I have been saving this topic for a little while but I believe it is time to share this idea after discussing it in the forum with one of our participants, Dan, on the IRC server. Dan dubbed it the 50-25-25 rule.
Some things in Forex you cannot entirely predict but you have many tools available at your disposal to help predict the likelihood a currency will move in a particular direction based upon information available.
Good new traders and interested parties, drumrtrades.com is back up and running on a new server. I plan on updated the site multiple times per week but no more than once per day.
I am also open to discussing my trades with those who inquire and are willing to listen. So please feel to contact me here or on the chat server. Thanks for looking and good luck with learning and trading. as always you are welcome to our sites and please tell your friends and bring new and experienced people.
Here's some information on the last topic traders seem to navigate to but it's the one that should enable you to at least survive and hopefully to thrive in trading. I don't claim to be an expert on the subject but here's some of what I've picked up along the way...
I've only been chatting here at ircforex for six months but in that time I have lost count of the many traders that have come and gone. Sure, some of them just hang around long enough to get started but many of them leave after letting us know they have ruined their accounts. One recurring trait I notice are that they are all intelligent people so I'm left wondering what they were mostly lacking to be able to succeed.
