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Anigold's Posts

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Business › Re: Free Accurate Forex Signals by anigold(op): 5:34pm On Nov 07, 2013
OUR TRADING RECORD SO FAR ON THIS THREAD IS AS FOLLOWS;

number of trades= 15
number of won trades= 14
number of lost trade(s)=1

Thats 93.33% winning rate.
-------------------------------------
NOTE:These signals are posted real time before the trade occur.
----------------------------------------
This thread was created by me to proof to fellow Nigerians that in the mist of so many scams/lies/myth in Forex Trading, that there are still few folks out there who are making a kill(good income/good living) in the forex market consistently,most of these excellent traders are not on popular forums.
Business › Re: Free Accurate Forex Signals by anigold(op): 3:17pm On Nov 07, 2013
anigold: Trade 15 sell GBPcad now or sell GBPcad at 1.67542

stops= 47pips
targets= 100pips or more
reason for trade; bearish setup formed.
Risk 2% here

----------------------------------------
Goodluck and happy pipping
another win in the bag, wao hahahahah
PRICE ACTION IS THE FOREX KING....
Business › Re: Free Accurate Forex Signals by anigold(op): 11:08pm On Nov 06, 2013
Trade 15 sell GBPcad now or sell GBPcad at 1.67542

stops= 47pips
targets= 100pips or more
reason for trade; bearish setup formed.
Risk 2% here

----------------------------------------
Goodluck and happy pipping
Business › Re: Free Accurate Forex Signals by anigold(op):
This trade is up with some profits so manage the trade properly.

CURRENTLY MY SIGNAL RECORD ON THIS THREAD HAS PRODUCED 13 TRADES; 12 WINS + 1 LOSS.

anigold: Trade 14 Buy AUDusd now or Buy AUDusd at 0.95024
stops=41pips
targets= 95pips
reason for trade= bullish setup formed on daily
risk 1% here
------------------------------------------
Buy AUDcad now or buy AUDcad at 0.99344
stops= 41pips
targets=82pips
reason for trade= bullish setup formed on daily
risk 1% here
===========================

so we are risking 2% on these trades.

Good luck
Business › Re: Free Accurate Forex Signals by anigold(op): 11:19pm On Nov 05, 2013
Trade 14 Buy AUDusd now or Buy AUDusd at 0.95024
stops=41pips
targets= 95pips
reason for trade= bullish setup formed on daily
risk 1% here
------------------------------------------
Buy AUDcad now or buy AUDcad at 0.99344
stops= 41pips
targets=82pips
reason for trade= bullish setup formed on daily
risk 1% here
===========================

so we are risking 2% on these trades.

Good luck
Business › Re: Free Accurate Forex Signals by anigold(op): 8:46pm On Nov 05, 2013
Likely trades for 6/11/2013
------------------------------------

1)AUDcad; This pair is about to form a decent bullish indecision candle on the daily chart just above 0.99000 a powerful psychological point, so if this forms(and closes above 0.99000) we will likely buy this pair pushing price towards 1.00000(another key round number)....
So come around 10-20 minutes after NEW YORK CLOSE for any possible trade.

2)NZDusd; This pair is about forming a good bullish setup just above 0.83000 a key resistance and psychological number,so if this setup forms we will likely buy this pair pushing price towards 0.84000.
Note; Theres a news on NZD(employment change) at 4;45PM (15 minutes to NEW YORK close), This news may likely affect the movement of NZD pairs this week, am anticipating a bullish movement from this news(buy move nzdusd).
Business › Re: Free Accurate Forex Signals by anigold(op):
Likely trades for 7/11/2013
----------------------------------

1)GBPcad; This pair is about forming a decent bearish setup at 1.68000 a decent psychological point, so if this forms we may likely sell pushing this pair towards 1.66000.

2)EURcad; This pair is about forming a decent bearish setup at 1.41000 a strong psychological point so if this forms we may sell this pair pushing price towards 1.40000.
-----------------------------------------

So come around 10-20 minutes after ''New york close'' for any possible setup.
Business › Re: Free Accurate Forex Signals by anigold(op): 5:16pm On Nov 05, 2013
anigold: Trade 13 Buy limit on EURusd at 1.35050
stops=40pips
targets= 90pips
reason for trade= bullish setup on daily chart.

