dxnation's Posts | Myfxbook

From Gaining consistently to Losing account in 2 weeks. in Experienced Traders Mar 04, 2014 at 08:58

I have sent you a PM a while ago. will keep you posted as I progress.

From Gaining consistently to Losing account in 2 weeks. in Experienced Traders Mar 04, 2014 at 08:55

Thank you all for your support. I had been away from this forum for a while and was reworking on my strategies for a high leverage accounts like the one that I lost earlier. And I am glad to know that I am getting back on track with recovering losses :)2014 has begun on a positive note and I would be hoping for earliest recovery of funds lost in above mentioned account 😄.

From Gaining consistently to Losing account in 2 weeks. in Experienced Traders Dec 09, 2013 at 07:28

Hello fellow members,I would like to write about one of my account which I lost due to a bad trading strategy and would like to come honest about it and say that it was a genuine mistake by me.Though, I have been trading successfully for past 5 years now and have been successfully making money. I overlooked one of my account and it went down in ashes in a matter of short time.I am sure people who trusted my strategy would be feeling pissed off as I blew my account but I want to come out in open and admit my mistake and want to tell them that I tried a different approach then my existing strat...

do you think FOREX(EURUSD) will be legalised in INDIA in Experienced Traders Nov 24, 2013 at 07:58

@vijayinvites India buys anywhere between 8-10 Bn $$ worth of oil every month. This is single most import of a commodity purchased by India from overseas. No amount of trading can reach this large scale. So this is not the reasoning behind govt. for not giving access to retail forex trading.They want to promote their own Forex Exchange Trading and would try to divert traders to use their platform.

Traders from India in New Traders Nov 22, 2013 at 18:00

Sure bet riyaz,Feel free to ask questions here and I will try to answer :)Forex Trading is indeed very interesting.

do you think FOREX(EURUSD) will be legalised in INDIA in Experienced Traders Nov 22, 2013 at 09:49

I guess it won't be legal for a long time in India as the Indian govt. doesn't get any tax benefits from the profits made by the traders.Its more of a political game currently.Use moneybooker to deposit / withdraw funds. Or trade with others who are outside of india.

INDIAN FOREX TRADERS - INTRODUCE YOURSELF in Experienced Traders Nov 22, 2013 at 09:49

I posted this question a while back and I found the answers too. So I thought to post it back here so it could help other members too.Open an account with moneybookers / skrill (FYI Liberty Reserve is shut down by US govt. based on fraudulent activity).Fund it with your Debit Card as the funds can be withdraw-ed to the same card. (Visa or Mastercard)I currently use HotForex and I have also heard good reviews about Instaforex PAMM accounts.RBI has issued a guideline for not trading forex in overseas market. However, their system isn't secure yet. (Word of caution, play safe)

Traders from India in New Traders Nov 22, 2013 at 09:49

This post hasn't been active since a while. I would like to say hello to you all.Let us reconnect on this forum.Regards,dxnation

Can you consistently make a profit of USD2000 on a USD5000 account? in General Nov 13, 2013 at 14:58

Why do we have a 20 page on a debate like this ?? The original poster itself replied twice after posting this question. Theoretically it is possible to make such gains but that involves trading high leverages / scalping / big volatility / and tons of other parameters.And it is suicidal to trade on high margins and bigger leverages. We can simply end this debate by not arguing on who can do it and how can he do it. Rather share knowledge on:How can a trader gain consistent Pips (the goal should be to gain pips not $$) ?How to enter and exit trades ?How to efficiently manage equity ?etcI hope ...

HotForex PAMM in Trading Systems Nov 10, 2013 at 21:01

yes, I see the same !! This is really strange. This is a new account and equity is 5k itself, I don't know how this 100k came into the system. It should be a glitch somewhere in the system. Let me try to unlink and link the account back to see if it gets resolved if not I will write to the myfxbook support team.

fxtraq: myfxbook on your Android powered device in General Nov 08, 2013 at 14:01

fxtraq might not be connecting with myfxbook database currently. Thus we are not able to access the data from app.Hope this gets resolved sometimes soon. I greatly support this app.

NFA Exemptions Filings as CPO ? in Experienced Traders Nov 07, 2013 at 09:24

Thank you FXRX for the information that you shared with me.I did filed the Exemption and now I am good to go.

