You know, i’ve been trading for at least more than 2 years. Literally, i’ve been sitting on the computer at least 6 hours a day. There was not one day, that I didnt sit on the computer studying the market. I’ve bought many things, and got scammed with my money. I’ve deposited money that was my monthly’s salary, and lost all of those money, down to less than a dollar. I’ve tried every indicator there is. I retested one month, last month, thought it would refresh my mind, and give me good ideas. No, not at all, it didn’t help. So, is threre anyone out there, that could help me? I promise, if you want me to keep it a secret, I will be glad to, I promise. But, if you want me to spread it, I will too. I keep promises, trust me. Right now, I am writing and studying the market, losing 0 on a position right now. 
I don’t know what to do. Can anyone out there, be really nice to someone in need, I would be the happiest man in history. I am in huge debt, I don’t know what to do. Please!
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:
Related posts:
- Why the 95% of Forex traders loosing money instead of making money?
- Forex and Stock Traders….Read this…?
- Is there a service that will send me alert via email or SMS when price touches certain moving average in Forex?
- which is best indicator for nifty traders?
- Self-employed stock traders: What is your backup strategy?
- Forex trading advice needed!?
- Is Forex Tsd Running A Forex Signals SCAM ?
- FOREX Trading Question?
- Where & How can i download Forex trading software i.e Fx (forex, stock,currency)software online ?
- ATTENTION PROFITABLE FOREX TRADERS: what type of indicators do you use (fibbonacci, bollinger bands, Elli…?
Hi, sorry you lost your money and have been scammed but you should not be paying to learn how to trade. There is so much free information out on the web and the free information is usually better than the paid information.
I have been trading Forex for two years and had a rocky nine months at the begging. I lost $12,000 in nine months and as a student to me that was a lot of money!! Eventually I found free sites like babypips.com and forexfactory.com which both helped me tremedously.
After I found those sites I was doing pretty well, I would make consistent profit but I found myself always trying new indicators out and changing my system. About two or three months ago I found another site called http://www.forex4noobs.com (again a free site) and that helped me see Forex in a different light. After implementing some of the things from the site with what I learned from babypips I became truly profitable.
I really respect the owner of Forex4noobs. He can be a bit of an asshole sometimes but he is a wealth of knowledge and inspiration. He is inspirational because he is only 21 (been trading since 15) and he trades close to one million dollars. His trading method differs from most as he does not use indicators. Bellow is an excerpt of something he wrote on his site:
“The idea for this site is for me to teach you how I trade the Forex markets. I have been trading financial markets for 6 years now, Forex for 4 years and I consider myself a professional trader. Now my way of trading is a little unique: I do not set-up a few indicators and say “enter when this crosses this and that crosses that.” In fact, the first thing I say when teaching somebody my method is THROW YOUR INDICATORS IN THE BIN!!
Now that they are in the bin, we can learn to trade based solely on the information our charts give us. It’s a low stress, no confusion way of trading that is extremely effective.
It may seem impossible to trade without indicators but all I ask is that you keep an open mind and have a look through the site. It may just help you become a very successful trader.”
I’m sorry that you lost money. A loss does not mean you were "scammed"; it means that you made a mistake.
You seem to think that stock trading is like an hourly job, where if you put in the hours, you are entitled to be paid. It isn’t. You get paid for being right.
Do you really believe that if there was some indicator out there that worked in a purely mechanical way, you and your little PC would find it while Goldman Sachs, Bear Strearns and all the big hedge funds with their massive computing horsepower will miss it?
Stop trading until you learn some more about how the market works. Start by reading "Random Walk Down Wall Street" and "Real Money". Good luck.