When you are new to trading you are quite gullible. You go to Google and type in trading systems and get lured in by "$3000 a month or your money back!". You begin to thing right off the back that trading is easy and you will be able to make a living off of this. WRONG.
You load up your Megaultratrader5000 and begin watching the entry/exits.
Two days pass after your first trade, and you have blown up your account.
This is not the way to get into technical trading.
If you really want to become good at something you need time. Open a demo account and try different things from there. Only you can know what works well with you and what doesn't.
Over the past year I have tried everything. Pivots, Stoch, MACD, ADX, DMI, RSI, EMA, Henken Ashi, Ichimoku Kinko Hyo, etc.
All of these have made ok results but have been quite mixed in Forex.
I have come to the conclusion that nothing is more true than price action.
The reasoning behind this is that market is never the same.
It is a living, breathing animal. What works today, may not work tomorrow. This is why I have gone back to the very basics of working on what happens in the market during certain times of the day.
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