good luck guys. Time will tell. You know where I stand. IMO and from my experience, it's the investors that keep jumping from one thing to the next where the grass looks greener that never seem to have any long term growth on their accounts. You have to have a long term view. 30% DD is a long way from 16%. Right now we're still well within the risk that eur-forex has shown historically. I'm willing to bet my account with eur-forex will be more than double what it is today in 6 months. But now that you guys are leaving, take all of your negative energy with you to the next, and the next, and the next, and the next things you're disastisfied with :-)
Good luck too to those who remain, I really hope it does work out for you. I became uncomfortable with the way some trades were managed and the lack of transparency over fees or pip raking (FXCC was my broker Will) or whatever was going on, Eur Forex did also post last weekend to say they would do something about it. They did not.
For me fuchiuliu this was a test outside my normal way of trading and I found it just wasn't for me. For me as an online business owner and SEO consultant positivity is fundamental to success.
I do not think IMHO that I and some of the other guys on here were being negative, more a case of credit where credit is due and vice versa. Plus I feel there was a genuine case for concern in the way trading patterns and results changed so much. Blame it on the market if you like but the Euro-Dollar has been crazy for months and that did not stop Eur Forex apparently doing really well in those times, even the notoriously tricky July-August holiday periods.
For myself I'm not jumping on to the next thing just reverting back to my core trading while testing new strategy with the objective of learning and adding new profit streams going forward.
Current core trading has returned 210 pips December to date, yes, small lot sizes due to the nature of the trades being 'investor style' multi day with big or even no stops (not the trades small scared people make old chap) From trading this style it seems that Eur Forex have been trading stops that are more day trade sized but mixed with a large proportion of intra day profit targets which produce a large difference in the average win-loss size that then requires a very high % win rate (75%+ I'd estimate) to come out ahead and that was only achieved in one week since Nov 1st.
Good luck to you all, I genuinely hope Eur Forex pull it around but for me, lesson learned, managed is not for me, prefer to make my own.
Anyway, I won't rabbit on any more, it's Saturday and Nobel prize day here in Sweden. While I won't be there 😁 we are having our own Nobel party and there's a lot to prepare 😄
Macgyver, Nick, You guys make me laugh. If what you did is not 'running scared' like an amateur investor, then what is it? You both say you researched it going in and decided you would be willing to risk 30% DD. It hits 15% and you run off like scared puppies. Just like so many other countless investors, you cut and run at the bottom of a DD that is well within a traders parameters. Had you stayed even just one more day, you would have earned 6% back today like the rest of us. Now you're kicking yourselves for giving in to your fear. And, I hate to say this once again, if you are as successful as you claim running your own business, you wouldn't have been running scared with your whopping $1,000. You're trading with scared money you can't afford to lose. So, in actuality, you made the right decision to leave as you shouldn't even be investing at your financial level. :-) Come back and say what you like. Your actions speak louder than words. You aren't keen to the trading game yet boys. Leave your fear and greed behind. Like I said before, a day or a week or even a month..... does not constitute a trading year. No equity curve goes up in a straight line. To the rest of us and to Eur-Forex, have a great day. I believe this to be a very solid opportunity to make aggressive returns with risk that is well within the paramaters for those returns. Ciao!😄
Hi Guys, Some interesting debates and some not so interesting. Whilst we aware it is not our finest spell by any means, it is far from crisis point that some of you appear to perceive. Today we are -5.8% below equity high. Will we take it out soon, yes. It is entirely your decision to leave of course, we respect that. It is not for everyone. Please check back with us in a few months.
Ok, we've had just 2 months with dull results and 5 months with great results. It is really good returns. I am very pleased and impressed. I expect big returns next year, but is very happy with just 5-7% / month for me. Just think how much we can earn. I expect to double my account again and maybe even more in the new year. Wishing Eur-Forex a Happy New Year ...
Whatever happened to those 'smart guys' Nickwake, Macgyver, reinerh, Fxbird........LOL I hate to say I told you so, but hey 'I told you so' 😁 Experience is key in this market. You can't make emotional decisions because of fear and greed and bail on the spur of the moment. One month of trading does not make a year. Look at the whole picture going in, and know exactly what risk your willing to take and then stick with your decision to the end. They have no doubt moved on to something else they thought they would get rich quick from and will probably jump out at the first hint of any drawdown........ and eventually be out of the little money they did have. Anyway, hats off to Eur-Forex's trader for staying the course and trading through the rough patches just like it appears he always has based on the track record since June. Have a great weekend everyone :-)
fuchiuliu posted: Whatever happened to those 'smart guys' Nickwake, Macgyver, reinerh, Fxbird........LOL I hate to say I told you so, but hey 'I told you so' 😁 Experience is key in this market. You can't make emotional decisions because of fear and greed and bail on the spur of the moment. One month of trading does not make a year. Look at the whole picture going in, and know exactly what risk your willing to take and then stick with your decision to the end. They have no doubt moved on to something else they thought they would get rich quick from and will probably jump out at the first hint of any drawdown........ and eventually be out of the little money they did have. Anyway, hats off to Eur-Forex's trader for staying the course and trading through the rough patches just like it appears he always has based on the track record since June. Have a great weekend everyone :-)
Thanks. Yes, it is a difficult business to satisfy everyone. We can only trade the best we can, make the pips and let each individual decide whether it is for them or not.
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