Risk 1% here
------------------------------------------
Buylimit at 1.92430 on GBPnzd
stops= 50pips
targets= 200pips
reason for trade= bullish setup formed.
Risk 1% here

===========================
so we are risking 2% here.
I will try to monitor these trades for possible update .

Good luck...
Trade 13= 60pips net profits
--------------------------------------
If you are using a decent broker(with low spread) GBPnzd trade could have made you atleast 100pips; for the ''buylimit on GBPnzd'' as i anticipated price moved down to 1.92413(fxopen)/1.92398(axitrader) to trigger our 'buy-limit order'@ 1.92430(just few pips difference) then fire up over 117pips before retracing down. I made 100pips profits on some accounts.

BUY EURusd = -40pips loss
Buy limit on GBPnzd= 100pips
net profits= 60pips profits.
----------------------------------------
Net Profits= 60pips profits
Business › Re: Free Accurate Forex Signals by anigold(op): 2:13am On Nov 05, 2013
Update on Trade 13;

if your GBPnzd buylimit is not trigger right now;

Buy EURusd at 1.35150
stops= 45pips
targets= 90pips.

Risk 2% here.

anigold: Trade 13 Buy limit on EURusd at 1.35050
stops=40pips
targets= 90pips
reason for trade= bullish setup on daily chart.

Risk 1% here
------------------------------------------
Buylimit at 1.92430 on GBPnzd
stops= 50pips
targets= 200pips
reason for trade= bullish setup formed.
Risk 1% here

===========================
so we are risking 2% here.
I will try to monitor these trades for possible update .

Good luck...
Business › Re: Free Accurate Forex Signals by anigold(op): 10:05pm On Nov 04, 2013
Trade 13 Buy limit on EURusd at 1.35050
stops=40pips
targets= 90pips
reason for trade= bullish setup on daily chart.

Risk 1% here
------------------------------------------
Buylimit at 1.92430 on GBPnzd
stops= 50pips
targets= 200pips
reason for trade= bullish setup formed.
Risk 1% here

===========================
so we are risking 2% here.
I will try to monitor these trades for possible update .

Good luck...
Business › Re: Free Accurate Forex Signals by anigold(op): 6:17pm On Nov 04, 2013
Likely trades for 4/11/2013
----------------------------------------

1)EURusd; A bullish setup is about to form on support zone 1.35000-1.34600 so, if this setup forms we will likely buy this pair pushing price towards 1.36000. Also if this bullish setup closes above 1.35000(a powerful round number)this really give more strength for an upward move.

2)EURcad; This is about to form a decent bullish signal just above 1.40000 a powerful psychological point, so if this setups forms we will likely buy this pair pushing price towards 1.42000.
------------------------------------------
SO COME AROUND 10-20 MINUTES AFTER NEW YORK CLOSE(10PM) FOR ANY POSSIBLE TRADE.
Business › Re: Free Accurate Forex Signals by anigold(op): 8:48am On Nov 03, 2013
Happy sunday guys wishing you all a happy and successful pipping week ahead. There are so many economic reports this coming week so watchout for this news events.
Business › Re: Free Accurate Forex Signals by anigold(op): 7:05am On Nov 02, 2013
This trade ended(SELL AUDUSD) with 37 pips profits.

Happy weekend guys.

CURRENT RECORDS;

11 WINS+1 LOSS= 12 TRADES.

anigold: Trade 12 sell AUDusd now or sell Audusd at 0.94614.
Stops=47pips
targets= 100pips
reason for trade; bearish setup formed on daily.
Risk 2% here.
Business › Re: Free Accurate Forex Signals by anigold(op): 11:42pm On Nov 01, 2013
Trading outlook for 3rd to 8th November 2013
=================================================================

1)Eurusd: This pair soldoff violently from key 1.38000 for over 300pips,and closed on friday sitting on key daily support 1.35000 so we will be looking for a potential

gradual bullish corrections/signals next week.

2)GBPusd: This pair fell-off over 280pips after forming a bearish setup at resistance point 1.62000.Price finally closed at key support
1.59000, so am expecting a bullish setup to form here next week.

