DislikedIf you stick to 2% risk you allow yourself many more chances to earn. Really do the math $2000 account, trading a mini account you can add to your account at a decent rate. You will not win the fxcm monthly contest, but you'll be around for next month!Ignored
Forex Made Millionaire Thread for Blog Swing Trades
- #1,627
- Edited 5:37am Feb 26, 2016 5:14am | Edited 5:37am
Hi Rurozan,
I can totally empathise with you, I've been trading for about 6 months and just about blown an account of 1000 dollars (aud), it took me a while to get this money together from overtime in my job and I didn't look after it - I'm not too sure why either as it wasn't easily earned - so I shouldn't have easily let it go!
Anyway, thanks to Geppy and everyone on here who freely gives their advise, for the first time in my trading life I have 2 weeks in the positive- thanks everyone, it's not easy starting out as you probably know, but having someone there, really helps - thanks
I'm not only seeing the right set ups but learning as well which is awesome, thanks everyone!
All I can say is (as a complete novice - sorry !) is stick with it, hopefully it'll work out for you with a bit of help from these guys!
I can totally empathise with you, I've been trading for about 6 months and just about blown an account of 1000 dollars (aud), it took me a while to get this money together from overtime in my job and I didn't look after it - I'm not too sure why either as it wasn't easily earned - so I shouldn't have easily let it go!
Anyway, thanks to Geppy and everyone on here who freely gives their advise, for the first time in my trading life I have 2 weeks in the positive- thanks everyone, it's not easy starting out as you probably know, but having someone there, really helps - thanks
I'm not only seeing the right set ups but learning as well which is awesome, thanks everyone!All I can say is (as a complete novice - sorry !) is stick with it, hopefully it'll work out for you with a bit of help from these guys!
- #1,637
- Feb 26, 2016 6:54am Feb 26, 2016 6:54am
Data coming up: German Feb CPI and US Q4 GDP/PCE
It's beena busy data calendar today and there's more on the horizon
First up is the German CPI at 13.00 and the regional normally give us an accurate clue. That clue today is softer than expected readings and that's helped to the euro sales so far.
Here's the forecasts:
Then at 13.30 GMT get the latest US GDP reading and, as importantly, PCE/personal consumption. With markets in Fed hike hype mode we'll expect a knee jerk on anything wide of the mark.
USD currently a real mixed bag with currencies having their own agenda and expect this to continue playing out.
It's beena busy data calendar today and there's more on the horizon
First up is the German CPI at 13.00 and the regional normally give us an accurate clue. That clue today is softer than expected readings and that's helped to the euro sales so far.
Here's the forecasts:
Then at 13.30 GMT get the latest US GDP reading and, as importantly, PCE/personal consumption. With markets in Fed hike hype mode we'll expect a knee jerk on anything wide of the mark.
USD currently a real mixed bag with currencies having their own agenda and expect this to continue playing out.