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FredPro
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Hi guys just joined and look forward to getting to know you. Fred.
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Swap you my dog-faced 6itch system, 3000 pips without loss, for your 10yr winning system Roztom, as long as it's not some robotic piece of spewtum. Also it better not be your profitable 10 wins from 12 trades :crap: system either Happy trading!
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I've read a couple of your rants, 'Buy My Trading Strategy - It's Brilliant!!' and your latest post 'The 7 Shades of Trading Bullshit'. And while I agree with them in general just a few points I'd like to discuss. I see you fail to mention the latest scam, the robot / EA. As one programmer on LinkedIn claims, trades 24 hours a day, made 3000 pips over 15 months without a loss, yours for only $29.99 or some ridiculous price. Buy it today and you can lie in bed pulling your pecker and become a multimillioniare, now hows that for a orgasm!!! Just wondering if this is this just an oversight on your part or are you a member of the robot fan club too, a believer in the all-powerful, hallelujah, praise the lord, I've seen the light sensation. Secondly, trade to trade well, now no offence but that really is some American style bullshit. If you can only win by trading ugly, then you should trade like you married a dog-faced 6itch, (yes I trade real, real ugly). Your rants also seem to infer that most new traders come in to trading with the 'gonna make godzillions' mindset, but the vast majority come into the forex just to make a few extra dollars and maybe learn to trade as well, but if they do they'll be the lucky few. I leave you with this question? If you had a choice between making millions while being a bad, but lucky trader (no worries, you don't have to marry a dog-faced 6itch) or make pennies while being a good trader, which would you choose. If you chose the latter, your not just in self-denial you're as thick as those who the rants are aimed at. Happy trading!
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Br88dy, if it was 2% of price action that you needed to achieve, ie 316 pips, nobody would be trading the forex, lol. If you're using a 2% compound trading system then the 2% you need to achieve is always of your compound balance at the time you place your trade. Therefore, if your compound balance is at $70 then your target is: $70 multiplied by 2% = $1.40, which at $1.00 per pip = 1.4 pips. Always remember it's your balance that governs your target. Is 2% achievable yes it is. However as fxtrader12 wrote, without a good trading system even 2% can seem like reaching for the moon. Happy trading!
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I totally agree with you fxtrader12, you can't win anything without a good strategy. And there are plenty for free on this and other FX forums. I was just trying to explain that there is also more than one way to trade on a small account.
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No, not 35%, at that rate you'll be putting up $17.50, over 1/3rd of you deposit to win $1.00, that's the way of madness my friend . A 2%-3% trade of capital and a .35% risk factor is one of the unwritten rules that is consider to be good trading etiquette by most experienced traders. If most new traders followed this advice, then although they may still lose, they wouldn't lose everything before they could get some experience. However try telling them that! :bang head:
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Sixcoins, the problem is that you are going about it the wrong way. First, there is little volatility in USD/JPY, for me, the best pairs are EUR/USD and GBP/USD, however the GBP spread is slightly higher. Second, instead of trying to get lucky and win big with a small deposit, you need to use a compound trade. This also gives you easily attainable targets to aim for each day. Example, starting with a $50 dollar account, 2% compound trade and 0.35% risk. day 1 target is - $1.00, risk - $0.18 balance $51.00 day 2 target is - $1.02, risk - $0.18 balance $52.02 day 3 target is - $1.04, risk - $0.18 balance $53.06 ---------------------------------------------- day 10 target is - $1.20, risk - $0.21 balance $60.95 ---------------------------------------------- day 37 target is - $2.04, risk - $0.36 balance $101.99 ---------------------------------------------- day 100 target is - $7.10, risk - $1.24 balance $362.23 ---------------------------------------------- day 365 target is - $1,350.40, risk - $236.32 balance $68,870.41 That's just at 2% compound, if you were to add just another 1% to your compound figure the total would then be a staggering $2,424,136.23. That's after 13 months trading and believe me there are hundreds of small traders like yourself who have been trading for longer than 13 months, and everyone of them wish they had done this 12 months ago.:crap: Hope this helps. Start small but think big - compound it!!!
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I don't want to brag or anything like that Khamore1, but I believe I have the most ludicrous trading system ever. Why? Because it works and boy does it work. Trading just 2 pairs, EURUSD and USDCAD and 3 timeframes per pair, 15m, 30, & 1h. I amassed over $11,000 dollars at 1:1 leverage last week and already have over $3,600 this week. Holy Grail, NO. But the system is definitely 'efficacious to price movement'. To all you naysayers who ripped into me when I said before :haha::haha::haha:
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Just a Simple System That Needs Checking
FredPro replied to FredPro's topic in Swing Trading and Position Trading
sorry don't seem to be able to get the image to upload with screencast. The image is at Stochs_P_T_001 - FredPro1's library. Can anyone help with this problem. Thanks -
I have been working on this system that uses Stochs and a MA for entry and exit signals. Any helpful comments welcome.
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Hi Pa18, found out that there are two types of notaries in the UK. The public notary, who charges £185.00 an hour and a Commissioner for Oaths who charges are set by law at a full £5 for the whole thing. Solicitors eh, it's a wonder they don't have a bad name.
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Thanks Siuya, did as you said, spent the day trying their desktop platform, so have decided to use the this for trades and MT4 for analysis.
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Hi Pa18, the £185.00 quoted by two different local solicitors. Have been demo trading on MTB ECN MT4 and there seems to be little to no difference from Alpari's MM MT4 version, maybe it's me but I did expect a new experience. I was considering using MT4 to analyse and use desktop pro to place trades. Anyway, thanks for the info mate it has been noted.
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Hi, nice to meet you all. Have been demo trading for about 12 months now and have decided to go live. I chose Dukascopy originally but wasn't willing to pay £185.00 an hour for a public notary on a small account. So have opened an ECN account with MBTrading. I haven't made a trade yet as can't decide whether to use MT4 or MTB's proprietary system, desktop pro, any advice here gladly taken. I thought ECN Brokers worked on commission but they also have a spread too. So am I right in believing they charge both a commission and a spread. Look forward to reading your messages folks to see where you went wrong and where you went right, hopefully, with your advice I can get to the latter stage without losing to much on the way:confused:.