First off, hello all. I'm eupho, a 21 year old semi-professional poker player from central florida (which basically means I'm 21 and I have practically no bills to pay) and here's my thing:
My poker bankroll is x,000. I only need a max of about $500 right now on any given day, the rest sits in someone ELSES bank account, earning THEM money. Clearly, this isn't an ideal situation for me.
So in the past 4-5 days I've become very interested in forex. I'm playing demo still, and while Ive already made some mistakes (like giving fxsomethingorother my real phone number. Ugh.) overall I'm very pleased with my progress.
I'm using a system I found here on this forum maybe a page back. I can't find the link right now (I'm still playing 4 tables of poker ;p) but its basically 3 WMAs (5, 20, 100) and I'm buying everytime the 5 is above the 20 and 100, close when the 5 touches the 20, sell when the 5 is below the 20 and 100. Its really performed absolutely fantastically so far. But really, if making money was this easy, wouldn't everyone be doing it? So I bow to you all, how realistic is this simple system longterm? I'm using it with the 30 minute charts. I'll try and get the link to it in a minute.
Everyone talks about taking a system and "making it yours" ... I guess I'm too new even to bother with that.
Next I'm confused on setting SLs and TPs. Is there a good guideline I should be following when setting my initial ones? Something like setting my SL 10pips negative and TP 30 pips positive and then adjusting them as I feel comfortable (ie sliding the SL up to the breakeven point)?
What is a "good" forex ROI?
Thanks for dealing with my rambling, I'm sure I'll have tons more questions. Forex seems to be the only group of people who love acronyms more than the military.
Finally, as I said I'm a semi-pro poker player, I'm also a moderator at a very popular poker forum which I wont mention in my introductory post, but if anyone is looking to "trade expertise" pm me.
~Euph
My poker bankroll is x,000. I only need a max of about $500 right now on any given day, the rest sits in someone ELSES bank account, earning THEM money. Clearly, this isn't an ideal situation for me.
So in the past 4-5 days I've become very interested in forex. I'm playing demo still, and while Ive already made some mistakes (like giving fxsomethingorother my real phone number. Ugh.) overall I'm very pleased with my progress.
I'm using a system I found here on this forum maybe a page back. I can't find the link right now (I'm still playing 4 tables of poker ;p) but its basically 3 WMAs (5, 20, 100) and I'm buying everytime the 5 is above the 20 and 100, close when the 5 touches the 20, sell when the 5 is below the 20 and 100. Its really performed absolutely fantastically so far. But really, if making money was this easy, wouldn't everyone be doing it? So I bow to you all, how realistic is this simple system longterm? I'm using it with the 30 minute charts. I'll try and get the link to it in a minute.
Everyone talks about taking a system and "making it yours" ... I guess I'm too new even to bother with that.
Next I'm confused on setting SLs and TPs. Is there a good guideline I should be following when setting my initial ones? Something like setting my SL 10pips negative and TP 30 pips positive and then adjusting them as I feel comfortable (ie sliding the SL up to the breakeven point)?
What is a "good" forex ROI?
Thanks for dealing with my rambling, I'm sure I'll have tons more questions. Forex seems to be the only group of people who love acronyms more than the military.
Finally, as I said I'm a semi-pro poker player, I'm also a moderator at a very popular poker forum which I wont mention in my introductory post, but if anyone is looking to "trade expertise" pm me.
~Euph