Friday 3 December 2021

Forex Trading, MT4, MT5, forex Strategy tester, Moving average, parabolic star, online trading, crypto currency, forex timeframe, eurusd, gbpusd, usdjpy, eurjpy

 When i personally started trading forex, it was interesting and fascinating, but you need to be careful getting lured into this by a third party whom claim could train you make millions in the future. That is possibly true and false and there are lot of misconception over trading physicology and understanding them.


I attended a paid training of 2 days over the weekend and it cost me over RM5000. I was new and seeking this massive opportunity of knowledge driven by a famous presenter. 

The first few lesson within the hour sounded too promising. but cut the story short, few months later going through the hurdles and situation of learning. Infact the learning always never stop till you feel you find the holy grail. 

Unfortunately few month's later i realize that all the indicator was thought was already available in the Youtube by many other trainers. 



This s a strategy tested in case if you purchased or build your own Expert Advisors.
This gives you a forecast on how you formula works. 

I used to follow simple strategy and that all you need. If you choose a simple moving average of 20/200 to spot trade opportunity either buy or sell. ( of course with some additional rules)


As you can see my trading are simple, with 20/200 sma with parabolic to confirm entry either buy or sell meaning
if 20 is above 200 and start of the candle confirmed by parabolic sar then its a buy for me.. just reverse for the opposite trade.



OK YOU SHOULD FEEL THE BELOW CONVERSTATION IS WITH SOMEONE WHOM ARE MEDIUM IN FOREX TRADING ALREADY AND ME SPEAKING THE BELOW WAY REST ASSURED THE MEDIUM SKILL PERSON UNDERSTANDS IT.

LOW - SOMEONE JUST STARTING TO KNOW ABOUT FOREX
MEDIUM - SOMEONE STARTED TRADING FOREX WITH ALL THE INDICATOR AND POSSIBLY EA'S
HIGH - EXPERT IN TRADING FOREX. 


I'm not saying i got tricked by that's faith when you never do your home work and also news feed that attracted you so much. 


As a conclusion i feel with the right combination of strategy that you feel comfortable and with little knowledge of money management - you will be fine . BUT NO GUARANTEES
 

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