I am new to forex trading and just try to learn the basic concepts and different indicators. I found this site by accident and found so many resources here. Hope I can have a good start learning from this blog.
I am a discretionary trader of small/micro/nano-cap stocks and otc issues. My only use for Ninjatrader is to record equities on Market Replay so I can get more experience and review my trades. The more advanced stuff isn't for me yet.
I also trade part-time, still an undergrad in college.
I'm glad that I found this site and to read stories of other traders who have or are still struggleling like me, I thought I was the only one so I'm glad to read about others. I'm making progress but trading is a long term business not a sprint I stick to my plan and targets and hopefully we all will succeed in this business, glad to be here thank you Mike for this site, bye for now.
I've been trading forex about seven months. Before that I actively swing traded my stock portfolio. Now I hold individual stocks longer term (quarterly, semi-annually) Things are good with the stocks, but that money is for down the road. I started daytrading forex as a means of supplementing my income and possibly a new career.
I trade Asian session. One pair, EUR/YEN. I stick to price action and right now my focus is Al Brooks Price action methodology. I just discovered this about a month ago and it is golden, although confusing and so far it has led me to over trade. I need to work on that.
I am also trying to use Mark Fisher's ACD System witch is an opening range + volatility breakout system and a few other concepts like pivot points for determining key price levels.
I'm a little worse than a break even trader. Generally I will have a few very bad trades per month that keep me loosing. Still trying to turn things around.
From this site I hope to find some like minded traders and try to help when I can, learn what I can and share ideas.
Last edited by Rumble; May 29th, 2010 at 05:15 PM.
Reason: fixed typo
The following 3 users say Thank You to Rumble for this post:
I guess I would be considered an intermediate trader if one counts the number of years trading. I really feel like a beginner most of the time, because there is so much to learn. I've heard it said that trading is simple but not easy. I guess that has to do with controlling one's emotions and mental errors. I Joined Big Mike's to help me find whatever it is I am lacking that is keeping me from being successful. Who knows, the key may be within myself.
The following user says Thank You to la1paz for this post: