Forex Trading, Is It Hard?

Article by Loz Lawn

has written 49 awesome articles for us at Free Forex Currency Trading Course

June 29, 2010 · 30 comments

in Module 1

Some say it’s hard trading the forex, some say it’s easy.

What do you think?

What are your main struggles trading the forex?

Let me know your thoughts by letting me know here, by replying to the blog post, thx. :)

As the weeks and months go by, I’ll be providing you with unique, free, unhashed content, including videos.

Some of the stuff I’m going to show you will illustrate MANY different strategies you can try.

I’m not sure how many I will show you, but there will be a LOT of them. All you have to do is study them all and chose the one that you like best.

And from time to time I’ll issue out some forex trading signals – long term, low risk with high reward.

In the 12 years I have been trading foreign currency exchange markets, I’ve heard many different views, opinions on what’s best and what’s not.

Some prefer short term, scalping trades.

I prefer long term, holding on to trades for as long as a week.

Short term trading is ok, holding on to a trade for an hour or so, but this will burn you out over time. It’s burnt me out several times during my course of trading. Spending far too much time hunting out small pip gains, trade after trade, as many as 40 trades or so a day.

Just far too stressful for my liking…

I found that spending less time, as much as 1-2 hours a day looking for signals that will produce what 40 trades would yield in just a few trades.

Leaving me with plenty of time to do other stuff. And more importantly, keeping my social life in tact.

Any ways, every 2-3 days, keep a look out for my posts.

And of course, you can always contact me if you have any questions about anything including any video illustrations you would like me to make for you.

Until then, thanks for reading, I hope this forex training blog will help you make better informed trading decisions.

All the best

Loz

Looking for the ONLY Indicator to Produce 100% Wins
http://UltimateGoldenCross.com

Need a Forex Mentor?
http://forexsignalmentor.com/

{ 30 comments… read them below or add one }

saurabh July 5, 2010 at 1:11 am

nice

Reply

Dave July 5, 2010 at 3:53 pm

I’m very interested in what you are providing. I’ve traded in forex on and off for the past 4-5 years, mostly doing day trades. Though I had some success over that time, I ended up losing more than I made, mainly because I felt the need to put on a trade even when there wasn’t a clear signal. As a result, I agree with your sentiments re short term trading. After a break and opportunity to rethink things, I’m convinced that longer trades would probably be better for me, although I’ve lost a bit of confidence based on my experience. As a result, I’m looking forward to seeing what you provide and whether it will in fact help me.

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admin July 6, 2010 at 10:01 am

Hi Dave,

Welcome :)

One of the hardest parts to grasp straight away is knowing how long to keep a trade open.

You’re right though, Forex has this tendency to knock a guy down. I’ve been bashed around a few times myself.

As soon as I found what it was I was doing wrong, I fixed it immediately. I knew that I was keeping my trades open not long enough, or for too long.
Few months of demo account trading can cure that.

If it works on a demo, it will work on a live account.

All of what I show you in these videos, are intro’s to the indicators available to us, then in later videos we use more than one indicator to strengthen the signal.

If there you have any questions on something else you would like me to cover that is not covered on this blog, please let me know and I’ll create a new category section “requests” and add the newer posts there. :)

Cheers

Loz

Reply

venice July 5, 2010 at 7:21 pm

May I know what’s the difference between the two programs you are selling?

Reply

admin July 6, 2010 at 10:03 am

Hi

Ultimate Golden Cross is an Indicator that has been fine tuned to find very profitable signals.

Forex Signal Mentor is a set of videos that show you the best set of strategies anyone, regardless of experience can follow and carry out, there are others, but they are harder to understand, so I left those out and put the easy ones in. :)

Loz

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jaime July 6, 2010 at 11:29 am

Can I also get the links to the vids and strategies so I can begin fine tuning my burgeoning forex education? thank you so much for this service …

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admin July 6, 2010 at 1:39 pm

They will be delivered to you via email. :)

Just make sure that you filter my email address into a folder in your inbox and have it go in that folder as emails are delivered. :)

Loz

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uriel July 6, 2010 at 8:40 pm

como saber si es bueno

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admin July 6, 2010 at 9:03 pm

Only way to find out, is try :)

Reply

Mohadar July 6, 2010 at 11:41 pm

Hi,

My concern in forex is the money involved, the signal, and the risk involved. Kindly advice me regarding the matter. Thank you.

