Is it me ?

mclhrr

Junior member
24 3
After several forays into the forex markets namely the daily spot cable Im left wondering what you have to do to make a morsel on these markets. I might be wrong and please correct me if I am but I think the only way to profit is by following the herd.

I have looked at myself and I think I must be a contrarian type of speculator I try to guess where the market turns in the hope of making maximum gains from the new trend. This has cost me dearly especially on Friday 20th where I kept going long as the price fell only to see it plummet even further.

I dont believe anyone can predict which way markets are going to go on a daily basis and not being a big reader of books Im sceptical on paying for books which supposedy teach you the way. How can a book tell the future ?

I think I will become one of the herd and just follow everyone else. I thought there would be some skill to forex trading but the way I see it, its just a matter of follow my leader. What skill do you need to do that ?

Mr Grumpy
 
 
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