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fxallday
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Posts posted by fxallday
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Thank you a lot for this analysis.
You believe that price has a memory...
I am rather trading on the trend. In zulutrade' s platform "hedging" can happen many types as my signal providers decide to buy or sell in different price.
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The execution is better with AAAFX. You should not disregard this factor cause plays in my opinion the most important role.
Entry?exit signals must be on time.
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AAAFX' s MT4 platform can be used for manual trades as well. So if anybody would like to separate his trading money, those for autotrading from those for manual trading can open 2 accounts.
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AAAFX has no commission and I receive entry/exit signals on time.
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Thank you a lot iwshares.
My Signal Providers and I have made many trades on Euro/Usd. Long short there was a "trading traffic" last days.
I will tell you the paradox in my current open positions:
Some trades long on Euro at 1,43.30
Some trades short on Euro at 1,42.20
Current price of Euro 1,42.87
:doh
However I have set S/L, I always "return" in Zulutrade' s platform to check how is it going...
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I agree with most of your words. Risk & loss are "waiting" for people who are doing their first steps in forex. :doh:
I prefer autotrading platforms rather than managed account cause there I have the possibility of choose different systems to open trades for me. I follow 4 signal providers in zulutrade. Anytime I want I can remove them from my portfolio and add new. I have not to pay them for receiving their signals. Execution is happen automatically in their and my account. No fees no commitments!
Free and flexible suitable in the way I am thinking.
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Forex is too complicated! Autotrading is more easy but even for this forex knowledge is needed. I use Zulutrade for receiving entry signals and seems to be the easiest thing BUT...
if I had set wrong settings for my signal providers or did not know anything from risk management?
My equity would be only 1$.
Always remember to review your trades to realize what went wrong and avoid it in the future.
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I am not sure if hatha yoga or the autotrading platform of Zulutrade keeps me calm.
This platform's Signal Providers have saved me from a lot of stress which I had trying to deciding about the right trade. Now they do the hard work and I can have time for my yoga. -
You have promised us an update... after Ben Bernake' s speech. I am very interested to compare both cause I have some open trades of EUR/USD on my Zulutrade's account.
Thank you in advance.
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Yes we have received an email regarding ghost trades. Performance statics will be more realistic now. However I am not sure if I have understood correct how an Sp can create these kind of ghost trades. Any information accepted.:doh:
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Thank you. When other people react on our money it is very important for us to manage our money in order to avoid the trader's enemy ... margin call.:hello
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I like the idea on which is based Zulutrade. Execution of trades -made by experienced traders- in my account saves me from losing money and time.
I like to watch and review their trades, trying to explain why they took this or that desicion.
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Max DD:
0-40% of drawdown in pips to the SP' s total profit so far (open positions are included)
But it is wise to look on your account' s balance first.
If a SP has closed a trade on -500 pips (his worst trade) and he usually opens 10 positions then he will have -5000 Max DD pips.
Are you trading with 1000$? you will loose 50$,
Are you trading with 10.000$? you will loose 500$
Are you trading with 100.000$? you will loose 5000$
If your balance is 1000$ and you don' t want to loose 50$ you have 2 options :
1. you don't have to let him open 10 positions or
2.you will have to search for providers by setting their max DD in pips less than "to 5000".
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Yes, it is a great feature. Helps with searching and filtering of SPs.
I have ticked on ARE TRADING THEIR OWN MONEY !
It is important for me to follow a SP who decides about opening or closing a position having on mind that his account will be + or - some REAL money!
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What I can recommend is an autotrading platform. Due to lack of time Zulutrade has worked for me very well. I follow some Signal Providers and the positions they open (trades) are executed automatically in my account. It is really worthy a test of this platform.
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Due to Alchemy I have found some Signal Providers that I did not know their existence. It is funny to spy other' s portfolios
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Probably the most traded pair in Forex. I tend to shy away from trading it.Seems like I alway's get burnt on this one. I keep telling myself I will not trade it again.
Then I see something on my chart that looks very promising, and jump back in. Only to get burnt again, or just get out by the skin of my teeth.
So, maybe I can get some enlightenment from other's ideas on where they think E/U is headed.
True Story:
When I first got into Forex I decided I was going to be a Fundamentals Trader. I had heard of charts, but had never actually seen one. My very first trade was EUR/USD.
I had just returned from Europe and it had seemed like it cost me a lot to exchange my
Dollars for Euro's. So I figured the Euro must be hot. I bought 5 Standards Lots Long.
Lost $1500 in a heart beat. Maybe that's why I am gun shy.
How true is your post! I can understand you. However I love to trade on trends
Today I was long on Euro on Zulutrade's autotrading platform, with a Limit on 1.4440 and I feel very happy for my earning pips. Now I should stop...but a voice inside me does not let me!!! -
This is one of the threads that I have printed out! I really liked it a lot. Forex has many sides but trades have only 2: green or red. Most of the times I try to explain what has gone wrong and my position or my Zulutrade's Signal Provider turned against me. Green trades are kept intuitive on my memory in order to repeat them when the market "calls". This is the easy part of forex :missy::missy:
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Thank you. I know, I try not be very enthusiastic with my green trades cause red ones will come as well. I watch the zulutrade videos. Very understandable.
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Of course it is wise ! It saves you money and keep you away from depression
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It is nice that there is a thread about Zulutrade here! Due to this autotrading platform I have started my relationship with Forex
It is the best solution for Forex beginners and an addiction for the old ones.
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Psychology is a very important factor in trading, which unfortunately for me was a disaster. No patience at all, I was get stressed, closed and opened trades without logic. Therefore chose to trade through Zulutrade' s autotrading platform. Now my Signal Providers do all the hard work. :haha::haha:However I still keep on watching their open positions in case I have to change or set limit and stop orders.
Yoga - Relax, Refocus and Make More Money!
in Trading Psychology
Posted
Sometimes forex cause me a lot of stress.
Noticed that manual trades cause me more stress than the zulutrade' s signals I receive as well, propably because I am the only responsible for these trades and not my signal providers. I have thought that mobile forex could help me stay relaxed as makes it possible for me to check the account everywhere and anytime. So I bought an ipad but now I am thinking of the trades all the time.
The thing is that my yoga lessons has stopped for the summer time so I really have no way to relax.
Could forex be unhealthy?