Posts by myfxpt
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[quote]TomD131 posted: FinFX is a good choice. Unfortunately I do not know any others. I am from the USA so I walk away from a broker when I find that it does not accept US clients. I am glad you found a broker that you won't need to worry about![/quote] Tradersway does not appear to accept USA or UK clients. [cool]
Maxim Trader In New Traders Jul 15 at 07:06
[quote]acewinner posted: Maxim Trader is a registered company in NZ.[/quote] Yes...and like so many others they operate out of a lawyers office. Note that the one and only Director is not resident in New Zealand, but in Cyprus. They may well be quite legitimate, but why set-up business half-way around the world? [cool]
Maxim Trader In New Traders Jul 15 at 07:03
[quote]ForexAssistant posted: "I'm already not comfortable with this type of risky overseas investment in the first place" Good move, don't do it. If you have any doubts, pull out. Traders manage their risks, not just blindly accept them. If you don't know how they make money for you, find something that you do know about. There is enough risk in investing, going into something blind is risk above and beyond reasonable. Bob [/quote] Sounds like good, down-to-earth, practical advice. Could not agree more, Bob! [cool]
Entry points In New Traders Jul 15 at 06:57
[quote]stokvelclub posted: Hi is is there any best indicators for entry especialy major pairs?,or even trading auto traders?[/quote] Personally, I use a tight combination of indicators so my entries can be confirmed by more than one signal. I then like to look at the next higher time-frame and next lower time-frame to see if there is additional confirmation. There is no simple answer to your question other than to say that a signal ought to be confirmed by two or more indicators, i.e. a moving average cross confirmed by RSI or MACD or CCI or Stochastic, or some combination of these.
This f*cking IBFX In General Jul 14 at 08:42
Thanks for the feedback! Well, I guess I will have to find out for myself as there seems to be some in favour, and some against. I trade manually only, on the H4 and Daily time frames, and have not had any issues in demo to date...let's see how live trading goes with small start capital. Cheers, Gary. [cool]
simple question. In General Jul 13 at 22:52
[quote]Sawood121 posted: damn i wish i was a robot with no emotions while trading.[/quote] If only! That's why money management is so important...perhaps more important than market analysis! Good money management and a poor strategy can be profitable, but a good strategy with poor money management will ultimately fail. Why? Because good money management gives you specifics on which to act, which eliminates indecision, and goes a very long way to removing the emotions that prompt us to move our stops, take profits way too soon, and jump into some trades that, in hindsight, make absolutely no s......
[quote]makeitrain posted: [quote]jwc914 posted: Thanks Gary I just watched the vid[/quote] *This following post only applies if you want to use automated trading* I urge you to consider why serious traders use vps not their own machines. If your internet/electricity cuts out for just a second your EA activity is disrupted and all of your account's equity are at an unnecessary risk of loss!! Adding the laptop element is even worse, using a laptop which does not do great running 24/7..laptops also have built in mechanisms to switch off if they overheat. I use a che......
[quote]ahuruglica posted: @Gans Myfxbook is specially made to publish trading accounts, not pictures.[/quote] [cool]
[quote]jwc914 posted: Hello, My name is John, I am a construction worker, I had been out of work since 2009, but I am back to work now. I am 53 y.o. and have just a few years left until retirement. I have been studying FOREX trading since mid 2009 and absolutely love trading from my laptop. I am truly impressed with the vast amount of information and different robots and systems involved. My problem is win 8. I would just like a computer dedicated to trading and I need an operating system I can use. I am not like you guys, when I have a problem at work I get a hammer. Hit it as hard as I can. ......
simple question. In General Jul 13 at 00:27
[quote] My answer is : yes because it is percentage of risk used according to different factors considered by the trader, regardless the capital of the account. But I consider the balance 100000 K should make at least 25 % to 45 % a month with safe strategy. In other words 15 % a month from balance of 100000 K, you can make it easily . Cheers[/quote] Absolutely agree! 15% is 15% regardless of capital. But...the big difference between a $1,000 and $100,000 account is our emotions...that's the killer! [cool]
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Asia Recap: Consolidation in G10 FX(14 min ago)
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USDJPY 117.806 USDCAD 1.12613
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