FxProdz's Posts - Page 2

Price Action strategy in New Traders Mar 30, 2014 at 15:00

Hi carlos;If you're a new trader I don't advise you to use 0.25 lot for an account of 2000$! When you enter with your first trade, yeah it sounds small, but when the market goes against your position and you start adding bad positions, you'll find yousef in a terrible situation. With 2000$ I suggest to you to start with 0.1 lot, so you can add a new position if the price reaches a specific level. Don't be greedy, set a reasonable and realist goals and you'll never get stopped out.

Broker with low spreads in Experienced Traders Mar 30, 2014 at 14:58

Ohh,, that's really a bad experience, I'm so sorry. But actually nothing of what you have mentionned happens with me, so maybe things changed? I don't know, but I have no problem with them!About the execution, yes it was slow, but lately it becomes very fast, as fast as fxpro and some other good brokers,,, it won't cost you anything if you try it in demo!Spread is 3 pips- 1.7 pips rebate = 1.3 pips fixed spread for all major pairs ( No slippage, no high spread in high volatility caused by big news)They have a very good support, everyone can check it by himself; it's easy I ...

Broker with low spreads in Experienced Traders Mar 29, 2014 at 21:12

Lol I guess you have no experience with Insta mate😀 and I'm surely you don't have any Idea about it 😈 Am right , eh??What makes pepperstonne the best broker? Slippage maybe? High spread at news? limit withdrawal methods?? What? For ECN brokers , there's no better than FXPRO and Ironfx,; But the guy is looking to open a small accout 😉Spread isn't the only criteria to choose a broker. Anyways, everyone has his favorit broker according to his conditions, so I'll never try to convince anyone to choose his broker 😎@ IvanYou can also try XM, it'...

Broker with low spreads in Experienced Traders Mar 29, 2014 at 08:18

Did you try Instaforex and see something wrong? I guess not 😄 because if you tried you won't say this!The only complaint I saw about Instaforex was from cheaters who try to break the deposit bonus regulation using cheating techniques. Instaforex has never break their agreement, and actualy there's no real complaint about Instaforex except those cheaters. So plz don't accuse companies just like that!

Profits from Intrest with no matter of price movements in New Traders Mar 25, 2014 at 09:06

Before subprime crisis of 2008, carry trading was interisting even without covering your position with a free swap account, but since that crisis, it becames not interesting anymore. Now I wanna advise you to focus on learning forex bcuz the best way to make money is by trading😄

STP or Market Maker? in General Mar 24, 2014 at 16:02

If you feel confortable with your broker and it allows you to apply your strategy without any restriction I guess it's ok. Anyways, to choose a good broker you have to take into consideration it's reputation, regulation,payement methods, trading condition etc......

Profits from Intrest with no matter of price movements in New Traders Mar 24, 2014 at 16:01

Actually I didn't try it and I'm not gonna try it, it's a waste of time!I'll explain to you with an example:The higest swap we can get should be on AUD/JPY, at my broker long position on aud/jpy will give you 6$ per lot, the spread for this pair is about 2.5 pips. So, if you buy one lot aud/jpy you need 5 days to recover your spread 😀 After that everyday you will earn 6$ 😄 But to keep your position with 1 lot size open for longtime you need at least 4000$ as your capital in every account,, which mean you need to invest a total amount of at least 8000$ 😁N...

Profits from Intrest with no matter of price movements in New Traders Mar 24, 2014 at 14:55

It's like a fraud right? 😀 Generally for true ECN accounts free swap accounts aren't available, and in case it's available they have strict restrictions like giving them a proof of your islamic faith, and after 10 days from openning your trade you'll pay commissions etc....Market maker can allow you to use free wap account without restriction but not for abusing, and one important thing, you really need a big capital to avoid getting stopped out from the losing account. PS: It's this king of fraud that cause Blocking accounts and then traders start blaming their bro...

IFXpro in Trading Systems Mar 24, 2014 at 06:13

You're welcome dear;Actually I rely mainly on price actions, so I'm not sure that making it automated is a good idea! I'll surly try to encode an EA combining some techniques, but it won't work the same way as I do it manually. I think myfxbook autotrade is a great option too,, so maybe in two weeks I'll add my account as an autotrade system, so if you wish you can copy my trades automatically,, I think it's the best way to follow other traders!

