Re: Anybody having successfull formulae please share?
To all members.
Any body having successful buy and sell formulaes please share with me. I am new to the forum and not able to search the entire forum for time constraint. I am using fcharts se.
thanks in advance
Dear Sholay & Zeekid,
As our members have pointed out there are several formulae for different market conditions, but your chances of trading them with success are almost neglegible at the current time. The reason is any buy/sell signal will pass through periods of losses and it is during these times you will not have the courage to continue trading the signals unless you have faith in the system and understand the theory behind the automatic signals of the system you trade.
Despite this if the market characteristics change your system may not be designed to trade in the evolving market
I would suggest at this time you read about subjects like trading, Technical analysis and money management. Once you acquire a basic understanding of these subjects things will be clearer and you will understand the futility of searching for automatic trading systems and attempting to trade them without sufficient knowledge and experience in the markets.
I am confident you can become a good trader but you have to pass through several phases before you get there. Proceed a step at a time in the right direction.