Disliked{quote} Wao! A million thanks sir. Please I heard the spread is more than dollar, it that true? If it is true, how are you surviving with it ( the higher spread)? THANKSIgnored
Maadik Hugiis. IQ 69.
1
Discipline, Mental Skills and the Psychology of Trading 26 replies
Trading skills in real life 9 replies
How to improve trading skills? 17 replies
Disliked{quote} Wao! A million thanks sir. Please I heard the spread is more than dollar, it that true? If it is true, how are you surviving with it ( the higher spread)? THANKSIgnored
Disliked{quote} Sure, here are few: 1. Easier to trade, better than a demo (dukas trader quote). It is hard to find $500,000 USD to trade, while finding $5,000 USD ($500,000 USCents) to trade is not so hard. 2. Large room for mistakes and fixes. You just have plenty of room for mistakes. Scaled like 100 times... Imagine that! 3. Loss is small (so is the gain). When you screw it all up, you lose $5,000 USD, not $500,000 USD, BUT you get away with the experience of losing $500,000 USD, actually, without losing half a million, but only $5k! That I call very...Ignored
Disliked{quote} Spread is colossal, king-size, yes. But then you learn to catch more pips to pay for it. Once trading in cent, due to the mountainous spread there, when you see any spreads in the normal accounts, you know that you can handle those and don't care, really. You know you can still make money, cause the cent have learnt you how to catch more pips to pay to stay in the game...Ignored
DislikedFirst month is basically over, so here's my screenshots. A very average 4.1% this month.{image}{image}Ignored
Disliked{quote} MoneyZilla, I remembered you have a lot of experience with hedging. Could you help us with a good hedge strategy for the following thread? https://www.forexfactory.com/showthread.php?t=730089Ignored
Disliked{quote} I have no idea how to make money when placing trades against the movement. I can eventually get you out of a situation. Might take a month... But honestly I am clueless why traders do open their positions prior to the movement they want to participate in? Why not open the trades when the movement they would like to ride just starts? The default range all pairs stay, 135 pips on average wide, 70% to 80% of the time, is a trap, the grid and all other traders jump in. You cant make money in that range, if you are not able to follow the rate...Ignored
Disliked{quote} Ok, thanks. Sounds like we need kind of a flip. But thanks for your insight. Hedge master MoneyZillaIgnored