a51 if you were want to write an article on proper money management, let me know.. would be happy to post it up on the tree
trading801's Koala Forex Articles and EUR/USD views
- #9,703
- Mar 25, 2010 9:51am Mar 25, 2010 9:51am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
I agree with you, very good advise, thanks my friend 
Hey Francis and all Koalas.
Thousands of ways to trade. Many of them will make money or so I have read. The key is to pick one that suits the individual, learn it until you can do it in your sleep and treat this like a business. Discipline is the key. I believe this word covers the other two main aspects that are required for success. Patience and Money Management.
Get that right and any method with an edge will make dough.
A51
We are here to help each other... We Learn Forex Together!
- #9,704
- Mar 25, 2010 9:52am Mar 25, 2010 9:52am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
a51 if you were want to write an article on proper money management, let me know.. would be happy to post it up on the tree
- #9,706
- Mar 25, 2010 10:03am Mar 25, 2010 10:03am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
The scalpers here would wilt under the preasure of a 30 pips drawdown. Also they would die of boredom with 3 trades a month.
A51
- #9,707
- Mar 25, 2010 10:04am Mar 25, 2010 10:04am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #9,708
- Mar 25, 2010 10:05am Mar 25, 2010 10:05am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
exactly, for me TF 30M is like monthly The scalpers here would wilt under the preasure of a 30 pips drawdown. Also they would die of boredom with 3 trades a month.
A51
We are here to help each other... We Learn Forex Together!
- #9,710
- Mar 25, 2010 10:06am Mar 25, 2010 10:06am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #9,711
- Mar 25, 2010 10:08am Mar 25, 2010 10:08am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
Doh
pressure not preasure LOL.
A51
dailies doesnt look right
- #9,712
- Mar 25, 2010 10:10am Mar 25, 2010 10:10am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #9,715
- Mar 25, 2010 10:23am Mar 25, 2010 10:23am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #9,716
- Mar 25, 2010 10:32am Mar 25, 2010 10:32am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #9,717
- Mar 25, 2010 10:36am Mar 25, 2010 10:36am
Thanks A51 I should have explained myself better I should have said its in a good area same as eur/cad nice to get a pro,s view , thanks
Francis my Friend.
No pro here brother and not claiming to be one. Just like to help my Koala buddies if I can.
That is what these threads should be about. Good natured trading discussion with a few jokes to pass the time.
As for eurcad, yes forming a pin and may work for some easy pips.
BUT, Remember size matters and look at that trend.
The perfectionists would like to see a much bigger nose sticking out backed up by fibs and previous S & R. My feed does not go back far enough to see any. All this before it would be considered AAA grade.
A51
- #9,719
- Mar 25, 2010 10:53am Mar 25, 2010 10:53am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
Thank you koala king, great and very good article.
We are here to help each other... We Learn Forex Together!
- #9,720
- Mar 25, 2010 10:56am Mar 25, 2010 10:56am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts