View Single Post
Old 27-08-2004, 04:46   #20 (permalink)
elmagd2000
Forex Guru
 
elmagd2000's Avatar
 
Join Date: Dec 2003
Posts: 763
Rep Power: 0
elmagd2000 is an unknown quantity at this point
Stating Facts

IMHO
There are some facts that have to taken into consideration:

- FX market is considered the most difficult tradable market for many reasons known by the most.

- On the other hand, it is the most rewarding in trems of ROI based on certain period.

We experience troubles in Fx because we rapidly jump into the sea with our hardly gained money without a predifined winning startegy. may be based on someone recommended system which fits his style and we adapt it negatively.

So I think if you want to be a successful FX trader you have 2 choices:

- Trust someone's system, test it on demo account then follow it blind.

- the other way which is better IMO is to learn the basics, try many systems on demos and get the best tools till you reach your own self-fitting winner one. It may take a year more or less but, you surely will find it and the rest is easy.

That is my opinion, what do you think?
Hani
elmagd2000 is offline   Reply With Quote