3) EURaud: This pair sold-off 265pips from 1.45000 a resistance point to closed at 1.42667 the key support point, so we will be looking at this level for possible

signal. on the weekly chart a bearish setup has formed indicating that price may likely reach 1.40000 this month.

4)GBPaud: This pair also moved lower over 120pips from resistance point 1.70000 but on the weekly chart a decent bearish setup has formed below 1.70000 signalling that

price may likely move lower towards 1.65000

5)AUDusd: We had a decent bearish entry on this pair. Price did formed two consecutive bearish setup around 0.950000(the last support zone)so i expect price to move

lower towards 0.94000-0.93000.

6) NZDusd: This pair closed on Friday forming a decent bullish setup just below 0.82000(key support on daily/weekly),on the weekly chart a bullish setup did formed so

i expect price to move upward before falling down in lie with the new bearish trend on the daily chart.

7)GBPnzd: price did tank lower from key resistance point at 1.95000-1.96000, so we will watch this pair for any possible setup.

coolGOLDusd: price moved down over 350pips from resistance point 1360.000 so we will watch this pair for possible price action setups.

9)GBPcad: Price did closed below the last key support zone at 1.67000,so i expect price to continue tanking down towards 1.65000 before we can look for a decent

bullish correction setup.

10)EURcad: price moved violently from key resistance at 1.44000 to close below the last support 1.41000, so i expect price to hit 1.39455 before we can look for a

possible bullish run.

11)AUDcad: This pairmove down from key resistance and psychological point 1.00000 and price is approaching 0.980000 a key support number, so we will be looking for buy

signals around the 0.98000 region next week.
===================================================================

wishing all a happy and joyful weekend ahead.
Business › Re: Free Accurate Forex Signals by anigold(op): 6:26pm On Nov 01, 2013
This trade ended in profits, making our record 11 wins: 1 loss
anigold: Trade 12 sell AUDusd now or sell Audusd at 0.94614.
Stops=47pips
targets= 100pips
reason for trade; bearish setup formed on daily.
Risk 2% here.
Business › Re: Free Accurate Forex Signals by anigold(op): 1:36pm On Nov 01, 2013
Hello guys theres a news on USD at 10am New york time so if our sell AUDUSD IS STILL RUNNING NEGATIVE prior to news time move stops to 1% loss, but if the trade runs into profits quickly move stops to breakeven.
anigold: Trade 12 sell AUDusd now or sell Audusd at 0.94614.
Stops=47pips
targets= 100pips
reason for trade; bearish setup formed on daily.
Risk 2% here.
Business › Re: Free Accurate Forex Signals by anigold(op): 10:56pm On Oct 31, 2013
Trade 12 sell AUDusd now or sell Audusd at 0.94614.
Stops=47pips
targets= 100pips
reason for trade; bearish setup formed on daily.
Risk 2% here.
Business › Re: Free Accurate Forex Signals by anigold(op): 11:33am On Oct 31, 2013
Trade 11 ended with a 0.9% loss;

BUY GBPCAD= - 35PIPS LOSS
BUY AUDCAD= + 10PIPS GAIN

NET RESULTS= -25PIPS LOSS
THATS 0.9% loss.

For those who lost dont worry or panic many good trades will come and dont try to take a revenge trade, The market will always reward the patient/discipline traders.
Well i ended the month with 9-19% profits on all manage accounts, That may look like a very small return if you are trading an account size with small equity but on a large account size thats a good return.
------------------------------------------

DONT BE FAST TO FIND FAULT WITH THIS LOST TRADE, LOSSES ARE UNAVOIDABLE IN FOREX BUT FOR ONE TO BE PROFITABLE YOUR WINS MUST BE GREATER THAN YOUR LOSSES.

FOR THE RECORDS OUR WIN RATIO HAS BEEN LIKE 10 WINS ; 1 LOSS

anigold: Trade 11 Buy GBPcad now or buy GBPcad at 1.68025
stops= 35pips
targets= 100pips
reason for trade ; bullish setup formed.
Risk 1% here
Note; Theres a news on GBP in the next 12 hours so once price move into decent profits move stops to breakeven
------------------------------------------
Buy AUDcad now or buy AUDcad at 0.99348
stops= 35pips
targets= 71pips
reason for trade; bullish setup formed
risk 1% here
-----------------------------------------

so we are risking 2% here.
Goodluck.

