What pair you suggest for newbie? (this questions are also for all of you in this forum). I nee some advice cause g/j is seems very wild to me.
Thanks to all
Forget about GBPJPY. It is not for you.
Focus on these three majors: EURUSD, GBPUSD and USDCHF.
Weekly Review attached.
Looking at those rates it pops up something I said some weeks ago.
We are trading an "artificial" market. This market, FOREX, is a non-regulated one. Therefore, brokers can do whatever they please. Yes, whatever they please.
Can you imagine different prices on Dow Jones according to what platform you use?
It is impossible. So, mates, all your technical stuff on FOREX could make you take a wrong position cause it is based on an artificial rate. A rate, maybe, different than mine and for sure different than the real one.
Please, make yourself a favor, rely on techincal, but never forget what makes a pair move: not an EMA, of course.
It is really amazing how people want to lose their time and money to ruin their lives.
People do not want to understand or accept that FOREX is a non-regulated market.
They have two or three colored fancy indicators plus two or three brand new MA's and they feel Master Money Makers. My God!
Please, make yourself a favor. Try to find a broker to which you could speak.
He will tell you what they think about their business and what they think about you. They are here to win. It is the same when you go to the casino. Yes, technical trading alone is pure gambling. Nothing more; nothing less: gambling.
And the house always win.
Maybe they should try to trade FX on Globex? Maybe, they win, just maybe? But, then again, most people in this forex crowd are different breed of traders.
Well, trading futures with a registered broker gives you a guarantee that you will not find in those bucket shops.
But again, FXCruiser, technical trading alone is pure gambling in this market much more than in others.
Can you share your experience with the forum about you trading since turning pro maybe post a screenshot of some of your trades.
Well, I'm being paid to trade. The account I manage is +13% in two months. It is not bad, I think.
I trade from 50k to 5M. I do not pop up much cause all I had to say about CatFX50 is already said.
I have a few subscribers. Some have left. Others have said that my service is scam. Others love what they get.
I do not need that service for a living. I have it cause I think supports and resistances is the way to go and it is my daily road map. A lot of "pro traders", as you say, are not looking all day long at Ema's nor steps. They are fundamental traders. They trade from 10 to 500m and they do not go for a spike. Their leveraged is ridiculous.
A cross of whatever EMA did not make EURUSD go down from 1,3681 to 1,3263. And more to come as long as that pair keeps below 1,3405.
Yes, I get deeply depressed when I see all those gorgeous technical posts. This happens to me cause I can speak to big brokers and I see what they think and why they are here for.
FOREX is a wild, wild jungle. You will never make money for a living trading small lots. NEVER.
what do you refer to as small lots - how small is small, what is the recommended # of lots. - help us out with your insight my friend.
Hi all, nice thread!
Very good system
Hello, i have some questions, i'm reading the thread carefully, it seems a good system, i just put a image to understand if i understanded well how the system work, please take a look at the image, are the signals in the chart right? In this case, i should do a car (close and reverse) right?
If i understand well, today we has these level-1 and level-4 signals, at first one level1 and level4 sell in the same time, and after 1bar a level1buy, followed by another level4 buy. Please correct me if anything is wrong in the image, tnx
ohh well, this is m15 graph, i know the rules are for 30m tf, just imagine this is a 30m tf :P