Rating: Empty Star Empty Star Empty Star Empty Star Empty Star
Why 2-10% monthly return is far Fetched!
Previous 1 2 3 Next
AmberLynn

Member Since Dec 04, 2012  241 posts AmberLynn Jan 11 2013 at 17:01
Link to the best trades ever made.
https://www.investopedia.com/articles/forex/08/greatest-currency-trades.asp#axzz2HgcAEL5J

 'THE BEST TRADES' ever made. By PROFESSIONAL traders. These positions were taken based on CURRENT EVENTS. Speculative trading which pays off if done correctly. Most of what was done by these traders were unorthodox in nature, yet it paid off. These PROFESSIONALS cashed in on a NEWS release, or the move of the news release. Something called 'FRONTLOADING' in stocks.
  No one should be impressed by 2-10% a month for 30 months. Only because PROFESSIONALS aren't even doing it. Not to mention people in currency get taken away by terms such as 'DRAW DOWN', 'RISK/REWARD', 'MONEY MANAGEMENT' etc. Those terms are excuses to justify our bias position. Here is an example.
   You have people who earn 5% a month, yet with even a 15% draw down. What your falling to understand is that their 'DRAW DOWN' is more then 5 to 15 TIMES the DAILY RANGE of the currency they trade. Most will argue that 'I'm a swinger', yet does that mean a SWINGER shouldn't try to obtain the best possible price? Swingers base their entries on past HIGHs and LOWS. Yet look at the over 1000 point move up eur/jpy has had and the 700 points eur/usd has had over the last 3 weeks. What started it? N.F.P. news release. How quickly we forget these things. We also forget that when EUR/USD was at its 52 week low. It was the actual day of the N.F.P. which caused it to hit the 52 week low and never look back (That was 1.22xx)
    So my point is looking for 5% monthly is unrealistic. Only because THE PROFESSIONALS aren't even avg'in that. Most of the hedge funds which have decent returns do so, off of a 1 day spike in price. Not 3% RETURN daily of a stock they own. Which is why if we focused on earning as much as we can, withdrawing all of our profits, and trying to obtain the best possible price. Will you then see the market for what it is.

Fxringleader

Member Since Dec 01, 2011  95 posts Forex Signals By Forex RingLeader (Fxringleader) Jan 11 2013 at 18:16 (edited Jan 11 2013 at 18:18 )
When you say swinger first thing we think is kinky Wife Swapping Couples... Lol wink Your Percentage returns has a lot to do with time frame used. We are not going to go into details on the logic but a lot of professionals with access to heavy Computer Machinery are doing 20% per month... We are the professionals and talking from personal experience... if can be done...

AmberLynn

Member Since Dec 04, 2012  241 posts AmberLynn Jan 11 2013 at 18:26
Hello Mr. RingLeader. I for one don't believe in SWING TRADING. Not because I can't do it. Only because it isn't the most efficient way to earn profit. To touch on something which you mentioned above. In regards to PROFESSIONALS having access to Computer Machinery. Those machines at best show you market depth. Basically how many lots are sitting at certain levels. That can give you can edge, if your on the RIGHT side of the trade so you can take profit according to those levels. Yet what no machine can do is predict the MOTHER OF EVERYTHING IN FOREX. VOLUME! No machine can tell you how much volume will pore into a currency pair 1m from now, much less 1 month from now. Being that VOLUME determines which support and resistance will be hit. Why would anyone INVEST, when in no way shape or form (unless your an insider) can you predict that 10trillion eurs will be bought tomorrow. ; )

Fxringleader

Member Since Dec 01, 2011  95 posts Forex Signals By Forex RingLeader (Fxringleader) Jan 11 2013 at 18:38 (edited Jan 11 2013 at 18:41 )
We are Also Futures Traders... We have cross Market Discipline this is what gives traders like us an edge. we can see moves in other markets outside of forex. Moves in other Markets have a Ripple Effect. that eventually move into Forex , You just have to know where to look.... Take a look at our new live account. it says we are down about -400 pips yet we have a profit. its things like this. that defy Logic, that will make you the money. 'Forex Volume' is more of an Echo of a 'Event' that has already happened so it is not that important to us....

AmberLynn

Member Since Dec 04, 2012  241 posts AmberLynn Jan 11 2013 at 18:41
Well I see you believe in your system or your company. Yet why not break down a specific trade which you have entered (in real) and give us an example of your Market Discipline.

