just opened 500 $ mini acc.
strategy
45 wma + 200 sma
indicator
KF
plan
100% return in 2 weeks
I DECIDE TO LEARN MY lessson w/ 500 $ hahaha
just opened 500 $ mini acc.
strategy
45 wma + 200 sma
indicator
KF
plan
100% return in 2 weeks
I DECIDE TO LEARN MY lessson w/ 500 $ hahaha
Ill start with sarcasim! Give me your money! Obviously you have not read any articles on this site so I will not waste my time giving you useful information. Rather, I will waste my time flamming you! I have no tolerence for people that decide not to read and/or are stupid as hell! This community will not hand feed you everything, read everything under the baby pip school and you shall find your answer!
If you follow the trend, momentum of the market. If you trade in discipline with full understanding, and not just putting down your gut feelings and trading… You can have it for long.
Its better to trade with Micro Lots, if you are new in this industry…
kidding guys ! i been test my strategies and finally i got what i wanna the best one, then i decided to open a live acc. w/ that small capital
i will risk only 4 %, well, many books and ppl said 2% rule but b/c my acc is small,
i plan to make 30 pips/day.
and use dis rule
NEVER LOSE MONEY, THEN REMEMBER RULE 1
i will post result weekly
start live trading next week
Ok let me put this in perspective for you. With oanda to open 10,000 units you would use up 282.60 of your margin! More than half of your capital used up in one trade! So much for trading more than one pair! Second, one pip would represent .2% of your account size! So your stop is 20 pips! Now if that isn’t bad enough you are so arrogant that you do not think you could be wrong! Also, you are expecting 250 pips a week with one currency pair! You are out of your mind!
The only possible way you could have a chance is that if your broker had some decent margin call rules so that you can loss until basically you have nothing left (truly bucket shop in nature) then you may be able to ride out some of your mistakes and get in some profit.
I look forward to your failure and if you do succeed I will claim luck! Regardless there is no hope for the long term with your mind set!
Sword I think you have it all wrong. He should give his money to ME! I won’t be so rude and I will spend the money on beer and pornos. Other then that I think you are on the right path.
I just have one question for havenoidea (vary good name), how long have you been in the forex market? In my experiment I am down less than 10% after 3 months with just a coin flip. I think my system will out perform yours!
But good luck anyways!
See how polite I can be sword?
hahaha 3 months are u kidding me atleast i can last 1 week
lol, funny thread
If you wanna know something strange. When I first went live with $400 using my tuition money Oanda never once margin called me despite going 20+ or more pips in the whole. Even having having 0 margin available and a nice big red number for unrealized balance they never stopped me. I did it many times so it wasn’t a one time fluke. I think they do let you use up your margin requirement before shutting you down :). That was the best $400 I ever lost because I learned so much on how NOT to trade and that I needed pure discipline to succeed in FX!
Topgun
I did receive a margin call on my Oanda demo account, can’t
remember why.
But in the account summary there is a buffer between margin
used & margin call. Plus the fact that at even 50:1 leverage it
can take a long time to empty an account.
I never knew about this buffer. Thanks for the info. It did take me about 9 months to go through $400 so I am sorta happy about that.
It did take me about 9 months to go through $400 so I am sorta happy about that.
If you learnt something along the way, which I am sure
you did, then it was all worth while.
What amazes me is the stories of guys who have gone
through more than one account.
I never knew about this buffer.
The Oanda platform is so informative in most respects
compared to other platforms. The fact that when you
open a market order all the facts are laid out in front
of you.
Pip value,
size of trade,
stop loss value,
take profit value,
margin used &
even units available.
This helped me so much in the early days to understand
lot sizes etc.
I have demoed a few platforms & nowhere have I found this
information.
If the charts were better it would be excellent, but with
free MT4 platforms available I can always use those
charts to fill in any deficiencies.
:wishes: