I first got interested in trading in one of my classes (International Markets) in my senior year in college.
The professor gave each one of us a demo trading account and we were supposed to trade it.
No one had a clue about what we were doing but must of us got a little excited about it. Mostly because the one with the most returns would get 10 final points.
Of course I didn’t win, in fact, I think I blew it… But it was then when I realized the potential of trading the markets.
When I got out of college I tried to get involved with trading-related companies and I have to say, I got lucky.
Two months after I graduated from college got first job, not as a trader, but as an apprentice trader and learned a lot about trading.
Then I decided to try with my own money and realized it wasn’t that easy.
I tried everything, every possible indicator, robot, strategy, system that you could find in the internet. And when I say everything, I really mean everything (well, almost everything).
I was lucky to find 3 likeminded traders (from Australia, UK and the US) in which all 4 four of us worked together to develop something simple, based on price action and with good risk & trade management.
It has evolved though, because markets are always changing and we need to learn to adapt to those market conditions.
And that’s how the methodology I use right now came to life.
Let me tell you something, it’s been a long way here, but well worth it. I have learned so many things, not only about the markets and how they work, but about myself.
I sometimes get the feeling that we are not fighting against the markets or brokers or other traders, but against ourselves.
Because we are the ones who:
One of the things that I think have helped get good results is that when things don’t go as expected, I always question myself: why did I do that? Could I’ve done any better?
So please try it, try it every time things don’t go as expected and you are going to find stuff about your strategy that aren’t working, but most importantly, patterns about yourself that would be very difficult to notice without an exercise like this one.
Anyway, what I’m about to share with you is what I think is critical to succeed in the forex market.
Put in practice the following ideas and you’ll eventually reach your trading goals (provided that they are realistic) and believe me, they will save you an enormous amount of time and money.
The 4 tips that will get you the results you need:
Follow these 4 ideas and you’ll be on your way to get consistent results. I can help you put these ideas to work.
I first analyze the long term charts to determine:
Once I have a list of the clearest currency pairs for the day, I switch over to the short term charts to look for my entries.
I use some of the easiest to use tools to trade the forex market:
I don’t use technical indicators, nor Fibonacci or Elliot Waves (I find them too subjective).
I have a very well defined trading plan, including risk & trade management.
The common denominator in everything I use to trade is: simplicity.
Since 2006 I’ve been a contributor to FxStreet.com the largest forex portal in the world
I’m also a contributor to ForexPros.com, one of the largest forex sites, providing analysis and webinars.
I provide daily analysis and trade ideas to forexnews.com the largest provider of forex news.
I’ve written several articles to the Traders Journal Magazine and the Forex Journal Magazine (Now a forex portal).
I provide articles to Trade 2 Win one of the oldest and largest communities of traders.
I’m a husband and father of three.
When I’m not with my family nor trading, either, I’m running or playing classical guitar.
Here I am crossing the line on my first Ironman.