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Hi all I am new to trading any advice would be helpful :0)

Bob LLewellyn (ForexAssistant)
Apr 25 2014 at 00:12
465 posts
Everyone,

I have had some good ideas in my life and have shared some of my success with everyone here, but I just had the biggest and most wonderful idea of my life. Please stop in to our new thread at
 
https://www.myfxbook.com/community/new-traders/traders-give-birth-new-idea/755228,1

I'm a little nervous.

Bob

PS, I am going to copy this invitation all over the other threads. If you happen to see a duplicate of this message, ignore it, you only have to go there once.

Bob

where research touches lives.
Femi Shitu (diamondfx)
May 07 2014 at 06:51
47 posts
Hello friends , I used to think like that also before until i tried a few expensive software then my eyes became open to the reality about forex trading and how its should be traded.

COMMON MISTAKES MOST TRADERS MAKE IS , 3: 1 RISK TO REWARD RATIO , IT SHOULD BE 1: 3 RISK TO REWARD RATIO

RISK MANAGEMENT IS PHYSIOLOGICAL, BUT YOU ARE SCARED OF TAKING LOSSES AND CUTTING YOUR PROFITS EARLY.

PROPER RISK MANAGEMENT HELP YOU TO EARN MORE IN THE LONG RUN,BECAUSE IF YOU RISK LESS ,YOU WILL EARN MORE IN THE LONG RUN.

FOLLOW THIS SIMPLE RULE

DIAMOND FX STRATEGY

EQUITY : 1,000 USD
RISK: 1% OF EQUITY (1,000) = 0.01 LOT
RISK MANAGEMENT: TP / SL
STRATEGY: LONG TERM
STICK TO THIS CURRENCY PAIR: EUR/USD , GBP/USD , EUR/JPY , GBP/JPY , GBP/CHF , AUD/USD

Price consist of at least 80% Technical and 20% of Fundamental . So analysis on Technical will right only if you are able to analyse properly.

Determine the long term trend then trade in the direction of the trend, stay on it till you get maximum pips. (e.g We make as much as 300 pips because we hold on to trend but that might take 1 month in some cases. )

Look at 4hrs, Daily , Weekly price chart for analysis then enter on the Small time frame 15mins, 30mins ,1 hr.

The most common mistake of all is our Emotion and inability to follow rules.

I hope my contribution will help some of you who think Forex trading is not profitable.

Feel free to write me here or talk on skype and check out our account for the year, Its traded on a Multi terminal so you can plug your account to ours for a fee .

Regards,

Femi Shitu.
Diamond FX Group.



Building a profitable portfolio for our clients worldwide.
psaTrading
May 07 2014 at 21:24
891 posts
Some good rules to profit from trading! 😄

csc2009
May 14 2014 at 12:36
834 posts
diamondfx posted:
Hello friends , I used to think like that also before until i tried a few expensive software then my eyes became open to the reality about forex trading and how its should be traded.

COMMON MISTAKES MOST TRADERS MAKE IS , 3: 1 RISK TO REWARD RATIO , IT SHOULD BE 1: 3 RISK TO REWARD RATIO

RISK MANAGEMENT IS PHYSIOLOGICAL, BUT YOU ARE SCARED OF TAKING LOSSES AND CUTTING YOUR PROFITS EARLY.

PROPER RISK MANAGEMENT HELP YOU TO EARN MORE IN THE LONG RUN,BECAUSE IF YOU RISK LESS ,YOU WILL EARN MORE IN THE LONG RUN.

FOLLOW THIS SIMPLE RULE

DIAMOND FX STRATEGY

EQUITY : 1,000 USD
RISK: 1% OF EQUITY (1,000) = 0.01 LOT
RISK MANAGEMENT: TP / SL
STRATEGY: LONG TERM
STICK TO THIS CURRENCY PAIR: EUR/USD , GBP/USD , EUR/JPY , GBP/JPY , GBP/CHF , AUD/USD

Price consist of at least 80% Technical and 20% of Fundamental . So analysis on Technical will right only if you are able to analyse properly.

Determine the long term trend then trade in the direction of the trend, stay on it till you get maximum pips. (e.g We make as much as 300 pips because we hold on to trend but that might take 1 month in some cases. )

Look at 4hrs, Daily , Weekly price chart for analysis then enter on the Small time frame 15mins, 30mins ,1 hr.

The most common mistake of all is our Emotion and inability to follow rules.

I hope my contribution will help some of you who think Forex trading is not profitable.

Feel free to write me here or talk on skype and check out our account for the year, Its traded on a Multi terminal so you can plug your account to ours for a fee .

Regards,

Femi Shitu.
Diamond FX Group.




These are some good points. Nice for sharing with everyone here.

Inus Forex (janusdupreez)
May 14 2014 at 13:34
8 posts
Adam85 posted:
I am new to trading and i would really like to base my trading around 'fundamentals' if anyone can help me out with learning how to read report and news correctly that would be awesome, Also am looking to make a few friends on the trading scene i can use to bounce ideas of and ask questions and so on
thanks 😄


Hi

This is something helpfull, getting a VPS which will enable you to access the full MT4 PC version on your smartphone.

Also assists with using EA's as the VPS is permanently on and connected to the internet.


The trend is your friend until the bend in the end.
Professor53
May 16 2014 at 01:41
795 posts
Start with a miniumum of $1,000 to begin in this forex market. Be satisfied making only 2 percent a month. ANy thing higher in rewards equals higher risk of loosing the account. I have some EAs that can make 12% a year and fairly safe trading, but wont make you rich.

P53

Click on my Name to see My Live Charts and Bio.
Bao (Baojie)
May 16 2014 at 14:10
4 posts
Do not be afraid of losses . There is always something to be learned from it . Accept your loss , understand it and improve .

Never stray off your chosen path
harymilloki
May 17 2014 at 20:24
4 posts
Take better technical analysis and is not there some reports.

Pozdrownie of Polish for all :)

harymilloki
May 17 2014 at 20:24
4 posts
My speaker is right. Losses will always be and you have to accept them. How bear sięstratę it must immediately forget about it.

tigpips
Jun 18 2014 at 08:24
186 posts
If you got a loss, take it and move on from there, don't linger in that zone for too long.

But I believe that you will be successful :).

http://www.freeforexrebates .info
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