Discussion in ' Forex Trading ' started by iamnewuser , Nov 6, Log in or Sign up. Please point me in a direction. I have run out of ideas. VPhantom and athlonmank8 like this. It is said FX is a scam. Hi friend, I'm here to help you. Please answer a few questions for me; 1. What products have you been trading? What time do you enter and close your positions?
What is your over-all time frame? How many hours a day can you devote to trading? Have you ever given any other asset classes a chance? How did it go? How many hours a day could you devote to trading? How much money do you have to back yourself? You are fighting a losing battle by continuing to pour money into this, if you keep doing what you are doing. It's time to step back and evaluate. Just saying the word 'Forex' is quite troubling in reference to question 1.
There are many currencies with different personalities and governing structures which may give you an idea of order flow in the short-term.
For example, the Aussie and Canadian dollar are highly correlated and part of the "Commodity Currency" basket. If you want to start winning, you need to start taking this seriously.
There are various nuances in the different currencies and how they are linked to an economy. Right now, you clearly have no edge and a lot of time. You would be much better off trading Bonds, because they give you time to think and re-evaluate yourself.
Most importantly, you can communicate with me about your trades for the session and how you are going about it day to day. Treasury Note year Time period: If you have spent 2 years at this, you need to get cracking before you waste another 2 years. Start asking the right questions and you'll get some answers. You must log in or sign up to reply here. Your name or email address: Do you already have an account? No, create an account now.
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