I figured it out. Trading is simple!!!!
Develop a strategy or get one from a guy like Ash and trade it consistently. That's it!!!
The hard part is to do it consistently. The hard part is to watch your stop loss being approached and still letting the trade ride, because maybe it will not be hit and the trade will go on to hit the profit target. The hard part is to not "change your strategy" on a trade that is in progress. |
Take heed guys and girls and don't laugh. This took me 5 years to figure out. :cool:
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Henry, it sure sounds easy, but i'd lik to know wat strategy u combine wit Ash system.
I incorporated EMAs n ADX and its worked so far, still testing. Ash, thanks alot for this system, being getting your mails since Fx-moments started, u n ur team has somehow kept me going in fx. :) YT |
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I agree with Henri here : The most difficult part is the emotional part.
Greed and fear are your worst enemies. Patience and discipline are your best friends. Saruman |
We have been conditioned that money does not grow on trees. It requires a good education, hard work and maybe some luck. The forex market holds the potential to lots of money, but are you worth a $100 000 per month? If your self image is that of a $5000 per month guy, you will not make that $100 000 per month and even if you do, your subconscious mind will find a way to give it back to the market.
I think that is the biggest challenge that we face as potential traders. We need to re-program our minds and get a picture of a $100 000 pm guy/girl printed into it. (Proverbs 23:7) For as he (man) thinketh in his heart, so is he... |
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I'm not sure how long you've been a member, but if you go back through the forum you'll see there were some horrible trades that were taken by me and others. Bad months will and do occur. |
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Nine months ago I didn't know what a short was...but I spent the last 270 days moving up the learning curve. Its a nice feeling to be able to measure progress. I think trading is hard and easy...in my life I've learned that to make the hard part easy one must attain "Effortless Mastery" which in FX means pick --a strategy-- and learn every aspect of it to the point that it is as effortless to utilize as it is for you to breathe. I love this quote "Winning isn't everything, its the only thing" -Vince Lombardi- Webster E$P$ |
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But remember, he spent years in formal training and some more in the real world where the action is. Handling emergencies is allmost "inborn". This is the same way we need to approach the market, only we need a different set of skills. :D Most of the skills we need, I think is psychological as systems and strategies are a dime a dozen. |
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Can you handle it psycholgically? => NO, in 95% of the cases. Only those who can set their emotions aside, and trade with absolute confidence, can handle it. In order to get in that emotional state, where you can handle risk, I believe that every trader has to go through a rough period, and experience the emotion of losing. Only then will he make the promise of never having that experience again, and really work on that money management. No pleasure without the pain !! :D Saruman |
its so easy to move from one system to another when you hit a losing trade, def best to stick to one or two and perfect them... they say if you have the 'edge' then you will always come out on top... eventually! :)
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Re: I figured it out. Trading is simple!!!!
If anyone have proper knowledge, then he or she won't face no biggie in the real market. For example, I learned more than eight months from FreshForex broker's education hub and now every time I am making money.
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Re: I figured it out. Trading is simple!!!!
Can't say that trading is simple (i.e. making profit) but if you are dedicated enough and losses don't spook you fast then you will likely achieve success. Market rewards those who are patient and apply decent efforts to learn and practice.
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