Sorry for being late to post today.
-----------------------------------------
Business › Re: Free Accurate Forex Signals by anigold(op): 11:14pm On Oct 30, 2013
Trade 11 Buy GBPcad now or buy GBPcad at 1.68025
stops= 35pips
targets= 100pips
reason for trade ; bullish setup formed.
Risk 1% here
Note; Theres a news on GBP in the next 12 hours so once price move into decent profits move stops to breakeven
------------------------------------------
Buy AUDcad now or buy AUDcad at 0.99348
stops= 35pips
targets= 71pips
reason for trade; bullish setup formed
risk 1% here
-----------------------------------------

so we are risking 2% here.
Goodluck.

Sorry for being late to post today.
-----------------------------------------
Business › Re: Free Accurate Forex Signals by anigold(op): 11:38am On Oct 29, 2013
Trade 10 results= 200pips profits
----------------------------------------

A) Buy EURAUD= 90 pips profits target hit
B)sell NZDusd= 50pips.
C) sell GBPusd= 60pips profits.

Total Profits= 200pips Profits

Am done for today.
anigold: Trade 10 buy EURaud now or buy euraud at 1.43984
stops= 45pips
targets= 90pips
reason for trade= bullish setup
risk 1% here
----------------------------------------
sell nzdusd at 0.82992
stops= 35pips
targets= 90pips
reason for trade; bearish setup formed on daily
risk 1% here
----------------------------------------
sell gbpusd at 1.61399
stops= 45pips
targets= 90pips
reason for trade; bearish setup formed at resistance zone on daily
risk 1% here
===========================

SO WE ARE RISK 3% on all positions.

Goodluck to all
------------------------------------------
OUR TRADE RESULTS ON THIS THREAD IS;

10 TRADES= 10 WINS
Business › Re: Free Accurate Forex Signals by anigold(op): 6:55am On Oct 29, 2013
anigold: Trade 10 buy EURaud now or buy euraud at 1.43984
stops= 45pips
targets= 90pips
reason for trade= bullish setup
risk 1% here
----------------------------------------
sell nzdusd at 0.82992
stops= 35pips
targets= 90pips
reason for trade; bearish setup formed on daily
risk 1% here
----------------------------------------
sell gbpusd at 1.61399
stops= 45pips
targets= 90pips
reason for trade; bearish setup formed at resistance zone on daily
risk 1% here
===========================

SO WE ARE RISK 3% on all positions.

Goodluck to all
Trade 10 updates:
--------------------------

A)BUY EURAUD= 90PIPS PROFITS TARGET HIT

B) sell nzdusd= stops at breakeven, still holding on some accounts.

C) sell GBPusd= 60pips profits closed , but on some other live accounts trade is still running.
Business › Re: Free Accurate Forex Signals by anigold(op): 4:15am On Oct 29, 2013
These trades are running in good profits so please move stops to lock in Profits.

anigold: Trade 10 buy EURaud now or buy euraud at 1.43984
stops= 45pips
targets= 90pips
reason for trade= bullish setup
risk 1% here
----------------------------------------
sell nzdusd at 0.82992
stops= 35pips
targets= 90pips
reason for trade; bearish setup formed on daily
risk 1% here
----------------------------------------
sell gbpusd at 1.61399
stops= 45pips
targets= 90pips
reason for trade; bearish setup formed at resistance zone on daily
risk 1% here
===========================

SO WE ARE RISK 3% on all positions.

Goodluck to all
Business › Re: Free Accurate Forex Signals by anigold(op):
Trade 10 buy EURaud now or buy euraud at 1.43984
stops= 45pips
targets= 90pips
reason for trade= bullish setup
risk 1% here
----------------------------------------
sell nzdusd at 0.82992
stops= 35pips
targets= 90pips
reason for trade; bearish setup formed on daily
risk 1% here
----------------------------------------
sell gbpusd at 1.61399
stops= 45pips
targets= 90pips
reason for trade; bearish setup formed at resistance zone on daily
risk 1% here
===========================

SO WE ARE RISK 3% on all positions.

