EUR/USD & GBP/USD & AUD/USD Forex Trading
- Thread starter increasenow
- Start date
Just kidding.
I've never tried to hide the size of my trades. Rarely do I place trade size above $1.00 per pip. I spelled this out back in December. So, when I pull 50 pips, it's $25, generally.
I'm not a big sword rattler, my income comes from a family owned business. At some point, hopefully, I may reach the levels you guys play at. Until then..............wait, I feel a song coming!
I've never tried to hide the size of my trades. Rarely do I place trade size above $1.00 per pip. I spelled this out back in December. So, when I pull 50 pips, it's $25, generally.
I'm not a big sword rattler, my income comes from a family owned business. At some point, hopefully, I may reach the levels you guys play at. Until then..............wait, I feel a song coming!
Off topic, but I've been following this thread for a little while now and have a question for the FOREX traders. Specifically for cable (no offense to the others, but he seems to be consistently profitable and mature), but please, feel free to chime in everybody else.
Do you use any type of fundamental analysis whatsoever with your forex trading? If yes, why? If no, why not? Just curious...
Your reply is greatly appreciated.
Do you use any type of fundamental analysis whatsoever with your forex trading? If yes, why? If no, why not? Just curious...
Your reply is greatly appreciated.
lol, oh god he's going to start singing......
No problem with $1 a pip, I'm serious, you know yourself you can scale up any time you like as long as the numbers are right. In the scheme of things I don't trade big size, there's always someone bigger and better so I stopped bothering about it.
I've always said if a trader can't make consistent money with a small account then increasing it isn't going to help! Better to find out with a few thousand rather than a few hundred thousand.
People who swagger about money are a pet hate of mine, I can't think of one truly wealthy person who talks about how much money they have or make, most of the ones I know (not many!) are always banging on about how much money they saved buying something and what a great deal they got somewhere!
Thanks for the vote of confidence, some of these guys are better traders than me though I expect, it's all smoke and mirrors (and a bit of luck apparently!)
I do use fundamentals for longer term trades and then technicals for entries and exits. Having said that I'm not an economist and to be honest I don't understand half of it so I rely on the real gurus who have proved consistent over the years. I've found Bloomberg and Reuters are great sources for info about how the market is biased in the medium term or viewing upcoming data and it's potential impact.
For short term intraday trades (scalping) I'll use anything I can make use of if I think it can help!
How about you, what are you trading? Technicals? Fundamentals? Short/long term?
Quote from cabletrader:
Ok, and now you're showing exactly what I was talking about, inexperience.
Like I mentioned to you before but you didn't grasp what I was talking about, dollar amounts mean absolutely nothing in this context, besides which without audited accounts your claims should be taken for what they are, just unsubstantiated claims. In my experience people who like trying to boast about how many dollars they make and how big they trade usually turn out to be trading micro or mini acounts with a few thousand bucks. Nothing wrong with trading micro or mini lots and not something to be embarrassed about, we all started somewhere. Either way it's not impressive, just a bit childish in my opinion
As far as trading being 'luck' I think you're going to need more than luck to achieve consistent profitability!
Now if you want to discuss the merits (or otherwise) of rigid entries and exits, fine, I'll debate it with you.....
LOL
Not trying to boast.
Not trying to attack anyone.
Not here to sell anything whatsoever.
Your saying I have psychological problems because of rigid entries and exits. Your the one who made 90 something trades and got 3 wrong today right? Nice way to make yourself look cool
. Was that a result of dynamically entering and exiting the market? "People like you." That's more than childish. That's insulting.I couldn't resist comparing how many trades you make in a day, with your non-rigid decision making, with how many trades I made today. By no means was I trying to attack you/show off. I just wanted to compare a psychologically challenged traders stats to that of a scalper.
If you saw that as being childish, I am sorry. But I guess being 22 years old does make me a child looking at things from your perspective.
Good luck old man!
Quote from sakhter:
LOL
Not trying to boast.
Not trying to attack anyone.
Not here to sell anything whatsoever.
Your saying I have psychological problems because of rigid entries and exits. Your the one who made 90 something trades and got 3 wrong today right? Nice way to make yourself look cool
I couldn't resist comparing how many trades you make in a day, with your non-rigid decision making, with how many trades I made today. By no means was I trying to attack you.
If you saw that as being childish, I am sorry. But I guess being 22 years old does make me a child looking at things from your perspective.
Good luck old man!
Ummmm....yeah, ok.....
Like I say I'm quite happy to discuss the points I made in my previous posts if you want, but first you'll need to read and understand them, sonny.
I dunno, you kids.......
where do I pick up my royalty check for this thread still keep a 'clickin and a postin' without me here??? 