Thread: Liteforex - take your first step to financial freedom

Originally Posted by Shuvalov

Each time frame has its weak and strong points. Smaller time frames have more trade setups and so more opportunities for making money. Bigger time frames may have less trade setups but the good thing is that you can check them less frequently. Everything depends on your trading strategy. You need to develope your own personal trading astrategy. Try different time frames and see what will happen, for trading is very individual.

That was not that very informative. Can you give me something more substantial? I’m here asking an advice. What should I start with?

Originally Posted by hockeypl

That was not that very informative. Can you give me something more substantial? I’m here asking an advice. What should I start with?

Start with learning and stop these silly question. No one can decide for you what is better. Read books and forums, and trade demo.

Start trading smaller time frames. it’s ok for a newbie.

When you are just starting out, strive to carve out 20 pips per session, and that’s it. Then, turn it off, and study some more. When you get really good at it, you can then “graduate” to higher returns. So, set your goal at 20 pips and stick to it, until you are a grand master at this wonderful “business” called forex trading.

The LiteForex group of companies offers you to avail yourself of new possibilities of working with Forex news and analytics. Now all the actual information and analytical materials are presented in a more comfortable way. The clients analyzing economic calendar data don’t need to visit a special news page of the LiteForex site in order to be in the know of the latest Forex news. You’ll find extended headers of the 5 latest Forex reports and analytical articles in the bottom of the “http://www.liteforex.org/analitics” page.

This is a good forum, good info here.

A new trader’s tool from LiteForex: Forex Quotes

Specialists of LiteForex company have launched a new Forex tool “Forex quotes” to make your work in the Forex market more comfortable and efficient.

It’s been designed for watching open positions when you’re unable to sign in to your trading terminal MT4.

This visual tool is easy to use:

* A trader can modify the chart pattern, the scale and the time period by clicking on an appropriate button.
* A trader can quickly choose tools and currency pairs he needs from a drop-down menu.
* There is a special window where a trader himself can specify a number of quotes that will be displayed simultaneously.
* The settings can be easily updated by clicking on the «Refresh» button what enables a trader to access to the new data concerning other tools and currency pairs.

The tool can be found in the upper right corner of the “http://www.liteforex.org/analitics” page.

Originally Posted by cozy

When you are just starting out, strive to carve out 20 pips per session, and that’s it. Then, turn it off, and study some more. When you get really good at it, you can then “graduate” to higher returns. So, set your goal at 20 pips and stick to it, until you are a grand master at this wonderful “business” called forex trading.

I wonder, how did you manage to get these 20 points a day? So far, I have -20 points a day :(

Originally Posted by hockeypl

I wonder, how did you manage to get these 20 points a day? So far, I have -20 points a day :(

What is that you expect? How long have you been trading – 2 months? Forex is a long game, it requires much more time.

Originally Posted by Willy M16

What is that you expect? How long have you been trading – 2 months? Forex is a long game, it requires much more time.

I don’t think that I must inevitably lose just because I’m a newbie.