Continue to Myfxbook.com
Sign In Sign Up
To use chat, please login.
Back to contacts

Posts by Craden20

Challenge: 100% gain in 3 months with no loss trades In General Dec 14 2015 at 07:36
Making such profit for such long period of time like 3 months is not something so impossible to me. I made similar feat at a time when I made use of the moving averages and SAR strategy. What I just do is set the exponential type with say a period of 10. In like manner, I will now add two more averages with like the periods 20 and 30. This will now give me an idea of says when to buy and sell. I could see signal for sale happen when the average with the smallest period crosses the second average from top to down, what I am saying is the signal to purchase occurs at the moment when the average...
How much does the average FX trader risk per trade in %? In General Dec 14 2015 at 07:36
Managing risk in the forex is a very important feature of a successful trader. Risk management is almost as important as technical analysis, when I employ the best of strategies and I can't manage my positions wisely as regards my margin, I might not reap the pips deserving of my technical analysis and still possibly get a margin call. What I do in my trade is risk 2% of my margin in every trade with preference to the EURUSD. Maybe before I open a position, I kind of study my charts and possibly make use of my moving averages to search for support and resistance levels. Those point of res...
How to reconize important news In General Dec 13 2015 at 08:45
News really play a great role in deciding the outcome of your trades, this is why you can never forsake your fundamental analysis. I remember when I started trading and was using a simple moving average to watch out for trend reversals to mark my entry and exit points as well as locating my support and resistance levels in a GBPUSD H1 chart and a major news like the non farm payroll comes up and if for example of the trend has been a downtrend before the news and as the news hit the market, the moving average moves up, I will mistaken to think that this is the beginning of a new trend and I ru...
September Fed Interest Rate Decision In General Sep 06 2015 at 06:26
For some time now, the possible interest rate hike this September has been on the mind of USD traders in the forex. Janet Yellen chair of the Federal Reserve has made attempts to ease the tension and concerns over higher interest rates in the market by revealing that any possible rate hike will not be too fast and well dependent on the American Economy. For really a long time interest rates were zero but this will be different from past rate hikes as it could be an on/off approach. So I think that the outcome of the non farm payroll report (NFP) which were published on Friday on September 4 wi...
Renko charts In General Sep 06 2015 at 06:22
Renko candlesticks kind of resemble small boxes or bricks. Renko charts have no lower or upper shadows. When using the Renko charts, you could alter the box size. A new box would pop up on the chart, this would only happens when some rare level of price change happens. On a Renko chart it is important to see the price changes as vital but volume and time don't mean much on a Renko chart. The forex trader can use Renko charts to confirm his trade setups. After a while, you can say the Renko is a better tool for you if it helped you take stronger positions even making less mistakes. As a sw...
Learning Forex Trading In New Traders Sep 05 2015 at 07:32
[quote]AliKhan1 posted: 1:100 would be okayy aswell ... People go crazy with 1:400++[/quote] The truth is that extreme leverages are not the best for the new trader. Leveraged trading might seem attractive as it could be amazing controlling $40000 with just $100 when you use a leverage ratio of 1:400. But with what I have seen in the forex practically, leverages might seem lucrative with the possible profit you could make from a leveraged account but the true reality is that it requires good experience to properly operate a highly leveraged account and eventually not get a margin call. Especia...
What is Take Profit In New Traders Sep 02 2015 at 08:52
The take profit is an order used by currency traders to specifically indicate the precise rate or amount of pips from the market price point where to the trader would love to close out their current position so as to get a profit. so that most appropriate rate which is seen to be the level where the trader is willing to take a profit could at times be referred to as the "take-profit point". Let us break the Take-Profit further. Just the name basis all tells you; the take-profit orders can be used to lock in profits in a situation where the rate goes in a direction that favours you. N...
How to trade with the Multi Account Manager In New Traders Sep 02 2015 at 08:47
For long many traders have been asking me about the Multi Account Manager.Multi Account Manager (MAM) is designed for use in the forex as money managers. Practically speaking the Multi Account Manager (MAM) is a very big and important integrated software tool used to execute block orders with just a click under a master account arrangement and then with ease automate trade allocations straight to customer accounts. MAM could be mistaken for the MetaQuotes Multi-terminal product. On the other hand, PAMM accounts allocate trades on the basis of percentage of total equity, MAM accounts give mone...
At what position size would orders begin to have market impact? In Experienced Traders Aug 31 2015 at 07:36
Yes a trade of the size of 50 lots could possibly have market impact; but in practical forex trading,this is not too good. A position size of 50 lots is almost too high for proper risk management. Now let us take for instance that I have a balance of $5,000 and I am taking 2.5 lots which is 250,000 on the EURUSD with a pip per cost of $25 per pips. If I happen to suffer a loss of 100 pips.This would turn out to be as a total loss of $2,500 ($25 x 100 pips). In this instance I used, the loss potential is $2,500 accounting for 50% of my total account balance. Now don't you think it is rath...
My Experience so far with Forex and EAs In Experienced Traders Aug 30 2015 at 14:26
EAs are are of good use to the forex trader. A lot of these EAs are developed with parameters which the user could backtest and and then optimize on quantifiable data.Now that we have the built-in backtesting and optimization engines in place, EAs carry out these vital tasks ( which in the past traders found difficult) in minutes. To help with the role of back testing, good credits go to the metatrader as servers keep a big size of downloadable as well as free historical data. What I like more even is that EAs are free of emotional trading, an EA is not going to be greedy or even afraid just...
Tools
Economic Calendar
Forex Market
Forex Volatility
Forex Correlation
Streaming Forex News
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Outlook Indicator
Reviews
Brokers
Expert Advisors
Signal Providers
VPS Services
EA Programming
PAMM Brokers
Rebate Programs
Trading Platforms
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions
Platform
Widgets
Features
API
RSS
Support
FAQ
Help
Contact Us
Report A Bug!
About
Blog
Terms  |  Privacy  |  Site Map
transparent English
©2021 Myfxbook Ltd. All Rights Reserved.
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.