Recent content by versionlc

Well, the Forex has so much potential. Hope you will stick with it long enough to reach your goals.

Hello... It may be a pure business but keep in mind like other businesses... Skill is involved. So you might be able to play basketball, that doesn't make you a professional with the ability to make millions. The opportunity is there... the likelihood is small until you gain the proper skills...

Time management seems to be more of a "Time Frame" issue. Some people really like to trade on shorter time frames, just be aware that the shorter the time frame the more exciting (because you can see rapid change). But also requires more investment of your time since you have to watch the market...

I second the "No Shortcuts" sentiment. However, since the market is so rich with opportunity and so complex there are way too many opportunities for panhandlers to sell you the next shiny widget. beware, do your own study, make your own observations and Never stop Learning !

The principle of making money in the Forex is easy, and easy to understand. The exercise and consistent application of a sound trading strategy and money management though is something that is being figured out on a daily basis. It has been my experience so far that when I think I have...

IMHO the most difficult thing about the market(s) to come to grasp with is the general chaos. While the market can only move in 3 directions... it's the uncertainty of populations and random happenings around the world that somehow affect the value of a nation's currency that can be extremely...

This will sound really basic even to the point of being too simple and even considered dumb.. Market can only do 3 things (Move up, Move down, Move sideways) 1. Don't ever enter positions in a sideways market 2. Be patient wait for the market to break out of the sideways movement (Up or Down)...

I have a creed that I created for myself: POISE - PATIENCE - PERSEVERANCE So Poise = Positive expectation which isn't that hard to generate. (The Forex has so much potential :) ) To me the hardest part of applying this creed to the FOREX is the Patience part. The perseverance part is to just...

Try Keeping a log of successes and mistakes. When you make a mistake try to 1. Isolate it 2. Try to understand your decision process / think, analyze and try to determine the cause of the error 3. Try to create a solution for avoiding that problem in the future (ie: This is creating a trading plan)

Good Question - I was just thinking this morning that daily focus on fundamentals and taking one small bite at a time is SOOOOO Important. You didn't learn how to walk in a single day, you had to crawl first... you probably got hurt a couple times. A mentor would help immensely if you could...

This will seem trite but I want you to please take a minute and consider this: These 3 characteristics are necessary for success in trading and other areas of life: POISE - PATIENCE - PERSEVERANCE Poise is defined as a "Positive Expectation" it doesn't really stand on it's own, but if you can...

IMHO: It's better to make a tiny bit "Every Trading Day" than it is to..... Lose... :(

I would make a suggestion that you take a look at: Action Threshold Software. Actually they have some Free videos on Youtube to get the gist of it. But you can learn the strategy quickly and apply it to any other system you might desire to use.

I know I am in a place where about 3pm to 6pm everyday there is a slowdown. I believe this is when the New York session is winding down and the London session is starting. However, regardless of time. I think the BEST time to trade is when you identify and opportunity and then are able to take...

I agree with most of the comments. You must be able to stay safe while you swim in the Shark Infested Waters of the FOREX exchange. However the rewards can be tremendous if you can just learn how to stay safe.