IFXpro in Trading Systems Mar 23, 2014 at 15:09

Hi dear, I don't use any EA, it's a 100% manual system! Yep, It's a pamm account but unfortunatelly my broker doesn't accept USA clients 😐 I don't sell signals, but you can still follow my trades here in myfxbook since I keep my open trades public😄 Anyways, I'm gonna add this account to myfxbook autotrade so that you can follow me automatically if you wish!If you need anything else, feel free to ask here or via PM!Wish you good luck 😄

Your best system in General Mar 23, 2014 at 15:08

Thanks my friend 😄 I totally agree with you 😉unfortunately my drawdown is a but high, it was my mistake when I withdraw a significant amount from my capital which brought my drawdown to 44%, it was on 5 february, but from that day my DD didn't exceed 3% 😄

Your best system in General Mar 23, 2014 at 12:28

1- Real and demo doesn't work the same way and actually 3 months isn't enough!2- As per average win/loss and best trade etc..., I think it's easy to play with these figures to make your average loss very low and average win very high, same thing with trade length,, so for me it doesn't prove anything!3- Drawdown is very important, but since with myfxbook autotrading we can control the Drawdown stop by editing advanced setting, so I think the most important thing here is profitability and how long the trader survived. Happy trading and good luck to everyone 😄

Hi all I am new to trading any advice would be helpful :0) in New Traders Mar 23, 2014 at 08:36

Hi dear Bob 😄You're right,, it was just a mistake cuz when I said there's no rule, I didn't mean fundamental analysis has no rule, but I mean trading at the moment when the news releases doesn't have a specific rule, and it's really hard to identify the final direction, sometimes it moves to the opposite direction that we expect, sometimes it takes a direction and after few minutes it changes its direction. Frankly, I stopped trading news, but fundament alanalysis is something else and it's very important for swing and long term trading 😄

Psychological aspects of traders and investors. in Experienced Traders Mar 23, 2014 at 08:34

Lol 😀 that's right, but actually without emotions there'll be no stop out 😂 All our losses are made because of emotions :) Anyways it was my case 🙄

Psychological aspects of traders and investors. in Experienced Traders Mar 22, 2014 at 21:06

Hahaha , yes 😇But I think we can easily overcome our emotions with a good money management and self-confidence!

PAMM recommendation in Experienced Traders Mar 22, 2014 at 21:06

You know, this complaint was made 6 years ago and from that time Instaforex is still doing a great job and improving their services day after day. I tried many brokers, but honestly I didn't find better then Instaforex. About the complaint, it was made by two cheaters who tried to hedg their position with two different bonus accounts, do you think this is normal??

Your best system in General Mar 22, 2014 at 21:06

Ok mate 😄At first I was trading aggressively, but after learning much things with my friend crazytrader, I changed my style and attitude. Now I rely on discipline and MM to make money on forex.My target is to make 5-10% every week with a very very low risk!Here is system dedicated for autotrading: https://www.myfxbook.com/members/FxProdz/ifxpro/836574I have another account here: https://www.myfxbook.com/members/FxProdz/pips-hunter/836483Gonna open new systems soon! Good luck guys 😄

STP or Market Maker? in General Mar 22, 2014 at 21:06

The most important thing is honesty. If your broker is honest, it really doesn't matter if it's a market maker or ecn/stp!Just choose a honest regulated broker that suits your trading system well :) Good luck :)

Hi all I am new to trading any advice would be helpful :0) in New Traders Mar 22, 2014 at 21:06

Fundamental analysis isn't easy, and there's no rule about it, the only thing that can help you is your own experience and some techniques. So if you're a new trader I suggest to you to follow the economic calendar to be aware about all the news, so that you could avoid trading at news time. That will help you to avoid unnecessary losses!

Brokers - Why do we still pay spreads? in General Jan 28, 2014 at 19:39

I also think so,, there's no free service in the world of capitalism! But we can reduce the fees, so why not to try it?

EURUSD	1.03732	GBPUSD	1.25787	AUDUSD	0.6204
USDJPY	150.505	USDCAD	1.44707	USDCHF	0.90292

Posts by FxProdz