Posts by 7forex
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[quote] TheCyclist posted: Or maybe we just need have a nice cup of coffee, wake up and stop dreaming, and don't drag other people down with us. I gave clear concise reasons why this would fail. No one wants to listen, go ahead. Fail. It's the hot stove thing. I can tell you many times don't put your hand on the stove. Don't believe me, go right ahead. More investors want to feel the pain? [/quote] 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 St......
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 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......
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 ......
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: 11255499 Investor Password: 10psl Server: ThinkForex-Demo Happy 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.
[quote] fxbootstraps posted: 7forex, It is a demo account with no grounding in money management. I agree that it is exciting when it happens the first time and yes I remember thinking I had found a secret formula in the past but it is just a demo account. Unfortunately there are people with even less experience than you who might think that you are a credible trader so you should be responsible and stop posting things like this until you have a track record with sound money management. I am not suggesting that you can't do that in the future but just that you should do a bi......
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 <a href="http://www.myfxbook.com/members/7forex/7forex/186650"><img border="0" src="http://www.myfxbook.com/widgets/186650/medium.jpg"/></a> $5K account <a href="http://www.myfxbook.com/members/7forex/7forex-5k/188722"><img border="0"......
[quote] 7forex posted: I got margin call on an account I started trade this week. I believe all positions will be closed at or below 30% margin. Margin call account: <a href="http://www.myfxbook.com/members/7forex/7forex19/191230"><img border="0" src="http://www.myfxbook.com/widgets/191230/medium.jpg"/></a> Account number: 11254212 Investor password: 50to30 (will be changed when I trade this account again at least 1 week later) Server: ThinkForex-Demo. [/quote] Just traded an account from $2,999 as the 2nd try of the a......
7forex-down In Trading Systems Nov 18 2011 at 15:59
This account is part of the 40% drawdown account per my plan.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.