
May 11 2012 at 13:37
Hello mFXbers.
I am in the process of playing with manual trading. I am tired of using EAs, they so far haven't lost me money, but at the same time haven't made any so I have decided to ditch them.
I have been trading manually on a demo account (as always, it's best to practice before I do it for real) and so far it's been good. I have been watching quite a few signals and suggestions from sites like etoro and zulutrade to trade through out the day. What I have been doing is as follows:
I see that there's a down or upward trend, now normally they fluctuate up and down as they are progressing so effectively I sit, watch and wait for a 'spike up or down' and then make my move, either buy or sell on the basis that 9 times out of 10 they return near or most times bang on the same point before they shoot up or down. Bagging myself a smooth 50 points or so a time.
The account has only got £2k in it. and in three days I've grown that to £2.5k. Will this last? Is it a risky way to go? I guess because I watch the news and prempt the market direction is a major benefit. But I just wanted to see what others think?
Closed P/L: 434.77
Won: Short Positions (won %): 25 (72.00%) Long Positions (won %): 5 (80.00%)
Loss: Profit Trades (% of total): 22 (73.33%) Loss trades (% of total): 8 (26.67%)
I am in the process of playing with manual trading. I am tired of using EAs, they so far haven't lost me money, but at the same time haven't made any so I have decided to ditch them.
I have been trading manually on a demo account (as always, it's best to practice before I do it for real) and so far it's been good. I have been watching quite a few signals and suggestions from sites like etoro and zulutrade to trade through out the day. What I have been doing is as follows:
I see that there's a down or upward trend, now normally they fluctuate up and down as they are progressing so effectively I sit, watch and wait for a 'spike up or down' and then make my move, either buy or sell on the basis that 9 times out of 10 they return near or most times bang on the same point before they shoot up or down. Bagging myself a smooth 50 points or so a time.
The account has only got £2k in it. and in three days I've grown that to £2.5k. Will this last? Is it a risky way to go? I guess because I watch the news and prempt the market direction is a major benefit. But I just wanted to see what others think?
Closed P/L: 434.77
Won: Short Positions (won %): 25 (72.00%) Long Positions (won %): 5 (80.00%)
Loss: Profit Trades (% of total): 22 (73.33%) Loss trades (% of total): 8 (26.67%)
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