Posts by lkwong
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Great suggestions, but you see, those are not "best practices" that brokers (sponsors) are encouraging. :) The question you should be asking yourself is :
How do brokers make money ?
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1. track record and trading privileges are not verified.
2. over leveraged
3. risk reward ration inverted, possibly got some martingale system running
4. taking too many trades
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If correlation is your concern, you should look up a correlation table (eg : http://www.forexticket.co.uk/en/tools/01-01-correlation) before making a decision on what pairs to trade.
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You're almost there. 12.45% gain, 73.15% drawdown !
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lawls ... James, you've been on his case for a while haven't you ?
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Ouch, I'm sure it must have really hurt "your friend".
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[quote]zyrt posted:
Hello,
I can pay up to 200$ per month just for an INVESTOR PASSWORD (read only) of a nice account that performs well (need the myfxbook)
Please contact me in private
IF YOU HAVE A NICE MYFXBOOK with good profits-risks
IF YOU CAN give out invest password (i'll copy trades)
IF YOU WANT 200$ per month
Thanks[/quote]
[quote]zyrt posted:
Hello,
I can offer some good investment for capitals of min 30k$
- FREE TRIAL at low risk (like 0.10 trades only, very tight SL)
- You must have a good ECN broker such as Pepperstone, Fxprimus, ICMarkets, Armada, ect, with tight spread and ......
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Once again delved into the past of this thread, and found many "extremely profitable" strategy pages leading to dead links. Guess some got caught with their pants down, again.
-LK
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Thanks for the vote of confidence David. :0)
Only time will tell if it works out, and yes, I do trade trends. The markets have not been very favourable of late, so I've been standing aside. Anyway, its expected to not be trading for such a long stretch. All I need are that 2-3 big moves a year for the system to succeed.
Do take the time to come back once in a while to see how its performing.
-LK
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Good writing. :) However, seeing as its very well written, giving an example of a regular 20% a month profits may give the impression that its something for traders to work towards. Just saying... :)
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