Tips and tricks!

Sep 22, 2015 at 21:16
Vistas 9,066
195 Replies
Miembro desde Sep 12, 2015   posts 1948
Jan 08, 2017 at 17:44
You cant have a record if your working on a trading desk, its FCA rules only when you leave you can start a Trading record. When most traders leave they take some private clients with them, those account are protected under privacy laws, I don't make the rules but that's the way it is. That's why you wont see them looking for investors through advertising, most is by word of mouth, friends of friends. It's easy to make a fake account also ,so be very careful about trusting someone with your hard earned cash.
"They mistook leverage with genius".
Miembro desde Sep 12, 2015   posts 1948
Jan 12, 2017 at 21:44

Anton Kreil Forex video.
"They mistook leverage with genius".
Miembro desde Sep 12, 2015   posts 1948
Jan 24, 2017 at 21:11
A good video from Gary on changing markets.
"They mistook leverage with genius".
Miembro desde Nov 03, 2015   posts 45
Jan 25, 2017 at 15:50
snapdragon1970 posted:
I look at stocks to when FX aint doing much, metals and commodities are doing pretty well today, some other things I will be keeping an eye on, Hilton, Next, Debenhams and M&S , that means some research to do who's going to bounce back tomorrow. Hilton looks tasty if it hits 50 handle quickly.

How about indices? Do you have experience with them as well, maybe the major ones like Dow Jones or FTSE 100?
Miembro desde Nov 03, 2015   posts 45
Jan 25, 2017 at 15:50
togr posted:
follow just advice only if this guy have some profitable record

Yes, good point, I would also add - if the advice passes your personal common sense check.
Miembro desde Sep 12, 2015   posts 1948
Jan 30, 2017 at 13:27
jackell78 posted:
snapdragon1970 posted:
I look at stocks to when FX aint doing much, metals and commodities are doing pretty well today, some other things I will be keeping an eye on, Hilton, Next, Debenhams and M&S , that means some research to do who's going to bounce back tomorrow. Hilton looks tasty if it hits 50 handle quickly.

How about indices? Do you have experience with them as well, maybe the major ones like Dow Jones or FTSE 100?

I used to trade the DAX , gap plays at the open then it would close the gap from earlier, it doesn't do it as often now, it used to be a great trade to because of the commission on round trips.
"They mistook leverage with genius".
Miembro desde Jan 30, 2017   posts 12
Feb 01, 2017 at 15:29
1. Define your risk tolerance carefully
2. Plan the objectives. Stick to the plan
3. Choose the Forex broker carefully
4. Select an account type according to your trading style
5. Begin with small profits, increase the size of the account through gains
6. Focus on one currency pair to expertise
7. Do what you can understand
8. Do not add to the lost position
9. Restrict emotions
10. Study your trading success and failure
11. Automate your strategies
12. Keep your strategies simple and have a good trade plan
13. Know all the probabilities of Forex market
14. Share experiences and learn from the judgments
15. Study markets with complete technical & fundamental factors responsible for price action
Miembro desde Feb 12, 2016   posts 427
Feb 02, 2017 at 12:18
Darren72 posted:
1. Define your risk tolerance carefully
2. Plan the objectives. Stick to the plan
3. Choose the Forex broker carefully
4. Select an account type according to your trading style
5. Begin with small profits, increase the size of the account through gains
6. Focus on one currency pair to expertise
7. Do what you can understand
8. Do not add to the lost position
9. Restrict emotions
10. Study your trading success and failure
11. Automate your strategies
12. Keep your strategies simple and have a good trade plan
13. Know all the probabilities of Forex market
14. Share experiences and learn from the judgments
15. Study markets with complete technical & fundamental factors responsible for price action

Fully agree with those steps. Just add few more and write a book 😉
Accept the loss as experience
Miembro desde Feb 22, 2011   posts 4862
Feb 02, 2017 at 12:20
snapdragon1970 posted:
You cant have a record if your working on a trading desk, its FCA rules only when you leave you can start a Trading record. When most traders leave they take some private clients with them, those account are protected under privacy laws, I don't make the rules but that's the way it is. That's why you wont see them looking for investors through advertising, most is by word of mouth, friends of friends. It's easy to make a fake account also ,so be very careful about trusting someone with your hard earned cash.

