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90% are loser ..why ?
in
Jauni treideri
May 26, 2019 at 06:42
The biggest problem currently is that the big banks own Interbank and Interbank move the currencies. Basically they fleece the unwary. As I said above I don't know what the answers is yet. Though working on finding a way to have fewer losing trades. If I can cut that by 3 in every twenty trades then that is more profit. OK so it may mean not taking trades under certain circumstances. Better that than take the trades and lose. Then of course add in more winning trades. Currently working on reducing the number of trades that are going to be the losers I normally take. Lets say I take 20 trad...
Are there secret forex strategies in the forex market?
in
Galvenais
May 26, 2019 at 06:39
I believe there is an answer and a way to trade FX without losing your shirt. However, this is a journey that I'm currently on finding the way to do it 😄
1:200 leverage
in
Jauni treideri
May 24, 2019 at 07:05
Your leverage counts for a lot. At 20:1 in terms of Risk at 2% of the current funds in your account it will take 11 loses to drop 20% of your account. This is assuming that you have set your stop loss at an appropriate level equalling 2% of your account should the trade go against you. How long will it take you to regain that 20% before you can start to grow your account again?Increase that to 3% risk and it will only take 7 losses to lose that 20%. Ergo the higher your leverage the faster you can lose your account.Use 200:1 and you can easily lose your account in a single trade. Take an excep...
Are there secret forex strategies in the forex market?
in
Galvenais
May 23, 2019 at 13:44
Just written about this on New Traders thread page 16 if you want to take a look.https://www.myfxbook.com/community/new-traders/90-loser-why/1524343,16
90% are loser ..why ?
in
Jauni treideri
May 23, 2019 at 13:43
OK a few facts here and sorry if this seems like I am pouring cold water over your dreams.Yes the quality of knowledge on the internet about FX trading is pretty poor overall. Looking at the knowledge available the majority show tools at points where they work on the charts. This is called hindsight. You need something that will give you a better than 60% and in reality better than 70% chance of winning looking forwards into the unknown. With their demonstrations they are normally only showing the use of perhaps the most common 12 or so tools available. This is a very small subset of all the ...
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