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Jan 12, 2011 at 19:18
First Robot of three I now own. I refuse to trade any of them live and should I change my mind I would only open the smallest account and trade micro lots. I have lost my purchase $ and gained experience. Best that I can say about it so far. My experience with FAPT after looking at it for 6 months is the losses can be overpowering. The logic of having large stop losses relative to take profit is IMHO insane. Think about it this way would you go to a casino and lay down 60 dollars to win 10. And let's face it trading is risky if you consider how many lose money trying it. So keep your bets ...
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Jan 12, 2011 at 18:18
Practically all of hype in Forex is based on compounding While Sitari is very detailed in showing you how you can build up your account there is a simple method for estimating an investment's doubling time (planned or actual) used in finance called “the rule of 72”. A detailed discussion can be found here: http://en.wikipedia.org/wiki/Rule_of_72. A simple example for a day trader would be if you could increase your account 1% per day after 72 days your account will have doubled. One percent a month 72 months and so on. It is a useful tool for mental calculations and when only...
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