Posts by myfxpt
Previous 1 2 3 4 5 6 .. 32 Next
[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......
You're welcome...
Thank you...
Never risk more than 2% equity on a single trade Cut your losses short and let your profits run Only trade positions with a 1:3 risk/reward ratio or better Golden rules abound in this industry, and everyone seems to know the rules. But who knows how to apply them? How do you determine in advance if a trade will, in fact, deliver a 1:3 risk/reward ratio? At what point should you cut a loss short? Unless you know how your strategy is performing, you can’t answer these questions. So may I suggest that instead of focusing on what you want your account to do, you......
good Trader ? In General Sep 11 2014 at 08:18
[quote]Goldfather posted: Because I am looking for one to work together with.someone who is able. To make constant growth month by month. [/quote] Happy for you to track my progress. Started with $70 start-up capital. [cool]
good Trader ? In General Sep 05 2014 at 00:33
[quote]Goldfather posted: is here actually a Trader who can trade less then 100$[/quote] This is something that I am testing now. [cool]
[quote]kourosh1 posted: Yes very good idea[/quote] Excellent! Hope this helps other traders simplify their Gold/Silver trading. Cheers, Gary [cool]
Consumer Price Index (10 min)
SEB: EUR/USD sellers at dynamic resistan...(9 min ago)
EURUSD 1.06765 GBPUSD 1.48728
USDJPY 119.647 USDCAD 1.22609
Tools Community Reviews Platform Company Support
Economic Calendar Community Brokers Widgets About FAQ
Forex Market Systems Expert Advisors Features Blog Help
Forex Volatility Most Popular Systems Signal Providers API Twitter Contact Us
Forex Correlation Strategies VPS Services Mobile Facebook Report A Bug!
Forex Broker Spreads Contests EA Programming Translations    
Forex Broker Quotes Forex Charts PAMM Brokers RSS    
Forex Broker Swaps Community Outlook Rebate Programs      
Streaming Forex News   Trading Platforms      
Forex Broker Volume          
COT Data          
Forex Calculators          
Forex Heat Map New          

Download Myfxbook Android App
Site Map  |   Terms & Conditions  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
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.