22-03-2006, 11:19
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#5
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level 1
Join Date: Nov 2004
Posts: 55
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Re: Give up on Forex
Excellant and practical advice!! Basenji
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Originally Posted by SoundFX
1 year is nothing in trading. If you don't have the dedication to trade for years and years and endure hard times while learning, then this may not be for you. But if losing irritates you enough, and if the prospect of winning drives you enough, you will eventually become adept at it through self-correction, determination, and will-power.
Try something SIMPLE...like trendline breaks and creative use of MAs. You will be schocked at well you can do simply with trendlines and proper money management. This game isn't as hard as folks make it out to be. And IMHO, fundamentals are useless to the everyday trader, aside fom knowing WHEN the major announcements are so you can either stand aside or position yourself properly.
And for God's sake, use a demo account until you are consistently profitable with it. There's no reason to trade a live account until you are proficient on demo. Why would you waste your money (like I did  )??
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