Comments on: Build Your Own Trading Method (Part 1 Introduction)

By: traders india

traders india — Thu, 26 Mar 2009 13:52:45 +0000

The Forex market is a non-stop cash market where currencies of nations are traded, typically via brokers.

By: vikram

vikram — Thu, 12 Feb 2009 08:09:11 +0000

its a true fact i was also one of these kind of people…..then i created a method using elder-ray bull and bear indicators with 13EMA….and traded this method for the past 6 months ans it win in every 8 trades in 10….with a monthly return on capital of 75%-125% consistently…..

By: jidy

jidy — Mon, 02 Feb 2009 07:20:33 +0000

i think nick is right,sincerely i am one of those looking for holy grail that works but always on the wrong side,so i decide not to take anything unless what is good for me.

By: Syres

Syres — Fri, 16 Jan 2009 01:01:05 +0000

I would add, that listening to advice from a person who is already successful helped me a lot. I don’t mean only reading about method and what to avoid, but actually taking note of every bad trade that was avoided and why! This gives some picture about advice in action and when to recognize a situation that can be avoided.

By: bapxyz

bapxyz — Thu, 15 Jan 2009 04:08:48 +0000

Great post Nick. I feel, your best.

By: Ron

Ron — Wed, 14 Jan 2009 19:22:03 +0000

Hey Nick,

This is an absolute pearl of wisdom hear. I must admit, I look at nearly every new method preached on the web. While I do not recommend doing that, I do think it helped me in one capacity. Seeing all of these gimmicks brought some common themes that allowed me to develop my own personal system. This is where the real money is made, just as you mentioned in this blog. This is also what I tell friends as well.

I would suggest everyone within ear-shot to also continue learning more about investing, even after you have found your system that works. Reason being is that you can always improve your system to meet the demands of an ever growing and altering market.

Happy Trading!

By: Keith

Keith — Wed, 14 Jan 2009 15:54:02 +0000

Nick, Totally agree with what you say having been in the position myself. However, without looking at the various systems that are ‘out there’, I would have to say that I found it very difficult a) trying to develop my own system b) deciding what time frame to trade on and c)finding the opportunity to trade in the way I want. Without trying different systems to see how they work for the individual, I think it is extremely difficult to work out what you need. I would, however, always advocate at least paper trading in a live situation first and for as long as it takes to feel confident.
Thanks for the effort you put into these articles by the way, they are very useful and thought provoking!

By: ibeawuchi samuel chika

ibeawuchi samuel chika — Wed, 14 Jan 2009 15:38:23 +0000

Dear Nick,I believe the 129.83 low which was the lowest since 1995 has just been broken and the new low is now 128.75.price action is still tending lower and two possible scalp lines have just been added-128.75 and possibly 132.08.
What would you do if these two scalp line get broken this week even though you have made your weekly goal of 100 pips already?
pls comment!

By: Terence

Terence — Wed, 14 Jan 2009 14:22:41 +0000

There are probably hundreds of thousands of trading systems that work. But most people when given such a system will not follow it. Why not? Because the system does not fit them. One of the secrets of successful trading is finding a system that fits you.
~Trade your way to Financial Freedom, by Van Tharp

By: doggie01

doggie01 — Wed, 14 Jan 2009 08:05:37 +0000

So very true. I was a classic example of ‘following the pack’. It’s like the blind leading the blind. Since I started posting, and even started my own thread, I’ve chilled out to develop my own method. One that works for ME

Thanks for pumping out the articles Nick

Props