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Which is a better strategy to make money?

  • #21
  • Feb 8, 2010 7:31am Feb 8, 2010 7:31am
Not so. I am not promoting anything at all.

I am merely sharing my methods and showing the New trader as well as the experienced veterans that the market CAN be tamed. Especially if you are using a stupendous system such as myself.

I have tamed the beast of the FOREX market using my amazing stupendous system and now the market bows down to me Master Tater.

Thanks and Happy Trading

Master Tater
  • #22
  • Feb 8, 2010 1:39pm Feb 8, 2010 1:39pm
i voted for the large move but only for one reason. you asked which is better to capture a specific amount of pips. in that case, you only have one trade to deal with to capture the long term. however, you have a better chance of holding a profit with the 20 smaller trades. that way, if you lose one trade, you arent out of the game. you still have nineteen chances to make back the loss and more. it's always better to go for a consistent, viable profit than to shoot for the one time jackpot in my opinion.
  • #23
  • Feb 8, 2010 1:57pm Feb 8, 2010 1:57pm
Quoting AlbertTater
"I like young men"[/font][/color]
What kind of place do you think this?
Measure twice, cut once
  • #24
  • Feb 8, 2010 7:00pm Feb 8, 2010 7:00pm
I think this is a place where novice and professionals (such as myself) can come together and share ideas and market strategies and learn from each other.

I completely enjoy interacting with other trades on the Forex Factory forums.

I typically have a hard time making friends in public and prefer solitary time alone with my computer so the more interaction I have with fellow traders the better.

I am able to impart valuable insight and wisdom about the markets to my fellow traders from my vast store house of knowledge that I have been accumulating since I was knee high to a grass hopper.

Thanks and Happy Trading

Master Tater
  • #25
  • Feb 9, 2010 12:10am Feb 9, 2010 12:10am
I am a housewife with 2 kids looking after them at home , i started trading forex 3 years ago after my husband told me of how Japanese housewives made thousands of dollars in Forex. Along that journey i blew up so many live accounts i cant even remember how many. I was still looking for the good trading system when i stumbled upon the expert advisor that completely turned my trading life around. I Never loose money since then instead my account grow day after day slow and steady. i have to admit that trading requires a lot of self disciline which i dont have so i leave it all to an Expert Advisor.I have made my account grow 100% in just i mth.
  • #26
  • Feb 9, 2010 1:56am Feb 9, 2010 1:56am
Quoting AlbertTater
I think this is a place where novice and professionals (such as myself) can come together and share ideas and market strategies and learn from each other.

I completely enjoy interacting with other trades on the Forex Factory forums.

[font=Calibri][size=3]I typically have a hard time making friends in public and prefer solitary time alone with my computer so the more interaction I have with fellow...
No secret that this world is a hard place for people who do not master social interference. I was referring to your subtitle "I like young men". This is a perfect timing to expend your social skills by removing it unless you want to sound like an pedophile.
Measure twice, cut once
  • #27
  • Feb 9, 2010 2:55am Feb 9, 2010 2:55am
This whole thing is a piss take. He is doing a great job of it too. Has made me laugh a few times. Keep it up Master bater.... i mean master tater
Luck is where preparation meets opportunity.......
  • #28
  • Feb 9, 2010 4:32am Feb 9, 2010 4:32am
probably a student who is writing a thesis named. No matter how obvious the con is, there are still stupid people wanting to believe it.

A+
  • #29
  • Feb 9, 2010 6:40am Feb 9, 2010 6:40am
Quoting spekkiefx
probably a student who is writing a thesis named. No matter how obvious the con is, there are still stupid people wanting to believe it.

A+
and to back that up lets use this one as a case study... http://www.forexfactory.com/showthread.php?t=215781
  • #30
  • Feb 11, 2010 3:13am Feb 11, 2010 3:13am
hi guy,
i think that small targets like 20 pips is not enoght at all, big target begins from 30 pip and up is much better ,so i dont close a deal untill i feel that tha price won't go this way any more , it's good to regulary modify the stop loose level to be closer to the market price to protect the wiinin trade from coming in the floating loss area as a close any profit is much better than closing with negative......

i wanna ask the traders here if the news trades is the best or not ???
i think that the news is the forex fuel ....
i dont trade out of news....
any body think i am wrong about this ???
  • #31
  • Feb 11, 2010 4:29am Feb 11, 2010 4:29am
Quoting momenforex
hi guy,
i think that small targets like 20 pips is not enoght at all, big target begins from 30 pip and up...
There is no right or wrong.

Aiming for big moves will leave you with many small lossess and 1 big winner. Aiming for small moves will leave you with many smaller winners and 1 larger loss.

As long as you get the balance right, it can work.
  • #32
  • Feb 11, 2010 5:19am Feb 11, 2010 5:19am
Quoting aediaz1
I will never understand why people enter the fx market, only to catch a few pips here and there.

Take a look on eur/usd, it have been going almost straight down since the start of 2010 (also called a downtrend) by 900 pips, 300 pips retrace before falling even more than the first down-move ! Considering the fact that most pairs move > 100 pips daily/ > 250 pips weekly, should make it less attractive aiming only for a 20 pips move on average.
I guess it depends on your account size, skill and leverage. 10 standard lots at 20 pips a day is $2000.00 a day..$10,000.00 a week. $40,000 a month. Not so bad. If you're relegated to trading microlots, then by all means you have to make 1000's of pips a week to make any real money.
  • #33
  • Last Post: Feb 11, 2010 5:43am Feb 11, 2010 5:43am
Quoting damagedv1
I guess it depends on your account size, skill and leverage. 10 standard lots at 20 pips a day is $2000.00 a day..$10,000.00 a week. $40,000 a month. Not so bad. If you're relegated to trading microlots, then by all means you have to make 1000's of pips a week to make any real money.

This is not true and an oversimplification of how it works. It has to do with the risk/reward profile of the market at a given time. There is no point to make a calculation like you have done as this is not realistic. The market does not take an individuals account into consideration.
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