I have done 1,000% in 1 week twice on demo and I need to do it live...
forex_trader_28881
Feb 07, 2011 zamanından beri üye
724 iletiler
Nov 24, 2011 at 05:35
(Nov 24, 2011 at 05:42 düzenlendi)
Might want to read up on the subject a bit: https://en.wikipedia.org/wiki/History_of_same-sex_unions
And come up with some new insults. The last ones didn't work. I'm not offended.
And come up with some new insults. The last ones didn't work. I'm not offended.
forex_trader_22707
Nov 13, 2010 zamanından beri üye
46 iletiler
Nov 24, 2011 at 15:39
I would not feel offended too. And I don't need to know all that stuff to like homosexuals. I don't care if they ruled the world. haha thats so stupid reasoning. You are stupid, don't be rude to other people, who are just doing their thing. The only one intolerant here is you not me.
Now lets close this gay topic and get going with the 7forex thread.
Now lets close this gay topic and get going with the 7forex thread.
Jul 23, 2010 zamanından beri üye
70 iletiler
Nov 25, 2011 at 03:50
dear 7forex,
what really would convince folks, is a long term track record of trading with high risk / high returns.
so far from what I have observed, you have only been trading for the month of November, and you started several new accounts during this time which lasted only a few days each.
I understand your position, and I see no problems with the independent investor who wishes to use margin call as a stop loss, as long as they planned on doing that, and knew they could live with it in the first place.
High returns are possible - but not sustainable - even for the best of the best traders. So if you aren't the best trader, then what you're relying on is just plain luck and nothing more, which is a mental fallacy because trading currency and doing it right, needs well informed decision making and calculated risk taking. So far your system seems lacking in this regard...
However, I must agree with The Cyclist, that you having even mentioned trading with SOMEONE ELSE'S money, is completely and totally irresponsible. I feel bad for your mom, after you end up losing her life savings...
But still I wish you luck in your trading, because you will need it with the strategy your using.
p.s.
everyone is a little gay (or lesbian)
what really would convince folks, is a long term track record of trading with high risk / high returns.
so far from what I have observed, you have only been trading for the month of November, and you started several new accounts during this time which lasted only a few days each.
I understand your position, and I see no problems with the independent investor who wishes to use margin call as a stop loss, as long as they planned on doing that, and knew they could live with it in the first place.
High returns are possible - but not sustainable - even for the best of the best traders. So if you aren't the best trader, then what you're relying on is just plain luck and nothing more, which is a mental fallacy because trading currency and doing it right, needs well informed decision making and calculated risk taking. So far your system seems lacking in this regard...
However, I must agree with The Cyclist, that you having even mentioned trading with SOMEONE ELSE'S money, is completely and totally irresponsible. I feel bad for your mom, after you end up losing her life savings...
But still I wish you luck in your trading, because you will need it with the strategy your using.
p.s.
everyone is a little gay (or lesbian)
go with the flow; just be on the right end of the wave
Oct 24, 2011 zamanından beri üye
38 iletiler
Nov 28, 2011 at 20:44
Hey guys...1000% in a week? my only question is why? This isn't real trading. Even if you did accomplish this what would you do then?
I wil tell you what you would do. You would take the money you made and continue to trade most of it in the fxmarket. And guess what would happen during the next few weeks. Bomb!
That's the two edged sword of forex. No one who makes really good money at it will ever stop trading. 1000% increase in a week would be like a shot in the arm and you would be that much more ramped up to trade the next week. And unless you were savvy enough to move to a new strategy, lets say targeting 5-10% a month after that initial 1000percent increase, then you would simply blow up your account just as quickly as it grew.
So in the end you need to understand some trading psychology and realistic long-term trading goals, and please do not ever attempt a strategy that sets a goal of 1000% in one week.
Best of Luck,
Shawn O'Connor
I wil tell you what you would do. You would take the money you made and continue to trade most of it in the fxmarket. And guess what would happen during the next few weeks. Bomb!
That's the two edged sword of forex. No one who makes really good money at it will ever stop trading. 1000% increase in a week would be like a shot in the arm and you would be that much more ramped up to trade the next week. And unless you were savvy enough to move to a new strategy, lets say targeting 5-10% a month after that initial 1000percent increase, then you would simply blow up your account just as quickly as it grew.
So in the end you need to understand some trading psychology and realistic long-term trading goals, and please do not ever attempt a strategy that sets a goal of 1000% in one week.
Best of Luck,
Shawn O'Connor
Trading is Fun...
Nov 03, 2011 zamanından beri üye
56 iletiler
Dec 14, 2011 at 06:13
First, I would like to thank those who trust me and let me trade their accounts. I did trade one live account but the result was poor for about -70%. I am sorry for losing your money.
After carefully review my trades and learn all your comments. I believe that I should continue to trade on high leverage with stops. I need to find a broker that accepts US clients with 100:1 leverage all higher. I found one and now testing it on demo and will open a live account soon if the demo works find.
