[ A ] I think that trading is the best source of income ever invented. You have total control over your time to trade and how long you want to trade, Mondays to Fridays. You have no boss, and you don't need to pay salaries as you are not answerable to employees. So except for a small transaction cost in the form of the spread, which is really just a minute amount that goes to the broker, all the profits you earn are yours. When I came across trading, I thought to myself that I need was to learn how to trade Forex properly to be profitable. That's when I also began to think critically about the techniques and indicators to use in trading.
[ A ] There are a lot of traders on Facebook and the questions I get depend on where they are in their trading journey. Many new traders ask about how they can start their own career trading Forex, what indicators to use, what techniques to apply in some situations, where I think certain currency pairs would go and why, how to determine the trend, and when is the best time to enter and exit a trade. Those who have been trading for a while but have not been profitable ask about how to improve their trading performance, how to be profitable, and a lot of the issues are centred around money management, emotional control, and going back to the basics. A recurring theme though was how they could learn my trading system, but I can only have one-on-one sessions with so many traders. So I promised them I would make a course to teach traders how to trade with the Scientific Forex system.
[ A ] When I wake up in the morning, I get a cup of coffee, look at any news releases and check the charts. I would look for important reports that will be released during the day, so I could avoid trading during those times. Depending on the situation when I see some signals, I will start placing some orders. Then I just monitor the trades as necessary. I'd also go out sometimes, buy some groceries or see my parents. I would check on my trades again and look for any signals. In one day, I would probably have a total of 1 to 15 trades depending on the time frame I feel like trading in. Naturally, there are more trades in lower timeframes like the 5 minute than in intermediate timeframes like the 4 hour. By the end of the day, I would check one last time and close any orders that are profitable before going to bed.
[ A ] The Forex market is the most transparent market I know. It's something you can learn about and no information about the market is hidden from you. News releases are all over the web, and all interventions by central banks are announced. There are powerful laws to protect the market against fraud. The secret is a good education and having a good mentor, someone who has the experience and has become successful at trading. There are a lot of things to learn and trading Forex can become very confusing with all the information you are bombarded with every day. But a good mentor can help you learn the most important aspects at the very beginning, so that you don't have to make the mistakes others have made. You can just concentrate on replicating their success.
[ A ] I like classical music, especially Chopin's nocturnes, Paganini's caprices, and Mozart (Piano Concerto No. 21 - Andante "Elvira Madigan"). I also like Lara Fabian, Adele, and other relaxing music.
[ A ] I like to read books about the general economy and trading. I think the best economics books I read were ones written by Stiglitz, Friedman, and Hayek.
[ A ] I would love to spend my holidays in the mountains of the villages, as much as possible. I dream of having a holiday under wild conditions, but when I would decide to go, I'd change my mind at the last minute because the thought of living under unusual conditions scared me. I've never had a holiday like that until now. I also love the snow, it feels very "Christmassy". I spend most of my time waiting for the first snow to fall.
[ A ] When I first started trading, I had problems with self-discipline and money management. But in time, I realized that the market will always be there for me, so there will be more trades to come. As I learned to let go, the profits also started to come into my account. I solved most of the problems by testing the appropriate lots to trade, depending on the risks involved.
[ A ] Actually, I want to trade some more and be involved with projects like teaching other traders. I don't think I will ever stop learning about trading. There are so many things we can invest in but I can never stop trading Forex. One thing I'm also interested in is having a farm for medicinal plants, and of course, spend more time in the mountains.
[ A ] There is a little website called www.tradejuice.com that not many people know about. It has great information and I have found many great reports there.
[ A ] I have been sharing my signals on Facebook and a lot of the traders were really wondering about how I predicted the markets. Well, I did not really predict it. Everything is written all over the charts. And if you add my indicators, you will know what I mean. It's a very visual system.
[ A ] I think I'm a very simple woman. I'm concerned about a lot of things happening in the world. I reflect about life a lot and just help in my own way. I think that trading Forex has been the best way for me to avoid the effects of economic problems.
[ A ] Normally, there are about 1 to 15 setups per day. It really depends on the time frame you want to trade. Also, there are many techniques that can be used depending on the situation, just like the triangles on the image (below). There's a short term triangle and a long term triangle. If you feel like trading fast and having more trades, go to the shorter timeframe. And if you'd like to be able to go out and do other things then a higher timeframe is for you.
[ A ] There was one time when I had 7 types of moving averages, and about 9 indicators, when I realized it was not working. I thought I had wasted enough time, so one by one, I tested the indicators and I took off the ones that were not helping. I also tested other indicators and settings and found ones that made my system profitable. There were a few techniques that made sense to me. I applied each one to my trading and checked the results again.
[ A ] I started out by building good money management, so that helped me more than anything else. Also, I trust in my system. Each time I'm reluctant to enter I trade, I look at the signals and think about the tests that I did that indicated it will work.
[ A ] The possibilities are endless. But I think that I will definitely have an improved method of trading, and since regulations are always changing, I will need to keep adjusting to keep up with the times. I'd love to see the traders I'm teaching now become successful in trading, just like me. Some of them could be teaching by then as well.
[ A ] First of all, Forex was something I fell in love with "at first sight". Second of all, I felt like this is the target of my education. My love and passion for trading has gotten me through a lot of challenges and disappointments and given me the persistence to keep learning. Thirdly, having a scientific approach helped me a lot. Systematic testing and developing my system made it less difficult.
[ A ] I remember the Bank Of Japan intervention. I entered a trade in my account in the Surefire Trading Challenge then, and I also entered another trade in my real account. Since the account was small on the contest, I had a bigger percentage gain in my personal account.
[ A ] I had a small account with $2000 that I lost in a few minutes. I was in a buy trade on the Yen when the earthquake happened. The market took all my money because I forgot to place my stop loss, then the pair came back to the same level.
[ A ] Be brave and learn as much as you can. Forex can bring you the things you thought you can only have in a fairy tale, and also the ones you haven't dreamt of yet. :)
[ A ] Thanks to you too! I love trading, and I'm having a great time getting to meet the traders in Facebook and reading the emails they send me. I'm looking forward to working with everybody very soon!
Cristina Has Agreed To Give One
Free Copy Of Her Scientific Forex
System To The Person Who
Makes The Best Comment HERE
