Edit Your Comment
Seem's no one can make Fx work long term...

forex_trader_28881
Membre depuis Feb 07, 2011
posts 691
Dec 13, 2013 at 06:54
Membre depuis Feb 07, 2011
posts 691
http://ai-cio.com/channels/story.aspx?id=2147486791
Bit of a reality check for the fx entrepreneur, no...?!
Bit of a reality check for the fx entrepreneur, no...?!
Membre depuis Dec 15, 2010
posts 784
Dec 18, 2013 at 19:04
Membre depuis Dec 15, 2010
posts 784
After 8 years of FOREX EAs and hand trading, I have learned that the best method is slow and steady. Im using my own EA that trades multiple pairs ( 10 or more ) on a large account. Goal is 2 to 3 percent growth a month with small risk and low DD. Its the only safe way to trade it seems.
Click on my Name to see My Live Charts and Bio.

forex_trader_29148
Membre depuis Feb 11, 2011
posts 1768
Dec 20, 2013 at 04:44
Membre depuis Jan 02, 2012
posts 19
@Professor53
Couldn't agree with you more Professor.
It took me 3 years of trading to come to that conclusion as well.
That's why my system goals are only 2% per week gain, which is a reasonable and achievable amount :)
Couldn't agree with you more Professor.
It took me 3 years of trading to come to that conclusion as well.
That's why my system goals are only 2% per week gain, which is a reasonable and achievable amount :)
Patience, above all else.
Dec 20, 2013 at 04:49
Membre depuis Jan 02, 2012
posts 19
@c3po
Agreed, but I think there size, as well as their size and management style had a big impact as well.
When finance companies like FX Concepts and Investment Banks such as Bear Stearns are created and ruled by larger than life Executives, things eventually go to hell when they refuse to change and adapt.
That's why companies such as JP Morgan and Bridgewater succeed, they allow room for new talent and understand the importance of 24/7 compliance. :)
Happy trading guys
Agreed, but I think there size, as well as their size and management style had a big impact as well.
When finance companies like FX Concepts and Investment Banks such as Bear Stearns are created and ruled by larger than life Executives, things eventually go to hell when they refuse to change and adapt.
That's why companies such as JP Morgan and Bridgewater succeed, they allow room for new talent and understand the importance of 24/7 compliance. :)
Happy trading guys
Patience, above all else.
Membre depuis Feb 22, 2011
posts 4573
Dec 20, 2013 at 15:11
Membre depuis Feb 22, 2011
posts 4573
Professor53 posted:
After 8 years of FOREX EAs and hand trading, I have learned that the best method is slow and steady. Im using my own EA that trades multiple pairs ( 10 or more ) on a large account. Goal is 2 to 3 percent growth a month with small risk and low DD. Its the only safe way to trade it seems.
let's say 7% month and agree:)
Membre depuis Dec 15, 2010
posts 784
Dec 20, 2013 at 16:48
Membre depuis Dec 15, 2010
posts 784
If you can build a EA that has 6% a month growth and less than 20% DD, then you have built a better mouse trap and the world will come knocking at your door! This is a steady and safe long term real money account!
Click on my Name to see My Live Charts and Bio.
Membre depuis Dec 15, 2010
posts 784
Dec 20, 2013 at 18:50
Membre depuis Dec 15, 2010
posts 784
I can do 2% monthly .... but above that is big risk. See my charts.. Last chart is a large demo account trading multiple pairs (10). Its goal is 2 to 3 % a month. Its a new setup on my own home built EA. Lots of Micro trades per day. Averages 200 to 350 a day trading 0.01 lots. TP is 9. Grid plus martingale on a very small micro set file.
Click on my Name to see My Live Charts and Bio.
Membre depuis Feb 22, 2011
posts 4573
Dec 21, 2013 at 13:10
Membre depuis Feb 22, 2011
posts 4573
pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
I can do that
Dec 21, 2013 at 17:02
Membre depuis Mar 23, 2011
posts 5
Dec 22, 2013 at 10:17
Membre depuis Mar 29, 2012
posts 191
menghua84 posted:
https://www.myfxbook.com/members/menghua84/icm/779425
togr posted:pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
I can do that
The issue there is that you are missing two variables: (1) few people on myfxbook have an account with least two years of track record (anyone in the professional world of investment would request at least 3 to 5 years of track record to prove your worth, even though I must admit that FOREX is much different and you could sell yourself with a 1 year track record, again few have that), (2) being able to trade the same way with a 1K€ account as in an account that would be 25 or 30k€...trust me, it is extremely difficult psychologically and just with this new variable, a lot of trader fail/loss profitability.
A solution for the (2) would be to open multiple accounts reducing the broker risk AND this high balance/trade size fear.
A smooth sea never made a skillful sailor.
Membre depuis Feb 22, 2011
posts 4573
Dec 22, 2013 at 14:06
Membre depuis Feb 22, 2011
posts 4573
Thalantas posted:menghua84 posted:
https://www.myfxbook.com/members/menghua84/icm/779425togr posted:pip2cash posted:
6% consistently monthly return is not easy to accomplish for long term.
Regards,
SIM
I can do that
The issue there is that you are missing two variables: (1) few people on myfxbook have an account with least two years of track record (anyone in the professional world of investment would request at least 3 to 5 years of track record to prove your worth, even though I must admit that FOREX is much different and you could sell yourself with a 1 year track record, again few have that), (2) being able to trade the same way with a 1K€ account as in an account that would be 25 or 30k€...trust me, it is extremely difficult psychologically and just with this new variable, a lot of trader fail/loss profitability.
A solution for the (2) would be to open multiple accounts reducing the broker risk AND this high balance/trade size fear.
I will have 1 year in JAN 2014 :)
I am not trying to sell anything
But anyway to sell yourself as signal provider you just need couple of months on zulutrade or etoro
Trading $1000 with 0.01 lot is the same as trading $10,000 and 0.1 lot.
As I use robot to trade there are no emotional influences:)

forex_trader_136673
Membre depuis Jun 28, 2013
posts 842
Dec 22, 2013 at 18:05
Membre depuis Jun 28, 2013
posts 842
@togr
Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.
P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS

Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.
P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS

Membre depuis Feb 22, 2011
posts 4573
Dec 23, 2013 at 07:02
Membre depuis Feb 22, 2011
posts 4573
ahuruglica posted:
@togr
Sorry pal. Judging from your live accounts your claim making 6% monthly doesn't stand. You are even on net loss 11% on total. What @Thalantas is saying is true, it is certainly hard to make 6% monthly and you are far, far, far away.
P.S. Calculations are made without using custom start date. It makes some accounts look like they are on green territory. CHEERS
It is hard to orient in my accounts, you are counting together different currencies and even dollar and cent accounts:)
I have cent losses and dollar profits if it does make sense:)
but I am not here to defend myself:)
Happy Xmas pals

*Lutilisation commerciale et le spam ne seront pas tolérés et peuvent entraîner la fermeture du compte.
Conseil : Poster une image/une url YouTube sera automatiquement intégrée dans votre message!
Conseil : Tapez le signe @ pour compléter automatiquement un nom dutilisateur participant à cette discussion.