Forex - A help for Newbie

Discussion in 'General Chat' started by KainKatarn, Apr 6, 2009.

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  1. #1
    Hi,
    Call me kain.I have trade forex for 2-3years.
    So the reason I make this thread here is to help you DPers who wants to be forex trader.I will try to answer all of your question as best as I can do.And I will try to explain it.
    So shoot me any question(on the thread)and I will try to help.
    Best regards,
    kain
     
    KainKatarn, Apr 6, 2009 IP
  2. dglas

    dglas Peon

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    #2
    will usd/jpy retrace again below 100? i think it will be moving towards 105. let me know what you think :D
     
    dglas, Apr 6, 2009 IP
  3. Bill_Stanbrook

    Bill_Stanbrook Well-Known Member

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    #3
    What are some useful strategies for forex trading?

    What are the most common traps a new forex trader can fall into?
     
    Bill_Stanbrook, Apr 6, 2009 IP
  4. KainKatarn

    KainKatarn Peon

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    #4
    You seems to be trading forex :)
    I choose not to trade usd/jpy at least for this momment due to economic cases
     
    KainKatarn, Apr 7, 2009 IP
  5. KainKatarn

    KainKatarn Peon

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    #5
    About strategies there are many types of strategies.So it will depend on you.THe timeframe and others.I cant just detailed it here but maybe soon.To get my personal suggestion please PM me.

    The most common traps a new forex trader can fall are:
    1)Emotions
    2)Undiciplines
    3)Plan a trade but not following it
    4)Strategies suitability
    5)Money management
    Last but not least the broker that you are using.
     
    KainKatarn, Apr 7, 2009 IP
  6. KainKatarn

    KainKatarn Peon

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    #6
    Just 2 forumers shoot me their question.
     
    KainKatarn, Apr 8, 2009 IP
  7. KainKatarn

    KainKatarn Peon

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    #7
    THere is a person PM me kinda sound like this : What your opinion on expert advisor(robot) are there really a holy grail one?
    .....................
    I dont think I need holy grail to profit the market.I think profitable is more than enough.Expert advisor(EA)is a robot which trade the manual strategy manually.I cant said all the EA are scam..most of it are scam only few that really works.You have to choose wiser,testimonials is not enough and if you dont have confidence,why not turn your own making-money strategy into EA?
    .....................
     
    KainKatarn, Apr 28, 2009 IP