Im confused with number 4... can someone clarify this first strategy offered by hampster?
1. Divide your available capital in 4 parts and invest in this signal the 1/4 of it (signal funds). 2. Keep your 3/4 back up funds in a different account. 3. Withdraw your profits every Friday afternoon. 4. After each withdrawal divide all your available capital (back up funds + signal funds + withdrawn funds) in 4 parts and start fresh with the 1/4. 5. When a margin stop out* occurs (and will occur at some point) don't panic, divide all your remaining capital (back up funds + signal funds) in 4 parts and start again with the 1/4. 6. Repeat this process and you will be in profit.
I only use the candlestick indicator from yesterday's price. so I will open a position at 00.00 server time.5 pips every pair. I open only 5 pairs of high votality currencies. that's all.....happy trading
Rixxx posted: And that works? Do you have a statistic?
Don't worry or even care about how many pips you can get every day.
The market will determine how many will be available to you.
Some days you might be able to only take 2 pips from the markets, some days you will lose pips, some days you will do nothing, and then other days the market may present an opportunity for a few hundred pips.
What you should be focusing on, is learning proper money management, proper fundamental analysis, and proper technical analysis. All of those things are vital to successful trading.
All you need to do is wait for the proper setup, which depending on your strategy, may happen multiple times in a day, or sometimes it wont show up for weeks at a time.
In addition to those items I mentions, you will need to develop discipline and control of your emotions.
If you can do those things, then you can be a successful trader.
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.