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EURUSD

  • #754,621
  • Feb 6, 2013 12:45am Feb 6, 2013 12:45am
Quoting Fxnewdeal
Think about people with only 100$
Not everybody can afford such load of money dude
Agreed. However, I don't see how anyone can seriously hope to make reasonable money with an account size less than £1000. Very few brokers will allow you to trade less than £1 per pip and even with a stop loss of 20 pips, they will require a margin of at least £200
  • #754,622
  • Feb 6, 2013 12:46am Feb 6, 2013 12:46am
Quoting math_GB
Talk dirty to me big boy...!
Knew you'd love it
  • #754,623
  • Feb 6, 2013 12:47am Feb 6, 2013 12:47am
Yeah, agree. Demo is good to capture the basic technics, but one can play around with $100 just to see how it's easy to loose money.

Quoting Fxnewdeal
It's all about psychology and good MM.
Even a bad trader with good MM can make it.

And demo account is not the best thing for the psy part....unless you have a very strong psy level
Those who know don't talk. Those who talk don't know.
  • #754,624
  • Feb 6, 2013 12:48am Feb 6, 2013 12:48am
Quoting Fxnewdeal
Knew you'd love it
  • #754,625
  • Feb 6, 2013 12:49am Feb 6, 2013 12:49am
featherweight ko's:
Inserted Video


heavyweight ko's:
Inserted Video


the result is the same but the force is going to be that much greater.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #754,626
  • Feb 6, 2013 12:53am Feb 6, 2013 12:53am
took a small long on the bounce, but mainly waiting for the main event tomorrow
  • #754,627
  • Feb 6, 2013 12:53am Feb 6, 2013 12:53am
Quoting alanadek
Hi All,

I was wondering, if you have 100 euros on the account.. how much will you use for trading? 10%? 50%? all in per trade?

I think approx 5 to 15% would be good, but than again.. if the trades going the right way, i always think bah(emotional reaction which is bad in trading) i should have used all the money for this trade...

Nevertheless, stick to your own rules...

So, how much do you use related to your max balance? 5%? 10%? 15%? 25%? 50%? All in?

Cheers!
1%

the average trader has 6 losing streaks. if your SL is at 100 pips, then it brings down your $1000 capital to $560ish by the 6th losing trade.

the max losing streak is 30 (1 in a million)

if you can make timely SLs, not just cutting losses fast, then 1% will be a decent protection. if you cut losses too fast, then you are better off with 100pip as SL, coz you will just be making your broker richer every time you close.

letting winners run, is one thing. making timely stoploss is a lot more trickier.. good luck.

my suggestion, do not go live unless you have doubled your demo account worth $1000 (only). and if you cheat, you will only be cheating yourself... good luck again!
  • #754,628
  • Feb 6, 2013 1:02am Feb 6, 2013 1:02am
Thank you all for the answers related to % trade per account balance! Much appreciated! Ill go for 1 to 2% at the moment.
  • #754,629
  • Feb 6, 2013 1:03am Feb 6, 2013 1:03am
Quoting math_GB
Talk dirty to me big boy...!
lmao
  • #754,630
  • Feb 6, 2013 1:03am Feb 6, 2013 1:03am
Quoting math_GB
With you on this one... I am watching the hourly close @11:00 and 12:00 UK time 1.3545 and above good 1.3572 and above extremely good
It tried but failed so next hourly close is essential to close above it for the bullish direction of the day.

GL

Edit: I do miss him
  • #754,631
  • Feb 6, 2013 1:06am Feb 6, 2013 1:06am
Quoting Vectamart
Agreed. However, I don't see how anyone can seriously hope to make reasonable money with an account size less than £1000. Very few brokers will allow you to trade less than £1 per pip and even with a stop loss of 20 pips, they will require a margin of at least £200
You're not really saying saying much to help the little guys here. Strict MM is of huge importance when you're starting out, everyone needs to start somewhere.
  • #754,632
  • Feb 6, 2013 1:08am Feb 6, 2013 1:08am
Strong resistance around the main pivot point. We need to see a confirmed penetration of the PP before going long again. Then we should go all the way to 1.3590 and in turn, to 1.3629
  • #754,633
  • Feb 6, 2013 1:09am Feb 6, 2013 1:09am
Quoting Vectamart
Agreed. However, I don't see how anyone can seriously hope to make reasonable money with an account size less than £1000. Very few brokers will allow you to trade less than £1 per pip and even with a stop loss of 20 pips, they will require a margin of at least £200
Who said that! I put $3000, i was flattened, i put $1000, i went down, i placed $600, i was slammed, i downsized to $100, i was punched....then i added another $100, i doubled it, then i tripled it(it was hard-work here), then when it reached $500, i added more $500, then i went up from there...

of course i had to be punched to learn...and although i am not so profitable, i recovered my $4800... adding on my profits whilst learning.
So...not everyone looses on a $100 as long as they choose to to. With Fanaticism, Commitment and Self discipline, they can make it.
  • #754,634
  • Feb 6, 2013 1:13am Feb 6, 2013 1:13am
Quoting brio
Good Morning Mates!
PA behaviour seems it want the bear........1.3495 on my card! lol!
*just saying*
1.3545 if rejected then we can see 1.3495!
Maximizing your potentials!
  • #754,635
  • Feb 6, 2013 1:18am Feb 6, 2013 1:18am
Quoting alanadek
Hi All,

I was wondering, if you have 100 euros on the account.. how much will you use for trading? 10%? 50%? all in per trade?

I think approx 5 to 15% would be good, but than again.. if the trades going the right way, i always think bah(emotional reaction which is bad in trading) i should have used all the money for this trade...

Nevertheless, stick to your own rules...

So, how much do you use related to your max balance? 5%? 10%? 15%? 25%? 50%? All in?

Cheers!

Keep your money. Trade demo account. There's nothing you can learn from the market about money management. At the end, it's all about you.
  • #754,636
  • Feb 6, 2013 1:18am Feb 6, 2013 1:18am
morning all. watching 3498 for longs
  • #754,637
  • Feb 6, 2013 1:20am Feb 6, 2013 1:20am
This morning the PA is a mess.
No good trades yet. No good setups for a big rise or fall
  • #754,638
  • Feb 6, 2013 1:23am Feb 6, 2013 1:23am
3485.
  • #754,639
  • Feb 6, 2013 1:27am Feb 6, 2013 1:27am
careful with longs.
  • #754,640
  • Feb 6, 2013 1:29am Feb 6, 2013 1:29am
Quoting attila
careful with longs.
Morning mate...! I am getting worried about you, you need to relocate mate...
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