Topic: How to win at the Forex. (Read 2801 times)

This question is interesting for everyone who has started to engage in forex trading. But it is not as easy as it seems. People think it’s easy, you don’t need to know anything and be able to do it. This requires some knowledge. But not only this is important. In this case, you need to be careful with all the details. For example, a broker. I think this is important, because the company through which you work plays an important role. I work only with proven brokers. One of the best brokers is Avatrade. A friend told me about it. I have been working through this broker for 2 years. You can read more about this on www.avatrade-review.com It is an interesting information.

read Ray Dalio's books

Check out this list - https://www.earnforex.com/forex-brokers-us-traders/.

any recommendations for forex accepting bitcoin?

Winning at the Forex is boring work. Here's how to win.

1. Find a broker who allows hedging and scalping, and has a low Spread amount;
2. Use either the Hull Moving Average, or Linear Regression indicator; set it to 4;
3. Use the hourly chart on currency pair EURUSD;
4. Open trades only when the price has crossed the indicator on the hour;
5. Limit your number of open positions to one Buy and one Sell, max, with equal funding on both;
6. Start by doing one of the following, on the hour:
    a. If the price has moved from below the indicator to above the indicator, Buy;
    b. If the price has moved from above the indicator to below the indicator, Sell;
7. Set the Limit to 20 pips, no Stop;
8. If one of your trades closes via the Limit, immediately close the other manually (if you have another one open), or set up an EA to automatically close it for you (if your broker allows EAs).

That's it. Over time, you will win more than you lose, and probably a lot more. But... it will be time consuming.

If you are in the Western Hemisphere, you will have to work nights, because the most activity is between midnight and 6AM Eastern.

Wish they let you have them in the U.S.   

never forget a stoploss

I have tested my luck with scalping in Forex and got some money but I quickly got out of that market.

yep - but doesn't even need string pulling. natural volatility will close out most people who are trading with excessive leverage in the end

It is a gamble where I have lost always. The only who wins is etoro.

I would rather invest on BTC than on forex,Could't agree more that forex is serious gambling while  bitcoin is sureshot profit.

Thanks. I just sent them an email.

very good broker

Roboforex

 small spread , alowing scalping ,"bot", fast. Problem only one- "trader" 
recently "burned" my account balance...

You are right, or close to it. I have only tested back about 7 months. If the people who regulate the Forex decided they would pull the strings in such a way that made this method impossible to win at, this method would come crashing down like all the rest.

The Forex string-pullers have a job to do. It isn't a hard job. What it is, is to regulate the Forex in such a way that most of the traders won't realize that the Forex is being regulated, won't realize that they are working with a scam market out to rob them blind, and that they have a much better chance of winning by forgetting the Forex and staying with their day job.

The brokers have realized this. The brokers are generally just as dumb as the traders, except that the brokers are cashing in on the traders, just like the controllers are. The trick is to find a formula that beats the controllers' methods for controlling covertly. That's what my method is. The reason that it will last is that, if they decided to change the system to break it, it would reveal so much about how the market was controlled, that the little guy would abandon it. And he might find ways to abandon the banks that are screwing him, ways like Bitcoin.

Now you can see what the Forex really is. It is a voluntary income tax... of a different kind than the voluntary IRS tax.

bzzzt.  there is *NO* guaranteed formula that will win small, let alone big, with no risk of losing your entire bankroll.

It's the holy grail of gamblers since time immemorial, and, like those who search for perpeptual motion machines it will never be found.

If there was then organisations with money and resources would load it up on the black box of their choice,  make massive trades and make bazillions of dollars with no risk.

you might as well go play roulette with martingale until you reach the house table limit (and can't make back your last bet) or run out of money. at least you'll get free drinks while doing it.

use a broker with tight spreads if scalping

1) skillz

I agree with you. I think Forex is not a easy business, actually it's a tough one. To be successful on Forex you need experience and also help from your luck.

After 15 years, part-time, of dabbling, calculating, formulating, back-testing, etc., the Strategy in my first post, above ( https://bitcointalksearch.org/topic/m.8221050 ), produces the best results over the longest period of time, of anything I have seen. The key is the 10-pip Limit against the 90-pip Stop, with the multiplier added.

If you can find an honest broker who will let you do what I have listed there, you will win BIG if you don't get stupid about it.

Good money management and prudent stop loss with modest leverage but if you are a high risk gambler then high leverage off the breakouts looking at fundamentals like major news events,farm payroll,interest hikes,employment,manufacturing etc and good technical analysis indicators..Compound your winnings and have a higher margin each time until you are quickly rich or very broke