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Old 22-09-2005, 17:09   #38
awcapital
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Re: Is anyone making money trading forex?

My experience has been NOT to look for the "holy grail" system (incidentally there's the holy grail indicator ). Rather, one must have a good risk management strategy. Its all about capital preservation. Always put stop losses and limit orders for full or part profit takings. Put simple risk management strategy such as only risking 2-3% of float at a time, never have more than 4 (or whatever number) trades open at the same time and go back to paper trading once you have x amount of losses in a row. And etc, etc. Then, you can make lots of money on a consistent basis.
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