Lordgert

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Cashback

Joined Jan 22, 2013

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Experience 1-3 years

Location Hong Kong

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Recent Posts

5% average monthly profit for at least 2 years (with less than 25% max. DD)

Two possible conclusions from this thread:1. There are no profitable traders on myFxbook. Or at least not ones who bother with forums.2. Profitable trading does not follow the rules set out by this thread i.e. at least 5% profit monthly - it may involve lots of small losses and occasional big win...

30999

Dec 17, 2015 at 07:37

Any good reads?

The Hour between Dog and Wolf - written by a trader turned neuroscientist analyses the physiological and, consequently, mental effects of trading.Trading in a Nutshell is a nice book that helps to keep it simple when you try to get overcomplicated.Personally I think if someone is charging for your &...

3652

Sep 07, 2015 at 06:08

Leverage

The whole point of trading in Forex is to take advantage of the leverage offered - why would you not? As long as your potential losses on any one trade are what you can handle - many people suggest 1 or 2% but I think 5% is reasonable as your trading account should not contain all the money you hav...

1122

Mar 17, 2015 at 08:41

Do you place your money in one broker or divide it?

I have three different broker accounts - brokers do go broke, even reputable ones and it seems best to spread your capital around. In the same way you wouldn't keep all your capital in your trading account, only the 20% or so that you would trade with on a monthly basis.

898

Mar 14, 2015 at 14:11

Some help would be appreciated

I think you also need to seriously look at your risk management - to lose 30% of your equity in a few days is very hard to come back from - trust me, I've done it myself.You are trading lot sizes that I would only consider on a 2-3000$ account.Reduce your leverage and drop your lot sizes so that...

2477

Mar 05, 2015 at 07:45

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.03625	GBPUSD	1.22537	AUDUSD	0.62363
USDJPY	155.698	USDCAD	1.44346	USDCHF	0.90879