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- Gumrai replied Jan 13, 2013
No. 0.003% is $13 0.3% is 1300 You cannot calculate on the balance times leverage, just your balance
Is there an "easy" way to trade on Forex?
- Gumrai replied Jan 13, 2013
Still not making any sense. I suggest that you learn when to use a comma and decimal point. What is UDS? Do you mean USD 0.003% of $463,700 = $13, not 1,310 If I am understanding correctly... You have a $9,274 account and expect to earn $1,310 per ...
Is there an "easy" way to trade on Forex?
- Gumrai replied Jan 13, 2013
Why not just put your money in a bank deposit account that pays interest? If you trade a 10 million $ account, 0.003% will return $300 profit Are you going to trade a 10 million $ account and is your rent only $300 per month? Seriously, How much ...
Is there an "easy" way to trade on Forex?
- Gumrai replied Jan 13, 2013
From what I am seeing, he is mainly trading in periods of low volatility when the market tends to range and not trying for the big pips and not concerned about trends. His SL seem tiny to me, but he seems to be making it work. Especially, he ...
My strategy to become a full time forex trader
- Gumrai replied Jan 12, 2013
If this is true, and I am not saying that it is, then you could use it to your advantage. Close your existing position and take profit. Open a new position in the opposite direction using the original TP as your SL and maybe the original SL as TP
Closing London trades before NY session gets going
- Gumrai replied Jan 12, 2013
No it wouldn't be likely. Saintsurfer is trading a $65 account He has done very well this month, no denying that, but making such a high profit with so few trades suggests that he is probably risking too much per trade. Could he be able to cope with ...
My strategy to become a full time forex trader
- Gumrai replied Jan 12, 2013
Looks like the OP's been banned for multiple usernames. So unless there is someone else daft enough to try it....?
No loss system - experiment
- Gumrai replied Jan 11, 2013
So version 1 was just a mathmatical model that didn't work because of the high win rate required. Is version 8 also just a mathmatical theory that has not been trialed with actual trading? When you try to sell this method that works with a 20% win ...
If you have a powerful strategy how can you sell it ??
- Gumrai replied Jan 11, 2013
First you say that your strategy will win a fortune with only 20% winners and R:R of 1:2 Now you are saying that you require 56% winners with an R:R of 1:2 So which one is it? If I had a trading system that returned 128 winners at 2 times risk out ...
If you have a powerful strategy how can you sell it ??
- Gumrai replied Jan 10, 2013
Statistically, a 20% hit rate with R:R of 1:2 will result in a loss of 2 times risk over 5 trades. If risking 2% on every trade, a loss of 4% The only way to make this a winning system is by increasing the risk after a loser or sequence of losses. ...
If you have a powerful strategy how can you sell it ??
- Gumrai replied Jan 10, 2013
Who knows what the average full time trader makes? What you have to realise is that a lot of people who post on forums lie. You've been trading on demo and sometimes earn 10% in one day. You are risking too much, that's why you have blown your ...
How much do people make trading FOREX
- Gumrai replied Jan 10, 2013
I disagree, nobody but a complete rookie would think that this strategy would make money over the decades that would be required to prove its validity.
No loss system - experiment
- Gumrai replied Jan 10, 2013
In the interest of fairness, are you absolutely sure that the VPS went down and not your broker's server. I have had a few problems in the past with broker's server. No matter how good youir internet connection is, if the broker's server goes down, ...
How do you cope with losing streaks?
- Gumrai replied Jan 10, 2013
Just recently noticed your posts. I like your style
Ok to the OP, if you insist on using Daily pivots, then choose a broker that only has 5 daily candles per week. If youir preferred broker(s) have 6 daily candles then open an account with a ...Need help for simple question: Who got the right S&R levels?
- Gumrai replied Jan 10, 2013
It may not be bullshit because there is no answer to the question. Daily pivots and the mathmatically calculated levels of S/R don't work. Yes, if you believe in them they appear to work when price goes 10 pips beyond a level and then reverses. The ...
Need help for simple question: Who got the right S&R levels?
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Trader or Gambler?
Started Jan 10, 2013|Trading Discussion|100 repliesI see quite often in posts something along the lines of "That is just gambling!" Well, what ...
- Gumrai replied Jan 10, 2013
Let's see if I am understanding this. You say that entry strategy is not important. Money/trade management is. If my strategy was simply to open a long position on GBPUSD every day at 8:00 AM GMT with a 50pip SL and 50 pip TP. Statistically, I would ...
If you have a powerful strategy how can you sell it ??
- Gumrai replied Jan 9, 2013
A lot of people claim to trade the 5m charts successfully. I'm not one of them. I believe that the general consensus is that the lower the TF, the more difficult it is to trade. I would not recommend anything lower than hourly charts for those new ...
Intraday trading time period?
- Gumrai replied Jan 9, 2013
Have you not read page 1? You can download it from post #14
Trading Made Simple
- Gumrai replied Jan 9, 2013
Hanover, I must admit that I didn't look at the trade explorer before. Now that I have had a look, then it doesn't appear that he is using a martingale strategy as such. His TE shows that he is, or rather, was adding to losing positions, holding and ...
If you have a powerful strategy how can you sell it ??