I also appreciate all your comments here. Especially, I agree that trading system can only work if we have the right mindset because psychology is the most important aspect in Forex trading.
Here are the demo I am currently trading for you to review.
<a href='https://www.myfxbook.com/members/7forex/7forex-100leverage/208000'><img border='0' src='https://www.myfxbook.com/widgets/208000/medium.jpg'/></a>
Thank you very much for ready.
After carefully review my trades and learn all your comments. I believe that I should continue to trade on high leverage with stops. I need to find a broker that accepts US clients with 100:1 leverage all higher. I found one and now testing it on demo and will open a live account soon if the demo works find.
I also appreciate all your comments here. Especially, I agree that trading system can only work if we have the right mindset because psychology is the most important aspect in Forex trading.
Here are the demo I am currently trading for you to review.
<a href='https://www.myfxbook.com/members/7forex/7forex-100leverage/208000'><img border='0' src='https://www.myfxbook.com/widgets/208000/medium.jpg'/></a>
Thank you very much for ready.
I love taking risk with the right returns.
forex_trader_22707
Nov 13, 2010 zamanından beri üye
46 iletiler
Dec 15, 2011 at 08:15
7forex can I see the that live account ?
Jul 01, 2011 zamanından beri üye
41 iletiler
Dec 15, 2011 at 08:19
What I don't understand is: if this strategy of yours is so successful, why share it with others? It seems to me that you are letting others run all the risk, but you get a nice bonus if it works. I have seen this before. AutoFX Millionaire was the latest hype, and ended with a lot of frustrated newbie traders. Granted you are doing your trading yourself (I hope), that would be a big difference.
Oct 24, 2011 zamanından beri üye
38 iletiler
Dec 15, 2011 at 08:35
I am at about 900% increase in 2 months. Thats real money. So it can be done just not in 1 week ;) IMO
Trading is Fun...
Nov 03, 2011 zamanından beri üye
56 iletiler
Dec 19, 2011 at 23:08
(Dec 19, 2011 at 23:09 düzenlendi)
I am now trading a live account with 200:1 leverage which was impossible for US clients in the past. However, the spread on live account is a lot higher than demo or even different than the spread on their website.
The spread I am trading is about 2.3 pips while their website states it as low as 1.3 pips. Every pip means 1% for me because I am trading 100:1 leverage. If I make 100 trades, it will cost me 100% or more (because I compound my trades). For this reason, my profit target will reduce from 1,000% to 500%.
After carefully considering all your comments, I am now trading with about 12 pips stops on every position and I will stop trading for at least 1 week if drawdown is at 50% or greater. Then I will need to produce 100% or more profit to get my account to even which is possible per my past experiences.
To those who want to follow my trades, you should watch my performance first because live accounts are different than demo. You can decide later to see if you want to copy my trades using trade copier if you have one or you can get one from mt4i.
Again, I am risking less than 20% of my risk capital for this high return high risk Forex trading. You should do the same if you decide to follow my trades.
Thank you very much for reading.
<a href='https://www.myfxbook.com/members/7forex/7forex-hrlive/210692'><img border='0' src='https://www.myfxbook.com/widgets/210692/medium.jpg'/></a>
The spread I am trading is about 2.3 pips while their website states it as low as 1.3 pips. Every pip means 1% for me because I am trading 100:1 leverage. If I make 100 trades, it will cost me 100% or more (because I compound my trades). For this reason, my profit target will reduce from 1,000% to 500%.
After carefully considering all your comments, I am now trading with about 12 pips stops on every position and I will stop trading for at least 1 week if drawdown is at 50% or greater. Then I will need to produce 100% or more profit to get my account to even which is possible per my past experiences.
To those who want to follow my trades, you should watch my performance first because live accounts are different than demo. You can decide later to see if you want to copy my trades using trade copier if you have one or you can get one from mt4i.
Again, I am risking less than 20% of my risk capital for this high return high risk Forex trading. You should do the same if you decide to follow my trades.
Thank you very much for reading.
<a href='https://www.myfxbook.com/members/7forex/7forex-hrlive/210692'><img border='0' src='https://www.myfxbook.com/widgets/210692/medium.jpg'/></a>
I love taking risk with the right returns.
forex_trader_22707
Nov 13, 2010 zamanından beri üye
46 iletiler
Dec 20, 2011 at 07:33
Good luck man
Nov 03, 2011 zamanından beri üye
56 iletiler
Dec 20, 2011 at 10:30
I received a lot of messages asking my trading strategy. I believe Forex trading has very little to do with trading strategy (of course, we need one that is profitable). It's a mental game.
My trading system is very simple. I just trade on support and resistance and I trust my system when I am mentally healthy. However, I may overtrade and be mentally out of control sometimes when I can lose big. That is why I only trade 20% or less of my total risk capital to avoid losing all my money at once.
