High leverage vs Low leverage 73 replies
High Leverage vs Low Leverage 21 replies
High Leverage vs Low Leverage 20 replies
Working of Leverage!!! 4 replies
Right now My metatrader3 is not working is yours working? 0 replies
DislikedI disagree. If you are not consistently profitable, nothing in this world will get you out of a floating loss. To the contrary, the loss will become larger. If you are profitable, and you know what you're doing, then next to other methods, fading out of it is one way..
Here's the problem. If you hedge it is very important to ask the question: Why am I hedging? If the answer is "out of fear" you may as well close the loser and move on. Most traders are overleveraged, and when the market moves swiftly against them they hedge as a "pause" strategy....Ignored
DislikedIf you want to be successful you have to be able to buy weakness and sell strength. There's simply no way around it and I know, it's the hardest thing to do because it's completely counter intuitive.Ignored
DislikedAtilla,
buy weakness and sell strength:
ie buying at support and selling at resistance?
buying after a pull back and selling after the trend resumed
if thats the case I dont understand why that would be counter intuitive, because dont we all like to buy stuff at a discount?
what about people who buy high on a breakout and sell higher (not buying weakness)
what you are suggesting could also be counter trading: selling overbought, buying oversold.
could you go into it a bit more?Ignored
DislikedHi all,
I want to share my strategy and get your opinions comments and views.
The strategy I'm using is very simple and has been very succesfull so far.
My rules:
1. NO leverage
I have a 1000 eur account and I'm trading only 0.01 lots right now. I will start to trade 0.02 lots as soon as I reach 2000 eur margin and so on (or you can decide to go even slower by trading 0.02 lots only when your account has 3000 eur margin etc.)
2. SMALL TP
I have a set TP of 15-20 pips on every trade, trading only pairs with low broker spread....Ignored
DislikedHi again, Nacho
I am 57 years old, 15 of which spent in currency trading or very close to it - imagine what a long story I have behind me.
Working in a similar way you are working, counting opened/closed trades since July 15, 2011 I have these numbers: total 700 - profit 700 - loss 0. It works!
Leaving behind what is going on in the thread started by you, you remind me myself, only many years ago, when I had in my head approximately the same portion of knowledge and understanding you have now in yours. There is a long
distance between us at...Ignored
DislikedHi all,
I want to share my strategy and get your opinions comments and views.
The strategy I'm using is very simple and has been very succesfull so far.
My rules:
1. NO leverage
I have a 1000 eur account and I'm trading only 0.01 lots right now. I will start to trade 0.02 lots as soon as I reach 2000 eur margin and so on (or you can decide to go even slower by trading 0.02 lots only when your account has 3000 eur margin etc.)
2. SMALL TP
I have a set TP of 15-20 pips on every trade, trading only pairs with low broker spread.
3. NO Stop...Ignored
Disliked
As a matter of fact, this is how I've got involved in forex even before I knew you could trade. I had two accounts one in usd one in euro and I was moving all the money from one to the other maybe two times a year. 1:1 leverage if you will. It takes a round trip to see profit, but I made about 15K in maybe two round trips without having a clue about trading..Ignored
Disliked
since July 15, 2011 I have these numbers: total 700 - profit 700 - loss 0. It works!Ignored
DislikedHi again, Nacho
I am 57 years old, 15 of which spent in currency trading or very close to it - imagine what a long story I have behind me.
Working in a similar way you are working, counting opened/closed trades since July 15, 2011 I have these numbers: total 700 - profit 700 - loss 0. It works!
Leaving behind what is going on in the thread started by you, you remind me myself, only many years ago, when I had in my head approximately the same portion of knowledge and understanding you have now in yours. There is a long
distance between us at...Ignored
DislikedNacho,
Most of what you have shared offers good potential. This part though might be concerning:
Personally, not sure I like getting 15 or 20 pips within 48 hours, but I think the rest of your approach makes good sense.
Regards,
FX4
P.S. Continue on your journey and find your system that works for you. I am sure DedMatvey could work with you to help refine what you've got. Go for it.Ignored
DislikedVery interesting discussion going on in this thread. I also prefer to hedge instead of SL, so count me in.
I must admit that reading the posts of some opponents clearly suffering by serial poster syndrome has been very boring so far. That is why I hope that most participants of the thread will focus on developing the initial idea, and not trying to prove that it does not work. It does!
Let us keep up the good work, guys!Ignored
DislikedHello DedMatvey! Thanks a lot for your support!I believe in this way of trading and knowing that there are experienced traders that think the same makes me more confident about its success. So I am very willing to hear your suggestions and try to make my way more reliable. If you could also tell me where do you think I am mistaken now it surely will be useful as well.Ignored
DislikedOf course it works, anyone can hold a trade for as long as it takes to turn profitable, it's even easier in the ranging market we've seen over the past 3+ years or so.
As I understand it only half of your 700 trades were live. Aside from that, you left out the most important numbers, risk and reward (return).
I'm extremely sceptical about strategies like this simply because I have never seen one which is viable, acceptably productive compared to traditional trading methods, or which has survived long one-way trends.
Having said that I'm...Ignored
Disliked
Hi pipmutt,
Perhaps it will be a new idea to you if I say the following: my strong belief is that RISK MANAGEMENT IN CURRENCY TRADING is not a highly scientific or psychological somethingIgnored
Disliked
In our ordinary life we calculate risks hundreds of times every day
(when crossing a street, for example)
Then why do we separate currency trading from the rest of our lives, what makes it so special? My answer is NOTHING. My coclusion is: if one can manage risks in all other situations, why cannot one manage risks here?Ignored