My Demo Profits From Leasurly Trading

[Forex4fun]

I think I could do better if I concentrate more.

Pic of my progress:



Around 70% profit in 6 days work... You do the math...

[pro87]

good for you but this is still demo show us this when it`s real money )) it`s different demo and real money but i wish you success with your REAL money and results like this

[tonymand]

Just as long as you dont think you will make that live every 6 days. Nevertheless an encouraging start and gives you lots to build on. You dont say how long you have been trading but I certainly wish you well

[Forex4fun]

This is nothing special. I have done better then this, I have just deleted my old pics because I have logged the progess. Truth be told, this is what I usually get. Anything under 5% ROI per day is slow. There is usually at least one day per week when I make 15%+ ROI. I have been testing my system now for about the last 4 month and its exceeding my expectations. (Been demo trading for about 7 months). I plan to go live early next year. Also thank you for the compliments.

P.S. I shell post my progess with a live accont here also. (At regular intervals)

P.P.S. I will post a copy of my transcript of my next full week of trading. (This time i'll take it more seriously)

[prague-trader]

34 trades; 4 losses - averaging $104/trade with a $5k account.

Sure it's only a demo account but what a great start for Forex4fun's system.

An interesting comparison will be to perform similar trading activity using the same system over the same time-scale with a real $5k account.

[dpaterso]

That's excellent - well done.

Now - I interested to know what your answer is going to be if someone asks you to post your 'system' here.

Regards,

Dale.

[Forex4fun]

My "system" is rather lengthy (over 4 pages of details and data) and what most people would call overly complicated. I won't be posting details but the basis for it is trading the news using technical analysis. I use multiple charts (2-3) and multiple indicators (8-11) however my system is quite fluid and has a very high sucess rate.

Here is a pic of my charts:

[dpaterso]

OK - so then I'm confused.

Do you want to sell your system? If so - for how much? How do we get a hold of you?

Dale.

[Forex4fun]

I dont care to sell my system, its not worth the trouble. I'd rather just use it for my own personal gain. If this makes me a millionaire, then ill probably share it with fellow traders as it would then have some merit behind it. Right now I'm only demo trading so the real test will be a live account, however I seriously dought there would be much difference. I'll post my progess as I go along.

However, I must say trading the news seems to be the most effective strategy that has worked for me. I know most people here are scared to do so because of the progressively larger spreads as volatility go up. This is not a problem for me as my spreads never increase, slip or get requoted. This is the backbone of my system.


P.S. - The trend is a really good friend.

[dpaterso]

Yeh - OK - I was just trying to make sure that you were not trying to 'generate interest' in your results and then get people to contact you on Skype or MSN or something like that to 'sell' the system for a few bucks!!!

You KNOW what happens to people that try and do that here!!!

Anyway - I wish you well. Trading the news has NEVER worked for me and quite frankly I don't see how it can produce 'consistent' results (well maybe over time anyway) but hey - if it works for you - well done.

One word of caution - my main 'bug bear' - unless you are trading 'long term' or 'tradevesting' as I like to call it - there is a VERY DEFINITE REAL DIFFERENCE between demo accounts and live accounts AND I'M NOT TALKING ABOUT THE PSYCHOLOGICAL ASPECTS EITHER!!! On demo platforms you will NEVER get 'slippage' or 'requotes' and you will ALWAYS get 'instant' order execution etc. etc. etc. BUT LIVE my friend is a totally different 'ball game' as it were (it does of course depend on which broker you use and whether or not they are a good and honest and trustworthy broker or a 'bucket shop')!!! Remember these words!!!

Oh - and by the way 'Tess' - how come WE are never so 'privileged' to have THIS kind of 'input' from you on OUR thread!!! You just 'pop in' and 'pop out' over there!!! What's this guy (system) got that I (we) haven't got!!!

Regards,

Dale.