[Meister_Propper]

Hi folks,

my name is Alex and I began trading currencies over 5 years ago. The first time trading was a complete failure, I remember that I lost all my money and blew different accounts - I was about to quit trading, but I couldn't - I felt if I quit now maybe I am missing the chance of having my own business. So I stopped trading and began observing, studying, analyzing the market and practicing with demo accounts.

Observing means I began observing the market - what causes movement, reaction, ranging and trading. I began working with technical and fundamental analysis; how each analysis can predict and redirect the market and how I can use them both for my own benefit. Reading is a very important point, too: I bought Forex Trading Books and read them, e.g. books explaining different strategies and tactics used by experienced traders. I read every thread of different forums, watched thousands of videos and listened to so many great traders. For practicing I created free accounts and began trading virtually and each technique I invented I tried it and monitored its performance and validity. I bought a lot of systems, indicators, robots etc. but nothing worked for me in a satisfactory manner.

After 1 1/2 years of studies, analysis and practicing trading techniques and after many failure and frustration I luckily met an older guy in a forum who explained me everything about forex. He was trading for over 20 years. I listened, listenend and listened to him talking about his experiences with forex etc. - In that time I learned a lot because you´ll get more infos of an old veteran than of a trading book... My thanks go to him – thank you very much for your efforts and the patience with me, Taufik! Unfortunately he´s now a retired trader. But with his help I created and reached my own strategy and it is working very well and each month my profit is positive with low-risk (about 10-20 % per month). But it´s your decision how you want to trade... Last year I tripled two accounts for 2 friends of me but that was made with higher risk.

Five of hundred traders succeed in this business - what differentiate those five successful from the 95 others is one thing, it is the hard work. Forex trading is not an easy business, and who tells you that he can make you rich in one night is one of those 95. Only one thing can make you a successful trader, hard work, and nothing else. Have confidence on yourself!
What is important: Don't begin trading quickly, the forex market will not go anywhere, it will stay forever, give yourself 6 to 12 months of studies, analysis, readings, practice before begin real trading, it will take a lot of time and dedication but at the end you will reach your target.

My strategy follows the following tips and techniques:

1 — Discipline: Put criteria for your trades, watch the market and only trade when criteria are met, if they are not met do not trade. And don´t get greedy! - One of the most important rules...

2 — Money management: It's the main key for good trading, I exit all trades and stop trading for a specific day if I lost -80 pips. A trailing EA manages for me every trade after opening a position.

3 — No trades for now: The most important thing in trading is sometime not to trade, I take this decision after looking to my charts and see that there is not enough volatility or there is no enough reports will be released for today and it is better to wait until market is more volatile.

4 — Analysis: I use fundamental and technical analysis while trading. Fundamental defines the trend of the market and the technical analysis is used after the definition of the trend. Fundamental and technical analysis must be used together, if one is used without the other this will lead to failure.

5 — Technical indicators: In the forex market there are a lot of indicators which are used by many traders. I use e.g. ADX and RSI to identify an over bought or sold and Moving Average to identify a signal. And the most important technique is Fibonacci - I advise traders to implement this technique and use it to confirm trades.

I must say that Forex is not easy, and many times we feel that someone is doing a conspiracy on us to take our money, but the truth is nothing is impossible, and others successful traders are not more intelligent than us and they are not genius from other planet - the fact is the more you work the more you become closer to become a good trader. Do not quit quickly because this business deserves hard work and dedication.

To cut a long story short I finally decided to sell my renko system in a limited edition and share some of my knowledge which I got over the years of trading. So if you´re interested let me know. The price for the system will be 500 euros – yes, that sounds much, I know – But you should have in mind how many time, freetime, weekends, sleepless nights etc. was/were needed to create and test such a system. In the future I´ll sell signals, too. For more information please contact me!

Enjoy the day and may the pips be with you! :)