Hi Big Mac,
Thanks for the reply, it will help a lot.
It might sound funny but during my "training" no reference was made to "market cycle concept" or "system based methodology". If you can't explain that briefly on the forum, can you recommend some literature on that please (via forum or my email).
In my country there are limited access to "good training". After completing my "basic training" I came home and could not even decide how to identify a possible successful trade, even though companies promise in their marketing that they will just do that.
A lot of "trainers" tell you about the history, development, development of trends, etc of forex, decisions on where to place stops to limit losses, but does not necessarily get into the details of how to successfully identify a trade. They provide you with pages of analyses of primary, secondary and current trends (and in their organisations they differ about the definition of this - how confusing for novice traders?) but not how to calculate support, resistance and pivot points, use indicators and mva's successfully in identifying trades. This I learnt by surfing the web and reading the stuff you guys post on this forum and asking questions about these aspects on the forum. If I knew about this forum 3 -4 months ago I believe I would have been in a much better position than now.
Its a blessing that I am not illiterate and always looking to increase my knowledge - this I am very thankful for - otherwise I would have dumped this as a bad job a while ago.
Thanks again to you guys for not being selfish and sharing your ideas with novice traders like me.
Danie
