Hi Everyone,
I have been trading on and off since the year 2000, blew my (small) spread betting account many times, improving in the process but still lost, until 2008 where I finally was trained on few things by the more experienced, I learned for example that it's impossible to trade on a daily report, and I have to focus on other data...
I last blew a small 2000 Euro acc in 2008, after I expanded my education I have never traded with real money to this day, but considering market timing techniques, and simulated trading tests, I do believe that winning consistantly IS posible, and more specifically I have found :
1) Scalping forex using a special technique -no stops used, is very profitable. Believe it or not stops will only get you into trouble, and there's no enough time to place them anyway, the technique has yielded 40 winners in a row, overall 70 winner trades,one loser, and 4 winning trades that had to use stops and limits on and leave open tll next day.
2) Swing trading the forex market, or trading on daily reports doesn't work in the long term
m best indicators are often in conflict, such as analysis on $ and stocks, does not agree with the current correlation, hence proving that the forex market will just do its own thing.
I can still predict the $ 90% accurately for the looong term, but not use for day to day trading.
3) I have found that Binary options and stock Options do offer the 'impossible', under careful planning you can actually achieve asymmetrical RR or hedging , not possible in any futures market.
Take my word, and stop chasing the daily reports, the probability of predicting right seems to be 50%, but that is an illusion, actual probability of success is only 12.5%, forex sites HAVE to throw in daily stories for the purpose of fresh content and SEO, and ranking high on google, but it's USELESS for trading.
None of the profitable tecniques I have found uses NEWS or REPORTS! 11 years now