I seriously think I can make a fortune in forex trading?

Well i have been learning about stock trading for 6 years and have developed a good system. Forex is a little different. I started last january. i blew up within weeks because i was uing 400:1 leverage. i also wasent cutting my losses. Anyway through some experience i think i have it a ltitle figured out. What i have to do is wait patiently for a trend to form and act on it. I have about 500 in my account right now trading 50:1.. i cut my loses at 20 pips and let my profits run. until there is a reversal. ii incorperate the fibonacci retracement signals amounst a few ocilattors/indicators. I also keep an eye out on the news that would affect a currency pair. I have also read a few forex traders turning a couple grand into 10s of thousands their first year. I honestly believe this can be me.. can any experienced forex trader advise me?
uhh its actually a minus sum gamethe winner does not make all the money with slippage and commissions look up alexander elder.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about forex trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about forex trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to forex trading indicators, the answer has been posted in the categories listed below:

I want to know how to read a stock and what Indicators should I look at to predict price movements?

I am new to stock trading. The platform I use is ThinkorSwim from TD Ameritrade. I am investing a start with ,000 as a beginner. So any help will be great for a start up like me.

1. How to read a stock?
2. What stock Indicators should I read on a certain stock
3. How do I select a stock that us going to make some money for me LOL

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

This question was about trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to trading indicators, the answer has been posted in the categories listed below:

How to know the number of bidders for a particular stock?

Hi,
I am new to stock market and have been reading lots of article to know what stock market is and how to trade there.

I was curious about the fact that how can some one know, that at a point of time, how many people out there bidding for a particular stock?
Is there any paid or free service available which can let me know that information? To my point of view, apart from all the technical indicators, if you have this information, you can make more informed decision for a particular stock.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

Is it possible for a market maker to "run stops" (deliberately trigger a stop) in currency trading?

I know this happens in stock trading, but what about in currency trading? I don’t know if there are actual market makers in currency markets. I’m asking because twice in one day, my stop was hit almost exactly and the price immediately reversed.

Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.

What's the best way for a beginning stock trader to start trading stocks?

Could you provide websites relevant for beginning stock traders to assist them in knowing which stocks would be best for them to begin trading and indicators for learning to recognize when to buy and sell a stock.

Trading indicators are best used along with money management and good risk control, using tesnical indicators alone will not enable you to ne a successful trader, the market is just too random

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