ForexAssistant's Beiträge - Seite 18

Psychological aspects of traders and investors. in Erfahrene Trader Mar 23, 2014 at 00:17

Have you ever heard the term, human error? Or don't beat yourself up, your only human?Robots don't have those problems either. Check out all your robots on demos, go for a couple of months, make sure you are comfortable with how that robot works. If it is consistently profitable, then it will be constantly profitable of your live account. If you are not sure, don't put it on your live account. There are lots of programs on the market today, Like Ardit, I wouldn't give 2 cents for the majority of them but, and here I disagree with him, there are some really good ones. Robo...

Hi all I am new to trading any advice would be helpful :0) in Neue Trader Mar 22, 2014 at 23:22

Fundamental trading is defined as listening to the news and trying to guess which way the price is going to go. However, there is more to fundamental trading than that definition. What is the trading relationship between the two countries? What strategic importance does one have over the other. The closer the relationship between the two countries, the more the currency has to stay aligned with its counter part. The Aud/Nzd is so closely aligned that their currency price has never strayed more than 16 cents from center. Systemic trading is the part of fundamental trading that doesn'...

RISE AUDCAD in Handelssysteme Mar 22, 2014 at 05:52

The Profit factor for this account is 3700.What that means is the sum of the profits,divided by the sum of all 2 losses = 3700I would like to know if there is other things out there that is higher and what they are called.Bob

Your best system in Allgemein Mar 22, 2014 at 05:23

http://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913 I like this one because it never loses, ultra safe (will not work in the US).http:www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841This one was written by my first student, programer and most importantly, friend.It feathers into a trade but closes out all at once. Every time you see a loss, look at the other trades that closed at the same time, the total is always in profit. Slightly higher risk than RISE but still ultra safe.http://www.myfxbook.com/members/ForexAssistant/pegasus/670938Makes more money th...

Is forex gambling? in Erfahrene Trader Mar 22, 2014 at 03:31

"Bob as a US resident aren't you allowed to open up accounts abroad? Or is the US turning into another India lol "It's not that we are "Not allowed" to open an account off shore but the US government wants to regulate everything and takes the off shore business to court that accept US clients but don't accept US regulations. Most banks even have a problem opening accounts for US citizens that are not residents of their country, because to do so would mean that they would have to follow US regulations. It is getting tighter and tighter. I can't trade that ...

Is forex gambling? in Erfahrene Trader Mar 21, 2014 at 18:00

Master_Kiwa, without showing the size of each trade and the profit/loss, there isn't much that anyone can do to analyze your system or offer suggestions. In short, limited information is meaningless to us and therefore worthless to you. Lastpip, yes, I had one in Belize but I think if it is important to get my financial assets off shore to safety, it make even more sense to get me and my wife off shore to safety first. So move over, your getting company.Bob

Is forex gambling? in Erfahrene Trader Mar 21, 2014 at 09:09

You are residing outside the US then? Or are you US and know a trick that I need to learn?Bob

Psychological aspects of traders and investors. in Erfahrene Trader Mar 21, 2014 at 09:03

Question, why wouldn't you just use a robot that doesn't lose, that way you could always have that at least, to fall back on when your manual trading isn't going as good. You only want to quit when it seems hopeless, by using an ultra safe robot, you might not make as much money but it wouldn't be hopeless thus no instinct to quit. Having one of those safe types, you could go out for three days, rest and come back to see if you made any money, you would already know you won't have lost any. Well, that's the way I think, anyway.Bob

Is forex gambling? in Erfahrene Trader Mar 21, 2014 at 04:45

Lastpip. are you using a US broker or off shore?Bob

Psychological aspects of traders and investors. in Erfahrene Trader Mar 20, 2014 at 22:01

"My suggestion would be to automate your strategy."OK, that will help your trading but the problem is not so much with your trading as it is with your mental frame of mind. Everything that happens, has a cause. Eliminate the cause and the effects change. Lalu, you mentioned that your family was influencing your decision making. This is very common and akin to what we see happening on these forums. You give too much weight to the opinions of the untrained. There are reams of advice on these forums worth every bit as much as you get from your untrained family. Your problem is th...

