Posts by myfxpt
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[quote]popeye1769 posted: I have an account with Alpari UK. I was't in the CHF trade. Is it possible I will get my money back. I am also preparing to move on with my trading journey. Where do I go to find information about these brokers and could anybody recommend some. I am in the UK 1. Client funds segregation[/quote] Hot Forex [cool]
[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: http://forexmagnates.com/forex-industry-battles-eurchf-meltdown-real-time-updates/[/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 both...it'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]
Employment Level (QoQ) (1h 30min)
AUD/USD: Downside scope on better US dat...(8 min ago)
EURUSD 1.09351 GBPUSD 1.54503
USDJPY 121.856 USDCAD 1.23081
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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.