Easy tip,

look at the advisor (the guy who gives you the advice)
follow just advice only if this guy have some profitable record
Miembro desde Feb 22, 2011   posts 4862
Feb 02, 2017 at 12:20
Darren72 posted:
1. Define your risk tolerance carefully
2. Plan the objectives. Stick to the plan
3. Choose the Forex broker carefully
4. Select an account type according to your trading style
5. Begin with small profits, increase the size of the account through gains
6. Focus on one currency pair to expertise
7. Do what you can understand
8. Do not add to the lost position
9. Restrict emotions
10. Study your trading success and failure
11. Automate your strategies
12. Keep your strategies simple and have a good trade plan
13. Know all the probabilities of Forex market
14. Share experiences and learn from the judgments
15. Study markets with complete technical & fundamental factors responsible for price action

Easy tip,

look at the advisor (the guy who gives you the advice)
follow just advice only if this guy have some profitable record
Miembro desde Sep 12, 2015   posts 1948
Feb 02, 2017 at 13:57
People come in Rolls Royce to take advice from someone who goes home on the subway.
"They mistook leverage with genius".
Miembro desde Feb 22, 2011   posts 4862
Feb 02, 2017 at 14:00
snapdragon1970 posted:
People come in Rolls Royce to take advice from someone who goes home on the subway.

when you take enough LSD perhaps :)
Miembro desde Sep 12, 2015   posts 1948
Feb 02, 2017 at 14:12
No need for LSD, some just like to gamble, plus when you have fancy office in the City it looks impressive.
"They mistook leverage with genius".
Miembro desde Feb 22, 2011   posts 4862
Feb 02, 2017 at 14:17
snapdragon1970 posted:
No need for LSD, some just like to gamble, plus when you have fancy office in the City it looks impressive.

you still sounds like far away from reality :)
Miembro desde Sep 12, 2015   posts 1948
Feb 02, 2017 at 14:28
Yeah I was pretty shocked too , I though things had changed after the crash, but when I walked into that office on my first day it was like a scene out of wolf of wallstreet.
"They mistook leverage with genius".
Miembro desde Jun 07, 2015   posts 90
Feb 02, 2017 at 14:44
wtf are you two talking about....???? where is the unsubscribe button, geesh
Everything in the market is like a fart, if you have to force it, it is probably shit
Miembro desde Feb 22, 2011   posts 4862
Feb 02, 2017 at 14:58
dkilmer posted:
wtf are you two talking about....???? where is the unsubscribe button, geesh
dear flying spaghetti monster it is top left corner
Miembro desde Jul 09, 2015   posts 48
Feb 02, 2017 at 15:05
snapdragon1970 posted:
No need for LSD, some just like to gamble, plus when you have fancy office in the City it looks impressive.

True! No doubt why the financial institutions invest so much in offices and physical locations - to instil trust among those who pay attention to such fancy things 😄
Miembro desde Sep 12, 2015   posts 1948
Feb 02, 2017 at 15:59
MC85 posted:
snapdragon1970 posted:
No need for LSD, some just like to gamble, plus when you have fancy office in the City it looks impressive.

True! No doubt why the financial institutions invest so much in offices and physical locations - to instil trust among those who pay attention to such fancy things 😄[/quote
Everyone likes to walk into a nice office, your right it instils trust and over confidence:)
"They mistook leverage with genius".
Miembro desde Sep 12, 2015   posts 1948
Feb 06, 2017 at 01:12
Any comments on this Trader Meir Barak, worth checking out even though hes using L2
"They mistook leverage with genius".
Conectarse / Inscribirse to comment
You must be connected to Myfxbook in order to leave a comment
*El uso comercial y el spam no serán tolerados y pueden resultar en el cierre de la cuenta.
Consejo: Al publicar una imagen o una URL de YouTube, ésta se integrará automáticamente en su mensaje!
Consejo: Escriba el signo @ para completar automáticamente un nombre de usuario que participa en esta discusión.