vani

Just like to add one more, if I may:

 

Clean up your charts. Too many indicators will drive you crazy.

 

After 5 years of trading, I've come back to the basic, HH HL, HL, LL and trend lines. I've also appreciate people telling me to learn candle stick and price action.

 

I agree with you on this one, in my case my best way of knowing if an indicator is working is to see it being used to trade live .Makemoneycurrencytrading dot co dot uk is a good resource as they run a live portfolio based on their indicators. So you can actually see if it is making money.

Likewise Blogs/forums like this one are usually good resources too.

Those are good points to remember and perhaps use! However those two concepts are too broad for me to understand and I prefer a forex trading strategy where you are not in front of a computer all day waiting for trades to happen. It can be like watching paint dry. I also find that it is harder to keep your emotions in check when you do this. The most important thing when currency trading is to take the emotion out of it. Otherwise you won’t make any money trading. I prefer an end of day trading strategy as I place my trades at night and forget about it till next night at same time. A company I have found good for this is makemoneycurrencytrading dot co dot uk as I can usually place the trades based on their strategy in 15-30 mins. I work full time and have a family so I can’t spend all day at screen nor would I want to.

Hello everyone

 

for people looking to learn more about forex trading there is a special FREE 5 day forex course on offer from forexrepublic dot info starting from Monday 21st of June.

 

You can either sign up for one of the days or all of the days. This will be a hugely informative course. This course is designed by traders, for traders. There is no get rich quick scheme but during the week you will learn everything you need to know to become a successful currency trader. Hope that helps some of the traders on here.

 

Topics covered are as follows:

 

Day 1 Types Of Analysis, Types Of Charts

Mon, Jun 21, 2010 (9:00pm - 10:00pm GMT)

 

Day 2 Candlesticks And Trends, Moving Averages

Tue, Jun 22, 2010 (9:00pm - 10:00pm GMT )

 

Day 3 Support And Resistance, Pivot Points

Thu, Jun 24, 2010 (9:00pm - 10:00pm GMT)

 

Day 4 Putting It All Together

Mon, Jun 28, 2010 (9:00pm - 10:00pm GMT )

 

Day 5 The Swing Strategy Trading Plan

Tue, Jun 29, 2010 (9:00pm - 10:00pm GMT )

Now I am trading for about 4-5 months. I started to trade with EA-s but they are all total crap except one or two. I will start to trade with real money approximately at the beginning of June. Can somebody suggest me some systems that might help me. I am now using Black Dog MTF III and DDFX with consistent results. I am searching for systems that are working on lower time frames.

 

There are lots of good resources out there to help. One of the best I have some across is makemoneycurrencytrading dot co dot uk as they run free webinars and training. They also send free daily reports. They will train you in their strategies for free. And they run a live portfolio so you can actually see if their strategies are making profit live. They send out a daily email each day with the trades.