Goodluck to all
Business › Re: Free Accurate Forex Signals by anigold(op): 6:39am On Oct 28, 2013
TRADING FOREX WITH THE RIGHT EXPECTATION
===========================
Many traders enter the markets with wrong expectations, expecting to have a big win every trade, when these big wins dont come it becomes a psychological problems to them(some trader) thereby causing traders to go against their trading plan leading to excessive losses and huge drawdown.
A great way to trade with the right expectations is to
Expect your trades to comprise of many breakeven results, many small wins and small losses that largely cancel each other out and slowly grind out a profit, Plus the occasional large winner that really gives a boost to your equity curve. But work to ensure you never get a large loss. Also remember you will have some missed opportunities its is normal. BUT DONT EVER HAVE A LARGE LOSS BIGGER THAN YOUR NORMAL LOSS SIZE, THESE BIG LOSSES ARE WHAT MAKES MANY TRADERS OUT OF BUSINESS,if your risk per trade is $200 dont ever lose more than $205 because its difficult to overcome large drawdowns
Your last trade might have lost. That's fine. Learn from it if you could have done better.
But as long as you didn't let the loss get out of hand, it's nothing unexpected.
------------------------------------------
For every trade we have 6 possible outcomes;
1)Large win
2)small win
3)breakeven
4)No trade(missed opportunity or no opportunity)
5)small loss
6)Large loss.

Of all these possible outcome 1,2,3 and 4 outcomes are Profitable outcomes, 5 is a normal outcome while 6 is the worst outcome and outcome 6 should be avoided at all cost.
The larger losses are what can take you out of this game. If you ensure you never suffer a larger loss, then you’ll get lots of small wins, lots of small losses, lots of breakeven trades, and some big wins, but you should never suffer a big loss, and so you increase the likelihood of surviving to trade another day. We control risk to ensure we do not get big losses
Business › Re: Free Accurate Forex Signals by anigold(op): 4:11pm On Oct 27, 2013
Trading outlook for 27th October- 1st November
-----------------------------------------
1) EURusd; This pair is still in a clear bullish trend but price did closed above 1.38000 a powerful psychological point ,so i expect price to rotate lower to 1.37000 before firing up again depending on what happens this week.
On the weekly chart price close above Resistance point at 1.37000(weekly resistance point)
.
2)GBPusd; on the weekly chart and daily chart price did formed a powerful bearish setup at resistance point 1.62500, so i expect price to tank lower towards 1.60000 This week.

3)EURaud; This pair gave us a decent entry last week but price close below 1.44000 a decent psychological point so let see how markets unfolds this week.
On the weekly chart the trend is still bullish forming a kind of a bullish continuation candles cluster..


4)GBPaud; This pair is still in a decent bearish trend on the daily chart, price did closed below 1.69000 a near-term resistance point and psychological level, but the trend is still bullish on the weekly chart so lets see what happens this week.

6)AUDusd; I expect price to rotate down to 0.95000 for us to look for a price action signal.
On the weekly chart a decent bearish reversal setup has formed so lets see how this works out.

7)NZDusd; This pair gave us a decent profits last week so lets see how things unfolds this week.
The moving averages are pointing downward on the daily chart.

coolGBPnzd; Nothing much to point out here, we will watch out for any signal at each New york close this week. The bulls are still in control here.

9)Goldusd; A bullish trend has just began on this pair so i expect higher prices this new week. Price close on Friday forming a clear-cut bullish signal, so i expect price to hit 1367.000 this week.

10)GBPcad; Price closed on Friday forming a decent bearish setup just below 1.70000 and 1.69000 so i expect a bearish move towards 1.68000 before price can fireup again.

11)EURcad; This pair fired up over 350 pips from a bullish setup on the weekly chart, price did closed above 1.44000 this suggest that the BULLS ARE NOT READY TO BACK-OUT. let see what happens this new week.

12)AUDcad; Price finally closed above 1.00000 a powerful psychological point with a bullish trend, so i expect price to kiss 1.00000 before firing up to 1.01000.