Wher Are All The Good Money Manager in General Nov 07, 2013 at 07:37

There are few good money managers on this website for sure.I have started managing client funds since six months after I met couple of investors here and have had a good success till date. I try to gain around 5% profit on my accounts every month, which in my view is achievable and should be okay with investors who are looking for stability and low risk.Thanks to myfxbook and few other listing sites, I am getting good exposure to my account and I'm able to work with more investors now.Currently, I have 8 investors under my fund manager account and looking forward to make steady gains and a...

fxTrade in Trading Platforms Oct 17, 2013 at 14:24

I have been using Oanda's FxTrade Java Application for over 5 years now and I would say that it is one of the very good trading tools available.I am sure Oanda does have a huge advantage due to the fact that they offer this trading tool.I have suggested tons of people to open their accounts with Oanda due to ease of use for the newbies to learn and adapt to forex market using this application.One major difference here is that a trader can actually buy any number of units instead of standard lots.

HotForex PAMM in PAMM Brokers Oct 17, 2013 at 12:52

I have had a good experience with HF PAMM.I had opened an account after having a conversation with a client here on myfxbook and now I have been growing my account as well as growing client base.The customer service is good.The trading platform is good as well.For PAMM Managers:Open a PAMM Manager Account - This is where your clients will invest funds in your account.Open a PAMM Commission Account - This is where your revenue share / Performance fees will be deposited.Opem a PAMM Investor Account - If you want to reinvest your profits back into your systemNote: For performance fees withdrawal,...

How well do you think i should manage 300$ ? in New Traders Oct 12, 2013 at 21:07

Being new to trading I would recommend you to open to accounts1. Real - 300$2. Demo - 300$Work on demo account and tryout different basic techniques such as reading candlestick patterns, trendlines, fibonacci etc.Once you feel comfortable about a trade, execute it on demo first and then on real account. Try to put smaller trades and gain small pips in earlier stages as it is a smaller amount and you do not want to blow it up all.I hope this is helpful to you.

A big if in General Oct 10, 2013 at 07:55

This theory has worked well for stock markets worldwide where a certain company's stock have been taken for a ride by major players and then set to free fall.As the volume is low, this can work. But in forex market it is highly impossible to do such things. Also, banks and other larger institutions don't use the leverages like retail traders do so it is not possible for a major market move impact by any larger institution as well.

Do You Make a Living Trading? If Yes~ What is Your Typical Day Like? in General Oct 10, 2013 at 07:54

a) What financial instruments do you trade?I trade USD, JPY, EUR, AUD crossesMy theories works best for JPY based pairs and I do most of my work in Japan Session as well.b) what was your trading capital when you startedI started part time in early 2009 and invested $ 500.00 (Being Cautious).c) for how long do you have been doing this?I have been doing this since 2012. Have taken good vacations in between as well (My Motivation Factor)

How did you get into forex market ? What is your story ? in General Oct 10, 2013 at 06:44

I was introduced to forex in 2007 when someone told me about Alpari Forex and the same week I explored about Forex market and was introduced to Forex.com where I had created a 1 month demo account.I had explored stocks earlier so I was familiar to the trading. I went through babypips.com and forexpros.com and read everything that I could about the new exciting thing that I had not known earlier. Coming from an IT background, it didn't took me long to get accustomed to trading theories etc. and I started doing paper trade for a year.Started my 1st account in 2009 and since then no looking b...

Do You Make a Living Trading? If Yes~ What is Your Typical Day Like? in General Oct 09, 2013 at 11:02

I live off trading and my typical days is like this:Tools of Trade: 2 Laptops, 1 Smart Phone and 1 Tablet and 2 Internet Connections (by any chance if one goes down).Monitoring Tools:MyFxBook ForexFactoryMy ExcelsheetsTrading Tools:FxTrade (for Oanda)MT4MT4 Demo (for various charting, homework, indicator study etc)Time:US session / UK session Overlap (8:00 AM est to 11:30 AM est)Japan Session (8:30 PM est to 11:30 PM est)What I do in spare time ?Read, Study, Make Charts, (I am into technical and fundamental trading).Very Important Thing as @seankelly63 said, there is always tomorrow if you mis...

EURUSD	1.07664	GBPUSD	1.25086	AUDUSD	0.66012
USDJPY	155.841	USDCAD	1.36665	USDCHF	0.90709

Posts by dxnation