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How to trade with $ 300k on the forex market

jotekfinance
Aug 01 2014 at 09:46
138 zpráv(a,y)
Here's a question. Why would you not invest in something else that has a better potential gain AND a tax write off. For example, while doing this in my spare time, I am also a movie producer and director (actor too). We just made an entire film for $270,000 (in Eastern Europe, where its MUCH cheaper for pretty much everything) and those films make money. Not a hell of a lot, but most of them are are least 175% returns, depending on if you partner with the right company. Plus, the turnover is usually less than 8 months, and the entire thing can be a tax writeoff in a worst case scenario (which I haven't heard of happening in many years).
There are all sorts of opportunities like that out there. Using 300k on an EA doesn't strike me as the best use of your money.

Eightbitpwny
Aug 01 2014 at 11:32
8 zpráv(a,y)
1. I want to find a way to have an automated EA trade for me, meaning I monitor it several times a day to make sure everything is going fine but other than that I dont have to invest a lot of time into it.

2. I dont want to put the whole 300k (or most of it) onto one thing, be that EA, movie, building or any other kind of investment. I would use 3-5 different EAs and split up the money. This way if one thing goes south I lose a part of my investment, not all of it. Im sure that most of the movies you talk of are worth the investment, but what if I happen to invest in one that flops? my 300k are gone in one instance ;)

TheFX4You
Aug 01 2014 at 12:34
92 zpráv(a,y)
Eightbitpwny posted:
1. I want to find a way to have an automated EA trade for me, meaning I monitor it several times a day to make sure everything is going fine but other than that I dont have to invest a lot of time into it.

2. I dont want to put the whole 300k (or most of it) onto one thing, be that EA, movie, building or any other kind of investment. I would use 3-5 different EAs and split up the money. This way if one thing goes south I lose a part of my investment, not all of it. Im sure that most of the movies you talk of are worth the investment, but what if I happen to invest in one that flops? my 300k are gone in one instance ;)


I agree with you.
I am also not investing only into one thing.
For me it's trading for my self, managing PAMM, EA trading.. This is my life stile, and my full time day job.

Stable 20% per month without manual intervention...
Tony Stephens (tonysfx)
Aug 01 2014 at 15:03
9 zpráv(a,y)
If you look at my profile - I made 150% since Feb this year (6 months) starting with approx $25,000. 94% of my trades go to profit. Why would I do anything else?

soumadamou
Aug 02 2014 at 14:29
5 zpráv(a,y)
wow tony, you be a very talented traders, I personally never consider using the EA, because I prefer to keep that control. but I consider the fact that in the coming weeks.

jotekfinance
Aug 04 2014 at 06:43
138 zpráv(a,y)
Tony- using EA's? Or manually controlling everything?

Tony Stephens (tonysfx)
Aug 04 2014 at 08:15
9 zpráv(a,y)
I calculate the high and low of the next days trading and take positions accordingly. It is all done by excel spreadsheets and manual trades at present. It could be automated.

vontogr (togr)
Aug 05 2014 at 19:55
4862 zpráv(a,y)
Eightbitpwny posted:
Dear Traders

I have been looking into the forex market a bit using some demo accounts and reading a lot soaking up info. Now the next step is I am curious about your opinion:

My plan was to start investing some money in a trading account on the forx market, using only automated EA systems. It goes without saying for me, that before I invest real money I will test them thruougly over an extended period of time (several month).

Now since I have roughly 300k to invest I am not looking for strategies with crazy returns or fast money making promises. My goal would be to find an automated trading system, that beats my yearly performance I have since 5 years on the stock market (average of about 15% a year) without me having to do all the hard work.

How would you go about this idea? I mean keeping in mind that for my personal preference 15% of interest each year would already be amazing and probably a goal I would stick with.

Looking forward to your ideas
Thank you
Manuel

@Eightbitpwny
Hi Manuel,

for your case I would suggest to create portfolio of best performing strategies/signals and run them on the account with low lot sizes.
Thus you should be able to sustain high DD on 1 or more systems while still making moderate profit.

My point is that if you select different strategies/pairs then it is unlikely to see the DD spike at the same time while the profit counts together all the time.

BR

Tomas

Shabazali123
Aug 15 2014 at 16:58
8 zpráv(a,y)
Hi mate,
Use 1:1 leverage and just follow 2 central banks. you will make those returns easy over a year.

Mesbah (rahiths)
Aug 15 2014 at 18:45
98 zpráv(a,y)
tonysfx posted:
If you look at my profile - I made 150% since Feb this year (6 months) starting with approx $25,000. 94% of my trades go to profit. Why would I do anything else?



you are using martingale on eurjpy .good bless you

A trader can be an economist but an economist could never be a trader. They are too theoretical.
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