Stevenglobal Forex
Business Learning

I do agree that "Don't trade, if you need to make money". This is the fact and the negatives. So how do we translate this?

"Do study and research, if you need to make money" or 
"Do the work well enough, and you may get the paid".

Teacher teaches us on how to pronounce the "A B C", but are we saying the "A B C" all the time?
The fact is that, we use it only to teach children right? The rest of the time we don't do that.

We may find the teaching of " A B C " a lot in the forex.

But do we use the A B C all the time? It is actually meant for beginners to show how "A B C" works.
 

 

The actual strategy is Mixing "A B C" to form a new word. From a new word, mix with conditions, then it forms a sentence. A sentence only use once for a specific meaning that you want to express and to get a response.

If you are going to decide that one day your main source income is forex,

firstly try to understand the forex.
a) The time frame
b) The indicator
c) The money management
d) The strategy
e) The time you available to play

I believe that forex can be very addictive, same as those children play hours of online games without tired. As in forex, it's much more tiring than online games, games is entertainment, but forex is mentally stressed.
Alright, forget about those things, now lets' get started.

a) The Time Frame.
- the lower the timeframe, the less useful of indicators
- the longer the timeframe, of course the more useful of indicators.
- the lower the timeframe, the low stop loss and the low profit target is expected.
- the longer the timeframe, the more stop loss is needed and the more profit target is expected.
- the lower the timeframe that you could make money of, it generate monthly income for you.
- the longer the timeframe that you could make money of, it generate "side" income for you.
- the lower the timeframe, the more stress you will get
- the higher the timeframe, the less stress you will get.


b) The indicator.
- The indicator very closed relation with timeframe. Some doesn't work. "Do you homework"
- Some indicator is redrawing the indicator. "Do you homework"
- Some indicator is lagging indicator. "Do you homework"
- Some indicator just simply guessing the line, such as Fibonacci. It's hard to predict the "C" level.
- Some does use correlation currency pair concept. "Do you homework why it doesn't work all the time."
- Every indicator has it's own strength and weakness. Believe me, you have to use at least 2 indicators.
- Indicators looks good at chart...but it shows 24hours chart. Ops, you miss the time again and again.
- One thing for sure, most indicators acts "normal" during important news release.

c) The money management
- Mostly involved Risk : Reward concept.
- If you don't know how to risk minimum money in order to get the reward, it's a worst thing in your life.

d) The strategy you are developed
Simply a style of playing such as (time, pips needed, $ per pip)
- more time, more pips, more $ per pip
- more time, more pips, less $ per pip
- more time, less pips, more $ per pip
- more time, less pips, less $ per pip
- less time, more pips, more $ per pip
and the lists continues.....
The question is does it need to have +1000 pips in order to make money?
How many pips do you need in order to make money?
If your system makes 300pips, does it mean a system with +2000pips means much better?
If you ever mention +2000pips system, kindly find out, +2000pips per day? or +2000pips per year?
Then you would probably know 50% of the story and the 50% is actually "the risk" story that is missing.

e) The time that you are playing.
All the formula, timeframe, indicators, money management, the strategy must able to tolerant each other.
You may find everyone is likely to play H4 because the reason of this andyou may find another reason, they will stay for it for a very long time. Why?
It's a simply of, a shorter timeframe gives your result faster.
H4, gives you a more time to know you are loss and wins.

If you want to make money in forex:
a) Everything is a daily result
b) Timeframe maximum H1, minimum M15. If you want to work hard for the money, it is actually M1.
c) Look for leading indicators. Believe me, M1 don't need any indicator is the best.
d) The risk and reward "once you know the method you want to play"
e) The time you available to play. Don't play 24hours. It's not a "WORK". Instead, focus on study.
If you want work, there is a lot of work out there. Forex is a strategy focused. not work focused.

Those playing H4 is simply a "side" income or a part time income.
Kindly do the homework above, and explain what I'm actually suggesting. Am I strict? Well, don't we quite serious about it....and I don't want to find out someday we all say....We have been in forex for 5 years, nothing much happen.

You are ready when you know what I'm talking about from the above. You are not ready if you don't know how to mix around the tools and the knowledge you have learnt.

Still figuring out how to mix "A B C" in forex? 
For example:
The "A" is part of a word / noun : Such as an "Apple", "Angel", "Ace", "pleAse"
Constructed sentence : Such as "Do you like to eat an Apple?"
Condition or timing is needed : Such as you won't ask everybody about it.
Frequency : Such as ask once is enough. Don't use it that often.

Well, there are words like "the", "is" and etc.. are used often, therefore, it is the same as in the forex. Look out the very basic things inside the forex.

Let's see how it works:-
Apple = A mixture of A, P, P, L and E indicators, stop loss and target profit (total of 5 characters).
Sentence = how to use it in a more appropriate way. You can't say "Do like apple?" You miss out the words.
Condition / timing = when to use it for the most promising profit.
Frequency = use it only when needed. Not all the time.
Frequently accompanied word = candlestick, timeframe, sessions that you are trading.

 

 

In Summary,

 

As in language you start with the basics (the ABCs or the alphabet) and then you develop the ability to translate the alphabet into words, sentences, phrases, and finally intelligent concrete well thought out ideas, the same sort of development, growth, and construction is done in forex. We learn a lot of concepts (ABCs) in forex. But until one learns how to formulate the concepts into workable solutions/strategies, adapted to one's own style and psychology, one is forever operating on the basic level of the ABCs and will never be able to graduate into the status of an independent individual/trader.