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| forexd535 |
 Posted: Mon Feb 19, 2007 7:05 pm Post subject: A mature advise to beginners |
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Investing Associate
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You may have found that most of the new traders in fx market seems to have luckiness with them. Their first deals always bring them good profits. This luckiness, however, disappears after a short period of time. Some of they start to lose money, or even leave the market finally.
What is the reason for the so called "beginner's luck"? Why it is not long-lasting? How to gain real luckiness in fx market? |
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| BallJacker |
| Posted: Tue Feb 20, 2007 12:05 am Post subject: |
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Investing Manager
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the FX market is quite cyclical, you just got to know to ride the dips. Also since the IMF got involved with the major currencies, thus limiting the amount of gain or loss one currency can change in a day. As for the minor currencies it's a crap shoot.
My advise is to play a FX SIM for a while before putting any real money or play only with Mad Money. |
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| forexd535 |
| Posted: Tue Feb 20, 2007 11:22 pm Post subject: A mature advise to beginners |
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Investing Associate
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Thanks for the information. I found very useful information in the e-book “Trading Machine” by Avi Frister. Very informative and I think best for the beginners.
Thanks again. |
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