Trading with no edge will lead to collapse, as everybody here knows. To succeed in trading you want to get a trading egy with an edge and an appropriate risk management egy to ensure you stay in the game long enough to find ample opportunities to apply your advantage and realise your winnings.
I wrote a little article about it in my blog in response to an email I got. The guide is called http://www.myforexdot.org.uk/trading...that-work.htmlif anyone is interested in reading an commenting on it.
There are only three things that I know about that have an edge. The trend, the consequences of support and resistance and momentum.
The trend operates best on markets like big FX pairs that are driven by economic fundamentals (most especially the EUR/USD). Support and resistance seems to occur on markets that are driven by speculators. Momentum seems to be a bit more difficult to nail it down happens firmly on pairs like the GBP/USD but it's successful on almost any market that's prone to making big movements that are sudden. The borders of the trend and encourage and resistance are pretty much mutually exclusive, i.e. the more powerful the trend that the effective support and resistance will be. So these are the only edges I apply of and the only advantages that I am aware.
My question is: what is your advantage, how do you apply it and how do you know that it actually works?
Thanks