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Posts by
McLeonis
Favorite financial markets movies and series?
in
General
May 03, 2020 at 09:59
+1 to Billions, season 5 is starting now 😀
looking for port funding
in
Experienced Traders
Jun 03, 2018 at 12:16
2 weeks in demo trading is not enough to go live account my friend.As i see you are a day trader - scalping. So technically, you need at least 6 months or 5000 trades just prove your system might works.Don't overconfident, keep calm and trading demo. Some traders even burn account in year 3 and lost all.If you too hustle and want to trade live account, put in $100-200 and see how it works in 6 months. If it works add more slowly $1000-2000-5000-10000...You must managing risk, with scalping i think max risk per trade must be 1%.Time will answer, good luck !!
Low leverage is dangerous, why?
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Experienced Traders
Dec 13, 2016 at 06:19
In this case, actually leverage not so important as people think.It's just a margin requirements to open a position, some broker can provide a leverage from 1:2000 to 1:UNLIMITED (EXNESS). Broker will return it when you closed order but YOU WILL TAKE ALL PROFIT AND LOSS from the position.Low leverage mean you need more funds to open a position, you will bear the cost of opportunity.Example:You have a $100000 account,1 lot at 1:5 leverage, you need $20000 to open a position and not greater than 5 orders1 lot at 1:500 leverage, you need $200 to open a position and not greater than...
Interesting Zero Sum Game
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General
Oct 07, 2016 at 08:49
I know GBP will dropping lower so i set BE in my GBP order and i loss nothing 😈Sorry to hear that 😲
Interesting Zero Sum Game
in
General
Oct 06, 2016 at 15:32
Long gold ? I am betting USD 😇NFP tomorrow, my BE is ready to surf. Let's see the result. 😎
Interesting Zero Sum Game
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General
Oct 06, 2016 at 11:52
Please take a look at the ask and bid price. That is the price the market ready to buy and sell at the moment.If your questions exactly is: Why some people still buying a currency when it value is dropping low?There are so many reasons:+ The central bank want to keep their exchange rate stability. So they buy it to reduce the supply. Low Supply = Higher Price.+ Investor want to buy the currency at the low point. (If you have less capital, you are done)+ An international company need to buy goods in this country. So whatever the exchange rate is, they need that currency. The loss will be calcul...
Interesting Zero Sum Game
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General
Oct 06, 2016 at 06:31
This is a very wide question so I'll cut to the chase: supply and demand. That how the price move. There is always someone take the counterpart to execute your trade doesn't mean they will take it at any cost (price). That depend on their policies, strategy, reserve ratio...High Demand + Low Supply = Higher PriceLow Demand + High Supply = Lower PriceThe price move down when more people selling than buying and there aren't equal buy/sell orders.Sometime you get requote, slippage when the broker don't have enough counterpart to execute your orders.
Interesting Zero Sum Game
in
General
Oct 05, 2016 at 12:51
Hello Togr,Here is my opinions:Currency has a highest liquidity. Not only trader buy and sell currency. Central banks, Commercial bank, InterBank, Retail, Hedge Fund... The market is more large than we think and we know.So, there is always someone take the counterpart to execute your trade. About the same amount of currency, your broker performing that task.
Low leverage is dangerous, why?
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Experienced Traders
Sep 29, 2016 at 11:57
With my solid fund management strategy, i don't care much about leverage there is no different between 1:1 or 1:1000. I am trading now 1:500 at FxPro. The more leverage, the more funds i can use even 1:100000. 😇
after many years profitabel, but no money
in
General
May 15, 2016 at 13:36
Hello Marty,I have some solutions for you if you can't borrow money:1. Practice with demo account until it has a consistent profits over 6 months. You need to treat it as a real account, as seriously business.2. Perhaps, you must trading in a fixed duration like London-NewYork markets time. The remaining times, go get another daily job to earn money, saving it. When it reach over $1000 put it to your trading account. Saving and trading, again and again. Growth your account bigger.3. Working the outside jobs until reach your goals. Example: Your monthly expenses is over $3000.Your monthly t...
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