------------------------------------------
HAPPY TRADING WEEK AHEAD
Business › Re: Free Accurate Forex Signals by anigold(op): 10:33pm On Oct 21, 2013
Trade 8 buy eurusd at 1.36790 or buy eurusd now
stops= 31pips
targets= 62pips
reason for trade bullish setup
risk 1% here
-----------------------------------------
buy audcad now or buy audcad at 0.99478
stops= 24pips
targets= 51pips
reason for trade; bullish setup
risk 1% here
-------------------------------------
sell limit on goldusd at 1320.00
stops= 45pips
targets= 180pips
risk 1% here
reason for trade= bearish setup formed here
==========================

SO WE ARE RISKING JUST 3% here
once price moves into decent profits please move stops to breakeven cos theres a powerful news on usd.
Business › Re: Free Accurate Forex Signals by anigold(op): 8:23pm On Oct 21, 2013
Likely trades =====


1)EURusd; a bullish setup is about to form on daily so if this forms we will likely buy this pair.

2)Goldusd; This pair is about to form a bearish setup on daily chart so we may likely sell this pair pushing price towards 1300.00
-----------------------------------------
remember tomoro is Non far, payroll news so once our trades moves into decent profits move stops to breakeven
Business › Re: Free Accurate Forex Signals by anigold(op): 11:39am On Oct 21, 2013
pinbar: would appreciate you throwing up a chart from time to time.... nice one
ya i will do that soon
Business › Re: Free Accurate Forex Signals by anigold(op): 8:46am On Oct 21, 2013
elyte: @anigold...am waiting for ur update..what are ur views for this week trading?..thank u
thanks alot too, have posted my weekly outlook... Check it out. Sorry that JPY pairs are not included since i dont trade them cos Yen has too many economic announcements..
Business › Re: Free Accurate Forex Signals by anigold(op):
Trading outlook for 20th-25th October 2013
========================
Happy new week guys lets get rolling.

1) EURusd; This pair gave us a decent bullish signal last week but we missed it COS PRICE MISSED our 'BUY LIMIT ORDER ' BY JUST 8PIPS. The pair close outside daily/weekly resistance point of 1.36300 and formed a bullish indecision candle on Friday close just below a powerful psychological point. Due to this i expect price to rotate lower towards 1.36300 before either going down or up depending on the signals formed at 'NEW YORK CLOSE'.

2) GBPusd: This pair fired up 270pips from support zone to close below 1.62000(a strong daily resistance zone),and did formed a decent bearish signal on friday close but we will exercise patience to see how price will move this week.

3)EURaud; Price did closed below 1.42000 a decent support zone so i expect price to rotate back to 1.42000 before we can look for opportunity to sell to 1.40000(a powerful psychological number).

4)GBPaud; Price closed below 1.68000 which was the support zone so just like in the euraud case i expect price to rotate back to 1.68000 before we can look for a sell position, the trend is down here.

5)AUDusd; Price is in 'NO MAN'S LAND' so i expect price to move lower to 0.96000 for us to look for a bullish setup cos it seems price is targeting the 1.0000 mark.

6)NZDusd; This pair did formed a bullish setup on friday close at 0.85000 a decent round number but i expect price to move lower towards 0.84000(last resistance point)before we can rejoin the bullish move..

7)GBPnzd; This pair formed a decent bearish signal on friday close just few pips below 1.90000(a very powerful psychological point) so if price can break lower past the low of friday's candle we can look TO short(sell) this pair.

coolGOLDusd; This pair formed a decent bearish setup candle so i expect price to tank lower towards 1300.00 this week.

9)GBPcad; This pair did formed a decent bearish signal on friday close just below 1.67000 which is a decent bearish setup, so if breach 1.66170(the low of friday's candle) this may signal a decent bearish run, but we will wait for a clear-cut signal to pull trigger.

10)EURcad; This formed a decent bearish setup just below 1.41000 a decent resistance point,so i expect price to move lower this week towards 1.40000. As usual we will wait for a perfect setup to pull trigger (dont waste your bullets on enemy's shadow)..

