Recent content by kricka

Hi guys, there are so many good brokers overseas especially in the Forex market. USA is kind of restricted with a few big brokers. Hopefully this will change in the future. It has to do with regulations and one can wonder is this regulation procedure in the interest of the traders in the USA or...

Hi Doggyfx, do not know exactly what you are talking about. If you are talking about the robot all the information is on the website listed on my profile. There are no patterns but there are parameters that are changeable according to your own risk management preferences.

Choose the broker after you have decided which trading platform you would like to use. I use only ECN /STP brokers because of no trading desk trading against you, narrow spread and fast execution. Broker to choose is more of a personal choice when you have decided on the platform to use. MB...

Hi Al_Bundy, the demo account is just a testing ground for different RMM strategies and has nothing to do with real live accounts. The only reason I use it is to get risk management information. I am not trying to say a demo account is any proof of how successful a system or robot is but it does...

" Lock in the profit on the upside and minimize draw down on the downside "

Thanks bradypreston, I have tried out MSA and it's a very well made software. Still hard to use in " real time" live trading but a nice piece of software regardless.

When a trader is faced with the " out of sync " syndrome the only way to avoid eventually blowing up the account is proper money management. This is probably the most import rule a trader need to learn. And what kind of money management am I'm talking about? Account money management in...

Compounding can be used with very good results. The problem is to keep track on the size and to calculate this during trading is not easy. VisualRMM Interactive have a built in calculation on compounding. Have a look at some of their videos. Click here to watch the compounding Video

The trading plan must as we all know include money management to keep the loosing streak manageable. There is one problem though, the mind can play tricks on us, both emotionally and on the ego level. One thing is for sure, letting the mind take control of the so important aspect of manage...

ammo, I agree most new traders entering the scene don't know what they are doing. 3-5 years to get profitable is my guess. A lot of money spent for the education to become a full time pro trader. Most traders do forget, or do not have knowledge about the important aspect of money...

Keep your profit and minimize your loss. Money management video! Click here to watch the video

It's nearly impossible to be disciplined if you don't have a trading system that have some kind of forced money management principles behind it. To handle the brutal situations we get our self caught up in, when the market seem to be out to get us, is not easy at all. Even with many years...

It all depends! If we're on the loosing side, with heavy losses. I would like this If we're on the winning side, with a huge profit? I still would get the above, to lock in what I gained. Of course going places, beaches, good dining and easy living that comes with it, not bad at all!

jokepie, You mentioned you are not using risk management or "daily loss limit" anymore. My experience is that if you do not, it's just a matter of time before you are in that kind of position when emotions takes over. Suddenly you find yourself on a loosing streak and if the daily loss...

It all depends on your trading style and I agree there is not any difference on money gained, then on money funded the account. Nevertheless some traders do like to compound made profit when trading. They like to take more of a risk on the profit, then on the basic funds of the account. In a...