Professional4X's Posts - Page 16

What is a decent return on a monthly basis for a manged forex account? in New Traders Jun 16, 2019 at 07:26

25% ROI annually is approximately 2.1% monthly profits.If you started with an initial account balance of $400,000.00 USD, this would give you an annual profit of $100,000.00 USDEven in an expensive city like New York, a person live a very comfortable life on $100,000.00 USD profits per year.

Successful trading in New Traders Jun 14, 2019 at 07:21

Anyone who advises people to ignore money management or risk management, clearly should be promptly ignored because they no real understanding of the markets.No SL? Oh sure that's a really smart idea....Enjoy those 3000 PIP flash spikes...We've had more than one massive flash spikes in price movements in recent times.And booom. Account blown...

$200-100k challenge in Experienced Traders Jun 14, 2019 at 06:21

Thanks. I added you to my watch list so I can see how you are doing.Good luck.

New trader trying to put a trading plan together in New Traders Jun 13, 2019 at 10:47

We aren't going to just spoon feed you the answers, you have to do some of the work too.Go to youtube.com and type in: how to read an investment chart There are numerous helpful videos on how to read a chart.

New trader trying to put a trading plan together in New Traders Jun 12, 2019 at 20:09

Don't buy commerical EA or Bots. They're a waste of money. Ask yourself... If it works so great why are they selling it?If they worked, they'd be infinitely wealthy.Don't buy expensive lessons and such for "elite trading secrets".... There are no "elite secrets". And the only people getting rich from such scams are the people selling the "secrets". Ask yourself, if this secret is "so elite" as advertised, why is it going to only cost you $19.95? If it was such a good "elite secret", would YOU sell it for $19.95? NO? Of course no...

$200-100k challenge in Experienced Traders Jun 12, 2019 at 19:25

That approximately 8.3% per month.50% in 6 month is a fantastic ROI.Small monthly returns add up quickly over time. Nice job.

$200-100k challenge in Experienced Traders Jun 11, 2019 at 23:10

Go for it if you think you can.But just remember that you should never trade with money you care anything about.Once you make the deposit, you have to consider the money lost already.If you can detach from the actual money on an emotional level, you'll have a better chance than most.Send me link if you set up a stats page for it, it would be interesting to see how it turns out for you.Good luck

$200-100k challenge in Experienced Traders Jun 11, 2019 at 23:02

True words. :)

$200-100k challenge in Experienced Traders Jun 11, 2019 at 23:00

In my opinion it would be better to set your expectations to something more realistic though.$200 into $400 is 100% profit. Most traders struggle to get 100% profit in a year.My own ROI "goal" is a flat 25% annual.Think of it this way, if you had an investment account with $400,000 USD and your general ROI is 25% annually, then you would be adding $100,000 to your account over the course of a year.In my opinion anyone should be able to live a fairly comfortable life on $100,000.00 a year if they use money management and disciple in their lives as well as their trading.

$200-100k challenge in Experienced Traders Jun 11, 2019 at 22:10

You are completely free to try and trade $200.00 into $100,000.00Personally if it were me, I'd probably use a real account though.After all, if I was going to put all that time and effort into doing it, I'd want to actually keep the profits.But again, it's just my own personal opinion.I've turned $250.00 into $2500.00 with 1:50 leverage in a few days before, but I was fortunate at the time to hit a strong running trend and was able to stack my tickets with increasing unit sizes into the basket until my series of trades closed out. I used a special purpose built bot that was de...

What is your most important factors when choosing signal to subscribe? in New Traders Jun 11, 2019 at 10:27

Would it matter if I said yes? I could just as easily be lying about it.In reality I do have a number of tools that I have created for my own use.I do not sell anything, nor will I help manage any funds for anyone.Basically I use MTF (multiple time frame) analysis to determine the short term, mid term, and long term trends.I trade with a 30pip stoploss, if the trade goes beyond 30 pips it's a bad trade, and I just kill the ticket and wait for the next setup. If the price comes back up, then I will open a new ticket in place oft he one that I just closed.I use 50% to 75% of the daily ATR fo...

Successful trading in New Traders Jun 11, 2019 at 07:48

Select a broker that has strong regulations and a guarantee of asset protection.Use strong money management to protect your investment capital.It is better to have small profits over time, than to have massive losses at any time.Trade smaller lot and unit sizes, you can always step additional tickets into your trade basket as the previous ones become profitable.Lock in your profits using a break even SL.Use REASONABLE stop loss levels.Use REASONABLE take profit targets.Do not allow your emotions to guide your trading.Do not trade when sick, tired, intoxicated, or other wise not up to 100% perf...

$200-100k challenge in Experienced Traders Jun 11, 2019 at 04:30

YES!

What is your most important factors when choosing signal to subscribe? in New Traders Jun 11, 2019 at 01:16

As a professional Quant with 30+ years of experience in the industry and more specifically the technology sector, and after having done extremely in depth analysis of thousands and thousands of signals being provided by people, I have yet to encounter a signal provider which truly lives up to the expectations of the investor or is truly able to live up to the hype that they profess to their potential clients.I have personally tested tens of thousands of EA and similar bots on just about every type of investment terminal available, and I can say that with absolute certainty that NONE of them wo...

Market Entry Time Prior to Economic News Release. Suggestions Please! in General Jun 10, 2019 at 21:32

Just a suggestion but you might want to read over your terms of service and acceptable use policies for your broker, to be 100% sure that they don't have a news events restriction of any kind on your accounts. It's often mixed into the sections covering market liquidity if not in a section related to news events themselves.It wouldn't be very good if suddenly you make a massive profit from a news event only to have it taken away by your brokerage because of a somewhat obscure rule hidden in the fine print of your contract.One thing that I've found helpful during times of news e...

Best way to flip from Long to Short? in Experienced Traders Jun 10, 2019 at 01:46

It could also be a situation where a trader opened a LONG ticket and then realized it should have been SHORT but they hit the wrong hot key by accident, and they need to reverse the trade real quick.Small scripts like that are extremely useful to have in the trading toolbox.

Whats Dominan Your Strategy ? in General Jun 10, 2019 at 01:22

What is your most important factors when choosing signal to subscribe? in New Traders Jun 09, 2019 at 23:45

I honestly don't understand how anyone can be so to actually pay for a trading signal.Signals are a waste of time and a rip off.Why anyone would give control of their trading account to a total stranger is beyond me.People who sell EA, Bots, and signals are bottom feeders who make money on the false hopes and dreams of others, always promising big returns, but usually only providing big losses and blown accounts.If they were actually making a lot of money with their own trading, they wouldn't be selling their crap to other people.Select a reputable broker with strong regulations and a...

Are there secret forex strategies in the forex market? in General Jun 09, 2019 at 23:33

No. And that's not how the markets work. At this point in time there is no Holy Grail to trading that will allow you to always win regardless of the markets and regardless of the instrument being traded.

Are there secret forex strategies in the forex market? in General Jun 09, 2019 at 21:08

The Holy Grail is not a simple algorithm which calculates the differences between buyers and sellers.That's absurd. A Holy Grail system would be able to tell someone the exact moves and prices at all times so that you never have a losing trade.

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Posts by Professional4X