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Trading is difficult only for those whose mindset goes against the real truth about trading. There are some universal trading principles that guarantee success in the long run. And it must be adopted by all traders.
The reality is that scalping isn’t the old man’s trading style: it’s the young man’s trading style. The more experience you gain, the higher your time frame, and the more you tend to let your profits run longer. Losing and winning streaks are just the reality in the markets. Know when your system goes in sync with the markets and when it’s out of sync. There’s no way around this. Just make sure that you make more money when you gains and you lose as little as possible when you lose. – May 20
I don’t know of 15 ways to use MAs, but MAs can be used in thousands of trading strategies. You can even evaluate your trades on a daily basis. But can you determine whether you make a profit or loss in a week? Can you trade with an utmost certainty? Do you stay glued to your screen? – May 21
EAs? I used them extensively during my novice years, spending my sweat, resources and time. I eventually got nothing in return except financial catastrophe and wasted years. I can guarantee that this would be the fate of all those who use fully-automated EAs – sooner or later. You may make money from them for months – or years, but eventually you’ll go kaput. – May 22
In reality, the only thing you can target is the maximum amount you’re willing to lose in a day or a week. Predetermining the amount you want to gain in a day is a rookie’s thought, since you can’t control the markets. My trading system is one of the simplest out there, yet it works. It mayn’t give me the expected profits, but it ensures that I survive the losses the markets throw at me. – May 23
There are many great websites for economic indicators, but at the end, you’ll need to trade only what you see. You see, it’ll be difficult for traders to trade successfully unless they do it like a machine. Which means, putting their emotions under control. There are ways of achieving this. May 24
Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders
