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I've been trading for a couple of unprofitable years, figured I'd make an account here because the worst that'll happen is I'll lose more money!
I'd still consider myself a beginner because I'm unprofitable.
I don't use indicators, not even volume, and I prefer to day trade the morning session. My current instruments are buying calls/puts for SPY, QQQ, AAPL, IWM, and FB to name a few.
Hope I figure this trading thing out one day.
Can you help answer these questions from other members on NexusFi?
I'd say I don't have a strategy since I'm unprofitable, but it basically involves lines such as the Previous Day High, Previous Day Low, and Hourly/Daily/Weekly trend channels.
I plan on putting up a trading journal on here to hopefully get valuable critique about the strategy.
I respond well to constructive criticism, and I'm hoping my trading journal (whenever I get around to doing that) gives me the feedback to turn me into a consistently profitable (albeit on paper...which I think I have the means to translate to real money) trader.
Welcome to this forum. I am also trading since 2 years and now have learned a lot through constant practice. Hope you will share your knowledge and experience with us.
Of course you will. But you need to take it seriously. I would like to suggest you to find an appropriate broker and practice risk free trading through Demo and then enter the real world of Forex. I did the same about 5 years ago and faced many difficulty at first, but now I have found the best broker and I am earning a lot through him.