Founder of Sutherland Wave Principle
- #1,113,581
- May 30, 2017 5:18pm May 30, 2017 5:18pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
- #1,113,582
- Edited 5:32pm May 30, 2017 5:20pm | Edited 5:32pm
- Joined Mar 2015 | Status: Trader | 1,445 Posts
So is anyone in the USA using a broker other than OANDA who has higher leverage who is comfortable with there overseas broker. ?
Only start with about 20x-30x max, if that. Hold a percentage of the value of the account in free cash for if you wipe out greater than 100% loss. So for a 20x account, hold twice the amount outside. For a 30x, hold 3 times outside and unused.
The first name of the game is survival. Live long enough to learn yourself and follow the rules.
I'd basically say:
*Many(?) years of learning
*Then about a year of demo on your system
*Then trade the 20x amount.
*Set a goal for account size. If you hit that, then move to a foreign with higher leverage available.
*WHATEVER YOU DO BE CONSISTENT and PERSISTENT! give yourself the time, opportunity, and chance to be consistent.
**As long as your system is logical, HOLD on to the image and ideal of what you want to do/be in your mind and stick with it, even when it gets tough - as clich as that sounds... Haha
Ok, sorry getting off the soap box here but I wanted to mention this to any noobs because this seemed to have REALLY helped me out so far- hopefully this helps someone else as well with their regular development.
A last part of my point: just start! When I started, I used $200 and 600 in a saved account. Then I used about 30x max like I said. But the thing was, I needed that there just to start. But if you never start and always are waiting for it to be perfect, you will NEVER know what you can create - or have any cool stories... Right?
- #1,113,586
- May 30, 2017 6:54pm May 30, 2017 6:54pm
- Joined Mar 2017 | Status: Working smart and hard | 2,949 Posts
This is not investment/trading advise. Will not hold accountable for loss
- #1,113,587
- May 30, 2017 9:58pm May 30, 2017 9:58pm
- Joined Jul 2008 | Status: Forex4Ever | 2,190 Posts
- #1,113,588
- May 30, 2017 10:07pm May 30, 2017 10:07pm
Trading is art Many experience traders lossing his money Why??? Because they only be the follower Changing your mindset And Finding who you are Managed your balance And Don't be greedy Good luck
- #1,113,589
- Edited 10:27pm May 30, 2017 10:17pm | Edited 10:27pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,113,590
- May 30, 2017 10:32pm May 30, 2017 10:32pm
- | Joined Sep 2013 | Status: Trader | 2,240 Posts
- #1,113,591
- May 30, 2017 10:32pm May 30, 2017 10:32pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,113,592
- May 30, 2017 10:39pm May 30, 2017 10:39pm
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
- #1,113,593
- May 30, 2017 10:56pm May 30, 2017 10:56pm
- Joined May 2016 | Status: Clueless | 6,896 Posts
Turncoat Support at 1.10 must and will be tested.. Only a matter of time 
- #1,113,594
- May 30, 2017 11:06pm May 30, 2017 11:06pm
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
- #1,113,595
- May 30, 2017 11:07pm May 30, 2017 11:07pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Turncoat Support at 1.10 must and will be tested.. Only a matter of time
Member
- #1,113,596
- May 30, 2017 11:13pm May 30, 2017 11:13pm
- Joined May 2016 | Status: Clueless | 6,896 Posts
{quote} 1.10 . Long way down. Set the alarm for the next week
.. tricky day today
month - end always ends a few accounts
- #1,113,600
- May 30, 2017 11:21pm May 30, 2017 11:21pm
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} got a long clock set T
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