I have an appeal i am stuck in too much losses

Since samekhan refuses to answer, I have surmised he using support and resistence as a basis for his decisions. I do not know what else he is using maybe he will reveal it shortly...

I am quite impressed with the cvds16 fundemental call.

ES
 
ElectricSavant said:
Since samekhan refuses to answer, I have surmised he using support and resistence as a basis for his decisions. I do not know what else he is using maybe he will reveal it shortly...

I am quite impressed with the cvds16 fundemental call.

ES
More...
yes sir i use support and resistance and when my first big lot trade goes wrong i trade an opposit direction and all messed up and now i am in so so much trouble please help me
 
ElectricSavant said:
Folks,

While we are waiting for samekhan to answer my questions I would like to make an early comment.

This is exactley why these dealers operating outside of the USA without regulation are restricted from soliciting clients in the USA. You can see by offering these unbelievable leverages how a gambler can drop 5k or 10k in a very short period of time. This is a nightmare for samekhan and I blame the dealer partly for allowing such a thing. Taking money from the new meat quickly verses fostering long lasting trader/client relationships seems to be the business model of most dealers.

ES

P.S. For advanced traders huge leverage ties up less of your capital and I understand the benefit...but this thinking is only for you... not novices.
More...

Tried trading forex in a demo account and the bid and ask spreads are quite wide in pips. Enough to make it a challenge trading any currency pairs. I suspect the currency brokers are just churning the accounts of majority of currency traders and making big monies at it! No difference when the market makers put their bids at say $1.00 and asked $4.00 in stock options premium prices. This has happened with me multiple times when I traded stock options. The market makers bid the option prices to the bottom then, raise it high the day after when they have hooked a couple of suckers to their games!
 
He doesn't want advise, he just wants confirmation of what he is going to do is the way to go, he does not want to hear anything else.

His plan is to wait for a few day's until EUR/USD reached a higher price and then close his buy positions in the hope the market is going to go down so that he can recover at least 70 pips.

In private i advised him to close all positions now instead of going to gamble in the future.
If he wants to gamble he is better of in the casino, his odds of winning there are probably higher.
 
Here's exactly what you need to do. Close your eur/usd position, but keep your gbp/usd buy open. Right now buy at market gbp/chf 0.05 lots, buy eur/aud 0.05 lots
Enter limit orders- sell order usd/cad 1.2924 lots 0.05, gbp/jpy buy 146.86 lots 0.05, usd/jpy buy 109.54 lots 0.05, eur/chf buy 1.1592 lots 0.05
 
So you finally got your answer, the problem is that to make your money back using viable money management (reasonable size) it's going to take 7 months to make that money back. You have to make 100%, that 7 months is with everything going perfect and it never does. Sorry.
 
paulchaney said:
Here's exactly what you need to do. Close your eur/usd position, but keep your gbp/usd buy open. Right now buy at market gbp/chf 0.05 lots, buy eur/aud 0.05 lots
Enter limit orders- sell order usd/cad 1.2924 lots 0.05, gbp/jpy buy 146.86 lots 0.05, usd/jpy buy 109.54 lots 0.05, eur/chf buy 1.1592 lots 0.05
More...
Change the sell usd/cad from a limit order to market order.
 
TheBigShort said:
LOL dude you sound like a young guy who has lost all his savings trying to trade the market....nothing wrong with that. Pack up your bag and move on. Everyone experiences draw downs that make them doubt themselves. You have 2 choices. Stick with it and lose more money (eventually you will come around if you LOVE finance) or second you can give up the dream of "financial freedom", "passive income", "living the fast life with super models and lambos with only 2 hours of work a day". Lots of easier ways to make money in life. For example the guy who sold you the forex dream is probably enjoying a nice margarita in jamaica right now.
More...
Trading is not the only way to become financially independent, what about working hard, reducing your immediate consumption, save, and then buy apartments to rent them. Most conservative and safest way especiially if you live in large city.
 
You must log in or register to reply here.
Back
Top