The Best Way on Forex

[SoundFX]

always question everything...even what's considered essential advice (such as using stops). Before blindly accepting a "pillar" of successful trading question why it may or may not be important to you.

[ajhardesty]

Hi everyone

I don't often recommend FOREX books because most of them just aren't that good. But here is one that just hit the book stores is one of the best I have read:

"Day Trading the Currency Market" by Kathy Lien (Wiley 2006)

Ms. Lien is a successful professional currency trader who worked for JPMorgan Chase is now the chief currency strategist at FXCM.

The great thing about this book is she covers both technical (including several of her own strategies) fundamental analysis with lots of practical examples. Plus a chapter with good historic economic insight into each of the major currencies.

Enjoy.

BTW I have no affiliation with the author or the publisher just a reader who was pleasantly surprised to find an above average book on FOREX.

[keniadeniyi]

Mishak

I traded today i lost at every turn. Hard luck. I will appreciate your telling me where I can learn how to program backtest. I am new at fx trading been doing demo for over six months still losins.

keniadeniyi

[popoola]

Keniadeniyi


Hang in there. Thank God its only a demo. Can you elaborate on your trding style technique?

[keniadeniyi]

"Keniadeniyi

Hang in there. Thank God its only a demo. Can you elaborate on your trding style technique?"

Thanks Popoola i am testing ways of trading. Currently I am trading 30 mins time frame using as main indicators adx stochastis macd sniper moving average5 20 100(as resistance) 200(as support). I use 15 mins to know the movement ahead of the 30 mins one hour to check. Because most of the indicators are lagging I use now us index as a leading indicator.

I like to trade the British the America markets using any currency p/s that i can make pips . I would like to trade long term as that seems to suit my person but it seems very risky for a beginner.

keniadeniyi

[mrbrint]

The best way to be profitable in forex is to make money just like anything else Iguess knowing what yoor doing is good too

[Bellatrix]

Why do you need to "reinvent the wheel" when others are making 20 pips a day on a consistant basis.

[weissdawg]

I prefer using Elliot Wave Analysis to trade the EURUSD USDCAD. It takes time to become proficient at seeing the patterns using good money management but in the end it is well worth it.