There a plenty of losers out there and I'm glad you have the courage to face the music and declare your loss! A lot of traders who lose simply don't talk about it and disappear from the scene altogether!
There are a lot of gurus out there claiming that their technique is the right way.
Let me tell you there is no "right way". If there was a "right way" then we'll all be millionaires right now. Forex trading isn't easy.
With forex you can either trade it three ways:
1) With insider information (which is rare for retail traders like you and me)
2) With fundamental information - like economic data and news
3) Technical information - from what I hear you are using.
I can go on an on forever... But I have some simple advice for you:
1) Have a trading plan (test it, use it)
2) Have a risk management plan (which tells you when to exit - in profit or in loss)
3) Have fun at it and keep learning!
Well Rich, you've come to the right place.
There a plenty of losers out there and I'm glad you have the courage to face the music and declare your loss! A lot of traders who lose simply don't talk about it and disappear from the scene altogether!
There are a lot of gurus out there claiming that their technique is the right way.
Let me tell you there is no "right way". If there was a "right way" then we'll all be millionaires right now. Forex trading isn't easy.
With forex you can either trade it three ways:
1) With insider information (which is rare for retail traders like you and me)
2) With fundamental information - like economic data and news
3) Technical information - from what I hear you are using.
I can go on an on forever... But I have some simple advice for you:
1) Have a trading plan (test it, use it)
2) Have a risk management plan (which tells you when to exit - in profit or in loss)
3) Have fun at it and keep learning!