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Is there an "easy" way to trade on Forex?

  • #21
  • Jan 13, 2013 3:54pm Jan 13, 2013 3:54pm
[quote=Gumrai;6361110
How much money will you put into your trading account and how much profit (money not % ) do you want to earn each month?[/QUOTE]


9.274,83 UDS * 50 (leverage) = 463,700 UDS


0,003% * 463,700 = 1,310.
  • #22
  • Jan 13, 2013 3:56pm Jan 13, 2013 3:56pm
Quoting billytt
pipcatchu, i forgot NO LEVERAGE
why not?
  • #23
  • Jan 13, 2013 4:00pm Jan 13, 2013 4:00pm
Quoting Pipcatchu
why not?
BECAUSE,,,, instead of just losing you will lose really bad. Leverage is for the eyes of greedy people, gold at the end of the rainbow, el dorado etc. i am not being personal or nasty
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #24
  • Jan 13, 2013 4:06pm Jan 13, 2013 4:06pm
yeah, im aware of this.. but without leverage my account it a bit small. Ill try for some time, been demotrading since half year back (and planning on doing for some time forward!), and will never start a live accout without knowing im capable of doing some profit.
  • #25
  • Jan 13, 2013 4:11pm Jan 13, 2013 4:11pm
Leverage is irrelevant as long as you adjust your lot size to fit your acceptable risk.

Quoting Turveyd
The Kinda is cause I'm not aiming for 3 pips full scalp style, I'm happy to hold when trends appear for a few hours.

There is a fair few around, " one minute wonder thread" C-12 is a M1 profitable trader I believe.

I'm following a few Supply and Demand similar method to yours trades and not looking great to be honest, big wins and big losses.
Were these big losses over time or big losses at once? You shouldn't ever have any "big" losses if you're managing your risk appropriately. One strategy I use is to place a stop above the supply or demand zone after I get a confirmation. Profit margin is also obviously important, you don't want to take a trade where the next level is only 30 pips below and you're risking that much going into it.
  • #26
  • Jan 13, 2013 4:19pm Jan 13, 2013 4:19pm
Quoting Pipcatchu
9.274,83 UDS * 50 (leverage) = 463,700 UDS


0,003% * 463,700 = 1,310.
Still not making any sense.
I suggest that you learn when to use a comma and decimal point.
What is UDS? Do you mean USD
0.003% of $463,700 = $13, not 1,310

If I am understanding correctly...
You have a $9,274 account
and expect to earn $1,310 per month

That is over 14% per month.

If there is an easy way to do that consistantly month after month, year after year, I would certainly like to know about it.

If you need 14% per month, then the answer is no, there is no easy way.
Please Do Not PM Me With Coding Enquiries
  • #27
  • Jan 13, 2013 4:22pm Jan 13, 2013 4:22pm
heh sorry, wait ill go learn how to calculate % first...

yeah, USD, typo.
  • #28
  • Jan 13, 2013 4:26pm Jan 13, 2013 4:26pm
Quoting Kanzler
Leverage is irrelevant as long as you adjust your lot size to fit your acceptable risk.



Were these big losses over time or big losses at once? You shouldn't ever have any "big" losses if you're managing your risk appropriately. One strategy I use is to place a stop above the supply or demand zone after I get a confirmation. Profit margin is also obviously important, you don't want to take a trade where the next level is only 30 pips below and you're risking that much going into it.

Correct on the first part!

There kinda doing a +100, lose 150 kinda game most of the time, not me as I don't play that kinda game.

About to start Live using my latest method, expect me to cock up the application of for a while so give me a few weeks and hopefully back to M1 profitable, and when profitable account doubling every 2 - 3 weeks is the norm.

Hope this 1 sticks long term!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #29
  • Jan 13, 2013 4:35pm Jan 13, 2013 4:35pm
Quoting Gumrai
You have a $9,274 account
and expect to earn $1,310 per month

That is over 14% per month.

.

but im calculating on the leveraged amount? which is 463,700 USD (fourhundredthousand..... )

$1,310 of 463,700 is 0.003%

Was it right this time?
  • #30
  • Jan 13, 2013 4:39pm Jan 13, 2013 4:39pm
Quoting Pipcatchu
but im calculating on the leveraged amount? which is 463,700 USD (fourhundredthousand..... )

$1,310 of 463,700 is 0.003%

Was it right this time?

Don't think you can work on the Leverage amount, just your account sadly.

So you need 1.2% per month then ?? Akthough it looks like you need 12% per month, still doable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #31
  • Jan 13, 2013 4:44pm Jan 13, 2013 4:44pm
Quoting Turveyd
Don't think you can work on the Leverage amount, just your account sadly.
explain this more please.
  • #32
  • Jan 13, 2013 4:51pm Jan 13, 2013 4:51pm
Quoting Pipcatchu
explain this more please.
No body bases there return on there account value * Leverage that just NUTS!!

