So, I have had 6 trades opened in the last couple of days, and the breakdown is like this: CHFJPY, 23.2 pip winner, which went to full TP This was over pretty quickly – it only took about 30 mins for the TP to get hit. My entry was just below the ...

The MOES

+1 to this, and is pretty much what i was going to say, so I am going to repeat some of it. The purpose of a demo account in my opinion, is simply to test the strategy. Once you know how to trade the strategy, then it is time to move to a live ...

When to go live

Heldav, I dont see where the 'useful' post in this thread was, other than the apparantly the first post where the OP said the market was random... I dont think that that is particularly helpful to anyone. A couple of charts in retrospect which are ...

Forex Dream Chasers - The 90% rule of randomness

Wow, where to start with this? First of all HAVE YOU EVER OPENED A TRADE UP IN YOUR LIFE???? That refers to either on Demo or in Live, PLEASE tell me you have not traded live... Your basic grasp of how leverage works and its relation to lot size is ...

I've figured out why so many people lose money in Forex

Downandout... just an observation, but I cant see where the issue should have been here... On the 1 hour chart, the price bounced, and we had confirmation that it was not going to break that support line at 1.57662 (on my charts at least)... it then ...

Why Can't I Trade?!

Well, my myfxbook is open to everyone, however, so the proof is there.... i am not trying to sell an idea (whether for profit or ego...) so i actually don't have to substantiate my claims in any case. If i want to procalim myself to be ...

Forex Dream Chasers - The 90% rule of randomness

well, coming here new, I do have a few observations. First one, the OP is a bit of a tool. Why? Coming out with the statements 'I know much much much more than you' equates to 'the person who shouts the loudest usually has the least to say'. Also ...

Forex Dream Chasers - The 90% rule of randomness

Great work on bringing your account back up to where it is now. Remember that once you get it to the B/E point (your initial deposit) you have effectively doubled your account and more- a >100% gain - so doing that again should be easier next time ...

Why Can't I Trade?!

Down and out, As you have mentioned, a trading journal is the absolute KEY part of becoming successful (in my experience) Two things I would consider putting in there. 1) Reasons why you entered, ensuring your rules were met on entry, making notes ...

Why Can't I Trade?!

However, if they offer negative balance, they probably offer a trader ringfenced funds. So basically if they were to go bust, then the Traders would be the first to get the money back, and not the administrators. That is the first two things i look ...

Avoiding negative balance? Slippage? How do you do it?

Got to say the OP is way off with his analysis. With Stop losses placed, leverage stops having any effect. Leverage is in effect a vehicle to allow you to buy into a trade for less the more leverage you have. Yes, if you keep your SL unentered, you ...

I've figured out why so many people lose money in Forex

I actually like the idea behind this, but what is not taken into account is the fact that 1 loss, fair enough.... 2 losses, regardless of where you are results in your 'account' blown. for $50, is it worth a go? Unfortunately, my R:R is not that ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest