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From 50% Loss To 1 Million

Marian Hlinka (CalmXTrader)
Jun 16 2013 at 11:28
12 posts
Hello,

I have lost about 50% of my trading account due to lack of patience and emotions. About 2 months ago I have changed my approach to trading and my performance changed. My goal is to make 1 million no matter how many years it will take. I can see some of you laughing, that is ok :)

My strategy is ti wait paitently for high probability setups on 4 hour charts, open trade risking max 2% of my capital and aim for 2 to 1 Reward/Risk ratio.

I hope this community can support me and keep me on track when losing streaks come.

Here is my profile
https://www.myfxbook.com/members/CalmXTrader/from-50-loss-1-million/586635

Thank you


Think Long Term !
Hans Bowles (hansbowles)
Jun 16 2013 at 17:08
55 posts
Hey there,

Don't worry, not everyone is laughing. I also have my own private systems (which are not uploaded to myfxbook) which are doing great. If you keep trying long enough, also you will reach the 1 million :-)

Cheers,
Hans.

Amr Saleh (BlackCode)
Jun 16 2013 at 17:59
30 posts
Well, first of all i don't think anyone will trade with InstaForex and will make any millions! They are Market Makers and they have the worst execution and spread in the market!

So you better use a good ECN broker with tight spreads, even if your targets are big, it's better to deal with a broker who charge less from you.

petays
Jun 16 2013 at 21:43
86 posts
Yep, for losing accounts every broker will offer best execution and service.
Wait until you get profitable and InstaForex will make your trading very difficult. Particularly closing big winning trades can take very long time.
You have to find a broker that makes its profits from your comissions and not from your losing trades.

Hope you have found your trading style and keep it consistent and profitable!

Being Bearish or Bullish Makes No Difference
Marian Hlinka (CalmXTrader)
Jun 17 2013 at 05:26
12 posts
Thank you for your comments, so do you recommend any broker?

Think Long Term !
Hans Bowles (hansbowles)
Jun 17 2013 at 12:17
55 posts
i like excelmarkets for having all of my capital there

Marian Hlinka (CalmXTrader)
Jun 17 2013 at 15:18
12 posts
BlackCode posted:
Well, first of all i don't think anyone will trade with InstaForex and will make any millions! They are Market Makers and they have the worst execution and spread in the market!

So you better use a good ECN broker with tight spreads, even if your targets are big, it's better to deal with a broker who charge less from you.


Instaforex states on their website that they are ECN broker

Think Long Term !
petays
Jun 17 2013 at 16:07
86 posts
CalmXTrader posted:
Instaforex states on their website that they are ECN broker


Market Makers can be ECN brokers as well.
That's why some ECN brokers have invented 'TRUE ECN' brand to distinguish from bucketshops!
This thread might be helpfull:
https://www.forexpeacearmy.com/forex-forum/beginners-bootcamp/12356-what-true-ecn.html

All ECN brokers offering 0.01 min lot size are routing and matching orders internally - not TRUE ECN.
Only orders larger or equal to 0.1 lot can be routed directly to TIER-1 liquidity providers (= TRUE ECN).
But if broker has internal matching they can decide on customer basis how they route his/hers orders for >= 0.1 lot sizes.
Loosing customers are of course matched internally and winning customers are (can be) routed to real TIER-1 liquidity providers.
Hence you got different execution depending are you loosing or winning customer!
(fixed a typo)

Being Bearish or Bullish Makes No Difference
Curran (sareen)
Jun 18 2013 at 06:26
63 posts
CalmXTrader posted:
Hello,

I have lost about 50% of my trading account due to lack of patience and emotions. About 2 months ago I have changed my approach to trading and my performance changed. My goal is to make 1 million no matter how many years it will take. I can see some of you laughing, that is ok :)

My strategy is ti wait paitently for high probability setups on 4 hour charts, open trade risking max 2% of my capital and aim for 2 to 1 Reward/Risk ratio.

I hope this community can support me and keep me on track when losing streaks come.

Here is my profile
https://www.myfxbook.com/members/CalmXTrader/from-50-loss-1-million/586635

Thank you



All the best buddy. You can do it.

When you lose, don't lose the Lesson
forexeasymoney
Jun 18 2013 at 08:07
7 posts
CalmXTrader posted:
Thank you for your comments, so do you recommend any broker?


it depends which country u live and how easy is to fund account

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