Posts by myfxpt
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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]
This f*cking IBFX In General Jul 13 at 00:19
Does any of this relate to IBFX Australia? I am testing a demo at present, and it seems ok, but when (if) I go live maybe I can expect something totally different? [cool]
Pureprofitfx In Trading Systems Jul 12 at 23:20
[quote]PureProfitNoRisk posted: I have experienced many trading strategies during years of trading for brokers, banks and investment funds. If you want a steady and reliable one, watch my strategy! http://www.myfxbook.com/members/PureProfitNoRisk/pureprofitnorisk/942758 It is based on money management with the emotional control included. I have discovered the only reliable strategies ar those based on good money management. Shortly, if you have a dumb strategy and you know a simple math and used all the time( emotional management comes in place here) you will make money![/quote] I absol......
Markit Manufacturing PMI (11 min)
Russia Manufacturing PMI Stable In Augus...(4 min ago)
EURUSD 1.31313 GBPUSD 1.66258
USDJPY 104.148 USDCAD 1.08652
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