forex trading method????.?

Question

i am a rookie.. i started to research this crap 3 days ago but in short
1:40 leverage
using the pivot system s1,s2,p,r1,r2 with the macd and EMA 9,18
my question is this

is my method of using a one hr and 5min chart sufficiant??

if so and you are familiar w/ what i am doing

could ya give me a few pointers???

i am going to start a real account with 200 cash i know it is not much but in my practice acount of 100k i am only wagering $200 dolla at any given moment so far by using $200 i gained 4 dolla in 3 days is that good??? who cares about dollers i know 4 dolla is crap but is the % decent???

thanks 4 any help

Answer 1

Save your $200 and trade the simulator for free, until you have enough data to see a trend. Three days is squat, meaningless.

You should trade the simulator for at least six months while you learn. Don't get in a hurry to lose money. When you begin to make "virtual" money, then you can open a live account and risk your own.

There are literally thousands of indicators. You have to decide what works for you, and it will take you years to try them all.

Try instead to decide your time frame, and your risk level, and learn good money management techniques, then maybe you'll stick around awhile.

Or just jump right in there and blow your $200, then come back here and blast us all for how risky Forex is and how it can't be done and what a SCAM it is.

Here's the Forex simulator game called PriceMotion
http://www.expertworx.com/pm/Forex%20Market%20Educational%20Game.htm

http://www.tradingeducation.com/forex_trading_primer.asp

There are also great resources for Forex at Investopedia.com
Here are some others

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com

Answer 2

Sorry but forget about percentage. Unless you are just going to do a big one and never trade again for the rest of your life. What i mean is this, if you make a trade a day, 1 yr you will be making maybe 200 something trades. If you trade 2 a day. You are going to trade 400times. Let me ask this, How long are you going to last with $200. With a loss or stop loss of say $20, 10 times and you are out. So there are 2 ratios that you must improve. One more important than the other. 1. Win/Loss [trades] 2. Win/Loss [$$$$]. Win/Loss [$$$$] is more important. You can lose more times but if you win $$$ more , you will still come out positive. Win/Loss is about Money Management. That is more critical than trading techniques which people tend to over rate.
So trade with the big picture in mind, 400 trades a year. At what ratio do you need to make decent money ? And what do you need to make that ratio ?
Learn more and demo more. Before you sink in money. Becasue before you know it its $200 here, $200 there, and in time its a $2000 loss if not $20,000. There is fine line between trading and gambling.
For more help @ http://www.geocities.com/lcming/Forexbooks

Answer 3

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 4

In this article we are going to take a look at the several different ways in which it is hoped that you will be able to make money trading Binary Options online https://tr.im/BinaryOptionsStrategies
there is no secret formula to making profits consistently when trading any kind of Binary Options, by having a well throughout strategy in place you may find yourself making plenty of profitable trades.

Answer 5

Well
On this site you find all the details about my favourite binary trading software http://www.goobypls.com/r/rd.asp?gid=551


I like it because it's very easy to use: NO complex charts? NO baffling analysis...
NO complicated methods... in fact nothing to learn at all! Check the site... (the proof videos are interesting)

Answer 6

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http://investing.sitesled.com/

Good Luck and Best Wishes!

Answer 7

A fool and his money soon find a way to part !