Results 1 to 1 of 1
  1. #1
    Standard Member Array
    Join Date
    Apr 2011
    Thanked 2 Times in 1 Post

    Newbies out there are actually very lucky

    Newbies out there are actually very lucky. They have not yet been poisoned with hopes of magical indicators to tell you what to do. This allows them to look at the markets with a fresh set of eyes and I would like to share with you all that you will ever need to know to be a successful trader, newbie or not.

    Forex has been my main job for the past 3+ years, I had my ups and downs in the beginning and I wasted A LOT of time looking for 'something better'. It's just human nature and psychology that end up being what makes trading difficult for most people. Trading itself, it turned out, is very simple.

    I will list here all you will ever need to learn and you need to trust me.
    I speak from experience and I want to share my way how you become a successfully trader.

    1. Support/Resistance (Also know as Supply/Demand)

    2. Trend Lines (Drawing these is an art)

    3. Candlesticks (valuable information in picture format)

    4. Risk/Reward (The art of never risking more than you are trying to gain)

    5. Money Management (don't be greedy)

    These 5 items will make you as much money as you want but only if you allow 1 thing not to get in your way. That thing is of course your very own brain, you will be your worst enemy. Understand that you will NOT win every trade, it is NOT possible and it will NEVER happen. Accept loss as part of your success because with correct Money Management and Risk/Reward loss will not effect you.

    I wish you all the success in the world

  2. The Following 2 Users Say Thank You to phpower8 For This Useful Post:

Similar Threads

  1. Chuck Low - Forex Trading for Newbies
    By Ajata in forum Forex Clips and Movie Tutorial
    Replies: 7
    Last Post: 05-24-2013, 01:00 AM
  2. Building a collection advices for newbies in Forex Trading
    By tommy0921 in forum Forex Beginners Discussion
    Replies: 23
    Last Post: 03-17-2012, 04:53 PM
  3. Free Systems for Newbies to Masterns
    By blauhund2003 in forum Trading Systems and Strategies
    Replies: 6
    Last Post: 03-24-2011, 02:47 PM
  4. Lucky-Candle
    By mtx_69 in forum MetaTrader Expert Advisors
    Replies: 8
    Last Post: 07-13-2010, 04:52 AM
  5. EA: My Lucky Pro version 4 & 5
    By nga_cheng in forum MetaTrader Expert Advisors
    Replies: 90
    Last Post: 05-26-2009, 06:02 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts