Giving up on Forex. Any last chance advise?

[foroz]

I did a Search on moneytec on 4xMade easy and came up with many references that you might want to read.

One that was a recent thread was:

http://www.moneytec.com/forums/_showthread/_s-/_threadid-11128

You might be interested to read the link that Mick Mason posted on page 1 of the thread.



Regards

[sirch985]

Fxtrader I'm sorry to hear that news. A bit of advise would be to step back and educate on forex trading and then demo trade to check your strategy. In most trading disclaimers it clearly state that we should not trade with money we cannot afford to lose. . I think a step back to reflect the trades that went against you and obtain a good system with which to trade should be in order if you truly have a desire to trade on. Also a good advisor may be a way to go, trading a mini account would also be suggested. MoneyTec has a wealth of information and fellow traders with which to draw and learn from.

Regards

[4xis2ez]

Hi Fxtrader,
Sorry to hear of your situation. Try demoing this method. Elders Triple Screen system. Link to Triple Screen method
If it works for you go live. Trade only with the dominate trend. Regards, Russell.

[tim_nn]

Originally posted by fxsurfer
stop trading real money right now and get a demo account.

Sorry to sound negative, but IMHO that's the very best and most valuable advice that anyone can give you, fxtrader01. Take it quickly, whatever you do in the longer-term.

[philhackett]

Open an account with Dealbook and ask Wes Newman to be your manger USA 616-956-9273 x3793.
To recover your losses take a trial with www.ablesys.com

Find your local Technical Analysts Society/Association and get trained.

'Trading is Simple; but it isn't Easy'

Phil

[Monkey]

If I were you I would straddle the NFP on Friday, 20 to 30 pips away from the market just before the announcement with a stop and limit already in place. With 1 lot there should not be any problem with slippage etc. Just make sure your stop is in place and please be advised that this is not some what risky, but extremely risky, but on the flipside if it works "Bob is your uncle".

Good luck

[1ahkalg]

FXTrader, I have been trading for a living for 2 years. I did take a course through Concorde Forex Group and have received all the knowledge I needed there. However, one thing I have learned is that no matter what system you use, there is NO absolute safe system out there. You have to continuously educate yourself and be flexible to changing market conditions. Also. I have had the most success with money management. Increase LOT size while maintaing a daily trading goal. For instance, trading 10 pips per day at an avg. of $9 per pip is $1800/mo. As you increase your confidence in the market (and your acct.) increase your lot size. That same trade I just mentioned will pay you $9000/mo. times 5 lots. Start with demo acct. thn open a 'mini' acct. After that go to the standard acct. If you fail to plan then plan to fail. I Hope this gives you the encoragement you need to move forward towards success. Good Luck

[nzbryant]

10 pips a day is easy - but then you have a loss. Wipes out your wins...no? That's what I found.