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Godspeed108
Autotrade question.
in
New Traders
May 26, 2015 at 08:26
Can someone please explain to me what minimal balance is and how it works in the Autotrade. I read the info, but I could not understand or see the "big picture" so to speak. My understanding is, if I set the multiplier to 0.1, or 0.2, etc, then when trades are open by the SPs, they would be opened proportionally according to the multiplier, correct? So if the SP open a full lot, then my multiplier setting, say to 0.2, will open 2 mini lots. Is that a correct assumption?So why is it riskier to have a smaller minimal balance than having it at 100%? I think I'm missing something in ...
Autotrade question.
in
General
May 23, 2015 at 12:03
Hi folks, I am new to using MyFxBook's auto trading feature and I'm just demoing it at the moment. My question is, is it possible that some people who provide signals aren't actually trading but just offering a portfolio of a selection of people they are following? I don't think its wrong, I am just curious. Cheers.
Hi guys -I am new to fxbook
in
New Traders
May 15, 2015 at 13:16
I see that he is trading only EUR/USD. On the plus side, he is focusing on only one pair, which I like. The only thing I will say to that is if you are going to follow his signals, then you might want to diversify yourself a bit with other people who trade other pairs or have a portfolio with various trading pairs.I also see that his track record is not verified.In regard to what Rihan said about lot sizing, he is using 1:500, that's 5 full lots, perhaps that is the contributing factor to huge drawdown? Can anyone else elaborate more on this?Also,the currency is in RUR....is the Rubles?
What is your trading schedule?
in
New Traders
May 15, 2015 at 13:16
I sit down and look at the markets during London session and then makes preparations for the US open. I am a full time trader and I like having a work schedule of certain times. The regularity gives me a framework on how to plan my day. If my trades are fulfilled during the US session, then I close with a smile. If nothing happens after a while, then I close shop and try not to force my trades. Good luck to you. :)
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