rawmayo

Re: How To Make Day-trading Easy

hi Roxen,

your post is spot on, choosing the proper time of day to trade can make a tremendous difference. for example I know some fellow traders who have tried to take profitable manual systems designed to work during the london market and then trade it during the asian market with much less success, then get angry about losses and declare the system does not work.

Re: Thumbs up Useful advice for beginners

Althou I do not consider myselfe as a newcomer in forex world, I have been in forex for 5 years already, I still have a question I have not found any answere from anywhere. So maybe someone can answere it here, and here it goes:

I have heared many times that high leverage is dangerous for new traders and here is the question: Why??

Here is why, high leverage gives the newbie trader more ability to destroy his account faster,

example

broker A, leverage 100:1, margin call at 100%, trader acct = 2500

a trader might max out his available leverage and trade 2 std lots, so he has to deposit 2000 margin, after 25 pips move against him he will get margin call and have lost 20% of his account on one trade.

broker B, leverage 500:1, margin call at 5%, trader acct = 2500 - fxpro actually offers this exact leverage and margin call policy

a trader can open as many as 10 std lots, and can wipe out his account in 25 pips.

Re: Successful Manual System Anyone?

the MAX manual trading system works very well, although they have raised the price by alot in the past few months.

Re: Automated System or Manual System?

I trade manually only. I have tried many EA's and also created many EAs for myself and have never been able to match the consistency of manual trading.