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Paid help for newbie forex investor
på
Erfaren Traders
Oct 17, 2012 at 19:00
you need to know what to expect in terms of risk. I wonder also why investor's password? if account connected to myfxbook investor can see everything trader is doing.
Paid help for newbie forex investor
på
Erfaren Traders
Oct 17, 2012 at 18:33
I think the above points are enough. If trading record confirmed you can see what kind of trader he is.
"Just Oil"
på
Erfaren Traders
Oct 17, 2012 at 18:28
have 7 trades running now. had been whipsawed around for 3 weeks now. Now trends might be starting. I only do not like how Cad based pairs reacted which I have 2. eur/cad is making deep pull back. been +220 pips now only +120. stop to BE. might get stopped.
Paid help for newbie forex investor
på
Erfaren Traders
Oct 17, 2012 at 16:12
I would point to different criteria. When trader is connected to myfxbook it is easy to see statistics. The most important to consider are the following:1. Does trader uses hard stop and how consistent he in implementing them. which means no over sized losses like some 100 pips and then 600 pips. No hard stops is not good whatever the returns might be. Black swans happen and account might got blown overnight or in the day light like May 6, 2010.2. Very important: average winner must be larger than average loser. It is also related to number 1. If average winner is smaller than average loser th...
EUR/USD
på
Erfaren Traders
Oct 16, 2012 at 11:17
if eur can rise at all with all good usd news so why not to trend up to some nice level.
EUR/USD
på
Erfaren Traders
Oct 16, 2012 at 11:16
I am long in some pips. let's see what happens. 1.4000 anyone?
EUR/USD
på
Erfaren Traders
Oct 16, 2012 at 11:12
This looks like a dogy chasing own tail 😁
Anyone Trading For A Living?
på
Erfaren Traders
Oct 15, 2012 at 21:36
The whole idea to make living form trading is a risky one, but so is life. how many make it? a few
Paid help for newbie forex investor
på
Erfaren Traders
Oct 15, 2012 at 15:39
Follow this advise and you will never learn how to trade. But as I said, do not risk even $20 000. Open live account with Oanda, deposit $100, develop strategy you can pick some reasonable stuff at Forex Factory. Trade only longer term from daily chart never risking more than 1 % per trade. You should know that although $120 000 sounds like a lot of money, it can dissapear like snow in spring if you do not know what you are doing and cannot control yourself. Once you are in trade which goes and keep going against you it will be an eye opener. therefore, do not risk anything until you know what...
Anyone Trading For A Living?
på
Erfaren Traders
Oct 15, 2012 at 10:35
For me it is no hobby but it takes time and as we say, those who do not risk do not drink Champagne. It is just that risk should be reasonable. no house betting 😉
"Just Oil"
på
Erfaren Traders
Oct 13, 2012 at 08:13
closed all positions before close but aud/nzd, again closed nzd/usd short by mistake but will reenter if price action confirms. been thinking that it requ9ires mental calmness to see 8% unrealized in floating profit and do nothing. it just was not enough there to take profits. most of trades even did not give 1:1 and few 2:1 but this is not what I am aiming at. I know that when markets takes off and I am in I can rack huge pips again. this helps to go through such periods. in any case I am already seeing in what situation I should close trades before ma's cross against me. During last run ...
"Just Oil"
på
Erfaren Traders
Oct 11, 2012 at 16:59
decided to close everything again. no quick reaction I expected. will be waiting to build positions again. a lot of indecision.
"Just Oil"
på
Erfaren Traders
Oct 11, 2012 at 11:42
closed all positions but aud/nzd, gbp/usd closed by mistake. will be looking to establish positions anew.
"Just Oil"
på
Erfaren Traders
Oct 11, 2012 at 05:45
Got stopped aud/usd for +1%. added 2 more trades.
Paid help for newbie forex investor
på
Erfaren Traders
Oct 10, 2012 at 22:38
I would not put no $20 000 now if you are really a newbie.Open an account with Oanda and deposit $100. You can trade $100 live same way and with same money management as $120 000. It takes long time to make it in this business especially for those who are not insiders like us.
"Just Oil"
på
Erfaren Traders
Oct 10, 2012 at 07:59
opened quite a bit of new trades and locked 100 pips on aud/usd just above 2 days swing high. aud looks like getting stronger would not want to get stopped for nothing like eur/usd and e/j happened after 200 pips runs. reentered gbp/nzd too short side.
"Just Oil"
på
Erfaren Traders
Oct 09, 2012 at 23:55
closed gbp/nzd 40 pips short of my stop loss. the rest is in profit some moved to BE. Hope trends will start. eur looks like weakening.
"Just Oil"
på
Erfaren Traders
Oct 09, 2012 at 15:04
ok, added more trades and closed usd/cad. never liked this pair and I kind of getting cerebral when it comes to when trade doe snot work even before there is signal to close. gbp/nzd ain't working for now but it has good potential if takes off so I am waiting and watching few more pairs to add when signals arrive.
Paid help for newbie forex investor
på
Erfaren Traders
Oct 08, 2012 at 12:36
exactly why i mentioned long term trend following from daily charts. No need to go auto. You can trade it manually too. entries for me are mostly at night.
Paid help for newbie forex investor
på
Erfaren Traders
Oct 08, 2012 at 12:34
I meant first wife 😉
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