Rayche

Re: The 5 Phases of a Forex Trader

Great post! Unfortunately, you need a decent amount of capital to be able to tolerate losses before the wins start happening. Also, I would like to know: When do you say enough is enough? There is no guarantee that a string of losses will eventually lead to wins, so I'm still struggling with this one.

Good trading to all.

Re: Are You Femme Traders?

Women have strong "intuition", which is really based on logic when you come down to it. Comes in handy when making trading decisions.

Re: How Long You've Been in Business?

News and broker interference complicate trading.

Re: What criteria to pick wihch currency pair to trade

If you choose currency pairs with high liquidity (trading volumes are high), you will enjoy better files and avoid slippages. There is a saying in trading that " LIQUIDITY is the KING" .

FYI, there are only 9 Pairs in Forex that are considered Liquid and 90% of All Forex trading occur on those 9 Pairs.

EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDCAD, EURJPY, EURGBP, EURCHF

One currency pair that has low liquidity and subject to high slippage is the AUD/NZD.

Hope this helps.

Re: LMT Forex Works Well

I tested it...didn't work too well for me. Too many false signals. Maybe some smoothed indicators to help it along will improve it...but then that defeats the purpose of using the system in the first place. For those that have had good results, did you make any adjustments to make it work or did you just use it straight out of the box? Can you share?