Posts by myfxpt
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[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......
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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 $70 start-up capital. http://www.myfxbook.com/members/myfxpt/myfxpt-ez/1009477 [cool]
good Trader ? In General Sep 05 2014 at 00:33
[quote]Goldfather posted: is here actually a Trader who can trade less then 100$[/quote] This is something that I am testing now. [cool]
[quote]kourosh1 posted: Yes very good idea http://www.mql5.com/en/market/product/3894[/quote] Excellent! Hope this helps other traders simplify their Gold/Silver trading. Cheers, Gary [cool]
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