Are you guy still with forex?

[fxpeter]

I just cannot figure out how to make a profit. I have tried all kinds of
systems, ea's, you name it. It seems as soon as I enter a trade, it goes
against me and I panic and get out. I am about to give it up unless I
find a good system quick. Sorry for being a pessimist, but I am just
frustrated with forex at the moment. Any tips would be greatly appre-
ciated.

[VSFX]

Originally Posted by Ravique

My forex life? Since i don`t have much time to sit at the monitor and trade all day, i was hoping to come up with some kind of a system, find a programmer that would automate it. So i have spent a lot of time looking for profitable indicators, indicator combinations and so on. But then i realised that indicators are useless. Now i am looking more into murraymath , gann charts, and stuff like this. I find forex very interesting. It looks very easy - up or down, but looking and exploring ( and trying to predict ) these up downs is veryy interesting to me. I haven`t traded for real. I don`t like illusions, so i will start trading when i will be 98% sure in the system i am going to trade ( hope the first one will be fxfisherman ;-) )

I agree the forex seems very simple when we think we can ride the up and down trend without making a loss, in practice it is not so simple, but some strategies that are simple seems to allow us to have consistent wins. Such as MA's and a few confirming indicators, all of which have lag, I think the solutions to predicting the future probabilities of markets is either:

1) become a mathematical genius

2) let artificial intelligence algorithm do that for you and take in the $$$

I think I choose the second option.

[VSFX]

Originally Posted by fxpeter

I just cannot figure out how to make a profit. I have tried all kinds of
systems, ea's, you name it. It seems as soon as I enter a trade, it goes
against me and I panic and get out. I am about to give it up unless I
find a good system quick. Sorry for being a pessimist, but I am just
frustrated with forex at the moment. Any tips would be greatly appre-
ciated.

If my simple systems that work manually consistently work when they are an EA I will be sure to let you try it out, everyone on here on demo account to see how it works.

Time will tell, I don't want to count anything before I have it though, so I will test it first then release copies to each individual that requests one. it may be a few months, I like to test, test, and test again, then do it all over again, all forward testing.

[Bill13]

IMO vert good books for beginers and frustrated Forex traders:

1. Lein - "Millionaire Traders" [book covers Forex traders and how the coped as newbies, etc. -- suggest you see Amazon.com for reviews, etc.]

2. "Currency Trading for Dummies" [see Amazon.com for further details -the 'Dummies' series of books]

3. Archer: "2nd edition, Getting Started Currency ---" copyright 2008, {again see Amazon for reviews -- make sure you only get the newer 2nd edition!}

Everyone should start out with some kind of mentor (books, an actual person, etc. -- the markets are tough teachers! IMO, Day-trading stocks is much worse than trading Forex which is like trying to swim in a tank of sharks (the stock-market pros will eat you alive") -- again, only my opinion. BTW, I've been trading for a few years in FOREX mkts.

Bill13

[Bill13]

IMO very good books for beginers, and especially the frustrated Forex traders:

1. Lein - "Millionaire Traders" [book covers Forex traders and how the coped as newbies, etc. -- suggest you see Amazon.com for reviews, etc.]

2. "Currency Trading for Dummies" [see Amazon.com for further details -the 'Dummies' series of books]

3. Archer: "2nd edition, Getting Started Currency ---" copyright 2008, {again see Amazon for reviews -- make sure you only get the newer 2nd edition!}

Everyone should start out with some kind of mentor (books, an actual person, etc. -- the markets are tough teachers!

IMO, Day-trading stocks is much worse than trading Forex which is like trying to swim in a tank of sharks (the stock-market pros will eat you alive") -- again, only my opinion. BTW, I've been trading for a few years in FOREX mkts.

Bill13

[forexflash]

Originally Posted by VSFX

I agree the forex seems very simple when we think we can ride the up and down trend without making a loss, in practice it is not so simple, but some strategies that are simple seems to allow us to have consistent wins. Such as MA's and a few confirming indicators, all of which have lag, I think the solutions to predicting the future probabilities of markets is either:

1) become a mathematical genius

2) let artificial intelligence algorithm do that for you and take in the $$$

I think I choose the second option.

VSFX, you are on the right track......but without 1 option, there will not be
a succesfull 2 option......trust me.....it is a ONLY option for succes in Forex.

I feel very sorry for everyone who is trying to make money using moving averages and all these technical - price based indicators provided by your broker. Do you really think they would give you the proper tools to take their money? Its like a bank giving you the access codes to their alarm system.LOL
Respect

[oilfxpro]

Originally Posted by forexflash

VSFX, you are on the right track......but without 1 option, there will not be
a succesfull 2 option......trust me.....it is a ONLY option for succes in Forex.

I feel very sorry for everyone who is trying to make money using moving averages and all these technical - price based indicators provided by your broker. Do you really think they would give you the proper tools to take their money? Its like a bank giving you the access codes to their alarm system.LOL
Respect

FF

U write like a guru who has made it in forex and someone who knows all about forex.Option 1 is the only option for u but I am waiting to for BLACK FLASH FORMULA FOR FOREX

In the meantime option 2 is the only solution and it is proven by my EA collection
http://www.fxfisherman.com/forums/fo...ml?=#post20270

OILFXPRO

[forexflash]

To be honest; for example, most posters on this thread, including you
have more knowledge and expirience than me!!!
But im good with math and logics, and i have great visual inteligence......
but most of all I just got lucky!

And the formula is surely not be posted on net!

I wish that you and everybody else here succed.

[oilfxpro]

Originally Posted by forexflash

To be honest; for example, most posters on this thread, including you
have more knowledge and expirience than me!!!
But im good with math and logics, and i have great visual inteligence......
but most of all I just got lucky!

And the formula is surely not be posted on net!

I wish that you and everybody else here succed.

Artificial intelligence is related to maths and logic

OILFXPRO

[forexflash]

It is all about logic ordering.....using a "simple" math formula.