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  • #607,341
  • Mar 11, 2012 1:02pm Mar 11, 2012 1:02pm
Quoting megajester
After +10 years of trading the 2 most important aspects of trading 1. use as small as leverage as you can 2. DONT try to predict which way the market will go, but thats only my opinion
I wouldn't say those are the 2 most important aspects of trading, but I do agree that they are important and easily overlooked by many.

I do not know where the eur/usd is going, nor do I care. As long as it moves, I will trade it in either direction. As for leverage, low is better, but for some with smaller accounts or a strategy that would require what you do not have yet, its applicable. 50:1 is a little high in my opinion but thats what I use, which allows me to have multiple trading setups on several pairs all at once. If you understand on how to use it to your advantage it can greatly benefit your trading. But I also know that it wouldn't effect my strategies if I trade with 1:1 leverage or 1:1000 leverage.
  • #607,342
  • Mar 11, 2012 1:06pm Mar 11, 2012 1:06pm
Quoting MidasFX
I wouldn't say those are the 2 most important aspects of trading, but I do agree that they are important and easily overlooked by many.

I do not know where the eur/usd is going, nor do I care. As long as it moves, I will trade it in either direction. As for leverage, low is better, but for some with smaller accounts or a strategy that would require what you do not have yet, its applicable. 50:1 is a little high in my opinion but thats what I use, which allows me to have multiple trading setups on several pairs all at once. If you understand...

some people talk total shite on this fred
rat
  • #607,343
  • Mar 11, 2012 1:06pm Mar 11, 2012 1:06pm
Quoting gametheory
" For example..I cant see how one can trade US$ successfully without knowing what happens in the debt martket, Equity market and others."
I have never looked at any of those charts, nor will I ever. If I don't trade the chart, I have no reason to look at it. But the difference of opinion is the beauty of these markets as we can both be right and profit
  • #607,344
  • Mar 11, 2012 1:09pm Mar 11, 2012 1:09pm
Quoting MidasFX
I have never looked at any of those charts, nor will I ever. If I don't trade the chart, I have no reason to look at it. But the difference of opinion is the beauty of these markets as we can both be right and profit

Rats back here now I'll set you in the right direction!
rat
  • #607,345
  • Mar 11, 2012 1:11pm Mar 11, 2012 1:11pm
Quoting MidasFX
I wouldn't say those are the 2 most important aspects of trading, but I do agree that they are important and easily overlooked by many.

I do not know where the eur/usd is going, nor do I care. As long as it moves, I will trade it in either direction. As for leverage, low is better, but for some with smaller accounts or a strategy that would require what you do not have yet, its applicable. 50:1 is a little high in my opinion but thats what I use, which allows me to have multiple trading setups on several pairs all at once. If you understand on...
Well said my leverage is 30000:1 which suits my style of trading and i can see that it would not work for everyone so i will change my statement to 2. have the appropriate (sorry if spelt badly) leverage to your trading style
  • #607,346
  • Mar 11, 2012 1:14pm Mar 11, 2012 1:14pm
According to my broker, gap down -17 pips @1.3105 - slowly closing now 1.31128
  • #607,347
  • Mar 11, 2012 1:15pm Mar 11, 2012 1:15pm
Quoting megajester
Well said my leverage is 30000:1 which suits my style of trading and i can see that it would not work for everyone so i will change my statement to 2. have the appropriate (sorry if spelt badly) leverage to your trading style

