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  • #1,058,861
  • Feb 25, 2016 5:34pm Feb 25, 2016 5:34pm
Quoting tashkent
{quote} floating loss over $300k {image}
Sorry to say this but thats just plain stupid.....

Forex is an exchange rate it changes everyday,who in their right mind holds a trade that eats 30% of your equity..
  • #1,058,862
  • Edited 6:56pm Feb 25, 2016 6:35pm | Edited 6:56pm
Quoting GoldNugget
{quote} Its based at times on issues of value,I mean when you even hit your million mark or even 500k..the real question you need to ask yourself what value have u created in society or evenwhat have you left for your kids.Surely a million is good but give a man a fish and you feed him for a day,teach em how to fish and you feed him for a lifetime.. and fundamentally sticking to a single source of income is just a receipe for disaster in this ever changing world..let alone the markets.
You are absolutely right. Anyways, you shouldn't expect too much from the idea to give "plans of how-to-do" to the people... you can watch it here on FF every single day, or looking at family relation things. What the father told gets to be approved by the son when he reaches a higher age and hopefully gained some experience, after the old one heaving died, it depends.

P.S.: I was wondering if anyone here rode that hog from 2008/7/31 up to now.
  • #1,058,863
  • Feb 25, 2016 7:09pm Feb 25, 2016 7:09pm
Just closed a long position at approx 14 pips. Should stayed a bit longer but I chicken out too quick
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Drawdown is more important than Account Size !
  • #1,058,864
  • Feb 25, 2016 7:09pm Feb 25, 2016 7:09pm
Quoting GoldNugget
{quote} Sorry to say this but thats just plain stupid..... Forex is an exchange rate it changes everyday,who in their right mind holds a trade that eats 30% of your equity..
greed and ego
As Above, So Below
  • #1,058,865
  • Feb 25, 2016 7:17pm Feb 25, 2016 7:17pm
Quoting tashkent
{quote} greed and ego
sometimes it's stupid hope for st that will not happen when it is desired to happen. and most accounts do not bear the needed patience for a failed entry.
  • #1,058,866
  • Feb 25, 2016 7:31pm Feb 25, 2016 7:31pm
Quoting tashkent
{quote} greed and ego
the problem with most traders is they spend too much time trying to be right which is wrong,we are in this biz to make money,if you wanted to be right all the time be an analyst..
  • #1,058,867
  • Feb 25, 2016 7:31pm Feb 25, 2016 7:31pm
Dear Fellow friends, I just want to ask a question.
If I have 1 Million USD , which broker do you think I should go ? , I don't think I want to put my money on a retail broker.
Please fellow members give me your opinion, based on personal experience.
Thank You very Much.
Biggest Mistake ? Over Leverage
  • #1,058,868
  • Feb 25, 2016 7:36pm Feb 25, 2016 7:36pm
Quoting sing2x
Dear Fellow friends, I just want to ask a question. If I have 1 Million USD , which broker do you think I should go ? , I don't think I want to put my money on a retail broker. Please fellow members give me your opinion, based on personal experience. Thank You very Much.
open your own brokerage
As Above, So Below
  • #1,058,869
  • Feb 25, 2016 7:37pm Feb 25, 2016 7:37pm
Quoting sing2x
Dear Fellow friends, I just want to ask a question. If I have 1 Million USD , which broker do you think I should go ? , I don't think I want to put my money on a retail broker. Please fellow members give me your opinion, based on personal experience. Thank You very Much.
If I ever have that kind of money. I would split my money between 4 different brokers. I would never put that much money with one broker. I am sure there are traders here who actually have million dollar accounts and they may give us better idea on your question
Drawdown is more important than Account Size !
  • #1,058,870
  • Feb 25, 2016 7:43pm Feb 25, 2016 7:43pm
Opened a long position @ 1.10512
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Drawdown is more important than Account Size !
  • #1,058,871
  • Feb 25, 2016 7:43pm Feb 25, 2016 7:43pm
Quoting GoldNugget
{quote} the problem with most traders is they spend too much time trying to be right which is wrong,we are in this biz to make money,if you wanted to be right all the time be an analyst..
lol. very true.
wrong, get out. right, utilize it.
As Above, So Below
  • #1,058,872
  • Feb 25, 2016 7:43pm Feb 25, 2016 7:43pm
Quoting procrude
{quote} If I ever have that kind of money. I would split my money between 4 different brokers. I would never put that much money with one broker. I am sure there are traders here who actually have million dollar accounts and they may give us better idea on your question
Really some trades makes millions with Forex?
  • #1,058,873
  • Feb 25, 2016 7:45pm Feb 25, 2016 7:45pm
Quoting elsensei13
{quote} Really some trades makes millions with Forex?
I think so ....
Drawdown is more important than Account Size !
  • #1,058,874
  • Feb 25, 2016 7:45pm Feb 25, 2016 7:45pm
Quoting procrude
{quote} If I ever have that kind of money. I would split my money between 4 different brokers. I would never put that much money with one broker. I am sure there are traders here who actually have million dollar accounts and they may give us better idea on your question
Yes please dear fellow members, If anybody have any experience with Forex broker that can handle big Money. I don't trust retail brokers.
Maximum I put on my broker is 50.000 USD. Splitting into many account is too much hassle for me, because I need to manage all of them, I was hoping just 1 broker or maybe bank that can handle that kind of equity safely and professionally.

