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- wayneL replied Nov 26, 2005
Indeed! 10 years from now, you and I, and others with the same attitude will still be here trading.
- wayneL replied Nov 23, 2005
If that happens, our trading account is the least of our worries. BTW, I got caught in a lock limit scenario that did last 5 days. Remember the CJD scare? It hurt, but was not devastating to my account. Money management should account for left field ...
- wayneL replied Nov 23, 2005
EXACTLY, The rest of you sound like you're playing roulette. The thing I see in leveraged markets is gambling mentality....undercapitalised, overleveraged. With positive expectancy and correct money management it is virtually impossible to crash and ...
- wayneL replied Nov 23, 2005
Thats why you need to work out your money management parameters On that mini account and using a 2% fixed fractional method, your stop should be no bigger than 8 pips. Although on such a small a/c a 5% fixed fractional is acceptable. ie, you should ...
- wayneL replied Nov 22, 2005
I'll echo what somebody said above...5% of what? The "of what" should be viewed as the amount of capital you should have (both in the account and as reserve) in order to trade each contact. You work this out using algebra from your trade plan and ...
- wayneL replied Nov 19, 2005
Hi, My first post here. Yes it's possible 'cause thousands already do. I'm a newb to the fx cash markets, but I've traded for a living using share and futures (*including currency futures) for 5 years. Thre are two things I would stress otherwise ...
- Posts by Member Search: 'wayneL'