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Old 05-19-2008, 09:52 AM
rrram2's Avatar
rrram2 rrram2 is offline
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Join Date: Apr 2008
Location: Goochland VA
Posts: 1,621
Default Signals are great if they are consistant

And you use them to learn how to trade (think) for yourself.
Blindly accepting signals without any thought or analysis related to "WHY"
those signals are what they are is useless in the long run.

It is true the banks have made consistantly more profits over the years for their forex trading. You know why right?
They are SMART about managing their margin and maximize their leverage,
and they don't set tight SL's.

I increased my account 33% last week because I smartly managed my margin,
maximized my leverage and used NO SL's. SL's are for losers and I don't recommend anyone TRADE without SL's because in many cases you will LOSE more money than you would have if you cut your losses short.

There are all sorts of theories as to what works and what doesn't.
Thinking you have some inside info (newsy crap) that everyone doesn't already know about is foolish.

Thus far I have not been impressed by your signals.
And before I would trade real money based on those signals I would still NEED to do an in depth analysis as to the feasability of profiting from the trade.

I usually only trade GJ, but EJ is my old freind, however I prefer GJ as it moves more wildly and pays interest on longs.

Last edited by rrram2; 05-19-2008 at 10:02 AM.
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