Or Maybe I concern too much, and there's a retail broker that safe enough to handle 1-2 million account ? Please let me know based on real experience.

Any help is apreciated.
Thanks
Biggest Mistake ? Over Leverage
  • #1,058,875
  • Feb 25, 2016 7:54pm Feb 25, 2016 7:54pm
Quoting sing2x
{quote} Yes please dear fellow members, If anybody have any experience with Forex broker that can handle big Money. I don't trust retail brokers. Maximum I put on my broker is 50.000 USD. Splitting into many account is too much hassle for me, because I need to manage all of them, I was hoping just 1 broker or maybe bank that can handle that kind of equity safely and professionally. Or Maybe I concern too much, and there's a retail broker that safe enough to handle 1-2 million account ? Please let me know based on real experience. Any help is apreciated....
If you have anything over 100k,dont even trade forex with it unless that 100k is 10% of your income...market changes unexpectedly..
  • #1,058,876
  • Feb 25, 2016 8:05pm Feb 25, 2016 8:05pm
Quoting sing2x
{quote} Yes please dear fellow members, If anybody have any experience with Forex broker that can handle big Money. I don't trust retail brokers. Maximum I put on my broker is 50.000 USD. Splitting into many account is too much hassle for me, because I need to manage all of them, I was hoping just 1 broker or maybe bank that can handle that kind of equity safely and professionally. Or Maybe I concern too much, and there's a retail broker that safe enough to handle 1-2 million account ? Please let me know based on real experience. Any help is apreciated....
Wow asking for advice on FX broker and the replies are horrid. Don't trade FX over 100k wtf I know plenty of people that trade with WELL over 1mil FX SPOT.
In my experience I think the AUD brokers are best like Pepperstone or IC markets. Just make sure they are not a market maker and use a ECN model and you will be fine.

Unless you scalping short term under 1min trade duration, Then no one can help you.
All posts are my personal opinion
  • #1,058,877
  • Edited 8:23pm Feb 25, 2016 8:09pm | Edited 8:23pm
awhile back before i kept getting suspended by the 2 caped crusaders i mentioned low volume inside candles...i use volume for signals but i guess many people dont. alas it doesnt matter cause inside candles pretty much always provide a retracement target whether u use volume or not.

heres a pic of the daily eu....anyone looking long the red lines r targets.....now before i get stupid pm questions do ur homework....fire up ur platform and put horizontal trend lines at all inside candles at whatever timeframe u trade and ull pretty much be able to do without anyone here and their levels
Attached Image
  • #1,058,878
  • Feb 25, 2016 8:14pm Feb 25, 2016 8:14pm
back then i said this was the lazy mans way of determining support/resistance altho i dont think anyone caught on to my joke lol

stop tryin to complicate shit.... i was sayin whenever it was i joined here we'll either bounce or range but a comet will have to hit earth to reach parity lol
  • #1,058,879
  • Feb 25, 2016 8:18pm Feb 25, 2016 8:18pm
Quoting procrude
{quote} I think so ....
Sorry i mean if some Traders make millions here?

Trades of course
  • #1,058,880
  • Feb 25, 2016 8:28pm Feb 25, 2016 8:28pm
is the market sleeping
Drawdown is more important than Account Size !
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