Posts by Chikot
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The issue is, there is no safe 4% :) Everything can happen. Must be on our toes at all times.
"Just Oil" In Experienced Traders Oct 24 at 20:08
[quote]alexforex007 posted: Oil keeps dropping and hurting the Canadian Dollar. Inflation in the Eurozone may have difficulty rising if crude keeps falling.[/quote] Ah, it will go back up. Sweet light crude cheap to produce is history. Many existing projects and those coming online depends cannot be viable if price is below $70 at the very least. That includes Canadian sands. Fracking doubtfully is profitable even at $100.
"Just Oil" In Experienced Traders Oct 08 at 18:56
It's been long time. Been busting my balls and working relentlessly on my trading. If I could I would rename this thread into Just Beans. I have not traded live since my last post but was working to develop my plan and myslef as a trader. Time has come to put my money where my mouth is. Building my account to start making living from it. No FX. it is Futures.
Every trader can have losing period. it is how he controls his losses and himself during losing period that matters. [quote]steveh2014 posted: Just to add to my last post I still do not understand why so many in last 2 months have blown their accounts for if they buy low and sell high as VN says then when USD is strong buy USDJPY? All the traders I follow have good track records and are in the top 10 or 20 of myfxbook - yet almost all of them every day for last month and a half continuing to this day are losing... [/quote]
I guess summer vacation is the best solution ;)
I am close.
Lack of complete trading plan/ method, lack of self control, lack of discipline, poor money management.
What's so bad about 50:1 leverage? It is huge. Can destroy account in no time. uote]lastpiponearth posted: I can really feel the pain of fx trading in the US. So hard to get around that 50:1 leverage.[/quote]
Yes, it is like being in the loop. Doing same mistakes over and over. There is no solution for this outside of will power and making strict and complete plan. Determine when to trade and trade same time every day. Preferably not too many hours but the most active or the most smooth depending upon trading plan and what you are looking for. For example trading only 2-3 hours a day since say 8:00 a.m. to 11:00 a.m. EST or 3:00 a.m. EST to 6:00 a.m. EST. It is in case of FX market. Every market has different behavior during different times. Determine maximum loss per trade and per day. Maximum a......
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Russia Hikes Key Rate Sharply By 150 Bps...(19 min ago)
EURUSD 1.25789 GBPUSD 1.60056
USDJPY 111.644 USDCAD 1.11944
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