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I'm trying to find some of the same answers. Browsing the site isn't the easiest for a noob but I'm slowly figuring it out. Good luck with your trading whatever you choose!
Can you help answer these questions from other members on NexusFi?
I am starting trading option 5 years ago with bad result..after that, I go with trading crude oil and gold, and the result remaining the same.. and now I stick with Forex..with couple bucks in FXCM..
for me forex trading with longer time frame is really suit with my style, I feel more comfort with it..
I hope I will have a good result in the next coming years..slowly but sure...
Thanks that's a really interesting post. Especially when you say that you traded the forex monthly and weekly charts as this is something I'm looking at more and more.
If you don't mind me asking, what strategy do you use to trade the long term charts?
Geez, this was already so long ago. Pretty sure back then I was using an 8/21 EMA cross as a momentum filter, and using the next higher TF for direction and context. Pick the currencies to trade that are trending on those higher time frames. They tend to consolidate for long periods of time, but then the monthly moves are explosive. Good luck!
Rule number one in the markets is to never lose money. Well since that isn't realistic, I say if you're going to lose some money anyway then lose small, but when you win, give it all you've got and win big!