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BluePanther
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WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 30, 2019 at 00:52
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 29, 2019 at 14:23
Yes, Account#1 would have 19x risk of Account#19 (basically).
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 29, 2019 at 14:18
Risk setting of EAs would remain consistent across accounts, ie. starting Lots 0.01, strategy parameters, etc.
WHO trades forex for more than 10 years and keeps making regular profits
in
Experienced Traders
Oct 29, 2019 at 10:18
I plan to graduate risk across my accounts in the following method:Account 1: $1000Account 2: $2000Account 3: $3000Account 4: $4000Account 5: $5000Account 6: $6000Account 7: $7000Account 8: $8000Account 9: $9000Account 10: $10,000Account 11: $11,000Account 12: $12,000Account 13: $13,000Account 14: $14,000Account 15: $15,000Account 16: $16,000Account 17: $17,000Account 18: $18,000Account 19: $19,000Risk setting of EAs would remain consistent across accounts, ie. starting Lots 0.01, strategy parameters, etc.
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 28, 2019 at 21:04
...and it only took one currency (JPY) to cause me a 96% loss after trending for two weeks and then having a Flash Crash.Stick to a few pairs only, and trade them well; be selective in where you risk your money.
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 28, 2019 at 20:53
Oh, and:7) Diversification is BAD; just because a system can work on 28 pairs, does not mean it should be used on 28 pairs. Sure it can multiply results and give some guarantee to returns, but it also adds exposure to every market event, and movements can be multiplied across other pairs of the same currency. It only took two currencies for me to gain 800% and 1000%: it is better to focus on a few currencies and limit your exposure to risk events."The most successful investors don't diversify. Rather, they FOCUS (Follow-One-Course-Until-Successful) and specialize. They get to know the...
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 28, 2019 at 12:10
1) I am more wary of Drawdown risk; I focus on maintaining Equity as close to 100% at all times, and will avoid Drawdowns as much as possible. I will never again tolerate a Drawdown exceeding 40% - NO EXCEPTIONS;2) I am focusing on growing my accounts more “organically”, rather than “manufacturing” fast growth with higher risk; the 800% and 1000% gains partially fed my complacency and greed, and did not favour a better appreciation of the gains I had made;3) I use better systems; the system that caused my margin calls was a counter-trend linear-sequence cost-averaging E...
MasterTrader5
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Trading Systems
Oct 25, 2019 at 10:38
Impressive results, but why 100% Drawdown on 19 June 2019?
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 25, 2019 at 10:34
Yes, because:1. the nature of fiat money is that it depreciates in value over time (inflation);2. and spending (utilising) the finite amount would erode its value faster."It is not the AMOUNT of money you have that matters. What matters is the SYSTEM you use: No amount of money can save you if you have a bad system. Conversely, if you have a good system you can start with small money and easily become rich." (Matthew Todorovski)
WHO trades forex for more than 10 years and keeps making regular profits
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Experienced Traders
Oct 24, 2019 at 22:25
That would be me! I started October 2008 and I am still struggling to make money.But my motivation is that forex is the best business there is, and I know it is possible to make a living and retire from forex. Last year, I turned AUD$50,000 into AUD$13,000,000 in two months using high risk on CHFSGD and EURTRY, but on 3 January 2019 I lost 96% because of the Yen Flash Crash. I only withdrew AUD$80,000 for my mother, and I agree that greed was the major factor in my loss: I was earning AUD$100,000 per day and I didn’t want to stop.Well, at least I can say “been there, done that.&rdq...
DIAM
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Trading Systems
Oct 24, 2019 at 03:37
25% DD?Demo?One month history?...umm, no thanks.
high return
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Trading Systems
Oct 17, 2019 at 07:44
What else can be expected from sellers of signals or EAs?If a system was making money “reliably” and “consistently”, why would the seller need to encourage buyers or subscribers?All sellers are the same: when the EA or signal fails, don’t expect them to offer a refund because they got what they wanted - YOUR MONEY.
Reasons why you should NOT trade cryptocurrencies
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Crypto
Oct 05, 2019 at 14:04
Hedera Hashgraph:https://www.myfxbook.com/files/BluePanther/Clipboard01_lP.jpg
Reasons why you should NOT trade cryptocurrencies
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Crypto
Oct 05, 2019 at 13:48
Hedera Hashgraph:https://www.youtube.com/watch?v=SF362xxcfdk
high return
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Trading Systems
Aug 30, 2019 at 16:19
Use PAMM then.There are many small investors who cannot afford such exorbitant prices for subscription.
PIP PREDATOR
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Trading Systems
Jul 21, 2019 at 13:26
Performance has improved recently. I would like to see this perform on Real.
GPS Robot FxChoice 250
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Trading Systems
Jul 19, 2019 at 16:04
Hi Mark,What settings are different on this account to show improved performance compared to your other accounts please?Kind regards,
high return
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Trading Systems
Jul 10, 2019 at 05:41
Agreed. It opens a grid of trades expecting (hoping) for market reversal to close all in profit.I would be interested to see this strategy reversed with higher Lotsizes.Trade WITH the trend and not AGAINST the trend!
Show your profitable account here.
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General
Jul 10, 2019 at 05:25
Broker is SuperForex. There are some bad reviews... I hope when withdrawal time comes, you won't have problems. 😕
$200-100k challenge
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Experienced Traders
Jun 12, 2019 at 06:20
Demo account is not the same as Real account.There are systems that work in Demo but won't work as well in Real. Pip scalpers are a good example.
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