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chesterjohn
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chesterjohn
Opinions on ESMA & Financial Markets
masuk
Umum
Jul 08, 2018 at 05:58
0.5 lots on a £100 account? I can't work out if that's a clever way of setting a trade or not... It goes in the right way and you make a large percentage quickly. It goes in the wrong way and you get a margin call almost immediately. Not much room for volatility though!
Hi, Can someone give me a tips, new trader here, starting on demo account
masuk
Trader Baru
Jul 06, 2018 at 10:02
I doubt you can trade that way on a real account and be profitable. Trading 50 lots on a real account could blow it all in seconds. Not only that, but you won't get the price shown on the charts, because the trade size is huge and will end up going through with a ton of slippage. Demo accounts don't show you this, so it all looks rosey until you get into a trade and start off at a huge deficit that wasn't there on the demo account.
The wind is changing
masuk
Umum
May 13, 2018 at 07:39
Not to doubt your mystic powers, but when you posted that, it was at 1.195+. So it hasn't actually gone anywhere yet. Analysts seem to suggest it will go up though, so you will probably be right :)
Show your profitable account here.
masuk
Umum
Apr 27, 2018 at 07:49
Thanks, that's what I understood. So 30% dd seems scary and not normal
Show your profitable account here.
masuk
Umum
Apr 26, 2018 at 07:02
Can somebody just clarify something for me, please? Are drawdowns the amount of equity you currently have invested, or the amount you would lose if you closed your trades right now?I thought it was the latter, in which case 30% dd means you are 30% in a hole. Seems a large pecentage of your account to be at risk at any one point in time. Either lots of trades that have gone the wrong way, or one trade that you're hoping will change direction but haven't limited the risk to be small. Either way seems bad to me.If you take a trade and it goes down a lot, surely it's better to cut you...
100% profitable trades, just do it))
masuk
Trader Berpengalaman
Apr 25, 2018 at 19:21
My opinion is that unless you've come back in time from the future and already know what will happen, then you cannot place a trade and have 100% certainty that you will win.
IC Markets
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Umum
Apr 25, 2018 at 19:21
It's a turn of phrase over here, maybe not used where you are. They seem to have generally good reviews, it's just alarm bells go off when they start asking for my money but I haven't done the thing they're telling me I have to be able to do that...
IC Markets
masuk
Umum
Apr 25, 2018 at 07:07
Are these people 100% kosher? I'm a bit concerned about them. I opened an account because they offered low spreads and seemed to have decent reviews. I've been trading a demo account for a while.A couple of weeks ago, I opened a live account for the future, but didn't do anything with it. It asked me for ID documents as they all do. Then last week I got an email saying my ID documents have been approved and that my account is now live to trade, however I didn't upload anything at all. Seems a bit fishy to me
100% profitable trades, just do it))
masuk
Trader Berpengalaman
Apr 24, 2018 at 06:12
So you have a 65% track record. I'm not saying that what you're doing isn't good, but it's not anywhere near 100%, which was what the OP asked.
How long on a demo account
masuk
Trader Baru
Apr 24, 2018 at 06:11
I understand what you're saying. Although I'm hoping to avoid that situation because once I start the account, I am going to try and behave like that money is gone and react as if I am with a demo account. We will see how that works, but I think I have the right personality to do that. I think a cents account wouldn't really work for me, because the losses and gains would be too small vs what I earn in my real career to actually have an emotional response to it.
Pipster
masuk
Sistem Trading
Apr 22, 2018 at 10:06
You have 3 winning trades over 100 pips but 16 losing trades over 100 pips. The risk/reward seems out of balance. Obviously you're doing a good job of picking winning trades overall, but with those big drawdowns and losses, it could well be down to luck rather than spotting a solid entry point.I look forward to reading the rest of your thread and seeing how you progress. This looks like the kind of high adrenaline trading that is appealing for the thrill, but not for me.
100% profitable trades, just do it))
masuk
Trader Berpengalaman
Apr 22, 2018 at 10:05
So you never, ever make a loss? I don't believe it. Can you show your results to demonstrate this?Not saying you don't have a fantastic record, but 100%? I don't believe anybody that says this unless they can back it up with evidence
How long on a demo account
masuk
Trader Baru
Apr 22, 2018 at 06:47
A year? Wow, that's a lot longer than I thought. I know I need longer to refine things and stop the stupid losses I keep making. I was thinking more like 3 months of continual profit combined with an improved win/loss ratio and I'd take the plunge.
Show your profitable account here.
masuk
Umum
Apr 21, 2018 at 12:17
Interesting strategy. I notice you have lots of open trades of the same currency in the same direction eg GBPXXX all to sell. Is that a good strategy? I've found that if I have lots of trades in the same currency open and I get it wrong, that it goes wrong on all of them and loses much more money. I now try to limit only one open trade per currency type unless there's a strong trend.I'd also suggest that long term, GBP will go up rather than down as brexit uncertainty is resolved. You're already down quite a lot on some of those trades.
How long on a demo account
masuk
Trader Baru
Apr 21, 2018 at 12:17
How long did you spend on a demo account before going into real trading?I've been trading 3 weeks on demo accounts. It's 2 different accounts because I started a new one to replicate exactly what my real account will be, the other is now a mess about account to play with.I've got 3 consecutive profitable weeks totalling about 16% with 6% dd. I'm keen to get started, but still making to odd silly mistake. How does my record sound to people who are experienced?
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