ForexAssistant's Posts - Page 6

Ikon Group - DukasCopy in New Traders Jan 28, 2015 at 04:42

Almost all brokers have some limitations and you still need to talk with the individual brokers to see if they are right for you. However, I personally like FXDD a lot better and would use them before Dukascopy. But you really should talk directly with the broker that you are thinking of doing business with to make sure they fit 'your' trading style.. There is a page on MyFXBook here that compares the spreads of a lot of brokers. http://www.myfxbook.com/forex-broker-spreadsMaybe you could save some time by looking at that first. When you find the ones that interest you, call them and...

Prove your trading worth... 100% weekly on a consistent basis - long-term? in Experienced Traders Jan 27, 2015 at 17:40

When I wrote "professional traders" I meant institutional traders. I guess we are all professional traders if we make our living by it. But really, you don't have to be rich to make a nice living even on 2 or 3% a month. The profits on $100,000 would yield a monthly income greater than $2,000. There are not too many places in the world where you would have to struggle on an income like that. On 5% ($5000 a month) you could afford to live in Moscow. But I have always felt that safety was more important than big numbers so my perspective maybe somewhat skewed. Bob

American Forex Traders: Solutions to Low Leverage , FIFO and Hedging Ban's: in Experienced Traders Jan 27, 2015 at 07:26

Well yes Vontogr, that is important, especially for the Americans that were using FINfx but I think that what this really shows is the level of the problem that Americans face. I keep talking about the options but it really looks to me like the best option is to not try to trade as a US citizen. Either leave the country ourselves or at least to create a separate trading entity (IBC) under some other (offshore) regulations that are more friendly to our cause. As traders, it is our job to manage risks. The propensity to over regulate is sufficient risk that it needs to be dealt with on some l...

Prove your trading worth... 100% weekly on a consistent basis - long-term? in Experienced Traders Jan 27, 2015 at 06:57

Does it appear that this gentleman doesn't know much about real trading? Very good professional traders are happy with 5% a month if it is consistent. By the restrictions of reality, this is going to be a very short thread. Bob

Myfx and another EA in New Traders Jan 27, 2015 at 06:44

On every click of the currency pair the Myfxbook EA reads the information from your account. It doesn't matter what chart you put it on and that chart can even be shrunken. But you want to use a currency pair that is somewhat active so it will update MFXB promptly. The magic number isn't really a factor for the MFXN EA but you can have 7 digit magic numbers. You couldn't possibly use all the available numbers. You can have two MFXB accounts updated from one trading account by using two MFXB EAs on two separate charts. I have my students do this so I can keep track of their prog...

Risk Management Made Easy in New Traders Jan 27, 2015 at 05:29

Dave, you gotta get out more. I wish I knew how to make Jpegs to put on here to make my point but you will just have to click on the pdf attachment, sorry. Bob

I'm new to Forex trading and looking for some advice in New Traders Jan 26, 2015 at 14:53

That is no longer necessarily true, although it was just a couple of years ago. Now there are proven robotic systems that allow you to start earning while you're learning, or learning while you're earning, your choice. You will be able to see for yourself how the robotic systems work and tailor the different aspects to suit your mood. Let me suggest that you download the PIG (Passive Income Generator) and use it on a demo until it hits you that there isn't any reason to not be make real money with it. All of that will come on its own. For those that live outside the US, you also...

American Forex Traders: Solutions to Low Leverage , FIFO and Hedging Ban's: in Experienced Traders Jan 20, 2015 at 16:16

It was noted that there are a couple of brokers that still accepted Americans, however, after awhile, they change their mind. Here is what I am talking about.FinFX would like to officially inform that due to regulatory reasons, FinFX will no longer offer brokerage services to U.S. citizens as of 30.1.2015.If you have any questions or inquiries, please feel free to contact us and we will be happy to help and assist you.We apologize for any inconveniences that this may have caused you and we appreciate your understanding regarding this situation. If you have any questions about the content of th...

REPLY to "REAL TRADERS" in Experienced Traders Jan 20, 2015 at 03:43

"Can you simply bet that share will drop to $10 without holding position in that stock? "Yes, it is called trading naked. However, it is not as fun as it sounds. Well that is from the side of the writer. You can also buy an option to buy a stock if the price changes by a certain amount, so you wouldn't need to own a stock in that case. But I don't want to mislead anyone. I have not done an in depth study into options. You can learn more than I know by reading Investopidia. First of all, I never started out to be a trader. I am a mathematician, operations research to be ...

REPLY to "REAL TRADERS" in Experienced Traders Jan 19, 2015 at 15:04

“Never seen options trader either in flesh or on line. Must be rare animal. “Not so rare if you think about what an option is. Lets say you have a nice home and you want to protect it from fires or floods. You go to a market where they sell options for the type of protection that you want. Insurance companies write those kinds of options. Now, if a fire or flood happens, you have the right but not the obligation of having the insurance company pay off. I think everyone would agree that the insurance companies do very well protecting against unforeseen disasters. Lets say I bu...

