Wednesday, November 5, 2008

BACKGROUND

Everyone says trading must be complicated and lots of people advocate using Moving averages adn many other indicators. The purpose of this blog is to show a simple method using only price action will make money over time.

Not all trades will make a profit but the winners should make more than the losers so we should profit overall.

At the moment i will just be trading a demo account with IGMARKETS.

If you attempt this please follow tight money mangement rules, this is what will make us money.

I will pretend i have a balnce of $10000 and i will risk 3% of this at most, on each trade.

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