Is forex gambling? in Erfahrene Trader Mar 20, 2014 at 18:13

No, the US government is a working Americans worst nightmare, but like any obstacle, it can be over come with patience. And an off shore IBC.😄Bob

Other myfxbook like site in Neue Trader Mar 20, 2014 at 06:50

"So if you are what you say you are, then I apologize, but I suppose I'll never know. And to all others, tread carefully and do your due diligence thoroughly."Good advice in any world.Bob

Psychological aspects of traders and investors. in Erfahrene Trader Mar 20, 2014 at 06:33

I see your point, sort of like spreading out the load. I can see where this would lessen the emotional burden of trading but is what ever emotional stress that is left, and the time that it takes to trade, not to mention trading is one of lifetime learning jobs, is it worth the additional profits? To most here I think yes, but for some, me included, I choose the path of automation as it has usually been the path to success. By the way, your topic just might be one of the most important topic on this forum and one great reason for coming to this forum. This is a dangerous industry, no we...

Other myfxbook like site in Neue Trader Mar 20, 2014 at 04:56

"You can't be serious???"Why can't I be serious? I am curious, why would you call me a liar about something that just happens to be my personal ambition? You don't know me, and yet for no good purpose you belittle me. Too what end? I can't understand what goes through your head that makes you want to attack, ridicule or belittle something that you are not familiar with and don't understand. My motives were given as an explanation for my presence, what are your motives? I will reiterate from my previous post, "destroyers, can't do much to build the...

Other myfxbook like site in Neue Trader Mar 20, 2014 at 02:37

"Posting on every thread here links to your accounts, promoting your books"Please note everyone, that I made no reference to any of my work in this whole thread but there are those that are destroyers, can't do much to build themselves up so they spend their time tearing others down. This is what in the industry is known as a troll. I keep a presence in the field because we have created a third way to invest/trade that is different than fundamental or technical trading. No one knows about what we have accomplished yet, so I share what I know to see how many others would like ...

Other myfxbook like site in Neue Trader Mar 19, 2014 at 16:37

Got it figured out, my popup blocker wasn't doing its job, got ABP (ad blocker pro) free and it took care of the aggressive ads.Passive ads are welcome because we may need what they are offering, but let us decide. Aggressive ads are aggressive because they are not worth looking at.IMHO.Bob

Hi all I am new to trading any advice would be helpful :0) in Neue Trader Mar 19, 2014 at 16:31

Actually, you are not ready to spend money yet. There is a basis of fundamentals running throughout the forex market of course, however to trade fundamentals the way that the banks do is just about impossible for the small trader because by the time we get the news, it isn't news anymore.May I suggest that the easiest way to learn forex trading is from a systemic point of view. It is the easiest method to learn but it gives you the basic understanding of what the market does and why they do what they do. After that, figuring out technical systems is not all that difficult. Here is a f...

Psychological aspects of traders and investors. in Erfahrene Trader Mar 19, 2014 at 08:59

I think that depends on the investor, the ones I talk to want safety first then the most they can get without compromising their safety. If investors only wanted 30% plus returns per month, who is buying annuities? Dividend stocks? Bonds? Why the hurry? It is so much more pleasant to stroll than to always be at double time. I won't grudge you 30%, if you can make it, you worked for it, you earned it. The difference is that I am willing to take what the world offers without resistance. The forex world will give up 1 to 2% a month without resistance. I'm good with that.Bob

Psychological aspects of traders and investors. in Erfahrene Trader Mar 18, 2014 at 18:29

"Trader can not stop watching the day, week or month, providing trade adviser. The operator of the robot is not only engaged in profit taking. "I check my robot twice a day mostly to see how much money I have made. Also to make sure the VPS didn't crash or something else that hardly ever happens, but I just want to be sure.My primary emotion when it comes to trading is boredom. I like designing systems and checking them out so that's not stressful and there is a certain pride that you get when one of your systems works out as you had envisioned. But again that is a positiv...

RISE AUDCAD in Handelssysteme Mar 18, 2014 at 06:34

Thanks for the Kudos, I'll take them. Believe it or not, talking about what you have accomplished can be more stressful than actually doing the work to accomplish what you set out to do. But teaching is something that I enjoy and learning is like food and water to me. So it's good to be able to meet up with others that want to know different ways to trade and make money. We focus on safety but anyone can talk about other different ways of doing things that seem to work out better than the establishment. I would like to welcome everyone who contributes to our knowledge by posting her...

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