.

forexkunta · Sep 4, 2011

Then go here, and see post #8, and then go to the Three Ducks system on this forum.
http://www.trade2win.com/boards/for...rately-seeking-good-daily-trading-system.html
You should be able to devise a good system from these two resources. And your journey begins.....
My sincere advise at this time is to leave forex alone, if you have no resources. This is not a poor mans gig. It will take you thousands to get profitable in these markets and will take you years! And it will all come down to discipline!

NVP · Sep 5, 2011

Mps721 said:
Ok so I am new to forex and trading currency and I would like to trade for income. Since I am only 19 years on my parents pay for everything therefore Im not looking to get rich overnight, just looking for a good strategy that will make me 50-100$ a day. Some ppl say that trading for income is not possible but idk. People also tell me that scalping doesnt work either. Can somebody please help me and throw me some advice.

PS: Im not interested in buying somebody's system, im on a low budget as it is so do not pitch me anything about buying a system.

Skype: Mps72192
Email: [email protected]

hey Dude

spend the next 6 months on the Big Forums looking at all the threads that have a big big following ......

then learn what they do (if Free) and dont pay for anything until you are confident it will work for you

then sit down and see if any systems work for you and your own Trading Personality

if you dont have all the answers do it all again

N

ash2w · Sep 5, 2011

hey mps.

try babypips.com and click on the shool tab its free and very good. but keep to this fourm!

let me know if that helps you

t2wfx · Sep 5, 2011

Trading for income is absolutely possible. And just lurk around forums to learn a lot of these stuffs. Taking your time would mean you will learn pretty much a lot.

Beginner Forex Trader

Mps721

Junior member

forexkunta

Established member

forexkunta

Established member

NVP

Guest Author

ash2w

Junior member

t2wfx

Active member

Similar threads