The truth about trading and money managers

togr

Tham gia từ Feb 22, 2011 4573bài viết

Jul 22, 2014 at 19:43

Tham gia từ Feb 22, 2011 4573bài viết

amirms posted:
The best long term FX trader I have seen so far uses maximum leverage of 1:2 to 1:3 . It occasionally happens that he uses 1:5 and that is not for making profit !! It is only the last shot for recovering losses on that single trade . using this low leverage, still he is making 5-10% per month .

Do you have any online profile for such account?

VictorTous

Tham gia từ Apr 25, 2013 102bài viết

Jul 22, 2014 at 19:50

Tham gia từ Apr 25, 2013 102bài viết

I was just about to ask for the same thing 😉

Patience, focus and self-control to win the game with diligence.

whitesolutions

Tham gia từ Sep 17, 2014 12bài viết

Sep 22, 2014 at 06:49

Tham gia từ Sep 17, 2014 12bài viết

I disagree with the poster of this topic seriously,I wonder who he's angry at or with ?
I've seen so many account with $10k got traded till they reached over $300k?
Considering not so many investors will have $300k to invest so investment and trading is open to a wide spectrum of choices or tactics and methodologies.We're glad your system turned out well for you,but i'm sure if you're right you won't have employed traders off MFB because with $300k in a personal account,no one needs to trade for anyone else or am i wrong ?

BKKTrader

Tham gia từ Sep 25, 2014 1bài viết

Sep 25, 2014 at 20:42

Tham gia từ Sep 25, 2014 1bài viết

What utter nonsense,this guys talks about trading a minimum of USD $300,000 accounts,doesn't tell us how many but then expects us to be impressed that his "Fwend" makes a whopping USD $2,000 per day,looooooooolllllll!!!!!😁
I can make that trading 5 accounts at 4 lots for 5 trades a day with a two pip rebate,what an absolute joker!I'm talking no more than USD $50,000,or $10k per account and Charlie Big Potatoes has x amount of USD $300k accounts,I've never heard such hilarious piffle in all my life,just lol!😁

Never give up!

LoveA

Tham gia từ Apr 17, 2014 11bài viết

Sep 26, 2014 at 22:05

Tham gia từ Apr 17, 2014 11bài viết

Well, there are many investors out there trading millions. Those people are not showing are here. He is telling the true. However, I also believe you can turn $10K to $300K as long as you can manage your emotion every day you trade for a long long time.

savantfx

Tham gia từ Jun 13, 2014 73bài viết

Sep 27, 2014 at 18:46

Tham gia từ Jun 13, 2014 73bài viết

Some truths but he doesn't know everything. Whenever one deem something possible, impossible...one will stop growing. Smartguy should not be too pessimistic but i do agree on most points.

Never Give Up!

Aphea

Tham gia từ Sep 19, 2014 2bài viết

Sep 28, 2014 at 10:08

Tham gia từ Sep 19, 2014 2bài viết

I agree on 90% of this posting. When trading the volatile market that we do, consistency trumps all. Even at a 2% chance of losing 50% of your account, over the course of 5, 4, even 3 years of trading or less, you WILL hit the 2%. At 50% DD, you require a 100% increase in total account equity just to regain your loss. Think about that. 100%. At 20% a month, 10% a month, that's 5-6+ months of trading completely lost, and there is no rule in the book saying that you won't hit the 2% again in those 6+ months, turning those 6 months in 1-2 years, making it even more likely to hit that 2% again.

When you can trade solely based on low risk, low reward, you will be successful. I have been trading for more than 2 years profitably at -0 -> 10% per month (10% being very rare). Just keep that in mind.

See you at 1B in 30 years.

aidemart

Tham gia từ Apr 26, 2014 7bài viết

Oct 05, 2014 at 11:32

Tham gia từ Apr 26, 2014 7bài viết

amirms posted:
I am active trader and this smartguy is 100% honest and correct . You need at least to trade 3 years to reach his idea

truth words !😝 ,You need at least to trade 5-8 years to reach his idea,,it is not 3 years

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