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What I wanted to show is, even with small accounts you can make a living by trading. Start small, learn the rules of the market and stay focused.Ignored
You showed nothing, dream on!!
Do you make a living trading small timeframes? 58 replies
Living in China, trading for a living 18 replies
Can Americans living abroad open accounts with non-US brokers? 11 replies
How can I make a living trading forex? 25 replies
Reality check - do small FX accounts inevitably stay small? 14 replies
Dislikedforgot to mention pnf-trader. Point and figure trading in forex means nothing. I tested this on forex tick data. I admit the graphs look good, means nothing in real tradingIgnored
DislikedNo I haven't contributed. But let me contribute this. I have coded the "common" P&F rules on different TF. I run this on my tick by tick database. And guess what nothing!!Ignored
DislikedPNF, 99% of the stuff you traders believe in DOES NOT WORK, although you might attribute your profits to PNF charts, ever consider you just know how to trade and viewing the market on PNF just works for you kinda.
Candle Sticks DO NOT WORK!!!
Fib Lines DO NOT WORK.
About the only thing I've tested to work is SMA's and Envelopes with fixed % ranges, and yes there not perfect ofcourse.
Hey I wish I could find more, but really not interested in meaningless lines to make me feel happy, test with a accuracy above 50% or don't bother.Ignored
DislikedA lot of different methods do work, it's the people using htem that don't.
I'm sure using FIbs would be fine so long as you cut the crap ones quickly and then took 4 - 5 times the profit on the winners compared to the losers.Ignored
DislikedI'm sure using FIbs would be fine so long as you cut the crap ones quickly and then took 4 - 5 times the profit on the winners compared to the losers.Ignored
DislikedIts not hard to make money in forex market unless you are not greedy. I wait for the 3EST If I see GBP/USD going up or down I Just open a 100k lot wait for 10 pips which take some time few seconds or min. And I m done for the day. So every night I make 100$ and I am happy with it. Think about people who works at Mcdonalds, gas station, 711. They need to work 10 to 12 hours to make 100$.Ignored
DislikedWhere I would apply rigidity, is in my money management. I have mentioned earlier how important it is to control risk - and rigidity in this context means there is no compromise on my downside.
H. ReardenIgnored
DislikedDear H. Rearden!
In Your statement on march 27: 10.10 a.m. You bought EurJpy and it went against You.
10.12 a.m. You added to Your position, but it kept going against You.
10.16 a.m. You were down about 70p on Your first pos. and and down about 30p on the second. That looks more than Your daily 400 risk limit, and You added one more position?
Why?
Or what am I missing?
Regards,
M. PoirotIgnored
DislikedMy burning question is, how much of a degree do you have to have in economics to be a professional trader?
Regards CsanyiIgnored
DislikedMy burning question is, how much of a degree do you have to have in economics to be a professional trader?
Regards CsanyiIgnored