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Sunday, February 5, 2012
Elliot Wave Forex Broker Article
This is a selection made from among articles on Elliot Wave Forex Broker. For a permanent link to this article, or to bookmark it for future reading, click here.
My succesful steps ( or forex trading course for newbie trader)
from: Tom S
Hello newbie traders! I am also a young forex trader but have my
own forex strategy. It is not strategy of a forex professional,
but the strategy that I use to get money from FX every month.
Each of us wants know the best way to be a successful forex
trader. I think the best way is to study yourself and get
experience. There are many web sites with free articles,
different seminars, forums which can help you develop your own
system. Read, read and read. In this instance my bible is
"Technical Analysis of the Financial markets by John J. Murphy".
Own system ... it is GREAT ! But in reality your own system is
a period of hard work within a year or more. I also work under
it, but all interesting is always here - CURRENTLY, not in the
future! That's why I prefer make money when I create my own
system.
When I started at forex I had been trading demo account for 3
months. This period of my work is a period when we accumulate
trading information - buying books, going to seminars and
researching. I graduated
link=&afftrack="
onMouseOver="window.status='http://www.expressfxcourse.com';
return true" onMouseOut="window.status=''; return true">I-Trade
FX . But before doing that, I would like to be able to learn
everything I can from free sources like this great forum -
have been browsing this forum for the 2-3 months (read today
also :) ) and just taking great knowledge and experience from
forex traders! Most of my favorite forex links I see at the
simple forex directory
The next step is to be careful and to get money. I use forex
trading signals and forecasts. In my opinion forex forecasts is
a very good service for a newbie trader. You can receive forex
signals with entry point, stop loss and take profit levels. Some
good sites that sell forex signals are
onMouseOver="window.status='http://www.fxuniversal.com'; return
true" onMouseOut="window.status=''; return true">FXUniversal
(their DashBoard FX is an ideal solution for those who do not
have time or experience to analyze effectively the market within
24 hours a day or 6 days a week),
of charge . I see them by their long term results. Now, I
follow their signals with half of my account balance and I trade
the rest myself. I have found them to be an open and honest
signal provider. Want to know why ? That's why - below is my
statement for October/November 2005 (each position was opened by
signals from FinRise):
Statement available here
http://forex-trading-your-online-future.blogspot.com/
As you can see, it is an honest service with loses , but real
profit at the end is inevitable! FinRise helps me to control and
to correct my own forex trading system. Using their signals - I
see how to trade today , and if my system says me "sell" , but
FinRise says "buy" - I just do not trade :), and correct my
system if necessary - when the next day I see - who was right.
I wish you to create your own profitable forex system, but your
desire to make money right now must live ! Use my successful
steps for your way to gain profit at the forex market!
At the end please read and remember these simple famous rules
which a forex trader must know!
1. Always trade with the trend.
2. Never risk more than 5-10% of your trading capital in a
single trade.
3. Never trade without protective stops.
4. Never let a profit run into a loss.
5. When you in doubt, get out. Do not get in when in doubt.
Newbie forex trader. Tom S.
About the author:
Was born to trade at forex :)
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