greenalwaz:


pls can u kindly also forward it to me......plsiwantit@yahoo.com ,Thanks

hegelian:


Thank you. i have just sent u a PM

Bolutumiii:
Fx pro in the house, pls hw do one know the right time to get out of a trade, Cus sometimes I take a thousand, a thousand nd half, close to two thousand green Pips nd the trade later go against me simply because I don't know when to get out / take my profit nd close my trade

Bolutumiii:
Fx pro in the house, pls hw do one know the right time to get out of a trade, Cus sometimes I take a thousand, a thousand nd half, close to two thousand green Pips nd the trade later go against me simply because I don't know when to get out / take my profit nd close my trade

Bolutumiii:
Fx pro in the house, pls hw do one know the right time to get out of a trade, Cus sometimes I take a thousand, a thousand nd half, close to two thousand green Pips nd the trade later go against me simply because I don't know when to get out / take my profit nd close my trade

wuyexzy:

i was able to get the link, so i've sent it to you.

redsox11:
Good read from Fezmar

As I stated earlier, in a very small nutshell I simply take advantage of large risk to reward ratios. The main reason I began trading like this (apart from the insane profitability) was the fact that I hated the pressure of needing a high win rate. I mean I despised it. I just could not predict the market accurately enough to make decent money from it.

Now, I first began trading from a $3,000 account. You've seen my balance currently from the first post. Once again

My success to date has come from under 20 trades.

Ah, Fez has gone crazy. What is he talking about?

Let me ask a question that may open your eyes. Did I take only 20 trades?

If I answered yes to this, then I really have lost my mind. Of course not. I have perhaps taken around 300+ trades. I'm simply saying that of those, under 20 were successful.

Where does that put me in terms of the classic win rate? Under 7%. That's right, I consistently take consecutive losers and breakeven without batting an eyelid.

I have always been an ambitious person. I grew up in a poor home and for me the 10% a month gain simply wasn't enough. Call that greed if you will, I like to think I had high aspirations. I think one of the main things that assisted my success was the fact that I didn't spend time on any forums, or even speaking to other traders. I first met another trader only when my account was already nearly at six digits.

Perhaps you will call this luck. That may well be. As I said, I'm not saying this will work for you. I'm simply sharing with you what worked for me.

These days I could never achieve those kind of % returns, simply because I am risking only 0.5% per trade now. However, with a 1:40 (For example) risk:reward, that's still a 20% gain. I'll leave you to calculate how much that is. Once again, am I achieving 20% gain per trade? Of course not!

When I initially began, I was risking 3% per trade. My palms begin sweating to even think about risking that kind of percentage now. And let me tell you, I was up to around 50k and was still risking 3% per trade, until it sunk in that I was putting $1,500 on the line every time. That is when I began to reduce my risk. Would I recommend you risk something like 3%? No. There is a high risk of blowing out your account like this. At 0.5% now

Why might this method not be suited to you? Two main reasons.

1) You can't stand to be wrong. Me, I'm the opposite. I love having the freedom of being able to make many mistakes. I actually enter a trade expecting to lose, and am very surprised if it's actually a winner. It's just in my nature. I'm very comfortable taking many losses knowing that once the Tsunami comes i'll be taking home a very lucrative paycheck.

Many people in the past have told me how I'd be more profitable if I simply set a smaller target and won more of my trades. Perhaps they are right. I'm not interested though. I'm comfortable with this method, and I'm making more money than I possibly need.

2) The drawdown. This bit got very ugly. In fact when I first started, my $3,000 was down to $600 before I made my first win. That requires some real nerves. What was my balance when I won my first trade? $6,600. I over doubled my initial starting balance with a single win. My second trade brought me up to $11,400 or thereabouts. My 3rd win was my most memorable. I managed to turn my account into $25,000 with one win. I couldn't sleep for several nights.

Those are the two reasons why this may not appeal to you. And it's perfectly reasonable that it doesn't.

Pipsbasketings:
I'm on GCAD, will add to my entry after 2hrs from now

bigbasho:


my G/U paid off after dancing skelewu. #PatienceAndOptimism

bigbasho:


my G/U paid off after dancing skelewu. #PatienceAndOptimism

Bolutumiii:
Fx pro in the house, pls hw do one know the right time to get out of a trade, Cus sometimes I take a thousand, a thousand nd half, close to two thousand green Pips nd the trade later go against me simply because I don't know when to get out / take my profit nd close my trade

drpips1:
trading algorithm price action traders have in common

Feshizzy:
Fxmanager

If you keep it up this way with your style till December then you are the Man!
But in the meantime,
Put your money where your mouth is and open a live account!

You can't expect a serious minded individual to invest on a demo account,

The feeling is completely different

Cheers!

wamiikechukwu:


but tell us the truth, do those algorithm comes into your mind while trading or emotion get a better of you?

wickyyolo:
I have up to 50 traders who can give me better result. Long term trades .

wickyyolo:
You think banks look for 50pips ?

We look for atleast 150pips.

Your results shows you keep looking for 30pips.

wickyyolo:
Work on your credibility firstbefore looking for money, if not we wiil kick you out.

wickyyolo:
You think i would invest in a company that is 1 month old ?

wickyyolo:
No smart investor will do that.