Forex Trading System

I still remember when I learn trading, I liked to trade more than 10 times a day. I bought USDJPY and at same time I sold GBPUSD and other entries I did without thinking about money management. My stop-loss was margin call. When prices went to my favor direction I smiled and feel that I am great trader as if George Soros was amateur trader below my level. I called my fellow traders that I had got big money and bla…bla…bla… but when prices went to other direction even touched my margin call then I was really angry. At my first week, I had lost my money.

I didn’t give up. I had studied money management. I had studied about some tools and indicators. And the most important I’d learnt to control my emotion. It was saturday and I was not  patience for waiting monday. How interesting, how many peoples are waiting for monday to work? I think that’s not much even they enjoy their job.

Yes, Monday finally came. I sat down in front of my computer. I tried to build my trading system. I watched my monitor, I did babysitting all days. I still traded more than 10 times a day. But I still didn’t get big profit. I was tired. I was bored. Untill I met a professional trader, he told to me that I should try to change my time frame. I usually trade using hourly chart. He recommended me using daily chart or at least 4H chart. What? I like to trade and if I use daily chart, I am not sure to trade everyday, that was my thinking when he told to me his opinion. He tried to explain his reason, he told to me that trading is really interesting but trading also is a business and I should considered that. Why? the truth of trading business is more trading you do the more you lose, even when you’ve got profit because you have to pay your broker’s spread. Also, trading at bigger time frame needs less stamina and mind than trading at hourly.

Time after time, and then he proved it. Now I just trade once a day and that’s not a must. I also have more times for my family, friends, and hobbies. They are most valuable than getting profit from trading. If you think I have best trading system. No, I just have common trading system.

Why is trading at bigger time frame is more profitable?
That’s not only you must pay spread for your broker. But you should know that most of trend is sideaways and most of sideaways is happened at smaller time frame.The other reason, when you trade at daily chart you’ve got much time to analyze the market. You will be more discipline. You can think clearly and get the best action to trade not just buy this or sell that. Remember, the enemy at forex market is not anyone but yourself. If you can controll yourself then you will be a successful trader.

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Investing has been getting increasingly important over years as the future of social security becomes unknown.

People want to secure their futures and they know that if they are depending on Social Security and some retirement plans, they no longer have the ability to earn a steady income. Investing is the answer to the unknowns of the future.

You may have been saving money in a low interest savings account over years. Now you would like to see that money grow at a faster pace and you need another way to make that money grow. Again, investing is the answer.

You also investing your money to get what you have planned. You want to buy new house, save your money for a college education for your children, or even you want to go to around the world.  Of course, your financial goals will determine what type of investing you do.

If you want to make money faster. You have to be more interested in higher risk investing, which will give you a bigger return in a shorter amount of time. And the answer is trading at forex market.

The overall purpose in investing is to create wealth and protection, over a time period. It is important to remember that you will not always be able to make an income. You will finally want to retire and enjoy your life with everyone you love.