11)AUDcad; This pair is approaching 1.00000 a LAND MARK LEVEL so i expect price to rotate down to 0.98000 before bouncing up via price action signals. The trend is still bullish.

HAPPY PIPPING TO ALL


==========================
For more info about forex trading HIT ME AT;

brinegold(at)gmail(dot)com
Business › Re: Free Accurate Forex Signals by anigold(op): 1:08pm On Oct 18, 2013
RANDOM DISTRIBUTION OF TRADE OUTCOMES AND WHAT ITS TAKES TO MAKE MONEY CONSISTENTLY IN THE MARKET;
==========================
If you follow your trading edge with patience and discipline you will have a positive equity curve(positive account increase) even when you dont know which trade(s) will be a win or loss.
----------------------------------------

Making profits in the forex markets its very very simple just like throwing a coin, but MAKING MONEY CONSISTENTLY IN THE MARKET IS NOT EASY(its very difficult for 96% of traders) ONE HAVE TO CONSISTENTLY DO MANY THINGS RIGHT which is difficult due to our human nature;

1)Having a very accurate trading method/excellent trading system;- This is very very important, if you dont have a good trading system that can win atleast 60% of the time you will find it very difficult to make consistent money in the market. I hear people say if your system is below 50% or 50% accurate that you can still make money consistently, in the real market condition its almost impossible to make consistent money with a 50% accurate system because many trades will end with single wins(some breakevens). The maths people who claim you can make money with a 50% accurate systems states that if you have 10 trades with 5 losses and 5 double wins that you can still make money i say yes you can, but in reality this is very rare meaning that you will likely end up with more single wins than double wins.
2)Utilizing excellent risk/money management on every single trade(risking 1-3% per trade).
3)Having the patience and discipline to wait for the edge;- Just like the Crocodile you must exercise discipline and patience in waiting for your trading edge appear on chart before clicking the sell/buy buttons.
4)Following your trading plan all the time;- You must follow your trading plan 100% of the time.
5)Taking profits at reasonable levels not being greedy;- if your stops for a trade was 40pips and targets 85pips lets assume that the market moved 79pips and begin to retrace back, its wise to close at 79pips profits cos you can not predict what may happen next.
6)The ability to control ones emotion after a loss/win; - You need a stable market Psychological state .This also implies that after a loss you must wait for your edge to appear for another trade,you must not make a ''revenge trade'' just to win back lost cash, most of the revenge trades always ends in a loss. losses are unavoidable in trading but with a good trading approach your wins will always be more than losses thereby giving you a decent 8-15% profits at month end. Surprisingly The Smart monies(Big markets players like Hedge funds/big banks) targets each month is to end with a Positive balance.
7) Understanding the Fundamental aspect of the markets for each trading session; its foolhardy to place a TRADE without checking the Economic calender...

coolAdequate capital; Forex trading is just like any business without adequate capital you cant make reasonable income monthly. Many people are drawn to forex cos of marketing lies/hype that with a $1000 account you will be making $2000 every month. The truth is that you need to have an account size that even if you make 5% profits in a month/2 months it can sustain you and your family comfortably, which means that you should have an account size with many zeros. If you have a small account size you will need another business/job to support your daily needs so as to remove 'the pressure to make money fast which will force you to take many poor setups'. So if you have small account trade it with a hope to attract big funds. Lets assume you have a $1000 accounts and make 25% percent = $250, if you are a family man that may not sustain you and your family(even if you are single its may not give you financial comfort). And FOREX TRADING becomes easier and more profitable when you have a large account size cos the pressure to hit 100% monthly profits wont be there, you will just be aiming an realistic 5-10% profits a month which becomes easier to attain with few winning trades.
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For example a trader with $100k accounts needs to make just 3-7% profits a month to live a very modest/comfortable life with or without a family, WHILE A TRADER with $7k account size will need to make 50-100% profits in a month to even live a decent life which we all know the ''small account guy'' IS most likely not to hit this targets and may endup breaking his trading rules which will lead to financial disaster.
IN REALITY THE MARKET WILL MOST OF THE TIME REWARD YOU WITH 5-10% MONTHLY PROFITS when you follow your trading plan with good risk/money management.

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