Thread: 2 Fatal Mistakes To Avoid

2 Fatal Mistakes To Avoid

Fatal Fx #1

Getting in too late! - Volatility on the Chase gets you Stopped Out.

Fatal Fx #2

Getting out too early! - Whether you got stopped out from Fatal Fx #1 or whether you thought the move was over now you're chasing again. Yep - Go directly to Fatal Fx #1 - Do not Pass GO...

[Indicators and EA's have both built in]

Seen the Dennis Hopper ads?

You can't start this journey without knowin' where you're goin'. You my friend, you need a plan. ...




Get it -->HERE<--

CAPTURE the Best Part of Super Trades

trade with longer TF so you can figure out the bigger trend

Originally Posted by fxtrendline

trade with longer TF so you can figure out the bigger trend

long tf is fine sometimes but with the market sidewazin now for 5 weeks and counting you had better have a system with a unified analysis for all formations, pairs, and timeframes or else have yourself about 12 systems and know when to use each one.



Supertradesystem - World's 1st 100% Accurate Trading System

I'm sorry mabe this is going to be a silly question but I don't have much experience in the FX matter, How to know when to get in or when to leave??

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Originally Posted by MrGiggs

I'm sorry mabe this is going to be a silly question but I don't have much experience in the FX matter, How to know when to get in or when to leave??

listen to Dennis Hopper... you need a plan.

In FX this is a system.

You could try the droids being sold by the affiliate hawks...

EA test results for megadroid
Pips Weekly Equity Weekly Running Weeks
+19 +0.7% 10.5

Naahhh, don't think that'll work.

If there really was a software solution...

Everyone would be retired.


But Supertradesystem signals are:

On the money...

These are the few points that a trader should avoid while forex trading.

The reason most forex traders lose is simple they fail to understand that success is based upon these key traits.

Taking Responsibility

Most novice traders buy junk systems that promise them riches beyond their wildest dreams all for $100.00. They are either naive stupid or both.

Most systems sold on the net are junk and come with a made up, simulated track record done in hindsight which vendors tells you to follow yet, the reason there is no real time track record is the vendor knows it doesn't work.

If you want to make money with your forex trading strategy, understand you're on your own and success rests on your shoulders and if you don't like this feeling, do something else and forget currency markets.

Now the Good News!

If you have a desire to succeed and a willingness to learn and you're eager to control your own financial destiny here are some other key points you need to understand to separate yourself out from the majority of losers.

Work Smart Not Hard

The effort you put into currency trading has no bearing on the amount of money you make. Forget working hard work smart and learn currency trading the right way - if you do this you will be able to up and trading in around two weeks and commit about 30 minutes a day, to your forex trading strategy.

There are a lot of currency trading myths out there - but if you hunt around the net for the right info you can avoid them - here are the most common ones traders fall for:

- Day trading makes money

- You can predict markets in advance

- Buy low sell high is a great way to make money

- I don't have a money management strategy I just place a stop

- I like to trade the news, as its expert opinion

If you believe any of the above, you will lose - so you need to get the right forex education and avoid myths.

Learn how to make 20-40 pips systematically and don't try to chase huge runs if you day trade! If you do long-term make sure your account lets you do that with the cost for a pip that you choose!

DO Not Try To Trade Long Term With $1000 And $2-3 Per Pip!

100% Agree with you! I do teach forex here in New-York! My individual course takes two days and it might take 3 hours a day or it might take 8 depends on how my student understands the material! Now i will give you everything I know about forex and make sure you really understand the key on how it works! After the course you have my and my students support in future to help out! We do conference over the net to share thoughts and ideas! By the time you done you will be able to develop your own system that fits your personality and time you can spend! We also go through mental preparation and avoiding BROKER SCAM! Contact me at 1 646-595-7272 and I will take some time to personally explain to you what I'm and my hall project is about and I'm sure you will want to be a part of it!

Originally Posted by Anne09

These are the few points that a trader should avoid while forex trading.

