Posts by myfxpt
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Leverage is simply a facility to multiply your capital earnings power. Whether it's 1:100 or 1:1000, risk is still controlled by your stop-loss, which in turn is determined by your risk factor. If the result of a trade were 100% guaranteed, you would use the maximum leverage available and fully employ that leverage, because you couldn't lose. But reality is different...we NEVER know the outcome of a trade in advance, so we never fully utilise leverage. For example, if you open an account with $1,000 and 1:100 leverage, you could trade a $100,000 contract, but it would only take a 1% loss to wi......
[quote]alexforex007 posted: Another good method to use when placing your stoploss is to place it outside volatility, and volatility could be measure using the ATR, good work.[/quote] Agree! Any measure used that will keep you outside volatility will help reduce premature exits. As volatility dies down, prices tend to consolidate, and so the stop-loss automatically moves closer to the price action and not give back too much if triggered. [cool]
If it bugs you when your stop-loss seems to be working against you at times, like giving too much unrealised profit back at exit, or triggering too frequently, resulting in a string of small, but annoying losing trades, this might be helpful. I deal with this issue by setting a Buy Entry Stop at the previous low less ATR, and Sell Entry Stop at previous high plus ATR. This allows room for a new trade to settle-in without risking too much. My Buy Trailing Stop is moved to the previous low IF the ask price is more than the entry price plus ATR, and the Sell Trailing Stop is moved to the pr......
Ultimate Tendancy In General Jan 31 at 08:10
[quote]Furax posted: and starting with a live account with only $10.00 is not a problem for nobody, isn't it ?[/quote] Just curious as to why you have not opened a live account with $10 already?
[quote]DrVodka posted: whaaaat :) [lol] dont blaim me , blaim the internet . once its there its everywhere [twist] [/quote] He,he,he... [cool]
[quote]takechance posted: Ha ha I like their catchline "simply know every future movements IN ADVANCE" LOL[/quote] [cool]
[quote]popeye1769 posted: I have an account with Alpari UK. I was't in the CHF trade. Is it possible I will get my money back. I am also preparing to move on with my trading journey. Where do I go to find information about these brokers and could anybody recommend some. I am in the UK 1. Client funds segregation[/quote] Hot Forex [cool]
[quote]alexforex007 posted: Just be careful with whom you choose to be your broker. A lot of companies will go bust, but others will emerge as the most reliable and profitable ones.[/quote] So true. Critical if you want to be around for the long-haul...know your broker! Don't worry about bonus offers, spreads, and all the promo stuff, focus instead on account terms and conditions, segregation of client funds, if the broker banks with a reputable bank in the same country that the broker is registered, licensing, regulation, legal system and legal jurisdiction. Of the above, my first priority ......
Hi TakeIt Absolutely agree! When I traded Bank Bill Futures back in the 80s, I won just 3 out of 10 trades. My average win trade made around $250, whilst my average losing trade lost $50, so my risk/reward was 1:5, and my profit was around $400 over ten trades. The biggest problem we all face is to determine the potential risk/reward in advance of making a trade. Some traders use Fibo lines, others use S/R lines, and both provide a good guess. But the only real way to learn about your risk/reward is when you close the trade. Hence, this is why I choose regular account analysis to see how my ......
[quote]forexpipcatchar posted: lol they have gone bust[/quote] You are so cruel...but so correct! They're gone! [cool]
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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.