I love to say that I am a new Forex trader. I like to think that I just happened to have learned about Forex, opened an account on a broker and voila… knowing what I am doing, I am already profitable. But that’s not actually the case. Like many of you.
I have been studying Forex and trading for more than 10 years now.
Like most noob traders, I went thru all the indicators, systems, expert advisors, online courses, etc… and nothing really worked for me. I was still losing and losing money. After all that, I decided to take a break.
I came back to Forex a few years later after reading a book called Naked Forex by Alex Nekritin and Walter Peters. I found this book in a thrift store while I was searching for something else. I found it pretty interesting and for a few dollars, I brought the book home to add it to my Forex books collection. One night, I opened the book and started reading it. I just couldn’t put it back on the bookshelves. It really opened my eyes! Could it be so simple? After all I went thru?
Now, I have simplified my trading. I trade the daily charts of the Forex major currency pairs using price action and market structure analysis in ranging and trending markets. I don’t use all those others lacking indicators anymore. Trading Forex is so simple now.
I have a day job so I have the time only to trade the daily charts. I don’t always trade every day, and I usually don’t have more than 2 positions open.
Who is this blog for? Not anyone in particular. I am writing this blog as a mean to keep a trading journal for myself. If it can help anyone with their trading than It will have been more than useful.
If you want to follow my progress, you can do it by watching my myfxbook at the following address: http://www.myfxbook.com/members/SimonZed1 . You can also take a look a the widget on the right of my blog.
Thanks for being here and happy trading!!