The reason most forex traders lose is simple they fail to understand that success is based upon these key traits.

Taking Responsibility

Most novice traders buy junk systems that promise them riches beyond their wildest dreams all for $100.00. They are either naive stupid or both.

Most systems sold on the net are junk and come with a made up, simulated track record done in hindsight which vendors tells you to follow yet, the reason there is no real time track record is the vendor knows it doesn't work.

If you want to make money with your forex trading strategy, understand you're on your own and success rests on your shoulders and if you don't like this feeling, do something else and forget currency markets.

Now the Good News!

If you have a desire to succeed and a willingness to learn and you're eager to control your own financial destiny here are some other key points you need to understand to separate yourself out from the majority of losers.

Work Smart Not Hard

The effort you put into currency trading has no bearing on the amount of money you make. Forget working hard work smart and learn currency trading the right way - if you do this you will be able to up and trading in around two weeks and commit about 30 minutes a day, to your forex trading strategy.

There are a lot of currency trading myths out there - but if you hunt around the net for the right info you can avoid them - here are the most common ones traders fall for:

- Day trading makes money

- You can predict markets in advance

- Buy low sell high is a great way to make money

- I don't have a money management strategy I just place a stop

- I like to trade the news, as its expert opinion

If you believe any of the above, you will lose - so you need to get the right forex education and avoid myths.

Originally Posted by nyfxtrade.com

Learn how to make 20-40 pips systematically and don't try to chase huge runs if you day trade! If you do long-term make sure your account lets you do that with the cost for a pip that you choose!

DO Not Try To Trade Long Term With $1000 And $2-3 Per Pip!

100% Agree with you! I do teach forex here in New-York! My individual course takes two days and it might take 3 hours a day or it might take 8 depends on how my student understands the material! Now i will give you everything I know about forex and make sure you really understand the key on how it works! After the course you have my and my students support in future to help out! We do conference over the net to share thoughts and ideas! By the time you done you will be able to develop your own system that fits your personality and time you can spend! We also go through mental preparation and avoiding BROKER SCAM! Contact me at 1 646-595-7272 and I will take some time to personally explain to you what I'm and my hall project is about and I'm sure you will want to be a part of it!

"I will take some time to personally explain to you what I'm and my hall project is about and I'm sure you will want to be a part of it!"

I would love to be part of your project, just provide me the details nyfxtrade.

Originally Posted by Anne09

"I will take some time to personally explain to you what I'm and my hall project is about and I'm sure you will want to be a part of it!"

I would love to be part of your project, just provide me the details nyfxtrade.

Are you kidding me? This is NOT personal but I do see this alot.

I know you need content for your blog so this is understandable.

However, a few posts back you come off like an expert and then you want to follow a 20 pipper?

And this is from your blog:

"There will be no opportunities when market goes no where, or where is no trend. Where there is trend, there are lots of opportunities. Make friendship with the Trend."

Is this the best advice you have? The Trend is your Friend?

What about REVERSALS? If you want to trade the Trend you still have
to pick a reversal entry! Better know when to get in.

The rest of the blog looks like all of the other sites that suck traders in.
The Dollar is weakening, Cable is rangebound. Wow, that is SO helpful.

Do you know when to get IN?

I post another pic which is a result of the work of the Supertraders
using the live collaborative watchlist:



The mechanical steps to reach that signal trigger
has an entry timestamp when it was put on the list.

6/11/2009 10:39:39

It has a trigger price and bar entry:

160.12 6/30Trig 8:00


But all we do is watch that retracement from 6/23
and get a signal generated by the market.

It might say no-trade. It said, "go short and do it here!"

Somewhere in the ensuing 1300 pips you might
make some money.

Here is a quote from one of the Supertraders on
the chat the other day:

"23:11 Touizi: I am fulltime trader thanks to STAR"

He knows when AND where to get IN!

You can try for 20 pips or get the system.

( get the system! )