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    Need advice on trading and money management technique

    I would say if 2% per day is not enough then go direct to the casino. Really, it is better to move ahead steadily rather than over leverage your account. Everyone is different and if you system is pretty good then this is what you are leveraging. So, think about protection. I trade Forex...
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    What do you believe to be an acceptable yearly return?

    This would depend on several factors: - how much investment money you have ($100 - $100,000,000) - how much risk you expect to take - factors like age (how long do you have to make it) If you have a large investment capital then growth is not as important as safety so you would dial the...
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    price movement

    I think it depends on your market. Stocks have a tendency to move up slow and down fast so here two strategies would be better. Forex is like two stocks competing so up and down are similar. It may still be worth a look to take data into Excel and prove or disprove this assumption.
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    How would you rate a trader based on his profit factor ?

    You have to consider the win / loss ratio and the draw downs along the way. Most favorable is: - a high percentage of winners. - low draw downs - consistent gains - each time period is net positive - controlled and minimal amount at risk I don't think there is a spreadsheet that you...
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    Position sizing

    The position size is set in my trading and tied to the account size. As the account grows the ratio is kept the same. If you have a set of signals that have higher probabilities then increasing your position size could make sense. More important than position size is RISK SIZE. Each...
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    -Trading mistakes-

    Chasing a trade....trying to make it work when it isn't working. Doubling up to make up for previous losses. Trading too large a stake. Stop Losses set too close. Stop Losses set too far. Following a signal service.
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    Any good brokers with API?

    I believe you may be right and this is the deal with Oanda.... I think FXCM has an API as well. If someone has better info than I do then please post the particulars. Also forexsystembuilders on a yahoo group is working on an API there is one posted by Takeo there that is a work in...
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    Is there any interest in a platform to auto trade FOREX

    I have been requested to find the interest in a mix between AmiBroker and the MetaTrader interface. In the end one would develop the system in AmiBroker and the live Forex data will come from MetaTrader and then it would be able to place trades, stops, limits, check account size etc. This...
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    Any good brokers with API?

    CoesFX has an API for free. FXCM has one for $600 a month...which can be reduced by your trading activity.
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    Opening account at CoesFX..any input

    I am looking at opening an account with CoesFX. The sales stuff looks good but has anyone here traded with them or have any info positive or negative about them to share before I sign up? Thanks for your input. Steve aka forex5x
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    AIG up on bad news?

    By the time you get the news it is old and has been assimilated into the price. Also, there are people that talk it up or down to get the movement they need to either enter cheaper or exit profitable. In general...."the news is to confuse."
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    references for a wannabe trader

    Take some time to demo trade. At first trade like crazy to get the idea of the edges...blow out your account by pushing your margins so you can see how that unfolds, overtrade large positions, try trading just one position at a time, work to double an account in a month... There are three...
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    GET RICH QUICK BABY! Need your criticism...

    Part of the problem you have is using too much of your margin. But since this is hypothetical and not totally based in reality...lets try this. What we know: Account size it $60,000 max initial positions is 30 takes $2k to add a position What we will assume: the value of the trade...
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    GET RICH QUICK BABY! Need your criticism...

    Take a look at the Forex market...where you can get up to a 400 to 1 leverage. Most use 100 to 1 but if you want to put it all on the line and make the big score this may be a way.
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    What Does " Risk" Mean Here ?

    100,000 risk % = 2% = $2,000 Amount to risk per trade maximum $2,000 cost per tick or pip = $10 One big position Stop loss set to 200 pip or tick units = $2,000 loss maximum --- OR ---- Several small positions Stop loss set to 50 pip or tick units = 50 x $10 = $500...
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    Condi rally.

    Maybe not if you look at Black box voting. org.... Here is a snip from the site: - - - - - - - - TUESDAY MAR. 8, 2005: Investigation Update (Submitted to members of the House Judiciary Committee on Mar. 4 and Mar. 8.) In mid-February, Black Box Voting, together with computer experts...
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