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Re: photojunky post# 2576

Wednesday, 06/16/2010 8:12:00 PM

Wednesday, June 16, 2010 8:12:00 PM

Post# of 19899
My advice to you is to play the technical indicators/charts. Learn candles,MACD,CCI,RSI,ADX,and so on. I got away from it and tried news plays, and lost out. If you want something you can get some good practice on try a FOREX account. Most sights offer free accounts to practice with. Additionally, I make more money trading FOREX and playing technical indicators with less money. For example the AUD/USD pair was at .8010 one week ago. If you had recognized the support at that area and watched it (bought at .8100 area using $160 leveraged 100:1 your net profit over the last week would have been approximately $1000 plus any interest paid to you. they move fast and you can play them almost 24 hours sun-fri. You can get some good experience with with technical indicators and reading charts (1day,4hr,1hr,15min,5min,1min). You will learn how to recognize support and resitance. I have a practice account and the hands on experience I get from it is amazing.

Again, play your technicals and be patient. Get in at the price you want to get in at and sell where you want to sell at.

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