Forex Trading Strategies For Beginners
This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. One thing to consider that really helped with my trading, as well as backtesting, on daily charts was to make sure the time is what you want it to me. I could do a test on Forex Tester’s default settings and get one result, and move it to where the close is in line with the New York close and get completely different looking bars.
If you are a hobby trader and just want to stay in the market without losing too much, you don’t have to spend years building your system, but if you are committed, if you are serious, if you want to achieve financial freedom, than it might take you years before you have build and fine-tuned a successful trading system of your own.
Again I have to stress this is a much more risky trade plan then basing your trading decisions from the Daily Chart because there is greater chance that you will be getting into the trade in the direction of the overall trend but at the beginning of a larger retrace.Â However, using the H4 chart does offer more potential opportunities to get into the overall trend move.
In order to make money from your forex trading activities, you need to do what a cake shop does: Learn the basics, and hone your skills by continuously develop your product, in such a way that you can devise your very own forex trading techniques that allow you to minimise risks of losing money and beat the market somehow.
During this 4 years, of course i have learned a lot of trading strategy, trading rules, trading psychology, risk rewards and so on….. But unfortunately, i am still a person very struggling, frustrating, stress and always keep losing and losing until i have wiped out my trading account more than 10 fingers times !
What I liked about Andrew is his transparency and his passion to see others succeed , trading for everyone is different and my perception on it is to make great trades with your trading strategy forget about the money aspect and enjoy your trading and everything else that is a by product of this will see you reach your goals.