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com37

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Posts posted by com37

  2. Posted

    If you are afraid to fail; you probably will.

     

    Open an account and trade in simulation mode for several months... see what you think (cost you next to nothing... a maintenance fee and software rental). And by the way, be honest while doing it. If you can't get profitable in simulation you will never be profitable trading live.

     

    In short: save that money that you can't afford to lose for now, get some experience and figure out how you would chose to exploit the market. If you can get to that place, then ask yourself..."Am I afraid to fail".

     

    thank you for your kind suggestion :)

  3. Posted

    1. Why

    To get rich.

     

    2. Commitment

     

    I spend 6 hours trading and 4 more on system development

     

    3. Timeframe and method

     

    Short term momentum and reversals (swings), EOD, 1H data.. Setups are data-mined by Price Action Lab and the code for Multicharts is also generated by it..

     

    5. Money management

    Fixed fractional 1% - 2% of bankroll on each trade. Cumulative risk of all positions not greater than 3% at any time.

     

    6. Product

     

    Index ETF, high cap stocks, futures, forex.

     

    8. Platform

    Multicharts 8.7

     

    10. Computer

    AMD 8 core CPU. I use 4 PCs, 2 for trading and 2 for development. backups are made daily and full backups weekly.

    I am newbie...this is very useful suggestion, thx

  5. Posted

    Hello Xiaolei,

     

    let me answer from my experience (+5 years trading forex) when it comes to brokers, always go for the best of the best:

     

    I trade with Dukascopy Bank SA (Swiss forex bank)

    Advantages:

     

    TRUE ECN (Electronic Comunication Network) you can put bid and ask in to the market AKA you are liquidity provider too, authentic 100%, you request or put liquidity in the market, like a market maker

     

    INTERBANK SPREADS (Ultra Low Spreads, average 0,5 in EUR/USD in the London & NY session)

     

    SECURITY, SPEED AND SAFE (As a swiss bank they are with all the licences, your deposits are secured till 100,000 euros or less)

     

    Disadvantages:

     

    Comission per volume (you pay X amount of dollar per million traded, every authentic 100% TRUE ECN will have this, but if you request the opening of the account throug me you will get monthly rebates to your account)

     

    Minimum Deposit (is 5000 usd the minimum deposit, solution will be to open with their Latvia subsidiary, Dukascopy Europe, for retail traders, minimum deposit 100usd)

     

     

    I really recommend you them, I dont work for them, but I'm an introducing agent, so can get you some comission back and some preference with them if you contact me.

     

    Is not necessary to have a good broker to be profitable, but it helps

     

    suppose:

     

    100 trades in EU with 2 pips spread = 200 pips in costs (20 pips SL will be 22)

    100 trades in EU with 0,5 pips spread = 50 pips in costs (20 pips SL will be 20,5)

     

    ok you pay comission but with the rebates get better....

     

    My two cents :2c:, if you or anybody is interested, contact me at carlos@zentraders.net or skype: korefx

     

    Cheers and trade safe!! :cool:

     

    Thank you ...i will contact you

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