How to Trade Using the 200 Exponential Moving Average
Uploader Comments (InformedTrades)
Top Comments
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Well they do this for free. I don't see anything wrong with the presentations.
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You will lose money doing this
All Comments (15)
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I like your video - subscribe to my channel and friend to have day trade videos
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@blackberryjuice1 You clearly must be doing something wrong. The problem with courses is that many traders have perfected their own type of trading routine. And their routine may not sit well with you as an individual. Purchasing 4 different trading system will just add confusion. I started off with £250 in my account and traded with 50p PP. I took many losses before I created a routine that worked well for me. Now i have built up my account, and have made a lot of money.
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of course there is no such thing as "constant winning system". i dont think thats the claim.
i actually lose more trades then i win, however as informed trades mentions "risk reward" 2:1 or greater, and i cut my losses quick nor more then 4%, and i let my winning run, with targets at least 8-10%. so i can lose 3 out of 5 trades and still be in the game. only risk 2% of you're total account. so you can stay in the game. Non emotional technical trading. good luck.
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I started trading forex 25 days ago and lost 65% of my money in the first 10 days of trading. Then I started trading according to a method that depends on 200EMA (not this one) and just that method made me get all of that 65% back. I made 150% profit on my remaining balance using 200EMA. So you're wrong if you think that moving averages are useless.
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Any indicators relating to moving averages WILL LOSE YOUR MONEY. Pls traders stick to price action. And learn in depth every indicator or oscillator mentioned. I do not want to boast but i guess i'm one of those 3% traders that have a high winning ratio. Btw, I DO LOSE AS WELL. So strict money mangement is the key to success......
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Err, no offense but i've been trading fx for 3 years and i just invested my profits in real estate and currently make a passive income. So fx DO give you cash. But here's the fact, THERE IS NO SUCH THING AS A CONSISTENT WINNING SYSTEM! I don;t use any system or upto date indicators. here's what i use:- price action, fibs, trendlines, Elliot wave and stochastic. That's it. I don't use moving averages or crossovers. .
Just a warning everyone. I've purchased Peter Bain's course as well as three other trading systems back in 2003-04 and have been attempting to trade forex for five years. My account balance is still below $100 even though I'm trading microlots. Forex is not get-rich-quick and you can spend years and still be unsuccessful despite buying several trading courses...
blackberryjuice1 2 years ago
hey blackberryjuice,
I'm sorry to hear about your troubles. I'd recommend checking out the courses at InformedTrades -- they are totally free, and the community is there to help.
InformedTrades 2 years ago
My question is : how were you able to see break out candle before it happened to draw that trendline ... to put your SL below it? Because you drew that trendline joining one candle's low with the break-out candle's low ... but at your entry level ... breakout candle has yet to appear ... how did you drew that trendline ? Or are you just pulling us around ?
zotopec 2 years ago
the stop placed based on risk/reward issues as well as moving averages. once the trendline started forming, that was simply something else to watch for (a break below that trendline).
InformedTrades 2 years ago