So my trading strategy is to trade on support and resistance. I only draw support/resistant lines on my charts and I don't use any indicators. The other important part of my strategy is that I compound my trades.
Again, Forex trading is a mental game and I need to be a better person before I can be a better trader.
Happy Holidays to all!
My trading system is very simple. I just trade on support and resistance and I trust my system when I am mentally healthy. However, I may overtrade and be mentally out of control sometimes when I can lose big. That is why I only trade 20% or less of my total risk capital to avoid losing all my money at once.
So my trading strategy is to trade on support and resistance. I only draw support/resistant lines on my charts and I don't use any indicators. The other important part of my strategy is that I compound my trades.
Again, Forex trading is a mental game and I need to be a better person before I can be a better trader.
Happy Holidays to all!
I love taking risk with the right returns.
forex_trader_28881
Feb 07, 2011 zamanından beri üye
724 iletiler
Dec 20, 2011 at 18:24
Or maybe we just need have a nice cup of coffee, wake up and stop dreaming, and don't drag other people down with us. I gave clear concise reasons why this would fail.
No one wants to listen, go ahead. Fail.
It's the hot stove thing. I can tell you many times don't put your hand on the stove. Don't believe me, go right ahead. More investors want to feel the pain?
No one wants to listen, go ahead. Fail.
It's the hot stove thing. I can tell you many times don't put your hand on the stove. Don't believe me, go right ahead. More investors want to feel the pain?
Mar 18, 2010 zamanından beri üye
105 iletiler
Dec 20, 2011 at 18:43
I have had some good wins in my live account....like the first post stated. This is not advised as the videos show, very very very risky, but fun to show it can be done live. :)
Please don't post negative remarks or give poor feedback. This was done with high risk in my own account and I don't recommend it.
Enjoy!
:)
Please don't post negative remarks or give poor feedback. This was done with high risk in my own account and I don't recommend it.
Enjoy!
:)
Mar 18, 2010 zamanından beri üye
105 iletiler
Dec 20, 2011 at 19:12
I have used myfxbook for a while, but just recently came back and checked it out again. Really like this forum! Thanks for the posts and info.
:)
:)
Nov 03, 2011 zamanından beri üye
56 iletiler
Dec 21, 2011 at 01:45
TheCyclist posted:
Or maybe we just need have a nice cup of coffee, wake up and stop dreaming, and don't drag other people down with us. I gave clear concise reasons why this would fail.
No one wants to listen, go ahead. Fail.
It's the hot stove thing. I can tell you many times don't put your hand on the stove. Don't believe me, go right ahead. More investors want to feel the pain?
Hi TheCyclist,
I am listening and your advises are so important for me. I truly appreciate your efforts and comments. Because of your posts alone with others, I am now trading with Stops to limit my per trade risk that helps me survive for some other trades when I make a wrong decision.
Again, thank you very much and look forward to your posts.
I love taking risk with the right returns.
Nov 03, 2011 zamanından beri üye
56 iletiler
Dec 22, 2011 at 19:04
Some as me if I can make an EA for my trading strategy and they will help me to do so. My question is that it's possible to make a EA because I only draw support and resistant lines manually on my charts.
I love taking risk with the right returns.
Dec 23, 2011 zamanından beri üye
34 iletiler
Dec 24, 2011 at 09:59
I really enjoyed the replies on this thread, it make me lmao 😁
Manage Your Risk
forex_trader_28881
Feb 07, 2011 zamanından beri üye
724 iletiler
Dec 24, 2011 at 14:23
Well, funny thing is I don't use stops at all. They are a very poor way of managing risk.
But I'll tell you you this. The speed your NAV is changing at indicates the amount of risk you are taking. The faster the changes (both up and down) the more likely you are to wipe out.
But I'll tell you you this. The speed your NAV is changing at indicates the amount of risk you are taking. The faster the changes (both up and down) the more likely you are to wipe out.
forex_trader_28881
Feb 07, 2011 zamanından beri üye
724 iletiler
Dec 24, 2011 at 15:00
(Dec 24, 2011 at 15:16 düzenlendi)
Sadly MT doesn't encourage it, but if you use a decent platform like Oanda they have an exposure tab, where you can actually see what's going on in terms of risk in the portfolio.
It's possible to run massive positions which has rapid constant value changes without much risk. Can use almost all your margin, but then you have to be on the ball with the risk.
It's possible to run massive positions which has rapid constant value changes without much risk. Can use almost all your margin, but then you have to be on the ball with the risk.
Nov 03, 2011 zamanından beri üye
56 iletiler
Dec 26, 2011 at 04:24
TheCyclist posted:
But I'll tell you you this. The speed your NAV is changing at indicates the amount of risk you are taking. The faster the changes (both up and down) the more likely you are to wipe out.
I agree. I must trade better patiently and wait for the best trading opportunities to reduce the ups and downs. My current winning ratio is under 60% and my goal is to trade better with 75% or higher winning.
I love taking risk with the right returns.
