I totally agree with amarnth it is important to have a simple symstem of your own wit it's idicators and software.you should olso practice trading on the demo account and never to give up.wish you best of luck.
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Another 25 year old with a winning award.. where's the winning award? I've tried many of these... with bad results.
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I have been trading forex for more than 6 months now. My capital was borrowed money. As a novice, I didn't want to make mistakes. So I spent money on 4x Made easy software, Alert services, Charts, datafeed etc. Nothing really worked. Then started trading based on my own instints. That was a disaster. Now I am left with the last 1K.
I promised my wife to at least recover the initital capital and repay the loan. I am holding on to the last 1K left with me. If I loose this remaining capital, that is the end of my trading career. I don't think I can trade my own anymore. I need a simple system that would make a few pips gain every week/month. Can anyone suggest any system/platform/indicator/software that would help to achieve my goal?. I am not greedy, just want to recover the money lost.
Awaiting for the last chance advises from the experienced.
You have to practise a lot with a DEMO-account (ex-liteforex-with who I'm really happy and satisfied), to learn different books about technical and fundamental analysis (at least the books for the bigginer traders), analyze the word economic news and then to do your own stratagy only then you can to start with a real account!