About My Trading Method (NickB method)

[NickB]

In the world of Forex trading most traders are constantly searching for the holy grail of systems that will make them millionaires in a week. Like the search for the Fountain of Youth that system has never been found. Here is a hint why IT DOESN'T EXIST!

Rifling through forums like a crazy person looking for the magic combination of indicators is the short road to failure. If you are here looking for a system to make you an instant millionaire then you have come to the wrong place. If you are here looking for a method of trading that will make you a successful, consistently profitable trader, then you have come to the right place. Trading is not a get rich quick scheme, it takes hard work and dedication.

Systems built on indicators, signals, and mathematical constructs are unable to adjust to variants in the market. These systems are doomed to fail because they are built on the idea that the trader is the problem; remove the trader from the equation and you will be rich. Removing the trader from the equation is where a system's problem begins. Traders can learn to adjust to market conditions, systems cannot. At forex4noobs there are a few different methods, but my one is the most popular (it is my forum). My method is not a system, I do not use any indicators and there are hardly any set-in-stone rules. My method is based on candle patterns and support + resistance lines. These are not to be confused with pivot points or Fibonacci lines. The best thing about my trading method is you are not tied down to one specific style. You can implement certain aspect of it, and add others, to tailor make your own trading style.

As you begin to interact in the forum and chat room, let me give you a piece of advice; starting threads, or sending me PMs, asking me to boil down my method will not help you. It’s just not that easy. Yes, there are some basic rules you have to understand, such as placing support and resistance lines, and identifying candle patterns, but because it is a method, it is organic, and it adjusts to market conditions. You can only learn my method by actually trading and discussing trade opportunities with other traders. There are videos, a free ebook, a blog, a chatroom, and other resources for you to learn the basics of my approach. Get the basics down, and interact in the forums and the chat room. Stay with it and you will see results.

Below are some threads that talk about my method in general, and my trading methodology.

Question about systems and pairs
Question about when I enter a trade
Thread about demo accounts and why I think they are useless
Thread in which I answer a questions asked to me on the blog
Thread about what my system is (READ THIS ONE)
Thread in which I answer a newbies questions
Thread in which I explain my system
Question about my risk/reward ratio