Interesting.. what do you use to calculate this ?

Cable Update (GBPUSD)

4% per month savings? That would be nice, but it would never happen without risk... It would mean we could all be rich in a few years of compounding

20% per month. Is this possible?

Has anyone tested this strategy on a live account, I would be interested to hear the results Cheers, Pete

12_100_9 Trending System

I like to help people get started.. I know I wish I had someone to help me at first... Why do I help? Well, it really makes no difference if the people I help do well as the market is so big, a few traders really won't make any difference. Theres ...

Is trading a competition, battle or war?

Yeah, the swap is reduced quite a bit, in a trade off for considerably lower risk. The Yen pairs have a lot of correlation to the global stock markets, and investors are very uncertain at the moment with the credit crunch issues... If the stock ...

money management of USD20k

Sorry you lost your money... Forex is not easy, most people lose their money so don't feel too bad. It's much better to be honest about it, if forex isn't for you, its best to get out as it has a steep learning curve and takes a long time to learn.

Forex can be easy!!!

Possibly a retrace, then a head back upto 2.0660 ish... We will find out next week.. There could be some nice setups to trade :-)

Cable Update (GBPUSD)

Yeah, I see it as a war... We know over 90% of traders lose money, so we don't want to do what the majority do

Is trading a competition, battle or war?

Yep.. me too.. I just wait for high probability setups to arise... Its often too much like guessing trading your "predictions". Like you mentioned earlier.. anything can happen, at anytime, unexpectedly, so we gotta be prepared.

What kind of Money Management rules do you have?

I would not say 20% per month is impossible.. but I would seriously doubt if there are many who can do it consistently for years. I aim for 3-5% per month.

20% per month. Is this possible?

I would say read the posts on this forum. It is in itself a tutorial. Lots of really useful information that should be able to help you.

hello forum i need your help

ah sorry.. Sounds like I misunderstood... You can setup alerts in MT4 when certain conditions are met if that helps.

Trader Buddy/Partner Idea

ya, you do lose some swap.. but the risk is far far lower.. One major carry unwind won't kill ya. Saxo can be used for carry trades.. they do open/close each day, they just adjust the entry to allow for the swap, the end result is the same as a ...

money management of USD20k

I had a look in the options in MT4 but couldn't find anything. I am not sure you can change the font size

How do you adjust font size in meta trader?

I totally agree with that! It does make me laugh when I hear these "Experts" on bloomberg making these bold claims on what price is going to do. Its very rare they are right..

What kind of Money Management rules do you have?

Personally one rule I often add is to lock in profit for a month. Say for example I get to +8% for a month, I may lock in 5% so that would be the worst result possible. Also, I like to move stops to break even when they get to being nicely in ...

What kind of Money Management rules do you have?

Will cable test 2.0650 next? I think theres a good chance now if 2.0460 is convincingly broken, any thoughts?

Cable Update (GBPUSD)

lol.. there is a certain irony there!

FX Trader Of The Year Competition 2007

On that note, I think I will go back to bed this morning :-)

I applaud all of you!!!

I like the idea of TRY/JPY because of the nice interest differentials. One idea for you that may substantially lower your risk. TRY/JPY and NZD/JPY are very closely correlated, much much closer than eur/jpy and try/jpy. Even during a major carry ...

money management of USD20k