Posts by myfxpt
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[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]
[quote]adrian8891 posted: Here You have list of most brokers with their results after this CHF action:[/quote] Looking at this list you could conclude that the brokerage industry, in general, has absorbed the CHF fiasco pretty well. [cool]
[quote]Lswilliams posted: Hey all, I'm new to forex trading and I'm just looking for some advice and guidance, I'm Lewis and I'm from the UK and currently a final year student (I study film and philosophy), I have no real experience in trading, I have traded on a demo account for the last couple of weeks, but I know trading for real is different, so I'm just looking for guidance or help, to help me learn the market quicker or some information I can study to improve my trading skills. I will attach a image of the trading I have done so far on my demo account, so far I have just been listening t......
[quote]ForexAssistant posted: I pray for the day when only people share this planet and there is no such thing as governments, aggression or enemies. Merry Christmas my friends, to everyone but especially to our Russian friends. And the best and happiest of New Years. Bob [/quote] Will we ever get there? Not likely! There's always going to be someone that wants to control another through either manipulation or violence, or's how us humans seem to work. [cool]
[quote]Here in MyFxBook, in Advanced Statistics of each system, we can saw many data. Profit factor is something that you called win/lose ratio right? How about others 3 information? How we can analyse them? Very happy if you could give an example [smiley][/quote] Thanks for your feedback. Actually, the Profit Factor is the risk/reward ratio, and the win/lose ratio is the number of winning trades as opposed to the number of losing trades. If you divide the number of winning trades by the number of losing trades, this is your win/lose ratio. Finding the Longest Losing Streak (LLS) is simpl......
[quote]Verisimilitude posted: Excellent thread Garry, A well informed post on risk management if you don't have/understand this " failure is inevitable." I hope you don,t mind if I use your post for newbies in the market. I am tracking your live account and with your understanding of RM, I am sure you will be a successful trader.[/quote] Thank you! No problem using this post for newbies...that was the intention! [cool]
If anyone has questions, just ask. [cool]
[quote]DrVodka posted: AND u called this EASY ???[grin][grin][grin][/quote] Thanks for the feedback, and thanks for your point of view. Sometimes the explanation is more complex than the subject, and risk management is one such subject. But in the end it all comes back to 4 pieces of information - win/lose ratio, risk/reward ratio, LLS, and LLT. This information is easy to come by through simple analysis of account performance...true? With this information in hand we can instantly determine if we are meeting our account objectives or not, and if not, what to do next. My point here is to emph......
IFO - Current Assessment (36 min)
CBR to keep rates steady – BBH(5 min ago)
EURUSD 1.12453 GBPUSD 1.50234
USDJPY 118.142 USDCAD 1.24366
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