Dottore:
May I humbly ask the difference between this and the regular Mobil 1 (5w-30) in Mobil filling stations.

LordofNaija:
Use am do tow truck

Cosplay:
Thief

damilare85:
don't overcome your fear that is always making you look too smart to invest in anything: why should u invest, haha u need ur money, and u must keep every last peice of it.
Make sure u never learn anything new, just stay in ur comfort zone and never take action, why should u take action in anything ooh to learn something new is always hard especially reading new materials, it will waste ur time, I mean the time u need to flex in ur homezone
whenever u see a thread like this, make sure u ignore everything u read and attack the op, wht should pay attention to this kind of thread, why now this op is so cruel why can he say something like that.
If u see an opportunity dont take it, they say opportunity come but once, you might be lucky your own may come maybe like 10 to 20 times, so wait for the right time, better time is coming.
Don't accept any help from anybody, just wait for an Angel or maybe God to come down and Help u.

skybridge:
The week under review was tough for me.i closed the week in high negative.I hope weeks to come will be better.

teemy:
to a great week all!

skybridge:
I want to salute your courage for this you want to do.I will like to advise at this junction,stop answering some needless questions.If you say you can then you can and if you say otherwise then you cant.i will like you to concentrate on the task ahead.Many attimes when i read comments,i cant understand why some will be picking annoyance among themselve.We should be supportive of eachother no matter what.I will join you in the journey.Furthermore,i have promised myself to build an account of $1M,no matter how long it takes.The word is NEVER GAVE UP ON YOUR DREAM.I started an account with $47 and now the account is a little over $700.With strong determination and HOPE,dream will come reality..

teemy:
keep it up flybiz08. by the way what do you use in determining when to exit a trade?

teemy:


What is the monthly target?

teemy:
also would you be working with simple or compounding interest in calculating profits and lot sizes?

teemy:
by the way op what is the estimated period to hit the 1 million target?

jamace:
OP, do you use indicators? If yes, can you share with us?

oohrhiifx:


Thank you for your response.

Now in reply to what you wrote here. Stop loss is the singular and most important tool in the financial market trading, Yes Your Stop loss POINT note the bolded may not be guaranteed when gaps occur in markets and that's beacause when gaps occurs price points are skipped which may include your specified point, but you can be rest assured that the position will be closed immediately at the next available price point. So please correct the above sentence STOP loss is a guaranty tool to help you protect your portfolio. A non guaranty of your specified point during gaps which are rare is different from non functionality of a tool.

As regards your explanation regarding contemporary trading, and you having some institutional traders as friends, I would kindly suggest you speak with them again and get your facts right, No trader.. I repeat no professional trader would expose his portfolio and invest in an instrument on a particular position without taking into considerations the risks involved, your no stop loss advocacy actually proves how non challant you are regarding portfolios. How can you expose a portfolio into the market without proper risk management strategy in place. I see that you referred to your friends managing a million dollars without using stop loss, but hedging the trades, do you also consider how much they trade with per transaction, do you consider the percentage exposure it is to the total account? Ever heard of what is called JENSEN INDEX , TREYNOR INDEX, VALUE RISK MODEL, or MPT? All these are approaches that are being used in measuring the performance of a portfolio and they all include putting the risk management approach as the most important factor, It's risk to reward ratio and how well the portfolio manager has performed. I will suggest you talk to them again bro. Here you are having a 200$ account hoping to get it to 1 million according to you and without stop loss or any risk management strategy in place. What happens if the market goes against you suddenly? What if the same Gap you spoke about happens, and the trade goes against you say 100 pips can you explain how you intend to manage that? You would hedge the trade, with how much ? The same lot size?What if it just keeps going? Remember this is FX not equity or bonds, the price might not come back to your entry point in the next 3 years or more, What about your broker leverage? Margin call point, Unless you are trading with the DD brokers that offers unreasonable leverages which would help you ruin your account anyway, no NDD STP/ECN brokerage company would ever offer you more than 1:500 and even at that, you cannot survive the market without risk management strategy.NO one can and NO portfolio can, even martingale trading strategy which involves unlimited account balance cannot survive it. Google these thins bro.

You said STOP LOSS is a scam by brokers, hearing this singular sentence from you shows how not so experienced you are in the financial markets( no insult intended), you possibly belong to the class of those that believe that their stop loss points is a target for their brokers or the market. If truly bro you understand that stop loss point are comprehensive analytical points which is supposed to render your current trading perspective null when it hits then you would understand how important STOP LOSS is in financial trading success. It is the only tool that helps you to manage and control your risk and losses in these highly volatile, highly leveraged financial market. No one should invest without putting risk into considerations.

As I said I wish you all the best In Your quest, but I am very sure , this thread would be inactive in a matter of weeks, a month max. But then I hope you prove me wrong.

Just in case you're wondering who I am you can check my profile on forexfactory , including an 8 month live account result with live streaming. http://www.forexfactory.com/oohrhiifx#acct.12. Cos every body calls themselves professional traders these days. Quoting years out of nothing.

Best Regards.