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- AceFXTrader replied Sep 10, 2012
I became a profitable trader when I spent less time on trading, sounds weird but it works. Created an EA base on my system rules, monitor a couple of minutes a day, make money, simple. I remember when I first started out, I uses to spend hours ...
- AceFXTrader replied Sep 10, 2012
The 5% get all of the money from the 95% excluding broker fees. Now you see why Forex can be so profitable, but only if you can out trade the other 95%.
- AceFXTrader replied Sep 8, 2012
Why does none of these system starter ever post any Trade explorer. It would help in seeing if these systems work or not.
- AceFXTrader replied Sep 8, 2012
In principle the more money you have and the lower your starting lot size, the more succesful it will be, it also depends on your trading systems win/loss. If your max losing streak for your system is 10 straight loses and you have enough money to ...
- AceFXTrader replied Sep 8, 2012
As most broker still dont support MT5 yet and there is not much of a big difference for non-EA traders between MT4 and MT5, I would stick with MT4.
- AceFXTrader replied Sep 8, 2012
Making 10 pips is not very difficult. The difficult part is doing it everyday on a consistent basis. No matter how good you are, there will be a day when everything just goes against you. Setting a goal based on pip gains isnt really good, ...
- AceFXTrader replied Sep 8, 2012
You have soo many lines on the chart, I can barely see the price, with so many lines can it really be called S/R areas anymore?
- AceFXTrader replied Sep 8, 2012
Who would actually trade like this. Looks like a Disco or Tron Chart, so many lines and color.
- AceFXTrader replied Sep 8, 2012
Seeing how the next major S/R are all above 1.29, I can see it going over 1.29 easily.
- AceFXTrader replied Sep 8, 2012
Haha, I know what you mean, I lurk around this forum a lot (not to sound creepy >_>) and read a lot of post from people who sounds like they know what they are talking about, but in actuality dont really have a clue. I mean if 95% of traders lose ...
- AceFXTrader replied Sep 8, 2012
I started with a small $500 mini account, lost about 25%. Withdrew everything, went back to demo for 6 month, got a much better understanding of the market. Started again with $1000, +800% and climbing.
- AceFXTrader replied Sep 8, 2012
$300 to 1million in 45 months is not what I would call "doable". Do you even realize how hard it is just to average 2% a month in Forex. 95% of traders lose. I would say making money in Forex is "doable", turning 300 into 1 million is "unrealistic". ...
- AceFXTrader replied Sep 7, 2012
Trading with my own EA, I can tell you, Yes, EA's can work. If you have a system with definitive rules, entry and exit rules, there is no reason why those same rules cant be programed into an EA (assuming you have the programming know-how or know ...
- AceFXTrader replied Sep 7, 2012
Excellent day, made alot of money during NFP. After the Channel broke a few days back, it was obvious it was going to continue up. NFP gave it the extra push.
- Posts by Member Search: 'AceFXTrader'