Search results

Yes, in a forex account trading is always involved in leverage. But I set my leverage level so that if market goes against me, my risk is tolerable before my system send an exit signal. I have been shorting euraud for 2 weeks. But Friday was the biggest one day gain...

euraud not tolatile enough? You must have some misunderstanding on volatilities. euraud is the most volatile instrument on Friday,much more volatile than crude or index futures. I made one day gain of 600% on Friday on euraud. It is about drawdown, position size. If drawdown is small, you can...

AUD and NZD are strong, ERU and GBP are weak. So short ERUAUD, ERUNZD,GBPAUD,GBPNZD are all better picks.

New bie? You need to learn basic in forex trading. You long AUD and short NZD? Both of them are strong. Albeit one is stronger than the other, but the difference is so small . In forex you long the strongest and short the weakest(which is a common knowledge). Such as short ERU/AUD, which is...

One of my friends likes to gamble at casinos. Once he gambled with $200 and made it to $50000 in two months. Then the third month he lost them all. He asked me why he was successful in gambling small amount of money but failed at gambling big money. Well, define "successful". For trading I would...

FTMO is not a forex broker.

MT5. I only need chart bar to be clear and accurate. MT5 satisfy this.

Of course one needs to set stop. But that makes most people hard to make money, I mean consistently. For example, if there is a chart pattern which has a 85% chance going up. Then after you set stop, the chance that you win is reduced to 50%.

No,no. This is very important issue that many people ignore. Do you set a stop? If you don't, then even you have 90% win rate, you could lose money because the 10% you lose could cost your entire account. If you set stop, then those trades which go down before they go up have good chance...

OP was not talking about odds on any trades. He was asking how people figure out which trades go straight up, and which trades go down before they start to go up.

I don't think you understood OP's point, nor mine.

If I flip a coin and I want a head, but sometimes it is head, sometimes it is tail. How do you fight with this?

Of course the prop firms have risk IF their infrastructure has flaw. Funding talent and recently DT4X did both bust. https://dt4xtrader.com/ The model is that they generally bet against new traders until traders prove they are consistent winners.From there they change their bet and even follow...

If you guys watched the video then the facts the video provided clearly indicates there have been large number of consistent traders stay in their live funded accounts. I will take November number as example(Oct number was abnormal): Fact 1:November only 3-4 traders reached first profit split...

I am daytrading ES and eur/usd. The most rewarding and least risky method for trading ES is to trade market open, when market is most trendy of the day. But EUR/USD is much easier and rewarding than ES. Forex generally is more trendy and more technical in nature. I can trade eur/usd since...

Because regulated brokers charges 6 times higher spread than offshore brokers and they offer no protection for your fund if they go broke. The 6 times higher trading cost means if you daytrading with a regulated brokers for one year, your accumulated trading cost will be more than your entire...

I don't think this is a shitty business model. Are those gamblers placing big bet at firm's risk shitty? I have seen too many traders trading hundreds contracts on one order,hoping to pass challenge in 10 minutes. If these guys get funded,they will make big bet with firm's capital. So either...

The interesting thing is the failure rate among those who trade new live accounts are higher than those who trade phase one.That means those who are newly funded immediately place big bet in order to make big money at firm’s risk . I always suspected traders who reached consistency is lower...

Myforexfunds statistics: October New live accounts: 3544 Passed phase one:18% Passed phase two: 31% of traders who passed phase one. Reached first profit split: 4% of traders who passed phase two. So 2/1000 of new live accounts reached first profit split. November: New live accounts: 5718...

There are stupid people who think other people are stupid.