Fxringleader

Member Since Dec 01, 2011  95 posts Forex Signals By Forex RingLeader (Fxringleader) Jan 11 2013 at 18:50
The Account to that link that is posted is live.... Breaking down a specific trade. is a bit hard, because the system uses so 'SOOO' many different variables at any given time. Plus it can build its Own Micro Strategies add them and delete them in real time based on current day learning protocols... we have discipline in understanding the markets to the point we know how to build a solid piece of software to take that same Disciple to the next level. at faster rates then humanly possible. trading is ALL math & statistics. nothing more. Just Like Human Emotion is a quantifiable Math Statistic.

AmberLynn

Member Since Dec 04, 2012  241 posts AmberLynn Jan 11 2013 at 19:04
Fxringleader posted:
The Account to that link that is posted is live.... Breaking down a specific trade. is a bit hard, because the system uses so 'SOOO' many different variables at any given time. Plus it can build its Own Micro Strategies add them and delete them in real time based on current day learning protocols... we have discipline in understanding the markets to the point we know how to build a solid piece of software to take that same Disciple to the next level. at faster rates then humanly possible. trading is ALL math & statistics. nothing more. Just Like Human Emotion is a quantifiable Math Statistic.


 Sounds GREAT! Yet, not something which anyone will buy into. Yet I wish you luck! If you have developed such a system. Why aren't you earning much more per trade?

christop

Member Since Mar 28, 2011  15 posts christop Jan 12 2013 at 12:00
Dear Amberlynn and all traders please don't get sucked in by FXringleaders sales hype...I know personally of one trader who 'invesested' over $5000 in their fully managed totally automated Plan 5 and saw their account blown up in less then one week (3 trades)...Fxringleader refused any refund nor did they return emails or calls asking them what happened....They simply disapeared and are untraceable as they do not have a physical address or phone contact. They operate via email and skype only....
They are basically high end scammers. Any one wanting to verify the above notice can contact me on [email removed] or call me directly 61 413029789.
Chris Mayhew
Australia

AmberLynn

Member Since Dec 04, 2012  241 posts AmberLynn Jan 12 2013 at 12:18
christop posted:
Dear Amberlynn and all traders please don't get sucked in by FXringleaders sales hype...I know personally of one trader who 'invesested' over $5000 in their fully managed totally automated Plan 5 and saw their account blown up in less then one week (3 trades)...Fxringleader refused any refund nor did they return emails or calls asking them what happened....They simply disapeared and are untraceable as they do not have a physical address or phone contact. They operate via email and skype only....
They are basically high end scammers. Any one wanting to verify the above notice can contact me on [email removed] or call me directly 61 413029789.
Chris Mayhew
Australia


  Thanks so much for the response. I wouldn't say he is a scammer. He is more of a horrible trader. He would of been a scammer if your friend of sent him the 5k and never funded the account. Yet in this case, you have a person who knows how to blow accounts, while pretending he is a swing trader!

Fxringleader

Member Since Dec 01, 2011  95 posts Forex Signals By Forex RingLeader (Fxringleader) Jan 12 2013 at 21:48
People Are free to post what ever they like, 'Good Or Bad' that's the freedom of the internet. but we are a transparent company. and easy to contact. We even have a live chat support button on our web site. Are we going to hype something, not at all. we post our results to myfxbook.com and keep them Posted up even if the results look bad., when we first started on myfxbook our first account. made money but had a nasty drawn down, 'easy to see on our results plain as day' that version of the system had a -80% drawn down at one point. enough to wipe out an over leveraged account. and wipe out an account if the broker re-quoted the account to many times. from leaving to many trades Opened.

Now Since that first account. Over 1 year ago 'back in 2011' you will see all the new system versions and the absolute draw downs have been getting lower and lower. and no we are not swing traders not worth the risk to swing trade.. the main issue was our multi system bridges getting our Joone Engine to Translate trades into MT4 and still have a broker that could follow all the micro order changes. We had enough of the demo accounts. found a good broker we like and its a public live forward test. so we can dwell on the past or focus on the present and move on to the future is how we see it. not once have we been on this forum and said Hey! buy my system and get rich over night....

The New Version of the 2013 system is more balanced and is looking for low sustainable returns over the long haul. its an Open book. open for public debate and inspection. This account represents a small blown or damaged account that is in recovery. only thing one can do is follow it and make notes. and Make there own opinion... Got a Question about it. just ask. cool

Previous 1 2 3 Next
Loading
Loading
EURUSD 1.11079 GBPUSD 1.30955
USDJPY 109.243 USDCAD 1.31838

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 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. Past performance is not indicative of future results.