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blakeolson9
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blakeolson9
High Leverage
in
Galvenais
Jul 12, 2019 at 18:36
False. 1:100 is rarely the exact best leverage. If you’re referring to the maximum set amount of leverage experienced traders can benefit from using more max leverage with each UNRELATED pair using appropriate leverage on account while for an inexperienced trader 1:100 leverage is probably too much and they’ll most likely blow their account shortly. If you’re referring to per-trade it’s also false since your leverage amount should be based upon SL distance and other factors that very between trades. 1:100 leverage per trade for every trade would be completely ridiculous...
Forex is profitable ?
in
Galvenais
Jul 05, 2019 at 00:12
This is not always the case, I have students that have learned incredibly fast. With proper guidance some have been good enough to impress private investors for 100k+ aum in less than a year and have personal results that most people think is not possible. For people that never got proper guidance I completely agree, it's nearly impossible to be consistently profitable in your first two years.
Forex is profitable ?
in
Galvenais
Jul 04, 2019 at 00:25
Glad you have this mentality! Much better than most traders out there!
Show your profitable account here.
in
Galvenais
Jul 04, 2019 at 00:24
Must've been scary with that 47.80% DD I'd assume. Glad it seems to of worked out in the long run for you!
Forex is profitable ?
in
Galvenais
Jul 04, 2019 at 00:21
I've been trading for a few years and ended up adopting what was, in my opinion the most successful parts of other fantastic traders strategies and combining the parts that can easily work together to make my own strategy, one strategy for example that is a part of my own comes from my trip last summer to London where I met someone with a darkpool account and he told me his main go-to strategy, which I altered slightly to work better with the rest of the parts of my own strategy "Massive Confluence".
Show your profitable account here.
in
Galvenais
Jul 02, 2019 at 17:56
Rather High DD, nice job on total return though, hope it wasn't luck based of over leveraging!
High Leverage
in
Galvenais
Jul 02, 2019 at 07:18
Start with small leverage and only increase leverage with experience if your consistent and your strategy can handle it. look at my profile for a good example.
Successful trading
in
Jauni treideri
Jul 02, 2019 at 07:00
Risk management is important. However, I feel like most people on this thread are giving it way too much credit. I have attached an image of how much percentage gain it would take to recoup losses at different percentages and we can all see that as it gets to be a higher percentage loss the amount needed to come back increases at an increasing rate. That being said, the knowledge of how to make good proper trades is equally if not more important in my opinion than exact proper risk management, some people do 2%, some people do 1% some do less than that, it doesn't really matter as long as ...
What ways do you calculate your Stop Loss & Take Profit?
in
Jauni treideri
Jul 02, 2019 at 06:58
The best way in my experience to use SL levels is to put them where you'd no longer like to be in the trade, I don't base it on percentages as this is silly and will lead to putting your SL at an arbitrary value. I use percentage risk for my lot size AFTER I determine where I'd like my SL to be.
What ways do you calculate your Stop Loss & Take Profit?
in
Jauni treideri
Jul 02, 2019 at 06:57
Very dangerous! Hope it works well for you!
Forex is profitable ?
in
Galvenais
Jul 02, 2019 at 06:57
Forex is 100% profitable, especially with proper risk management and a killer strategy, look at my profile for an example.
Show your profitable account here.
in
Galvenais
Jul 02, 2019 at 06:56
Hello, I've been trading for a while now, made this account not too long ago, however it only has 2.89 DD and profit of 92.2% thus far. This it will be nice to see how long I can keep this up! https://www.myfxbook.com/members/blakeolson9/blake39s-system/3385821
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