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- magictiger replied Mar 26, 2011
... unless you're moving your stop to break-even to let a winner run!
- magictiger replied Mar 24, 2011
Go for it, if you think it will make you take this seriously. Just make sure you're not risking your rent money. Don't feel bad if you blow up this first account. I think it's almost a rite of passage among forex traders to run an account into the ...
- magictiger replied Mar 23, 2011
Maybe if there was a coherent question or statement there we could know what you're looking for or aiming at. Right now, it's a toss-up between "HOW I SCALP 4 PIPS?" and "I SCALP WITH RANDOM BARS ON CHART!" We don't know where you're going with ...
- magictiger replied Mar 23, 2011
I should start a thread with vague promises to tell everyone about my system, fake up some screenshots with outrageous profit claims, then see how long I can keep it going without ever telling anyone anything substantial about this fictitious ...
- magictiger replied Mar 23, 2011
If you can't make yourself treat it seriously on a demo account, chances are a small account won't make you treat it seriously either. You may want to consider if you're disciplined enough to be successful in trading. This isn't a ...
- magictiger replied Mar 15, 2011
ToDo List: 1. Make up some BS strategy and post with results from my actual trading faked to be results using the BS strategy. 2. Create thread on FF advertising bogus strat, give "basics" away for free 3. Sell full strat/mentoring service (abandon ...
- magictiger replied Mar 15, 2011
This thread rises from the dead! It seems pretty timely too. Tax return time seems to bring out the "Zero to Hero" crowd. Great post, yaed.
- magictiger replied Mar 14, 2011
Nah, no need to be discouraged. Even if you're only 0.0001% up, that's still profits, and profits are something to be proud of, big or small. Realistically, huge returns aren't something to expect. Aim for consistent, steady returns and let your ...
- magictiger replied Mar 14, 2011
These are probably results from the EA contests. These things are designed with a complete lack of money management, and are usually running on as many currency pairs as possible. It's essentially gambling that they'll have a good run, win the ...
- magictiger replied Mar 12, 2011
This is one of those "How Forex Works" questions. Since Forex isn't done on an exchange, there is no one single price. Your brokers work with banks and possibly other brokers to have a market for you. This network doesn't necessarily talk with other ...
- magictiger replied Mar 11, 2011
If we knew, we wouldn't tell you anyway. We'd be using it. A good rule to follow is the more people know about an EA and use it, the less likely it is to make any kind of profit. It's better to just learn how to trade yourself instead of expecting ...
- magictiger replied Mar 11, 2011
This. More than anything else anyone has said in this thread, this. The biggest problem with demo trading is that you almost never learn proper money management. We remember our huge successes (doubling an account in just a few days) but not our ...
- magictiger replied Mar 11, 2011
In considering this, keep in mind your money management. As we all know, it takes money to make money. If you're letting money sit unused in your account, it's not making you anything. When you make a trade, your balance is on the line. If the trade ...
- magictiger replied Mar 8, 2011
That's a very interesting article, and I'm sure most of us have gone through those stages or are on our way through it right now. Don't try to force your way through them, though. It has to come on its own. The more you trade and the more you learn ...
- magictiger replied Mar 8, 2011
Ok, fair enough, I tend to forget that there are people who can't turn a profit with this. So how about this instead: The people I talk to who trade profitably found something that worked for them. Persistence pays off, and that may be why the 95% ...
- magictiger replied Mar 8, 2011
Are you sure trading is really for you? Usually people find something that works for them and learn what they can bring in from other methods to enhance their own. If you're suffering from information overload and trying to apply too many things at ...
- magictiger replied Mar 1, 2011
I'm not going to try to change your opinion on automated trading. (I looked into it when I was new to forex and learned my lessons there) Keep in mind that some people just write their trading strategy into a Metatrader EA and it works out great for ...
- magictiger replied Mar 1, 2011
Hm... Is trading hard? No. Trading is very easy. The brokers have worked hard to make it simple to put in a buy or sell order. Is learning to trade hard? It can be for some. Some people may just have a talent for this sort of thing. Some people are ...
- magictiger replied Mar 1, 2011
People will use a VPS for several reasons. Some like the safety of having everything in a remote, secure place with guaranteed uptime. If your PC dies, you can access the VPS from another PC with no downtime, no lost data, and no needing to set ...
- magictiger replied Nov 5, 2010
I was one of those people who could run up a practice account like it was nothing. Double an account in a month? Easy. On and off over two years I played with demo accounts and found a strategy that works for me. Then the magic day arrived and I ...
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