Is trading very difficult?

[Sadtrader]

I am not agree with you because trading is not very difficult i am doing this from some months and i have noticed that we have to think about 101 time before entering in Trading if we have to turn this replace from difficult to easy about Forex trading. manys are doing trading.

[ntn]

forex mien aa ker kam kerna un ko difficult feel hota hai jo es mien new hien ya jo es mien aa ker kam kerty hien mager es mien aa ker hard work na kerty hien ager hum es mien aa ker hard work kerty hien to hamain es mien success bhut jald mil jaye gi or hum profit earn kerty rahan gay.

[Hanif484]

I do not claim to be a hotshot trader. I make mistakes all of the time. This is not a $1k to $10k in a month thread. Simply sharing and recording what works and what doesn't, but imo, the simplest method is too determine a trend by HH/HL (or LL/LH) combo's, look for a pullback and join the trend.

[Hanif484]

I mentioned combining a couple of methods. I use Elliott Wave combined with Fib levels to confirm likely counts. If i can determine my likely preferred plan in advance, on a longer time scale, i can then drop to smaller timeframes to look for set-ups (pullbacks) within the overall plan to make the most of it.

[Hanif484]

Just a pointer about Divergences. Regular Divergence is always over-ruled by Hidden Divergence and is something that must be looked for. Sometimes (by going peak to peak), it takes 2/3 bouts of Reg Div before it leads to more significant trend change. The point where we get a fresh High/Low is where Hidden Div can no longer form.

[Hanif484]

Firstly a Cup & Handle or Head & Shoulders set up, which can be either as trend change or trend continuation (after a pullback). I think it is self explanatory.
The second is a pullback within trend, followed by a 123 or a flagline, (but preferably both). The 123 can be used as entry back into trend. Looking for divergence in both instances will be important. Regular together with the first and Hidden divergence for trend continuation.

1) Determine a trend (HH/HL or LL/LH's)
2) Wait for a pullback
3) Enter back into main trend with a 123
4) Manage trade

[Hanif484]

Someone else has already started a 'Trade the Plan' thread, so i have shortened my preferred title!

I am combining a couple of systems, so i will try to explain as i go along, rather than list all criteria here in the title.

I am basing my trading method on a style i learnt from a brilliant trader with the handle 'Divergence'. He selflessly shares this method on a thread under 'Trading Systems', so whereas, i wanted to start a thread, i thought i would list it under 'Traders Journals' instead.

I will include some Elliott Wave work within my own style.

Two of the main variants that i will be looking for are the following;

[zahid2016]

Forex trading difficult nae hai but kuch log is ko difficult bana dette hain wo learning karte hai ni hain or kehte hian ke Forex trading difficult ha eas nae hona chaie Forex ki market main hum ko sahi tra se market main manage karne ki zarurt ha or learning ko prefer karna chaiye.

[Shahid78]

nahi bhai jan trading karna mukil kam nahi hain lekin is mein earn karna muskil hain hum is mein trade kar sakte hain lekin agar apke pass is mein expriences hain to ap is mein aasani se earn kar sakte hain apko is mein zada lalch nahi karna chhaye tab ja kar ap is meinearn kar sakte hain

[camefx]

In my opinion, you have to reduce your leverage, leverage 1: 100 is a safe way and you don't choose a volume of 0.01 to 0.5 maximum and not stop, loose is the worst think all do this, but in your currency graph one day it goes up and the other day will go down so there is no problem you take care of your order.