[Jusco]

jtb790

Thanks for the encouragement, sounds like you may have also 'been there' once. I am reluctant to throw in the towel as I know there are huge profits that can be made (for those who have mastered it) Besides the fact that I have spent a fairly large amount of money over the past 2 years, I also enjoy the idea of being able to 'generate income' anytime, anywhere, sort of thing. I have never been a 9 to 5 person and prefer putting in a little extra.

I started off by doing a forex course, buying books and then started following a signal service - eventually cost me and have since realised that one has to develop ones own system and so I have been scratching around with fibs, ma, 5min, 1h, 4 hr, day charts etc.

When I backtest say with a ma crossover, the profits may look good, but the more I look, I see that there are a lot of losses, so I look at another ma cross and then maybe look at bgs cross, but then she may enter a trade that is nowhere near her cross, which just confuses me even more, so I look at another......
Not good, but thats where I'm at right now. Must be quite amusing to those in the know. lol


Croesus

I think I was rattled a little by the losses from following the signal service. So maybe too cautious ?

I don't have a system at all- keep chopping and changing.
I know that one must stick with a system and be disciplined, but I haven't worked out one yet that makes consistant profits.
Even 100 pips a month, consistantly, would make a huge difference.


7aye
Thank you, I will study those threads.


Amigo

Yes I am rather frustrated as the time has come to start generating profit for survival lol
Thanks for the advice of using a journal.


Thanks again guys, much appreciated,

Jusco