Hi guys

 

So im completely fresh to this Forex trade, like two days fresh 😛 I have set up a demo account with metatrader 4 and have been reading your free lessons (which are brilliant by the way).

I was just wondering though after you see a trend and your confident to pull the trigger in which ever direction you see it going, would it be just as good to put a trailing stop loss on the trade than a take profit especially with the longer time frames. Like I probably wouldnt do it on a short time frame because they seem to be too volatile (still a beginner if this sounds silly) for that to really work so on short time frames i would put a stop loss but on the longer time frame +30min would it be better to put a trailing stop loss? 

 

As a side note im really enjoying your lessons, they are great. I have already started implementing them and yesterday I did 7 trades and only two where losses and they where quite small.

 

Its really weird if someone said to me "hey read graphs, make a prediction and make money, thats based on logical choices"  I would off probably laughed and ignored him for being a fool. Another great thing is this line of career suits my personality type, im very  analytical and anything that has a sort math mindset I excel. 

Nathan