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pipjunky
Hello House, Plz I Need Advice In This Broker
em
Geral
Jun 11, 2010 at 04:16
ACM is excellent. They had some negative news a couple of years back. We visited their offices, spoke to everyone we could about it and the trouble was totally unfounded by some guy who was scamming his clients. We were doing an overhaul of our business structure and were worried about the U.S. broker at the time (was during the meltdown and REFCO was still fresh in our minds) so we were very thorough before moving any money to anyone.If you're worried about your money disappearing Dukas (at least a few years ago) offered a Bank Guarantee option. Basically you would only put 15% cash in th...
Use of martingale strategy
em
Negociantes Experientes
Jun 11, 2010 at 03:48
I personally have used a form of martingale strategy for years on my intraday trading. However it is not a doubling-up strategy. If I lose on Trade 1, I base my next trade lots on stop and price proj/limit.IE: If loss trade was, say 10 pips for $100, and I expect to profit 50 pips on next trade, I need to increase my lots to make up the $100 loss. Roughly $2/pip. So my next trade would be 1.2 lots for a total profit of $600 and net profit of $500 on the day. This way I do not give up ground and the risk is still not as great as a double-up strategy. A few more steps to it but hope it makes sen...
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