Actually I think you already answered that question. But ok. You seem to believe that it is a great strategy and no matter what numbers people show you that it is too risk, you are obviously convinced otherwise. Fair enough!.
If you are so certain about the stability of his system why dont you invest a few thousand with him and then you can have great returns too.
I dont need to invest to his system as I posses my own profitable system which I trust My point was that strategy is better then many others posted here
Maybe you should consider investing with some trader as the systems that you have are nothing more than very average. The best strategy out of 30 you have posted is not much better than the average strategy posted on this thread. Besides, you use mostly brokers that are a joke and no serious trader would use. If I were you, I would focus more on trading than posting on this forum. Looks like you spend too much time here instead of trying to improve your average trading skills. Cheers mate
snapdragon1970 posted: I don't get why Traders are posting accounts with bigger average losses than winning trades,do they not understand the basics of trading/money management?
Average loss vs avg winning trade is not really important if other aspects of money management are respected. If you think thats the only aspect of money management then your view of it is very simplistic. There are plenty long term profitable accounts which, by your logic, should already be wiped out long time ago.
Why don't you share with us what other money management systems would be of benefit,since my view is simplistic in your view.
I am not here to promote anything so I will not post any particular account. But with 2min of quick searching through Systems and I found 5 systems with 2 year+ trading history on regulated brokers that have average loss at least 2x higher than avg win. And thats going just through the first couple of pages of the list not even looking at all the systems that popped up. I looked maybe at 10 systems that were on the list and on the list there were 17!! pages that passed my filter. So what do you say about that? Will you still claim that avg win vs avg loss is the most important aspect of MM? 😁
Did I say it's the most important thing? you need to re read what I posted before making comments,Looking at average win Vs average loss is just one stat,plus I said it was a basic rule in investing/trading.
I mean its ok although only limited history. However what I dont really like is the fact that you started with 100 and 0.01 lots (thats 1:10 leverage which is a bit too much for my taste). Now at least with 300 or so balance you are at 1:3 with 0.01.
Still the pips are pretty decent so far. Of course due to the moderately high leverage it could have gone the opposite way. I cannot judge that due to the limited history as I said. Hope it works for you in the future. Best of luck
I don’t know why most of the attached accounts are very recent! I am looking for a long time successful account (minimum 2 years).
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.
Past performance is not indicative of future results.