Thread: NEW Trading Program - Prelaunch till Friday 30th - ACT NOW!

Originally Posted by gooddeal

Hello hogan,
I purchased the Profit Navigator and started to trade live. I am NOT doing good. Can you sent me the link to some special things about to happen?
email [email protected]
Thanks

Sorry to hear that gooddeal.

It is reallly important to paper trade for at least a couple of weeks on a regular basis and to make sure you STICK TO THE RULES. Like riding a bike, you cannot just jump on and take off up a busy highway!! I have been making about 7 wins to 3 losses on a regular basis and when I look back at my losses, I can somtimes see where I didn't wait for all the signals!! Of course you cannot always win but the aim is to make more profits than losses.

I am very happy with the program so far and I am still getting experience and will be for quite a while!!

Don't give up too soon. I am only going to trade small on a mini account on the forex until I am confident I know what I am doing.

Good Luck

Originally Posted by pandora

but the aim is to make more profits than losses.

Good Luck

Acutally the aim in forex is to minimize and protect your loses and to take the most of a gain you can.

Make sure to use the TRAILING STOPS. And once you place a trade, DO NOT move your stops based on emotions. If you see that you are taking a loss take the small loss.

Moving your STOP back saying, " It will come back up in a few minutes" will only lead to you taking BIGGER LOSSES.

Agreed moneyduck, this is probably one of the most important lessons I had to teach myself when I began trading. Though my instructor warned me, I thought certain situations were 'acceptable' and tried to use my best judgement. This of course leads to more loss more often than a recovery. The most important thing you can learn when trading is that you aren't special and you have to follow the rules. You have to be mechanical.

Trade

There is no national marketplace for an individual currency and, as such, quotes and trading take place in a decentralized fashion. If you want to be the part of this foreign exchange you need a broker. Like I am dealing with ForexChief. Foreign exchange is a global market in which any two currencies can be traded against each other, according to subject to convertibility and other rules in any jurisdiction. It has been continuously working on its development. The modular structure of the system means that only can liquidity be arranged from ECN-platforms, banks, large-market-makers, and institutional brokers into a unified stream but it can also take the quality of execution of trading orders to a brand new level.