your 100% right leverage
rat
  • #607,348
  • Mar 11, 2012 1:16pm Mar 11, 2012 1:16pm
Quoting rattyo
Rats back here now I'll set you in the right direction!
I f**king hate rats. I kill them when i see them.
  • #607,349
  • Mar 11, 2012 1:22pm Mar 11, 2012 1:22pm
Quoting MidasFX
I f**king hate rats. I kill them when i see them.
I kill mad scientists on sight especially ones that cant trade for shit!
rat
  • #607,350
  • Mar 11, 2012 1:30pm Mar 11, 2012 1:30pm
Time out......lets agree that there are many different ways to make money on forex as long as you make money then your in the club, consistant profit is your badge of honor everthing else is just hearsay
  • #607,351
  • Mar 11, 2012 1:55pm Mar 11, 2012 1:55pm
Quoting gametheory
One thing I have learnt over time is not to base trading on economic fundamentals. A trader must follow only the money. US$ is in sideways to decline effectively supported by the FED and long term US policy. US$ can only gain traction on the basis of serious macro event. If you have a look at Greece Stock Index YTD or even NBG (national bank of Greece) ~100% YTD then you ll appreciate the discordance between the media hype and reality.
and what was the price last march hmmmmm 9.5 and now 3

and down 9% on friday
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #607,352
  • Mar 11, 2012 2:43pm Mar 11, 2012 2:43pm
Quoting megajester
After +10 years of trading the 2 most important aspects of trading 1. use as small as leverage as you can 2. DONT try to predict which way the market will go, but thats only my opinion
That took you 10+ years?
Nothing wrong with taking your time but ..................................

Makes me wonder what you will come up with when you reach 20+ years of trading? That must be sensational.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #607,353
  • Mar 11, 2012 3:00pm Mar 11, 2012 3:00pm
Quoting MidasFX
I do not know where the eur/usd is going, nor do I care. As long as it moves, I will trade it in either direction. As for leverage, low is better, but for some with smaller accounts or a strategy that would require what you do not have yet, its applicable. 50:1 is a little high in my opinion but thats what I use, which allows me to have multiple trading setups on several pairs all at once. If you understand on how to use it to your advantage it can greatly benefit your trading. But I also know that it wouldn't effect my...
Hear THE MASTER speak!!!!!
Lehman Inc. went down the drain with 1:30 leverage and set the stage for a world wide financial crises in 2008.
But our GENIUS here thinks that 1:50 leverage is "a little high"!

IDIOT
New voice message: Why are you calling me? If I need you, I'll call you!
  • #607,354
  • Mar 11, 2012 3:00pm Mar 11, 2012 3:00pm
Quoting blue_z_zz
and what was the price last march hmmmmm 9.5 and now 3

and down 9% on friday
Need to relate to bank index say xlf to understand. What has one day price gotta to do with it??
  • #607,355
  • Mar 11, 2012 3:02pm Mar 11, 2012 3:02pm
Hi,

Is there anyone who can help me to setup the elliot wave crack?
  • #607,356
  • Mar 11, 2012 3:07pm Mar 11, 2012 3:07pm
Quoting onlyfortrade
Hi,

Is there anyone who can help me to setup the elliot wave crack?
Elliot wave is a load of shite
don't bother
rat
  • #607,357
  • Mar 11, 2012 3:08pm Mar 11, 2012 3:08pm
Quoting KillerWhale
That took you 10+ years?
Nothing wrong with taking your time but ..................................

Makes me wonder what you will come up with when you reach 20+ years of trading? That must be sensational.
no matter how long as long as you get there in the end .....well at least ive proved myself ......have you ????????
  • #607,358
  • Mar 11, 2012 3:12pm Mar 11, 2012 3:12pm
I am getting this error, whereas I have done all the things here the messages saying
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  • #607,359
  • Mar 11, 2012 3:13pm Mar 11, 2012 3:13pm
Quoting KillerWhale
That took you 10+ years?
Nothing wrong with taking your time but ..................................

Makes me wonder what you will come up with when you reach 20+ years of trading? That must be sensational.
Ego is a bigger killer disease than fear, greed and hope in the stock market.
  • #607,360
  • Mar 11, 2012 3:14pm Mar 11, 2012 3:14pm
Quoting megajester
no matter how long as long as you get there in the end .....well at least ive proved myself ......have you ????????
Oh Sir, I have this $100,000 trading account here and to be safe I trade $0.10 per pip.
How come I'm not getting anywhere after 10 years of trading?

Maybe you should look for "what is reasonable" in stead of "as low leverage as possible"?
New voice message: Why are you calling me? If I need you, I'll call you!
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