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Posts by ForexViking69

How do YOU trade the NFP? In General Feb 10 2020 at 05:41
Just curious to people’s strategies when trading the NFP. How do you go about it? :)
Beginners Targets 2020. In New Traders Jan 07 2020 at 12:03
I'm just upping capital. Got 3-5% a month going into compounding. EURUSD has been a blessing to trade long term and just trading this big reversal of a downtrend that happened in 2018. For newbies I would say just keep trying to be consistently profitable :)
ECN or STP ? In General Jan 02 2020 at 11:47
I always go ECN, less likely for brokers to mess with trades.
Newbie ans strategy In New Traders Dec 08 2019 at 13:37
Just gotta stick to a set strategy and tweak it gently. Time and patience whilst not going overboard.
Challenges of moving from first consistency to serious profits In Experienced Traders Nov 16 2019 at 17:58
Consistency is always key, then try to think about compounding and how much you’ll be amassing from that. Getting a good amount of capital is also important, trying to make 100,000 from 1000 is hard and risky but making 1000 from 100,000 is inevitable. I know it’s quite simplistic what I’m saying but if you can become consistent with profitable trading there are many ways to fund it and get more capital.
The future of Crypto In General Nov 16 2019 at 17:43
I was lucky enough to jump out just before the bubble burst in 2017, was a good Christmas :) thought we were doing the same this year but it’s seemed to have died down. If the halving pushes it and the hype starts again I could see it doing the same. This all kicked off again when we saw someone buy like 100milion dollars worth of bitcoin, Mad to see such volatility. In short I can see it moving to 20k next year but eyeing the drop this time :)
TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE? In New Traders Nov 16 2019 at 17:27
I’d say it’s high risk. I tend to make 2% on normal account and 4-5% on my riskier account. It is achievable to hit 5_10% but see it as unlikely to be consistent, city traders can hit mad numbers but they have capital, rumour mill, influence, etc...
which target ? In New Traders Nov 16 2019 at 17:17
I’m probably averaging around 2% a month which doesn’t seem like much but with compounding and the amount of capital I managed to start with. I also have a riskier account that i’m hitting around 4-5% but with much less capital. Mostly use the high risk to hone my skills. I’m not even doing the overall % math with both accounts but more than a mutual fund return :)
Does anyone want to be a broker? In New Traders Nov 16 2019 at 17:09
Lots of work and need a liquidity provider to get you started, then regulation, dealing with customers, etc.. seems like a lot of hassle. Though having said that it’s always possible as anything is :)
How to recognize a Forex Scammer ? In General Nov 16 2019 at 17:04
I never trust anyone but myself to trade and would never give money to anybody. These are great examples of dubious trading accounts, very informative and good to see traders with a solid head on them.
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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.