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Experienced Trader Speaks

Discussion in 'Forex Trading Systems and Strategies' started by PipInvestment, Nov 13, 2010.

  1. PipInvestment

    PipInvestment PipInvestment.com Representative

    Nov 13, 2010
    Likes Received:
    The best advice that I can give you, is that

    1.) do not use ANY indicator
    2.) Use a charting platform besides Metatrader
    3.) Never focus on just one or a few Timeframes
    4.) Pay attention to market open/close and News releases, 10Mins before
    5.) Join ForexFactory and Find a Thread called Price is Everything and any system that is based on Support and resistance. It is really the only way you will ever make money consistently.

    Start on a demo, then go to a CENT account,
    If you open a Standard account with $10k, trade from your Cent account through a Trade Copier/Bridge. This will help you forget about the $$$ and it will keep you focused on the Trades/Pips.

    Good luck

    " 1 pip at a time"
  2. Chaz McHan

    Chaz McHan Corporal

    Nov 12, 2010
    Likes Received:
    This is like a "experienced dieter" recommending a particular diet. You should at least allow for the fact that other dieters, trainers, doctors, etc., would have DIFFERENT recommendations.

    I disagree with your recommendation to not use indicators. Besides, Supports Resistances and Pivots ARE indicators, though simple ones. I also disagree with suggesting people use CENT accounts.

    Though *I* disagree, I am not saying that you are foolish or can't make good money using your method. Everyone needs to develop their own methodology.

    Good luck to you!

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