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snapdragon1970
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snapdragon1970
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Is demo trading enough before real account?
in
New Traders
Jan 04, 2016 at 14:35
Yeah read all my posts.
EUR/USD
in
New Traders
Jan 04, 2016 at 02:18
Good morning guys ,hope you had a great New Year!Did a long position on eur/usd at 1.15 ,8.25 level it didn't hit the 820 level,sold at 862,the news don't look so hot for US.I will see what happens over night at London open.
EUR/USD
in
Experienced Traders
Dec 31, 2015 at 13:15
I see support at 867 on the 4 hr chart, a break below this could see 820.
EUR/USD
in
Experienced Traders
Dec 31, 2015 at 13:11
Keeping an eye on 880,if we go below this I think we might get a push lower,but 820 is a long way off.
Is demo trading enough before real account?
in
New Traders
Dec 31, 2015 at 12:51
It will take a long time to double your account,unless you have some edge and a real understanding of how the markets work,the only way you will get a real understanding is through proper education,you need to understand how this works from the inside before you can have any chance of success.Otherwise you will be an easy target.Its your task to find someone with proven success and that has worked in a Financial Institution or similar.One other topic that I get asked often ,how much should I put into a live account starting off?As little as possible until you get used to the added pressure of ...
EUR/USD
in
Experienced Traders
Dec 30, 2015 at 19:51
4 attempts to break through 942,will it do it before New Year?
EUR/USD
in
Experienced Traders
Dec 30, 2015 at 19:47
We haven't broken below 898 of yesterdays 4pm spike,which is a positive sign for me.
Trading Gold with VSA, Patterns and Seasons
in
New Traders
Dec 30, 2015 at 19:30
That's because its FX.
EUR/USD
in
Experienced Traders
Dec 30, 2015 at 19:11
I think it will remain flat,no new money will come into play until the New Year.We are stuck between 900 and 940 for now,I have no positions until New Year.
Honest truth about forex.....
in
New Traders
Dec 30, 2015 at 19:05
1:100 is fine for starting off,as you get confident that your edge works you can increase leverage.Setting your stop loss at 2% of capital is 2% risk not 1%.Entry point is very important,otherwise you will be moving your stop loss more than 2%,this is because you have to allow for pull backs and spikes .Professional trading is based on how good you are at capturing the full move not half of it.No one is going to get their entry 100% right all the time,but with practice you will get pretty close.
Is demo trading enough before real account?
in
New Traders
Dec 30, 2015 at 15:40
Hi Lucie,I would advise people to get professional training if they can,before they enter live markets.Demo is fine to test different strategies.One way to prepare you for live markets is to work with a small amount of cash in your demo,say 5000 or less,this way you will be more careful with how your trading and you will feel a bit of pressure to protect it.Be lucky!
EUR/USD
in
New Traders
Dec 29, 2015 at 18:20
Still moving in the right direction,I will close out the position at 19:00hrs unless I see more strength of an up trend.
EUR/USD
in
New Traders
Dec 29, 2015 at 16:51
On the 4 hour chart there is support at 870,no major change on European close which suggest to me more weakness if we get a lower level than the 4pm spike down depending on how many points its breached by,we could see a reversal,seeing a bit of an up trend at the moment,wise move at 4pm ,lets see how many point we can grab this time.
EUR/USD
in
New Traders
Dec 29, 2015 at 16:26
30 point gain, closed out on sign of weakness,we will wait for a retest of 900 level at European close.
EUR/USD
in
New Traders
Dec 29, 2015 at 14:24
The Head and shoulders pattern,I have to laugh when I see posts like this on news blogs,reading tea leaves too works.
EUR/USD
in
Experienced Traders
Dec 29, 2015 at 14:15
stocks are to open higher,wall street under pressure to deliver a year end rally,crude oil futures are going up,I expect a bounce off this 900 level,how long it will last is questionable .
EUR/USD
in
New Traders
Dec 29, 2015 at 14:09
We got a push to the downside,I placed a long position on eur/usd @ 910 ,I have a stop loss at 900,the reason im going long ,1 stocks are to open higher,2 gold is going up,Oil is up,Wall street is under pressure to deliver a year end rally.Lower BB was broke ,this might be the start of an up trend,we shall see if the open has any effect.
Tips and tricks!
in
New Traders
Dec 29, 2015 at 13:46
@kricka thanks,I will take a look,I'm actually reading a book called Machine Learning.
Honest truth about forex.....
in
New Traders
Dec 29, 2015 at 13:33
Trading the news is highly risky,I trade up to the news and close out before the numbers are released,or I wait for 10 mins after until it develops a trend.knowing when not to trade is what professional traders do all the time,one other way you can trade the news is put on a buy and sell order on the same trade,close out one order depending on direction,I only trade when I see I can make at least 20 points,chasing the market is a fools game.80% of the time professional traders are doing research looking at charts and news or on the phone to clients.When I went to work in London I was really su...
EUR/USD
in
Experienced Traders
Dec 28, 2015 at 21:21
The link is in VIP videos section New Traders"the mind set of the FED".
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