7forex's Posts | Myfxbook

The Main reason Why Forex Traders Fails. in General Jan 19, 2012 at 17:52

Yes, I think psychology is the most important aspects in forex trading and I agree money is the main reason for trading emotionally.Per your recommendation that is to "forget about the money", can you also suggest how to do that? I believe most traders know we need to not thinking about money but just don't know how.Looking forward to your advises.

7forex-live in Trading Systems Jan 19, 2012 at 09:59

My daily goals are +4%; 15 pips and 60% winsMy weekly goals are +10%, 50 pips and 60% winsMy monthly goals are +50% and 65% wins.And my overall trading goal is to make improvement every day.

Hey all!...What is a good monthly return/drawdown limit ratio target? in General Jan 18, 2012 at 23:08

Keep doing what you are doing and you will have a lot of clients. Your performance is what investors are looking for!

7forex-live in Trading Systems Jan 18, 2012 at 07:59

I am focusing on trading this account with 50:1 leverage and risk up to 5% per trade for 50% monthly compound profit target. You can check my 'Goal" for more details.

7forex-live in Trading Systems Jan 05, 2012 at 09:38

1000% a week is hard for both demo and live accounts. This account can't make 1000% at all because it's 50:1 leverage. My goal for this account is 100% a month.

How do u react, the moment your trades hits stoploss? in Experienced Traders Dec 27, 2011 at 06:30

To me, most systems can make money. However, only the traders who can manage their emotion well can really make profits from trading. I trade the same system for many years and only make money when I can manage my emotion well and lost huge when I am trading emotionally out of control.

How do u react, the moment your trades hits stoploss? in Experienced Traders Dec 26, 2011 at 19:35

I really appreciate this thread and all your posts. They help me so much and I need to learn, improve myself from your advices because I always want to get right it to earn what I just lost back after being stopping out.I must think getting stopped out is one of the right thing, instead of thinking I am wrong. I should also walk away from the computer for a while just like Affi2 post.Anyway, I can trade well when I can control my emotion and trade terrible when I am trading emotionally. Must improve myself on this area which is the hardest part of Forex trading.

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Dec 26, 2011 at 04:24

I agree. I must trade better patiently and wait for the best trading opportunities to reduce the ups and downs. My current winning ratio is under 60% and my goal is to trade better with 75% or higher winning.

I'm new and somewhat lost in New Traders Dec 22, 2011 at 19:24

Well, Forex trading is very easy to get in but very difficult to be mastered. You need to invest a lot of time and money to have a little chance to be success and most people can't make consistent profit from Forex trading. However, if you can survive, means you don't lose too fast, you may have a little chance to make it another year which is what you need.You need to ask yourself: Can I commit to it life time with a lot of frustrations, time and money? If not, don't even try.Most Forex trading systems can produce profits if we are mentally health enough. My trading system is very...

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Dec 22, 2011 at 19:04

Some as me if I can make an EA for my trading strategy and they will help me to do so. My question is that it's possible to make a EA because I only draw support and resistant lines manually on my charts.

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Dec 21, 2011 at 01:45

Hi TheCyclist,I am listening and your advises are so important for me. I truly appreciate your efforts and comments. Because of your posts alone with others, I am now trading with Stops to limit my per trade risk that helps me survive for some other trades when I make a wrong decision. Again, thank you very much and look forward to your posts.

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Dec 20, 2011 at 10:30

I received a lot of messages asking my trading strategy. I believe Forex trading has very little to do with trading strategy (of course, we need one that is profitable). It's a mental game. My trading system is very simple. I just trade on support and resistance and I trust my system when I am mentally healthy. However, I may overtrade and be mentally out of control sometimes when I can lose big. That is why I only trade 20% or less of my total risk capital to avoid losing all my money at once.So my trading strategy is to trade on support and resistance. I only draw support/resistant lines...

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Dec 19, 2011 at 23:08

I am now trading a live account with 200:1 leverage which was impossible for US clients in the past. However, the spread on live account is a lot higher than demo or even different than the spread on their website. The spread I am trading is about 2.3 pips while their website states it as low as 1.3 pips. Every pip means 1% for me because I am trading 100:1 leverage. If I make 100 trades, it will cost me 100% or more (because I compound my trades). For this reason, my profit target will reduce from 1,000% to 500%.After carefully considering all your comments, I am now trading with about 12 pip...

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Dec 14, 2011 at 06:13

First, I would like to thank those who trust me and let me trade their accounts. I did trade one live account but the result was poor for about -70%. I am sorry for losing your money. After carefully review my trades and learn all your comments. I believe that I should continue to trade on high leverage with stops. I need to find a broker that accepts US clients with 100:1 leverage all higher. I found one and now testing it on demo and will open a live account soon if the demo works find.I also appreciate all your comments here. Especially, I agree that trading system can only work if we have...

7forex-2.5k in Trading Systems Nov 22, 2011 at 17:27

Thanks Giving is coming. I will stop trading this accoun now.You can see my trading details login to the account.Account Number: 11255499Investor Password: 10pslServer: ThinkForex-DemoHappy Holidays!

7forex-2.5k in Trading Systems Nov 22, 2011 at 04:30

Another high risk, higher return account for you to review or follow. This is my 5th account here with 1 loss. Please check my out for more information.

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Nov 21, 2011 at 17:43

fxbootstraps, Great point on demo account performance. I keep saying that I have no experiences trading live accounts on this broker because they don't accept US clients. I can only hope the trading conditions on live account should be as good as on demo for the same performance I have done 5 times here with 1 loss.I also agree with you that risk/money management is one of the most important aspects of Forex trading. You can read this thread and find that my risk/money management is unique and much better for this opportunity.Here is another account I am currently trading with SLs for you ...

7forex-down in Trading Systems Nov 19, 2011 at 08:13

Thanks. I have done more than 1000% in 1 week twice on 2 accounts (one from $50K to more than $600K and the other from $5K to a little over $55K) and 1 40% loss, from $5K to $2999. This one was from $2999 to more than $10,000. See all my trading accounts below:$50K account$5K account40% down accountContinue from the 40% down account

I have done 1,000% in 1 week twice on demo and I need to do it live... in General Nov 18, 2011 at 18:31

Just traded an account from $2,999 as the 2nd try of the above margin call account. Got it back to a little above $10K. Will trade another account from $5k and keep the inital $5K (the new $5K can be viewed as a risk free account) per my plan.Please see my trade details and you will find that I placed SLs on this account.Account Number: 11254867Investor Password: 2999atServer: ThinkForex-DemoAgain, I truly appreciate all your comments and advices that make me trade better.

7forex-down in Trading Systems Nov 18, 2011 at 15:59

This account is part of the 40% drawdown account per my plan.

EURUSD	1.1565	GBPUSD	1.31515	AUDUSD	0.65524
USDJPY	153.875	USDCAD	1.39863	USDCHF	0.80187

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