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Originally Posted by xmess7
Right now I average 100pips a day.
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Hey, that's a friggin' good result! Keep the good work
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Quote:
Originally Posted by xmess7
In that future I will not need 100 points a day. I may just need 6 points a day or maybe even less. I am totaly fine with that, especially when each point is worth $1000 LOL.
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Well...take into account the fact that while the FX is the most liquid market, if you're dumping $10.000.000 or more (leverage taken into account) in just a second you may pressure buyers or sellers and the market may move a few pips against you!
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I think the hard part is to get out of the low $$$ in your balance. I see many folks that have 1000, 4000, even 30,000 and they are very very carefull with their money management. In my opinion that is when you need to "risk" more. IF you get the hang of TRO's Price action approach you will basically NEVER LOSE AGAIN. So I agree, I need some sort of money management or better yet MONEY BUILDER. OK OK I'll stop I am ranting LOL.
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Well, the risk factor depends on the trader's personality. Some are more risk tolerant and shoot for the stars in order to make a killing, while others prefer to allow their account to stand a meteorite rain without suffering too much
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Hey have u done any trades??
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Well, I'm demo trading (I'm not entering the Gladiators' arena unprepared!). When I've got a few positive trades and I start to get consistent, I'll consider posting 'em. I'm gonna use the Horizontal Line method.
About the pairs I like, the JPY ones will do for me - they move so much that money can be made with small leverage!