Reply

jose oswaldo July 6, 2010 at 11:46 pm

ok i am ready

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Bhagya July 8, 2010 at 2:07 am

really good and I am really ready

Reply

A.Jeevan Jothi July 8, 2010 at 2:34 am

forex is a very good trading. I like it

Reply

Lê Hữu Hoàng July 8, 2010 at 7:03 am

I found them so, but you can give me more information about them not

Reply

oladele July 8, 2010 at 11:30 am

we guys no u ar the best and the real cocnsultant…

Reply

Phước July 9, 2010 at 3:11 am

I think the exchange transaction is not easy, especially the exchange of business. Business exchange it contains a lot of risk!
I myself have not involved the exchange of business ever, but I think it is not easy. I think my business will never be it!

Reply

admin July 9, 2010 at 8:01 am

Hi Phước

We’re not exchanging businesses here. We’re buying and selling two different currencies.

Yes, it is risky, but the risk is reduced with an accurate trading strategy, patience, and the right money management.

But to be honest, I don’t feel the risk since I’ve been doing this for so long, there are no second guesses. I do my analysis, and have confidence in myself; this is what ppl need to have in themselves and determination if they want to do well in the forex.

Forex is easy and in time, we’ll all learn to discover how easy it really is, once everyone has gone through the course. :)

All the best

Loz

Reply

Dave July 9, 2010 at 3:55 am

Hi Loz,
Joined about a week ago, And have been using the IMACD strategies,This is a bloody great system, Made me over 400 pips in a week, I only trade a few hours in the afternoon due to my job. So Loz keep the strategies coming in, Once again many thanks

Reply

Wahyu July 10, 2010 at 1:26 am

i was trading forex for not more than 0ne year and i lost much money, just click and click like a car moving without light in the night..i have no mentor
would you like to share your strategy to me? thank you

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Phil August 15, 2010 at 6:51 pm

Hi Loz,
I am interested in your service. I have tried many different indicator based systems. But have gone back to doing Fib analysis on different time frames and relating this to the 200 EMA and support and resistance on just the one Pair GBP/USD. This allows me to focus on this one pair and helps me anticipate its moves. I am interested in being part of a community to share ideas and trade together. Is the $97 price tag a one off giving us access to the skype room or is it a monthly fee? You have probably outlined this already but being a typical Aussie bloke, I have trouble with instructions :)

Thanks Loz.
Phil

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William R Brown August 24, 2010 at 11:33 am

Hi Loz, I have been trading for around 3 yrs now with nothing to show for it except a head full of ideas on how to do it. I purchased your 13 strategy course about 3 weeks ag0 and reviewed it a few times. It has some fresh ideas for me but I still can’t develope my confidence in executing the signals I think I’m seeing. I’m trying to simplify my tradeing to eliminate over analasis,but its easier said than done. I just want to know a good trade from a bad one in an instant or any instance. Help! William

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Krysten August 25, 2010 at 3:50 pm

I am also looking to stay into trades longer. I am a new trader and my problem right now is confidence in knowing when to get in, move my stops accordingly to maximize profits while minimizing my losses. I could definitely use more guidance. I certainly have the discipline. Thank you, Loz.

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Michael September 3, 2010 at 9:31 am

Hello,

I signed up for the 12 month course and am ready to see what you have. Question: Where can I see more about this custom indicator you were speaking of, the only option I see is to buy it. I would like to see screenshots and more information about it if at all possible. Thanks

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admin September 4, 2010 at 10:15 am

There’s another post here called: how was golden cross born, that contains some more info about it :) the home page has more images about it.. http://ultimategoldencross.com/index2.php

Reply

joshua bulus kwaghe September 6, 2010 at 12:21 am

What does one need in trading than the secret of being profitable consistently?

This is not easily achievable because of many factors. A lot of hungry Lions on

the net seeking for whom to devour. Claim to be of help but frequently ends up back to

square one. This nasty experiences is scaring. Most of the knowlegeable genuine and

successful traders do not want to freely and sincerely share what they have with lay and

struggling majority.

trader

Reply

admin September 30, 2010 at 6:43 am

Hi Joshua,

Patience is the main thing really, most ppl get frustrated and lose and wonder why. They have no patience.

All the best

Reply

Granny Nelson September 30, 2010 at 6:14 am

anxious to get studying. The above comments make me excited. Thanks in advance for all you do.

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admin September 30, 2010 at 6:43 am

You’re welcome Granny :)

All the best

Loz

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james Gregory January 26, 2011 at 2:03 pm

using stops is the biggest with me to close most of the time and get stopped out i trade a daily chart

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Henk February 1, 2011 at 11:57 pm

Joz
My biggest problen is to determine the change of trend. I find that the indicators I use show me a prevailing trend and it is strong. As soon as I make my trade there is an immediate and very strong reversal. If I do not make the trade the trend continue.
Henk

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