Comments on: Need some quick advices and tips on currency trading?

By: lucstudent

lucstudent — Thu, 04 Dec 2008 17:08:19 +0000

If you keep listening to people who tell you to read, read, read, and keep reading more until you understand the trade then you’ll be doomed for sure. Don’t bother with learning technical analysis. The best tools you’ll ever need are your eyes for reading price action and your brain for analyzing news releases. Keep trading simple. All you need to know are 3 things and they may sound real stupid.

1. Entry Point
2. Exit Point
3. Risk Management

If you have a trading idea that doesn’t include any one of those. You can instantly filter away that thought, because no consistent winner can do it w/o keeping those 3 things in mind.

I’m currently making 5-10 percent return a week. If you can give me three good reasons to teach you, I’ll fink about it.

By: Bob

Bob — Tue, 02 Dec 2008 01:45:55 +0000

If you are depending on quick advice and tips, you are doomed.

You need to read a lot of books and articles and use the educational materials that most forex web sites provide for free.

By: Peggy K

Peggy K — Mon, 01 Dec 2008 23:34:16 +0000

The most important thing you need to know is that it is not as easy as it sounds. Investools has a good course. It’s not something you learn quickly it’s something that takes a lot of practice. Investools has a great practice account.