Song of the Day

[Song of the Day]

[ame=http://www.youtube.com/watch?v=eibacdEM6w0]Listen To Your Heart - YouTube[/ame]

[How Can You Determine Yourself As a Perfect Trader?]

In a day when I dare to call myself 'a perfect trader' I'll go out and shoot myself since there would be no point in further evolvement anymore

 

But the criteria of a succesfull trader for me is the ability to make 3-5% per month without too much drawdowns.

[New Trader- Contest Question]

BTW Forex Club recently held demo contests and a friend of my friend managed to win an iPad while my luck was not there. And I believe that a contest is a thing that can be easily ignored by a trader so there would be no any complaints about it.

[FX Club]

What i like in this accounts is that they are not PAMMs. They are easier, have more user-friendly interface and usability, and the most important thing is that you can add/remove an investor with 1 click. Perfect, I think.

[FX Club]

Ive read tons of information about pamms and investing in forex and came to the conclusion that it worth trying.

Landser so how's your search of feedback?

And answer my PM pls

[Is This Good Time for Buy Gold Again???]

Agreed. Inflation due to printing will affect all asset classes.

 

Well, could you pls explain?

What I see is CBs, printing money and giving it to commercial banks. And commercial banks don't flow them into the real economy, preferring to sit on piles of cash.

So how can inflation go up without money money supply growth?

[Consumer Confidence Numbers Ahead]

The Conference Board said Tuesday that its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.

 

Not so bad eh?

US economy continue to improve, however Fiscal Cliff could undermine this process.

[What is Your Biggest Weakness As a Trader?]

Emotions -> Thinking I 'know the market'

Continue to try coping with that.

[Traders from Europe]

I'm sure there're any. But why do you ask?

[Volatility - Friend or Enemy]

as a nooby stock swing-trader with a small account, i like relatively low volatility. slow and steady price increases are my best friends.

 

Exactly my current view of volatility. Unfortunately, I haven't achieved the level of trading skills that would enable me to trade any kind of swings, but I'm stubborn and keep getting into.

[FX Club]

You're right, this spread applies only to Rumus platform

Their Start FX2, for example, has 0 spread.

 

I didn't find any special bonuses or other incentives to open an account with them. Do they practice such things?

[Realistic Expectations]

Have you heard the stories of relative new traders turning their $10K accts into $100K in 1 month, 6 months or a year?

 

Yeah, such stories are usually posted by either robot sellers of broker representatives.

 

In the real world it wouldn't happen... Well, actually it could, but the probability of such event would be like 0.00001% or so.

 

My expectations are not overstated since I'm the realistic person in my general views.

[Blowing Up !]

The headline intrigues.

 

Proceeding...

[FX Club]

Also the EURUSD spread here is just 3 pips.

First - 3 pips on EURUSD isn't 'just'. It's a HUGE spread.

Second - FC doesn't have such a spread at all I'm also looking information about this broker and I see that it has 2 pip spread on MT4 and 0.6 pip on ActTrader.

[What is Your Biggest Weakness As a Trader?]

... is laziness. Sometimes it's so hard to get up and make myself a cup of coffee that I feel like dying of thirst :crap:

[FX Club]

How about requotes in FC? I heard that almost every broker has them especially when volatility is high.

[Do You Put Stop Loss Order?]

experts know where you set it and can "shake you out" of the positions

 

Can you describe the exact procedure how it happens?

 

The more I hear this the more I'm convinced that it's impossible.

[Increasing Your Position Size Over Time]

 

So my idea is to correctly size your trades is to have a thorough money management plan but also understand how you deal with the fluctuations psychologically. For me, they are symbiotic.

 

Sorry for the ramble!

 

TheNegotiator.

 

Absolutely agreed. Rules of MM are rules and changing or ignoring them can lead to high consequences.

[Why Do Some People Not Place Stops?]

I believe that my current experience in trading doesn't allow me to ignore S/L.

 

I've seen quite a lot of examples when people put orders without any stops and the next thing happening was upward/downward spike that eated all of the money.

 

Maybe sometimes I'll get into locks or other advanced techniques but for now s/l is the best way to limit my risk.

[How Do You Back Up Your Computer?]

I use 2 SSD and 1 USB hard-drive. As for the most important data I put it in archives protected with passwords and store it online.

[Domain Buying/Selling Business]

AFAIK people who register sound domain names are called cybersquatters.

 

I think the main wave of such operations already gone but if anyone manages to think off a good name and register it through DNS the profit from this idea can be quite large,