The learning cycle for a newbie trader - PART 2

[ArnieConan]

No one beats the learning curve.

[clifton]

"Money management is key to developing consistent returns."
how true!!! if your not guessing the market how do you place your trades?? It would be great if you could add to that.
I dont doubt there is no beating the larning curve but i would like to take it as fast as i could

Thanks guys for all the input

[Rocko1]

An exceptionally well developed strategy would allow for larger risks per trade to maximize profit. Look up Kelly's Formula

[realize]

Those are some very good points soul trader.

Thank you.

I was wondering if anyone HAS a way to predict price movement, which ones are the most accurate? Hilda? is that some form or trend following? Is that the concensus here? Watch trends & figure out how to get out?

12 year olds can be very smart you know! I take it I can substitute "daughter" for "son" in your above comment? No?

Thanks

[pitstopped]

SoulTrader,

Your system seems to say the movement of the Forex markets are not random, but move in repetitive cycles, caused by the emotions of investors. Since these imotions are usually similar the cycles are usually similar and repeated, they therefore can be formulized by mathamatics.

This sounds a lot like the Elliot Wave system. Have you traded using this system as a basic starting point, and if so what were your conclusions of this system, and what did you change or add to it to help you select when to place orders?

Thanks' I am a newbi.