Forex questions

can anybody explain to me, or tell me in a few paragraphs however long it takes, how you pick your trades and why? I'm looking for specifics, so if you can tell me which pairs, what conditions, time frames, under which you take your trades I would appreciate it.

Thank you so much

semagabo said:

can anybody explain to me, or tell me in a few paragraphs however long it takes, how you pick your trades and why? I'm looking for specifics, so if you can tell me which pairs, what conditions, time frames, under which you take your trades I would appreciate it.

Thank you so much

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You're looking for specifics? Good. There are a significant number of posts on this site that will give you more specifics than you can handle. My suggestion is that you expend some effort in reading these posts rather than just expect it to be delivered to you nicely packaged.

You could try the journal section. Plenty to check out there.

Specifics without the experience under real fire conditions often does not help that much.

For example: I trade EUR/USD support/resistance bounces using 1 minute chart as the entry time-frame most of the time with the stop-loss of 6 pips max.

This is one of the setups I really trade.

But did it just make you a master of this setup?

Specifics?

- Open a demo account, throw a load of indicators on your chart, trade, make some money

- Open a live account with your new found trading wisdom, lose all your money

- Re-invest, lose all your money again

- Go back to a demo account, read a load of trading books, hang around forums to learn all you can

- Open a live account again with all your knowledge of the markets, lose all your money... again

- Go back to a demo account and learn to really trade, properly, with everything you know, stop hanging around in forums where everything clouds your mind and just use the skills you have learnt over the past 3- 4 YEARS

- Open a live account again and trade with skill, patience, a good all round awareness of the markets and why they do what they do, make some money, slowly build an account

- Come back to forums and make **** posts like this one :cheesy:

There is no substitution for experience. Learn and learn and learn..........There are no free rides in life...........

JahDave said:

There is no substitution for experience. Learn and learn and learn..........There are no free rides in life...........

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I dunno, Avril one of the receptionists at my place is pretty easy, tell her she has a nice smile and she'll probably give you free ride.

sang froid said:

i dunno, avril one of the receptionists at my place is pretty easy, tell her she has a nice smile and she'll probably give you free ride.

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lol...