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- 81 Results (4 Threads , 77 Replies )
- fx-Junior replied Dec 21, 2009
0.25% tax per transaction would totally kill forex trading, and therefore also liquity. And no one benefits of low liquity. Markets need to be traded to work efficiently, am I right? Not to kill the liquity the tax should be very low, like 0.001%. ...
- fx-Junior replied Aug 3, 2009
Thanks again guys! Good points I hadn't thought. Actually I have a winning intraday-scalping strategy that I have developed myself, but due to studying I want to concentrate more on longer term trades (takes less screen time), and this thread's ...
- fx-Junior replied Aug 3, 2009
Thanks for the feedback! Here the second one I took today. 4H EURUSD pin bar and BeOB at the same time. It's at swing high, strong resistance area, not immediate support below. I entered at 1.4231, and it went only 26pips to my way, but I had put my ...
- fx-Junior replied Aug 3, 2009
How do you like this AUDUSD set up? Strong uptrend, next resistance about 100pips above, and a nice 4H BuOB. Worth a long?
- fx-Junior replied Jul 14, 2009
Is the OCO order suitable for scalping (5-10pips) or is it harder than scalping with stop/limit orders?
- Trading as bank's client?
How much trading capital is needed to be able to go trade in some big bank? And how does the ...
- fx-Junior replied Jul 8, 2009
Is it likely that FSA will follow NFA in the near future?
- fx-Junior replied Jun 24, 2009
A question about history and future. Has the trading of support&resistance areas always been the same in the currency and commodity markets? Have there been different S&R patterns as we know today; bucket bottoms, spike bases etc? And most ...
- fx-Junior replied Jun 21, 2009
Exactly. Hit rate being 90%, there will be three losses in a row every 3000 trades, and that means 28% drawdown risking 10%, witch is not that much I think. Risking 0.25% or 0.5% it's hard to make it in the big money if you start with small capital. ...
- fx-Junior replied Jun 20, 2009
Not if you have a good winning % and experience. With 80-90% winning % and decent R/R it's almost impossible to blow one's account when risking 10% per trade of the current capital.
- fx-Junior replied Jun 16, 2009
I know that very few brokers cheat. I have a winning strategy and I have traded live 9 months and have not faced any problems with my broker. So that's it. That was not my question, however.
- fx-Junior replied Jun 16, 2009
Hehe. Professional forex traders at least get. But it has nothing to do with forex.
- Where do the big players trade?
I guess there is a limit that brokers don't like you to win more and therefore don't let you to ...
- fx-Junior replied Jun 15, 2009
Yep, you have to be able to remove all the emotion from trading, so position sizing must not get you fear. If it does, you are definitely trading too big. Maybe that's because the more pro one is, the bigger trading account he probably has. With an ...
- fx-Junior replied Jun 14, 2009
Let's make a little calculation. If you make 20pips a day on average with 40pips stops. Risking 2% per trade you make 23,2% profit in a month. Risking 5% you make 67,9% in a month. Of course your max drawdown would be 2.5x more when trading 5% risk, ...
- fx-Junior replied Jun 14, 2009
Couldn't agree more with you. You can't say it's suicide to risk more than 5% per trade. It's totally a matter of the performance you are able to reach in the long term. If you can reach even 70% win rate with a decent risk/reward over 1:1, 5% per ...
- fx-Junior replied Jun 8, 2009
If you work hard to get in the top 5%, you'll definitely make it. Profitable trading isn't rocket scienence, actually it's pretty simple. All it requires is strong S/R areas, a little price action study and tons of patience. 95% fail, because most ...
- fx-Junior replied Jun 4, 2009
Yep. It's totally a matter of time frame you trade. 5M traders usually take many trades every day, so they would bust quite fast unless they are consistently profitable. Also the part of luck decrease the more you take trades. It again depends on ...
- fx-Junior replied Jun 1, 2009
No. Not everyone trades demo for a year or so. I traded demo just for 2 months in the beginning and I have traded live now for 7 months, small positions, however, but still live. Dopey, great posts!
- fx-Junior replied May 31, 2009
Very nice post. Of course I can't say to be consistent for a long time before it's proven, but I feel I have the needed skills, technical and emotional to make that happen. My strategy is quite short term and it doesn't need a trend behind it to ...