show us how you can do this with the prize money... then i'll be convinced.

@ riyaz22 . why do you have withdrawals yet you are trading using a demo a/c ??? did fxcm give you money ?

   profix posted:
   
   alex4xes posted:
   profix,

negative pips balance positive pip is profit, that how it will be, no trader in the world can have only positive pips. But money management is also decided by the pips in risk & potential pips that one can win. You determine tradable lot size depending on your % of equity & pips in risk....Net pips gained is what good & professional traders will look for...Iam amazed with your statement that PIPS are not important.

for example,

if you have $1000 & you are willing to risk 2% of your balance then its $20. Then you have to decide your SL in pips for determining the lots not your lots to determine your SL pips...If you have logical SL level & pips to that SL is 20 Pips then you can trade 0.1 lot as your money management has granted.

Hope this helps you to know the importance of PIPS in money management

Cheers


Pips are totally pointless, only beginners count them.. Maybe once, when you are more experienced, you will understand...you still thinking in just one dimension when it comes to MM


Profix,

I understand MM in this fashion as I have been taught so, if you know what MM is, then I would definately like to learn how you describe MM. By the way, I definately new to forex by not as experienced as you are but I have managed to earn my living through forex on my own. I have added my demo account which is not much impressive as my live account but you can check it so know how I trade. I dont want to update my live account for debating so I have uploaded my demo, but my live is more better than demo. By the way I checked your accounts, good...but doest define you as you write too much on MM but your statement doesnt reflect that. Just as friend want to know about your MM, please dont take anything otherwise or personal. This is just a friendly conservation. God Bless you.

P.S - My only negative month was may12 as there was too much of fundamental issues which made technical a little hard. That increased my drawdown to worst.

hello is it realy free or not because i got this email:

We would like to offer you to access our live account and also get a complimentary trade copier that will enable you to copy all our trades onto your trading account with customisable risk parameters for the first month for $100. This offer ends on June 4, 2012 .

@codyforex

kindly contact info@fxexplosivetradingsignals.com for more details.

regards
riyaz