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I'm betting the farm on forex

  • #21
  • Jan 13, 2015 11:09pm Jan 13, 2015 11:09pm
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  • #22
  • Jan 13, 2015 11:27pm Jan 13, 2015 11:27pm
Live your life to the fullest, dont live in fear, follow your dreams...... you will make many mistakes and thats fine, you might loose it all, thats also fine, most succesful people have lost everything atleast once, learn as much as you can. Because you were willing to risk everything for forex, in the next years to come, maybe 2 or maybe 10 forex shall reward you beyond your wildest imagination only if your passion for it is constant, you only live once so dont let fear and negativity keep you away from your dreams.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #23
  • Jan 13, 2015 11:43pm Jan 13, 2015 11:43pm
Quoting FerruFx
{quote} Go playing at the roulette would give the same result ... with far more fun
Now we know what ferru has been doing all this years, lol.. jk
Passion, Persist, Patience, Protect
  • #24
  • Jan 14, 2015 12:24am Jan 14, 2015 12:24am
Quoting FXEmpire
{quote} Now we know what ferru has been doing all this years, lol.. jk
MT4/MT5 EAs/Indicators/Alerts coder
  • #25
  • Jan 14, 2015 12:30am Jan 14, 2015 12:30am
It is not the amount of money you put on your account that count, it's just the leverage you use that will decide of your duration in forex, money mgmt is the key,
I used to enter the market with the minimal size, as the first trade could be impulsive, then increase position if in the right direction.
If we are not capable to win consistently with 0.01 lot, we will not be able to win with 0.5, 1, 10 lots......

good luck
No more Fight, the victory has come...
  • #26
  • Jan 14, 2015 1:36am Jan 14, 2015 1:36am
Quoting The Fool
Any young dude with any sense would be better off forgetting forex and learning to farm.
Master Your Setup, Master Your self. (NQoos)
  • #27
  • Jan 14, 2015 2:12am Jan 14, 2015 2:12am
So eh what pair are you betting the farm on exactly? I'm curious.

For the record, I don't think there's anything wrong with going all in. Its your money, you can do whatever you want.

I've personally got ~20k riding on one particularly boring eur pair myself.
  • #28
  • Jan 14, 2015 3:37am Jan 14, 2015 3:37am
Good luck to you young sir. I would be interested to know what your strategy is. But whatever it is expect it to be pulled apart on here. As long as you believe in it, go right ahead.
  • #29
  • Jan 14, 2015 4:17am Jan 14, 2015 4:17am
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  • #30
  • Jan 14, 2015 9:23am Jan 14, 2015 9:23am
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  • #31
  • Jan 14, 2015 1:20pm Jan 14, 2015 1:20pm
5k and make a living out of it? Nothing else?

Separate the account into multiple 50 dollars batch. And go for the Rags to Riches strategy.
COT: The precious data ignored
  • #32
  • Jan 14, 2015 1:51pm Jan 14, 2015 1:51pm
Quoting FerruFx
{quote} Of course he is ... No reasonable person would skip school to risk his whole life in something he just decovered ...
I didn't just discover this. I have been seriously studying it for 3 years.
  • #33
  • Jan 14, 2015 3:10pm Jan 14, 2015 3:10pm
It will probably take you another 4 years of intense chart observation to get there but it can be done with a bit of lateral thinking. Of course the rewards are immense but so is the effort. But then again, it is worth it if you can crack this game. Good luck.
The road to pipland is arduous and fraught with challenge.
  • #34
  • Edited 10:33pm Jan 14, 2015 3:34pm | Edited 10:33pm
If you have 5K to play with open 25 $200 accounts. If you have any talent at all eventually you will stop blowing them up and start living your dream. Open a single 5 k account and this thread will not lats long.....Best of luck
  • #35
  • Jan 14, 2015 3:46pm Jan 14, 2015 3:46pm
When you prove yourself use high leverage.....400 to 1 allows you double your account every 40 pips
  • #36
  • Jan 14, 2015 3:49pm Jan 14, 2015 3:49pm
Quoting PhilippineFX
When you prove yourself use high leverage.....400 to 1 allows you double your account every 40 pips
It sucks being in the US where we are only allowed 50:1 max leverage.
  • #37
  • Jan 14, 2015 3:58pm Jan 14, 2015 3:58pm
study the work of WD Gann
and the life of Jesus and you will find more clarity
  • #38
  • Jan 14, 2015 4:06pm Jan 14, 2015 4:06pm
Quoting myelbow4
{quote} It sucks being in the US where we are only allowed 50:1 max leverage.
High leverage will be your worse enemy ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #39
  • Jan 14, 2015 5:34pm Jan 14, 2015 5:34pm
Quoting myelbow4
{quote} It sucks being in the US where we are only allowed 50:1 max leverage.
US leverage at 1:50 is perfect. You can still get profits of 50% or more every week without fear of being wiped out as with higher leverage. I love it. Never got a margin call.

Back on topic, myelbow4, I wish you luck, but I do suggest maybe risking half your account at first. Or trade a $50 account while working Mc d's or dropping out. If you can double that, then you'll be able double your life savings. Not before.
  • #40
  • Jan 15, 2015 3:42am Jan 15, 2015 3:42am
Quoting bodypip
{quote} For me is a Grilled Onion Cheddar Burger, please ... and good luck
I forgot ... I want chips also.
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