Making Money As A Forex Trader
- Thread starter fxzombie
- Start date
cheezycheez
Junior Member
- May 9, 2009
- 117
- 14
i just wanted to try for maybe $50 
is there a way i can trade with it?
is there a way i can trade with it?i just wanted to try for maybe $50
you can try marketiva, free usd5 for registration and can start from usd 1. At first I try usd5 (free )
and try to make money from it.
fxzombie
Junior Member
- Apr 11, 2011
- 122
- 67
The guy who started the thread.. me
I would love to know whether anyone is successful trading NAKED...No indicators...No EA...ANYONE ?
I've been live trading in the Forex for over 8 years now. I was a scalper and intraday trader, but I lost many times. Now I am a position trader, and I'm making very good money with my account. Chat with me on the fxfatcat, username 'TheMoney'. http://www.fxfatcat.com/
I think scalping is a sure way to get stressed out.
I think scalping is a sure way to get stressed out.
Meta Trader 4 is a good one; I use Alpari UK; they've served me well, although on a few occasions the platform slowed at crucial moments when I needed to close a trade, and lost thousands as a result.
I would love to know whether anyone is successful trading NAKED...No indicators...No EA...ANYONE ?
Yeah, I have looked at charts for probably over 10,000 hours, so I've got used to price movement and how it reacts at certain levels, mainly trend lines and support and resistance.
It's like taking candy from a baby now.
SilverSultan
Regular Member
- Jul 7, 2011
- 293
- 122
I tried to do a Demo account but they keep saying my name and password are wrong, it they should be right
trunkss
Registered Member
- Aug 9, 2010
- 93
- 51
I work in a bank... so financial news is all I read every day..... Forex, Bonds and comodity trends I get correct most of the times........ Stocks I totally screw up all the time.
I honestly believe there is a big drop coming on all major stock markets, both the US and the EU. I see a change to a tighter fiscal policy happening all over the world, everyone is tightening their budgets, their expenses, trying to cut down on leverage....
I thing emerging countries bonds will do very well the next months, most of the comodities too.
I honestly believe there is a big drop coming on all major stock markets, both the US and the EU. I see a change to a tighter fiscal policy happening all over the world, everyone is tightening their budgets, their expenses, trying to cut down on leverage....
I thing emerging countries bonds will do very well the next months, most of the comodities too.
MikeHustle
Power Member
- Mar 1, 2009
- 635
- 241
I would love to know whether anyone is successful trading NAKED...No indicators...No EA...ANYONE ?
Why would this be a shock?
All indicators lag price action!
Seems like a great strategy .. its a 50/50 chance that you hit. In forex, if you win 50% of your trades, you are among the best of teh best. How do you come up on top winning 50% of the time? great bankroll management (READ: don't bet the house) and using a good ratio for TP and SL (ie 3:2).
Nice thread OP, and good advice on risk reward percentages when trading. (i.e. never risk more than 2% of your account on a trade)
Anyone wanting to learn forex trading, a good free place to learn online, is at a site called babypips as mentioned. Studying and learning 'Price Action' and candlestick patterns, will give you the knowledge and the edge. But forex is no get rich quick thing. You will have to put in the time to learn and understand it. Get a demo account, try out some free strategies you can find over at Forex factory and elsewhere, and clock up a few months of screen time watching and reading charts. Don't trade real money until you are consistently profiting for a few months on a free demo account with virtual money. The possibilities are huge. Sound too good to be true? Well, there's no robot that'll do the work for you. You will need to study hard and long for treasure. Try it out as a part time hobby thing and see how you go. Just do not expect to make money straight away, or get rich quick, because you will lose. If you put in the time, like many things, you'll eventually reap the benefits.
Best wishes all.
Anyone wanting to learn forex trading, a good free place to learn online, is at a site called babypips as mentioned. Studying and learning 'Price Action' and candlestick patterns, will give you the knowledge and the edge. But forex is no get rich quick thing. You will have to put in the time to learn and understand it. Get a demo account, try out some free strategies you can find over at Forex factory and elsewhere, and clock up a few months of screen time watching and reading charts. Don't trade real money until you are consistently profiting for a few months on a free demo account with virtual money. The possibilities are huge. Sound too good to be true? Well, there's no robot that'll do the work for you. You will need to study hard and long for treasure. Try it out as a part time hobby thing and see how you go. Just do not expect to make money straight away, or get rich quick, because you will lose. If you put in the time, like many things, you'll eventually reap the benefits.
Best wishes all.
This is my view on forex. I tried it for years. I studied, I tried a lot of strategies but in the end i always failed. Even if you know everything and you have a profitable strategy, very few people are made for trading. It gets emotional very quickly. Greed and panic are very strong emotions which cause trading mistakes.
However I recently found a way to make money with forex without the emotions. Outsource your trades to real traders!!! Really, it is actually pretty cool. Out of thousands of traders you choose the best ones based on their statistics, diversify your portfolio, do good money management and off you go.
I'm well on my way to double my money in 2 or 3 months.
Just go to the platform site and sign up for an account. You can start with a virtual one. It's totally free.
If you want the url and help with setting your account up with successful traders and proper settings, pm me an e-mail address (I can't send pm's). I will gladly help you out. I use 10 or 11 traders which are really good.
However I recently found a way to make money with forex without the emotions. Outsource your trades to real traders!!! Really, it is actually pretty cool. Out of thousands of traders you choose the best ones based on their statistics, diversify your portfolio, do good money management and off you go.
I'm well on my way to double my money in 2 or 3 months.
Just go to the platform site and sign up for an account. You can start with a virtual one. It's totally free.
If you want the url and help with setting your account up with successful traders and proper settings, pm me an e-mail address (I can't send pm's). I will gladly help you out. I use 10 or 11 traders which are really good.
hotleatherdreams
Registered Member
- Mar 29, 2010
- 78
- 18
as a bot writer, i wonder if its feasable to write a bot to study the crap out of whats going on in the market, maybe have a groups thats all watching and inputting, and run it the way the government was supposed to, with a system of checks and balances. If it takes larger amounts of money, maybe a group where everyone kicks up a nominal amount that they can afford to lose if it goes south.
Use the bot for data and trend anaylsis, then maybe start having the bot do the trades using rules set in stone, so that noone can panick and screw the whole thing up. im dying to find a way to use my skills productively, and would be into learning with a few likeminded individuals. run it like a democracy and just see what happens.
[FOREX] Peter Bain - Trade Currencies Like the Big Dogs - I have this in 3 - 715MB avi files (DVD rips i think) with 4 hours of training. Got it of a torr site thats blue and is like if yer addicted to smack. Anyone heard of this guy or no? I dont have the space to up it but will if anyone has a storage unit. I cant seem to get accounts on the usual suspects so if you want it, tell me where to leave it
Use the bot for data and trend anaylsis, then maybe start having the bot do the trades using rules set in stone, so that noone can panick and screw the whole thing up. im dying to find a way to use my skills productively, and would be into learning with a few likeminded individuals. run it like a democracy and just see what happens.
[FOREX] Peter Bain - Trade Currencies Like the Big Dogs - I have this in 3 - 715MB avi files (DVD rips i think) with 4 hours of training. Got it of a torr site thats blue and is like if yer addicted to smack. Anyone heard of this guy or no? I dont have the space to up it but will if anyone has a storage unit. I cant seem to get accounts on the usual suspects so if you want it, tell me where to leave it
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NoirHat
Regular Member
- Feb 4, 2011
- 449
- 216
http://www.currensee.com/ also has trade leaders that trade for you.
Top of the line 4x website
Top of the line 4x website