Yaaaaaaaik!! Friend. Last 5 trades are not good at all! what happened? Why such a drawdown?
Very ugly month . So hard to find good trader
You kidding right? what about hihoforex, satang, newwave?
You do not like them ?
Why you guys don’t trade yourselves?
It’s kind of learning. Nobody starts with a system, strategy, money-management
and other possibly necessary tools out of the box. So the first steps of a newbie
are going to forums, looking and reading in the internet, maybe reading some books.
Hopefully the student overlooks the fast-get-rich robots and other sh…
One possibility to have a look at possibly professional and/or successful traders is
to follow - again in a forum, chat-room (free or paid one) or … with a signal-service.
There’s nothing wrong with, as long the brain is in on- and not off-mode.
Hopefully surviving these steps the newbie may get a trader with first experiences.
dunno about the others, I can only speak for myself and I use it because 1) I dont have much time to involve in trading and 2) my manual trading is a disaster
[QUOTE=“mesaboogie;535156”]Why you guys don’t trade yourselves?[/QUOTE]
Well we have champ
If you have an angle that makes trading simple …
Then we,d all love to hear it …
All ears !
You read the books and do the demos–
Trading requires patience and discipline …
And you think you have patience and discipline … BUT trading with real cash is a completely different ball game.
We are searching for someone to do it for us -
Not because we don’t know how to do it -
We want someone - hard nosed - that’ll stick to their own rules / plan … That’ll win at the end of the day … And take the emotional side of trading out of it for us.
This seems hard to do - as traders we are watching are breaking their own rules - and so - at the end of the day - no smarter than we are.
Some of these guys have a 80% win rate …
But when you look at what they’ve done !!!
They went a thousand bucks in the red … To claim a 50 Dollar reward. ( and this gets chalked up as a win !!! )
(Could talk all day on this ! )
Are you live trading ? You running price action with EMAs - or channels - or Elliot wave … or playing the news , bridging the gaps … fading the move ???
What is your strategy ???
Cheers
[QUOTE=“EDDY MO;534631”]You kidding right? what about hihoforex, satang, newwave?
You do not like them ?[/QUOTE]
Hi Eddy,
I see my favourite Mopido has been averaging into a losing position with the EUR/ USD.
He is still adamant that it will drop …
I don’t see Why Eddy – Do you ???
Don’t see why he wasn’t out of it long since …
and selling now .
Thanks,
J Mack
[QUOTE=“Jmack;536558”]
Hi Eddy,
I see my favourite Mopido has been averaging into a losing position with the EUR/ USD.
He is still adamant that it will drop …
I don’t see Why Eddy – Do you ???
Don’t see why he wasn’t out of it long since …
and selling now .
Thanks,
J Mack[/QUOTE]
How much do these guys make when people follow them? Sorry im new to forex, I’m a SPY option trader.
I believe it is 0.1 pips per trade …
Big bizzness if you can get a following…
But then seemingly they will refuse to close out a trade when it goes against them.
Have a look for yourself - you’ll see guys have a 300 pip drawdown and cash in a 15 pip win.( a fortnight later )
We don’t want to pay someone for a wild ass guess ! So they lose their following. Kind of a short lived glory.
As someone pointed out on here … Look at "also known as " feature
You’ll find some of the high flyers have bombed / wiped out loads of accounts.
hello there friend,
to tell you the truth I hardly actually bother to think about the trading strategy. See, this is not of my concern, I only care for them to be trading positively.
[QUOTE=“Jmack;536610”]I believe it is 0.1 pips per trade …
Big bizzness if you can get a following…
But then seemingly they will refuse to close out a trade when it goes against them.
Have a look for yourself - you’ll see guys have a 300 pip drawdown and cash in a 15 pip win.( a fortnight later )
We don’t want to pay someone for a wild ass guess ! So they lose their following. Kind of a short lived glory.
As someone pointed out on here … Look at "also known as " feature
You’ll find some of the high flyers have bombed / wiped out loads of accounts.[/QUOTE]
I bet I could hit it out of the park. Been doing technical analysis for going on 6 years. Just quit helping a guy trade his $200k account for the last 6 months. My EUR/USD chart I drew 2 years ago is still playing really well.
[QUOTE=“Jmack;536610”]I believe it is 0.1 pips per trade …
Big bizzness if you can get a following…
But then seemingly they will refuse to close out a trade when it goes against them.
Have a look for yourself - you’ll see guys have a 300 pip drawdown and cash in a 15 pip win.( a fortnight later )
We don’t want to pay someone for a wild ass guess ! So they lose their following. Kind of a short lived glory.
As someone pointed out on here … Look at "also known as " feature
You’ll find some of the high flyers have bombed / wiped out loads of accounts.[/QUOTE]
Yeah that drawdown should never have happened. Should be a 3-1 win ratio. That’s backward, your stop should be the one not the three.
Barcode,
you meant, you made an accurate longtime projection for eur/usd two years ago?
[QUOTE=“josch;536945”]Barcode,
you meant, you made an accurate longtime projection for eur/usd two years ago?[/QUOTE]
That’s not how it works. Past trends from a couple years ago are still in play today is a better way to look at it.
Also, anyone have any broker recommendations? I want a broker with small margin requirements. Something I can deposit a couple hundred bucks into to get a feel for FX. Would love something that allows futures as well. Thanks.
[QUOTE=“Barcode23;536995”]Also, anyone have any broker recommendations? I want a broker with small margin requirements. Something I can deposit a couple hundred bucks into to get a feel for FX. Would love something that allows futures as well. Thanks.[/QUOTE]
IG markets do futures as well.
Their charts are rubbish - so I look at charts on MT4 with my Axitrader Account.
IG don’t do micro contracts … So a couple of hundred bucks will not last long !
Cheers
Jmack
[QUOTE=“Jmack;537165”]
IG markets do futures as well.
Their charts are rubbish - so I look at charts on MT4 with my Axitrader Account.
IG don’t do micro contracts … So a couple of hundred bucks will not last long !
Cheers
Jmack[/QUOTE]
Thanks. I set up a demo on Zulu. Got my ass kicked for the day but I think I have the right direction, I’m trying to swing trade short EUR/USD. I think I may have a wedge on it so this could be fun. Leverage is pretty nuts, I usually just jump but I may want to paper trade this for a min. Anybody here trade /YG (gold)?
what type of demo did you set up trading or follower’s account?
[QUOTE=“EDDY MO;538494”]
what type of demo did you set up trading or follower’s account?[/QUOTE]
I’m trading it. Not following anybody. I’ve analyzed SPY and stocks for years as well as futures. I was trading options for my buddy but he ****ed up and I quit. I’m looking to get into either futures or fx to earn another paycheck and be able to avoid pattern day trader rules since I have a small bankroll. I can call the market easily but the leverage is what’s going to take some getting used too. I had the direction right but got margin called out for 20% of my 5k overnight even though I was right and was way under my buy this morning when I woke up. From Friday through yesterday until 9 pst it closed me out.