beginner needs advice

[fish210]

looking for
1. advice on trading systems that may assist me in starting out and,

2. input on "truetrend"

 

[pttrader]

In my opinion you need at least 3 things to be successful in short-term trading:

1) Capitol to trade with.

2. A good system that has at least 60% to 70% win rate.

3) The discipline to follow the system

 

[sidinuk]

Pttrader you mention that you need at least 60% to 70% win rate to be successful but what about the win/loss ratio? Quoting one without the other is completely meaningless.

 

[neil]

Are you selling something called "truetrend" or talking about trend lines?

 

[pttrader]

Pttrader you mention that you need at least 60% to 70% win rate to be successful but what about the win/loss ratio? Quoting one without the other is completely meaningless.

Of course. Your wins must total more than your losses or any win ratio means nothing. You could theoretically have 99% wins and 1 loss that would completly wipe out all your gains. I didn't specifically address the win/loss factor because I was speaking in very general terms and consider that factor to be under discipline (cut your losses) and I did mention that.

 

[neil]

http://www.elitetrader.com/vb/searc...d=444662&sortby=lastpost&sortorder=descending

Truetrend ?

 

[Mandy]

Details on forex trading systems and related issues can be found at www.currencypro.co.za .

 

[neil]

It's all at T2W

Details on forex trading systems and related issues can be found at www.currencypro.co.za .

And here for free systems and forex dealers, and smaller opening accounts, and Mini Trading accounts:

http://www.trade2win.co.uk/boards/forumdisplay.php?f=54