After practicing for 7 years, i realized that buying foreign exchange for the purpose of forex trading is prohibited for resident Indians. But realized that the learning and exploring i undertook over these 7 years have given me an insight completely different from the one i had when i started. The standard tools and their set up available in the public domain is either inaccurate or inconsistent. A combination of Fibonacci retracements, Zig zag and moving averages exposed the step by step of progress of a trend along with the potential start and end of trends. No single indicator, standard or modified would work but a combination of these three indicators works perfectly in following the price trends.
Obviously, at the beginning, the awareness on price obedience was based on hind sight, but with practice, resulted in early entry and exit in to trends. The market is surrounded by popular beliefs and myths that were completely shattered when i watched the price movements through this modified set up of indicators. Currently, offering this trade set up, checklist and trading strategy as a course on technical analysis for trading.
Typically, forex trading is seen as a quick buck tool to be an instant millionaire. This approach has destroyed the reputation of people and industry. The market is bombarded with misleading information by the seconds and minutes with traders glued to screens in the hope of minting money by the second. But the market makers seem to be moving the prices on a larger time scale of years and decades, beyond our short memories and long term perseverance. My trade set up helped me to see the bigger picture of the market which was like learning the alphabets and grammar of a language.
You cannot learn forex by reading, listening or watching. Observing the market price movements through the filter of my trade set up, can speed up the learning process. It has worked in every type of financial instrument from forex, metals and stock market. More you practice, the more successful you will be. Exactly the reason why you get demo accounts to practice before going live.
Practice, Patience and Persistence will result in Profits. There is a fine line between ambition and greed. As long as you do not cross that line, you will do well for yourself and others.
Obviously, at the beginning, the awareness on price obedience was based on hind sight, but with practice, resulted in early entry and exit in to trends. The market is surrounded by popular beliefs and myths that were completely shattered when i watched the price movements through this modified set up of indicators. Currently, offering this trade set up, checklist and trading strategy as a course on technical analysis for trading.
Typically, forex trading is seen as a quick buck tool to be an instant millionaire. This approach has destroyed the reputation of people and industry. The market is bombarded with misleading information by the seconds and minutes with traders glued to screens in the hope of minting money by the second. But the market makers seem to be moving the prices on a larger time scale of years and decades, beyond our short memories and long term perseverance. My trade set up helped me to see the bigger picture of the market which was like learning the alphabets and grammar of a language.
You cannot learn forex by reading, listening or watching. Observing the market price movements through the filter of my trade set up, can speed up the learning process. It has worked in every type of financial instrument from forex, metals and stock market. More you practice, the more successful you will be. Exactly the reason why you get demo accounts to practice before going live.
Practice, Patience and Persistence will result in Profits. There is a fine line between ambition and greed. As long as you do not cross that line, you will do well for yourself and others.
