Over the next few weeks i will be covering the various different ways that you can trade the Forex market. The aim isnt to pigeon hole you into one particular style, but rather to inform you of the pro’s and con’s of each style.
As you may be aware i strongly advise each person to allow themselves to develop into traders that can make money using many various styles, but i also stress the importance of selecting one particular style to start off with, and master until you are consistent and profitable with it. Once you are consistent and profitable with one method and style, you are much more likely to succeed by adding another method to your trading arsenal, rather than descending into a system chasing black hole.
The following blog posts in this series aim to inform you of what to expect from each style so that you are better informed to select the most appropriate one for your personality, thus reducing your learning curve and allowing you to attain consistent profitability much quicker.
I look forward to recieving your feed back on which particular style suits you best, and how you have managed to remain consistent.
This will be interesting, and it would be even more informative to see how you use each style for a given trading environment on each day – what you look for, how you know which style to use etc.
Thats a great suggestion sunny, or perhaps maybe we could start a thread in the forum on those things?