You need 12% ish, or 8% ish for a few months until 8% is enough.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #33
  • Jan 13, 2013 4:55pm Jan 13, 2013 4:55pm
interesting, back to the drawing board!
  • #34
  • Jan 13, 2013 4:55pm Jan 13, 2013 4:55pm
Quoting Pipcatchu
explain this more please.
I strongly believe you have about 3 more years to go before you ends up profitable. But before that might lose a few account. My advise start trading a small account when you 'feel' you can be profitable. Once you are profitable in that small account then you may start trading a bigger account.

Be wary from whom you receive your advise as 95% in ff is not profitable. Most would never ever post their real account

You are welcome to learn something in my thread http://www.forexfactory.com/showthread.php?t=381294
  • #35
  • Jan 13, 2013 5:06pm Jan 13, 2013 5:06pm
Quoting Supertrader9
I strongly believe you have about 3 more years to go before you ends up profitable. But before that might lose a few account. My advise start trading a small account when you 'feel' you can be profitable. Once you are profitable in that small account then you may start trading a bigger account.

Be wary from whom you receive your advise as 95% in ff is not profitable. Most would never ever post their real account

Sadly Supertrader is right, many many years ahead, you'll first learn loads of BS and how not to trade of FF then spend years unlearning it all and unscrewing yourself up.

I started off profitable from the get go, then read forums wanted more and well soon turned into a loser damn forums.

So advice is stay of forums all together, DIY.

I'd say 99.8% aren't profitable on FF, as profitable people don't stick around, interestingly 99.8% claim they are profitable and doing great go figure.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #36
  • Jan 13, 2013 5:23pm Jan 13, 2013 5:23pm
Quoting Turveyd
Sadly Supertrader is right, many many years ahead, you'll first learn loads of BS and how not to trade of FF then spend years unlearning it all and unscrewing yourself up.

I started off profitable from the get go, then read forums wanted more and well soon turned into a loser damn forums.

So advice is stay of forums all together, DIY.

I'd say 99.8% aren't profitable on FF, as profitable people don't stick around, interestingly 99.8% claim they are profitable and doing great go figure.
what's up with bashing FF? It's like you can't be a pro if you hang out in forums?

When i started out i frequent elite trader forums. The knowledge i got from there provided me with the structure. I had to rearrange them to what makes sense to me.

Your growth as a trader is no way affected by learning from the forums.
NocturnalFX is no longer offering commercial services
  • #37
  • Jan 13, 2013 5:26pm Jan 13, 2013 5:26pm
Quoting TPOTrader
what's up with bashing FF? It's like you can't be a pro if you hang out in forums?

When i started out i frequent elite trader forums. The knowledge i got from there provided me with the structure. I had to rearrange them to what makes sense to me.

Your growth as a trader is no way affected by learning from the forums.
Not FF, but forums in general it was yahoo stock forums 13years back or something that messed me up.;

Clearstation was good, sadly gone recently 1 damn fine trader I learned from there, Quisp good chap.

I just think the risk of learning rubbish is to high so your better of working it out yourself from scratch.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #38
  • Jan 13, 2013 5:28pm Jan 13, 2013 5:28pm
Quoting Turveyd
Sadly Supertrader is right, many many years ahead, you'll first learn loads of BS and how not to trade of FF then spend years unlearning it all and unscrewing yourself up.

I started off profitable from the get go, then read forums wanted more and well soon turned into a loser damn forums.

So advice is stay of forums all together, DIY.

I'd say 99.8% aren't profitable on FF, as profitable people don't stick around, interestingly 99.8% claim they are profitable and doing great go figure.
Hi morning turveyd

I learnt a lot though from forums and will continue to learn something. Sometimes the real ones do come out here just for entertainment and some even help but that probably is about 1% in ff.

Picatchu: Don't just be a follower, be a synthesizer. Look at different ideas and form one yourself. Thats how you will develop.
  • #39
  • Jan 13, 2013 5:48pm Jan 13, 2013 5:48pm
The smaller the time frame the harder it will be to trade......(my 2cents)....
  • #40
  • Jan 13, 2013 5:53pm Jan 13, 2013 5:53pm
Quoting 4xPIPAHOLIC
The smaller the time frame the harder it will be to trade......(my 2cents)....

M1 gets a bad rep as you can drop to 20% win rate, but you can also get 80% win rate on the same note which then lets you make a lot of trades stacking up from 3% risk sometimes 10% account growth in 30mins, downside you can lose 3% in 2mins.

Trade with H4 via the general 200pip SL and it rapidly becomes a 50/50 game and days between trades, your still losing just very slowly, downside is if you get good you'll only be able to profit very slowly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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