Disliked1) rate is cut - NO WAY.
not so probable IMO, but if that FED move happens EUR will get higher instantlyIgnored
You probably all know where deflation leads if it begins to feed itself.
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Disliked1) rate is cut - NO WAY.
not so probable IMO, but if that FED move happens EUR will get higher instantlyIgnored
DislikedWelcome to the real world. I had my rude awakening too. Demo and Life have little in common. You will loose a lot of money before you can do something meaningful (if at all)Ignored
DislikedWell, it is heading up, but not enough yet for me. Need it to get back to around 1.4250.Ignored
DislikedAnd you're close to a margin call?! Man, you need to get ur risk management right.Ignored
DislikedThis is why money management is so important. Let say you are trading a 1,000 dollar account with micro($10) lots. Do you know how many losses in a row you can take using a 1% stop? If your average stop is 30 pips you can take a hundreds losses in a row before you meet Mr. Margin Call. In fact if you have the time open a spread sheet and calculate it for your self, you will probably be surprised.
Forex + get rich fast = get poor faster
P.S. I don't think the FED will cut rates, well at least not this month.Ignored
DislikedOne question... you demoed for 2 years, is your lot size and SL on this trade the same as your demo trades?Ignored
DislikedNice. I took the same trade. .618 retracement level on the 120Min and exited just below the 200sma on the 60 min. I didn't get as good of a fill, and got out a few pips early, so didn't get the 50 pips you got, but only a few less.Ignored