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Last few months blow up most Forex accounts
på
Erfaren Traders
Sep 07, 2014 at 06:42
Hi Kricka (RMM Robot)I was told my risk and MM were conservative! I agree that having equity and balance close together is the way to go...Please can you share the traders you follow and what settings you are using? I would be very grateful - you obviously know what you are doing - sure it's a demo but that is very good even for a demo.Thanks.
Last few months blow up most Forex accounts
på
Erfaren Traders
Sep 03, 2014 at 12:13
Hi Forex21/Alex,I agree with what you just said and also am disappointed that the myfxbook traders often have done very badly in last 2 months...I was told that the markets recently had changed from ranging to trending - looking at eur-usd and a few others over the last few months this is not true...many as you say have been trending.I see JP has just posted and I will read it again in detail all I can say right now is to comment on JP's last line in his post:"One thing for sure, we won't stop, we will keep trading. This is how we make a living and this is what we are good at, bec...
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 30, 2014 at 11:44
@VN:Concerning your comment:"Yes .That is what I am talking about .I understand Forex is zero sum game .But my side I am talking about is not zero sum game .I am talking about those professional traders I know with track record for more than 1 year and they trade for living .Most of them lost in last 2 months ."This is exactly what i am trying to understand...do you really think the strong usd is/was the only reason these good traders lost in last 2 months??Also why has usd become strong recently?
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 30, 2014 at 10:59
@ZOOM - you said:"The biggest reason why some have been wiped out I will put it out to the central bank expectations which are dictating the markets across asset classes, not only FX. That's by far the most important thing going over this summer - the getting out of the massive printing room."This is interesting - if you have time to explain your theory further i would be interested to read - thanks.
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 30, 2014 at 10:59
@ SQForex (aka tmk471) I just looked at your SQ1 equity curve...it seems you have made 25.94% since the start of this year - this ofc is very good - well done...Please can you tell me - are you placing your own trades as it seems? My guess is you are not copy trading?I am copy trading some of the top ranked traders and in last 6 weeks they have done very badly.I've only been with myfxbook since start of june - all of june until july 23rd went v well but from july 23 until today it is down a lot - sniff.Do you have any advice for me please?
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 29, 2014 at 11:28
Just to add to my last post I still do not understand why so many in last 2 months have blown their accounts for if they buy low and sell high as VN says then when USD is strong buy USDJPY?All the traders I follow have good track records and are in the top 10 or 20 of myfxbook - yet almost all of them every day for last month and a half continuing to this day are losing...I am amazed that over a 6 week period these traders who do have a good track record of usually more than 2% each a month (some much higher) can't make any profits...I am not brand new to trading - this is a very unusual s...
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 29, 2014 at 11:28
Is it not true that most traders lose money though? I heard only 10% are profitable...is that not so?I agree with this: " for all the sellers in the world there was always a buyer and vice versa."I also agree that someone somewhere is always profiting - I think this has to be so for as you say the winners are created by the losers...if you have one you must have the other...I don't think it is theoretically possible for everyone to win or lose at the same time - but maybe this is wrong?
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 28, 2014 at 14:15
Why have so many accounts blown up in past 2 months?
Last few months blow up most Forex accounts
på
Erfaren Traders
Aug 28, 2014 at 06:21
And johnpaul77 yesterday left myfxbook - great...I've followed most of the top traders for last month and my account is 30% down - i only started a month ago - i'm devastated - i can't believe these so called traders have lost so much
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