Do YOU make money trading FOREX?
I day trade and swing trade the GBPUSD FOREX currency pair and the EURUSD FOREX Futures (6E.)
I use some proprietary indicators as well as some of the standard indicators in NinjaTrader which help me interpret the price action on the charts, as well as determine profit targets.
Most importantly, I have a risk:reward formula which helps me both determine my total risk on each trade and my appropriate trade size for each trade.
I do my best to post all of my trades,in my blog including charts and the reason for taking or passing on a trade. When I take the trade I will display my trade decision chart as well as my Ninjatrader chart showing my actual entries and exits.
