miguel, I think you were right, I changed my nick (from NoLuck to this one). My first trade today was a winner. Or is it maybe just statistic, that after so many losses, you start to win? Anyway, thanks, looking forward to your super-signals. Gotta go to class now, though, hope to catch the signals this time.
This really does not seem like a very special idea. It’s quite simple to develop a system to spot big moves, and then enter in for conservative profits. I’m using one of Jame’s systems for this right now. You just have use restraint to take smaller more reliable profits. I’ve been using this idea in demo, and so far I’ve managed a 6 to 7 ratio. 6 wins per 1 loss. A ten pip move is all I need, and that’s not hard to come by.
I totally agree with you. There is nothing simple about this market. I wish you all success in this market.
For me, when I started trading real buckaroos as opposed to virtual money, it was a brand new psychological experience and I quickly learnt that good money management was the key to success.
Miguel, keep up the good work, and continued success. As for other posters quick to devalue the contributions of other members as if it was ‘no big deal’, could you please start your own thread with your successful strategies or signals in order to help struggling traders like myself to enjoy a bit more success.
Well i don’t know if you are talking to me, but if this sentence is directed to me tells me a lot of your experience, or lack of it in the financial markets.
If someone makes 2% Roi a day he is on the elite of trading, he is part of the 1% maybe less of traders in the world that can achive such amazing track.
Wrong, so wrong! The market will teach you a hard lesson if you think like this.
Two diferent worlds. Real money vs demo - resemblance? Absolutely none!
It’s possible to win in this world, but make no mistake - it’s hard! If you really wanna you will make it
Thanks for the kind words! We are trading this experience with real money, you guys really shouldn’t. I can afford to loose the money but i know that’s psicologicaly tough at the beginning.
Having lost money in the stock market, I am treading lightly in forex, reading as much as I can, learning from those that know more than I, as well as learning from those that don’t know what they’re talking about. Have not traded real money yet, and I’ve been demo trading different systems for many months. Your comments are well put. If I could consistently make 1/2 of 1% a day, or consistently make on average just 20 pips a day…with money management, I could have a nice nest egg for retirement. I, and others, I’m sure, sincerely hope the system you’re working is viable, and that you would share it with others after the proper amount of testing.
That’s true. Remember the important thing is the ROI a trader makes per day or per month. I never saw a bank that accepts pips for deposit. I think is quite amusing when i look at threads and the counting is always the same: PIPS :rolleyes:
A person can make 500 pips a day with one account of 5000 EUROS and other person with the same 5000 EUR makes 20 pips a day, but still makes more money.
It’s all about the Money management and ROI not pips! Do you know why 90% of wanna be traders fail? well i do
I wish you good luck, hard work and success in this market. Have a nice weekend!