REPLY to "REAL TRADERS" in Experienced Traders Jan 18, 2015 at 20:42

Well, I undrstand the basic principles but don't have any real stratagy. All of my time has gone into research for the new forex market. So I took the liberty of inviting someone to join us that is competent in those markets. I don't know if he will be able to drop by but I invited him anyway. I would like to know more my own self.Bob

REPLY to "REAL TRADERS" in Experienced Traders Jan 18, 2015 at 08:21

“Bob, I really like you. You are a very very good guy :) “I'm blushing over here... However, thanks Chikot, I really do appreciate the kind words. Now as to where can an active trader get the most bang for the buck, well, I would imagine Super Trader Karen would tend to agree with you. That little girl turned $100,000 into 41 million in 5 years. My robots can't do that but just about anybody can run a robot. I can go days without even checking on mine. I'm free to enjoy what I have worked for. I think that if you're smart and young with a good heart, you shoul...

Traders Give Birth to a New Idea, premier announcement in New Traders Jan 18, 2015 at 07:20

HolyCow is back, happy dance..."We can have different languages but share same views and then we can find common ground even when our fist languages are different."Yes, but to share views we need to be able to hear and understand what each other is saying. Any psychologist will confirm that we don't trust things (or people) that we don't understand. Why are Canadians, Australians, New Zealand and England our brothers while Mexico is our friends to the south? We feel closer to those people that we understand.I have come to call a universal language “Terran” and ...

REPLY to "REAL TRADERS" in Experienced Traders Jan 17, 2015 at 04:12

Well you can't make a living with that amount but you can safely make 25% a year and with a few extra deposits along the way, a person could easily retire in 10 years or so. Think about when we first started out. If we could work our asses off for ten years and would never have to work again because our investments have taken over the income, well that sounds like something that many new traders just might be interested in doing. But when you first come in to this market and everyone is taking - 5, 10, 25% a month, to fit in you have to be just as good, right. We really have a pretty ...

REPLY to "REAL TRADERS" in Experienced Traders Jan 16, 2015 at 22:25

No one needs to feel shame about losing on this tremor. Big name brokers like Aparie and FXCM really got slammed. Aparie may even be going out of business. Things like this can ultimately end up hurting traders everywhere. The news room talking heads are saying this will be the news event of the year, my opinion, this is just the early tremors. The Swiss didn't jump to this decision without cause. It's the cause that I am concerned about. What if there is a movement among all the banksters to get all the currencies on a 1:1 basis. I have been suspicious of that for sometime now,...

Best forecasting sites/utilities. in Experienced Traders Jan 14, 2015 at 22:36

Yes but that won't help me with my goal. Three news sources were forecasting the future of oil back before the holidays. All three had oil bouncing off of the $50 mark and one going as high as $85 before June.Of course looking at the price chart for oil, no one would expect any kind of a bounce at $50, and it didn't. Next stop was $45 a barrel. You can't listen to the news because the may have other agendas than the welfare of your portfolio. So if you can't trust humans then it makes sense to go to robots, they don't care about anything that isn't on their programm...

Best forecasting sites/utilities. in Experienced Traders Jan 14, 2015 at 15:02

"They work good either in trend, or in ranging market, "Ok. Is there an indicator that tells us when a pair is ranging or trending and right at least 70% of the time? There are quite a few really sharp minds on this forum. I figure that if we all pull our energies and resources, we stand a chance of beating this thing, but it's only a chance at this point.Bob

Best forecasting sites/utilities. in Experienced Traders Jan 14, 2015 at 06:35

I would also like to add into the original question which leans more toward the long term trades, the same question about short term trades. What is the best indicator to determine when to buy or sell at any given moment. Lets say we have had one trade close and want to open another immediately. Both the stop-loss and the take-profit are the same, say 25 pips. Is there an indicator that is right at least 70% of the time within those limits? Or it could be wrong 70% or more, that would be good too as we could always just flip our trades from its indications. I've went through hundreds o...

Any low risk strategies with good returns? in Experienced Traders Jan 12, 2015 at 16:17

"the best solution so far"Exactly what solution is that? I see a graph with no history and no live trades. I might be interested in learning more but I have no idea what you are doing. Posts should be somewhat educational, yes, we all have different ways of trading but the only point of being on these forums is educational. Rob, why don't you tell us how your system works and why. Then we can all share in the discussion. Adrian, got a question about your trades, which is your favorit robot and which is your safest?Bob

Passive Income Generator in Trading Systems Jan 12, 2015 at 16:04

Yep, I am right there with you. I'm 62 and don't have a lot of time to make up for any mistakes. My startagies have to be based on math as that is the only thing that can be consistant for many years. I also diversify my holdings between several different stratagies and markets. Safety, safety, safety.Bob

EURUSD	1.04314	GBPUSD	1.25751	AUDUSD	0.6255
USDJPY	156.321	USDCAD	1.43677	USDCHF	0.89303

Posts by ForexAssistant