Posted by admin | Posted in Candles | Posted on 09-04-2010
Tags: candlestick, candlesticks, charting, japanese, japanese candlestick charting, japanese candlestick charting techniques, japanese candlestick patterns, japanese candlesticks, japanese candlesticks explained
I’m getting my butt kicked in the Forex market, can anyone PLEASE HELP ME?
I am new to the Forex scene, just started in January. I have invested $1,270 so far and I am down to a measly $340!!!!!!!!!
I have studied Japanese candlesticks, I know all the terminology, I have just grasped the concept of perallel trend lines and I am learning about the Fibonacci ratios but I am still getting hammered. Is there something I am missing about this market?
Hi,
Actually there are 3 main things in fx:
1. Good trading system.
2. Money management.
3. Don’t be greedy.
With $340 you can trade mini lots too. Yes, it’s difficult but you still may win.
You should trade 0.1 lot for such amount. When your trading balance reach $400-500 then you could trade with 0.2 lots; from $600-700 – 0.3 lot and etc. Start trade with 1 lot only when your trading balance exceeds $10K.
Don’t set big targets.
Try to enter not from market but by the pending Stop Sell or Stop Buy orders, which should be placed on the pick of swing.
Always use Stop Loss orders.
Set Take Profit targets and Stop Loss orders accordingly Fibonacci levels.
Don’t be greedy. Remember all even biggest journeys begin from small first step. So don’t set big Take Profit targets.
If it solaces you probably there is no one trader in the entire world who didn’t lose his first deposit. Just some of them hiding it or even afraid confess themselves.
Another very important thing – is your broker honest?
But forex trading is really most exciting and most profitable business in the world. Well, at least for me.
If you have any question please don’t hesitate and e-mail me.
Good luck!
|
|
old Estate Japanese CANDLESTICK s bronze metal pair $1,500.00 |
|
|
Pair 1800′s Japanese Bronze D’Ore Candlesticks Insects $1,111.11 |
|
|
ANTIQUE JAPANESE STERLING SILVER CANDLESTICK BAMBOO $375.00 |
|
|
Pair 1800′s Japanese Bronze D’Ore Candlesticks Insects $345.67 |
|
|
Japanese Enameled Porcelain Candlestick & Dish Meiji $174.99 |
|
|
2 JAPANESE 950 STERLING SILVER HAMMERED CANDLESTICKS $135.00 |
|
|
Japanese Candlestick Charting Techniques – HARDBACK NEW $105.89 |
|
|
Trading Applications of Japanese Candlestick Charting N $104.10 |
|
|
Japanese Candlestick Charting Techniques: A Contemporar $100.48 |
|
|
NEW Beyond Candlesticks: New Japanese Charting Techniqu $94.59 |
|
|
Japanese Candlestick Charting Techniq – Nison New Book $83.19 |
|
|
Brass Candlesticks Buddhist Japanese Temple #2589 $78.50 |
|
|
Beyond Candlesticks: New Japanese Cha – Nison, Steve Ne $77.93 |
|
|
Pretty/Old Majolica Japanese Lady Candlestick NICE $69.50 |
|
|
NEW Trading Applications of Japanese Candlestick Cha… $63.59 |
|
|
Asian candlesticks, Chinese Rose Medallion design – hand painted porcelain (pair) $27.95 … |
|
|
Oxblood red candlestick pair – porcelain 10.25H $29.99 Contemporary asian themed to bring serenity to the style of your home. This pair of candlesticks reflect the traditional form of Asia’s ancient architecture and melds past and present with form and function. Oxblood red glaze, also know in the west as “sang de boeuf” is highly prized though out the world since its inception in China during the Song dynasty (960 to 1279). It is an extremely diffic… |
|
|
Asian candlesticks, Bird design – hand painted porcelain (pair) $27.95 … |
|
|
Introduction to Japanese Candlesticks [VHS] $79.95 … |
|
|
Strategies For Profiting With Japanese Candlestick Charts [VHS] $71.28 … |
|
|
Swing Trading with Oliver Velez $38.96 Finally a video workshop on Swing Trading! Comes with online manual featuring everything you need to master Swing Trading and take it to new levels of success. See why one trader says he bought the tape and made $700 on a short sale right off the bat using the technique. Seriously..a quality Video. Jacket Description: |
|
|
Strategies for Profiting with Japanese Candlestick Charts $144.99 What are Japanese Candlesticks – and why should traders use them? This brand new video workshop will help you understand and master this powerful tool with high impact results. Steve Nison is the premiere expert on Candlesticks in the world – and now you can benefit from his expertise in the comfort of your own home. Filmed at a unique one-day seminar he gave for a select group of traders – you’ll… |
|
|
92 Japanese Candlestick patterns on Mouse Pad 92 Japanese Candlestick Symbols in our original color-coding format. Mouse Pad is 1/8″ thick, 9.25″ x 7.75″ neoprene rubber with print on polyester fabric top…. |
|
|
Japanese Candlestick Charting Techniques, Second Edition $58.98 Japanese Candlestick Charting Techniques, 2nd Edition, provides an in-depth explanation of candlestick plotting and analysis, conveying to the reader, in easy-to-understand language, the authors years of practical experience in this increasingly popular and dynamic approach to market analysis. It includes hundreds of examples that span the equity, futures, fixed-income, and foreign exchange mar… |
|
|
Candlestick Charting For Dummies $12.92 Want to gain a trading edge with candlestick charts? Find them a little confusing? No worries! Candlestick Charting For Dummies sheds light on this time-tested method for finding the perfect moment to buy or sell. It demystifies technical and chart analysis and gives you the tools you need to identify trading patterns â and pounce! This friendly, practical, guide explains candlestick c… |