Recent content by myLIVEaccount

Interesting indeed, but do you know what balance do they need for these brokers' contests? Do they limit the number of accounts per individual? I can imagine to open 10 live accounts with $100 balance and experiment a lot with them to get super % return in short time... You can do crazy things...

Thanks F, I mostly agree, you're right that managing 10k or 10mil account is a bit different "game". You say you are only impressed with the commercial/institution if you see say 40% per annum on 50 or 100 million pound account... Well, in 2013 average return of mutual funds was around +7.0%...

great topic, but I doubt someone would like to see that mess I'm working in:-)

Sure, if it works for you then it's OK. I don't use martingale as long as it's not sustainable IMO and I don't see any way how to use it in long-term. No stoploss and adding into the losing positions with no pre-defined % RISK limits = margin call sooner or later.

Hi Neil, that's a good question. But why not? It can be an extra income with no extra work for me as long as I use trade copier and trading on my own or for 100x more followers doesn't make any difference. More money from subscribers means more money that can be used for my own trading. What's...

So once again, no hedging or martingale. Max. drawdown since Jan 25 kept under -1.90% with avg monthly growth around +1.80%. http://www.trade2win.com/boards/forex/193440-truth-about-fx-trading-3.html#post2419812

Not sure how did you figure it out, but nope, I'm not. You can check the whole trading history and you won't find even one hedge. Btw. not my kind of trading but just curious, what's wrong with hedging? :sly:

I recommend GlobalPrime, Australia. I'm with them since Nov 2013, ASIC regulated broker, they provide ECN accounts only, with great support and low spread + fair commission. Milan

Ok, for a total number of trades, there's nothing easier then click on my myfxbook profile and see. In avg, 2-3 trades = one setup, so if there are 150 trades in 10 months, we are (in avg) talking about 5 setups a month. However, each setup has different number of trades, lot size, diff TPs...

It's all about probability IMO. I've experienced 1 losing setup in 2013 and none in 2014 so far. With avg +2% monthly growth, I can live with 6% max DD. Since Jan 25th when I applied new risk measures, I have avg monthly growth vs DD ratio around 1:1. But if you know about any investment...

Hello Solas, Zulutrade is a great concept indeed, however it has few "little" problems. 99% of providers there (and unfortunately BEST RANKED) are DEMO traders. That means their actual risk is equal to ZERO. You risk real money - they don't. Not so funny when things go wrong! IMO, difference...

That must be impressive performance Pat. Any 3rd party verified, trading record available?

It's not about leverage, it's about TOTAL RISK taken and how comfortable you are with it. E.g. if you check my trading strategy, I have around 2% avg month growth with max. 6% drawdown. 6% is also my max. risk that I have in each setup. For me, personally, 6% is the maximum risk I'm ok with. Of...

Don't take it personally, but main reason why 95% forex traders fail in long-term are unrealistic expectations. Forex became very popular market thanks to easy access and super-low deposits. New traders are being hyped by fx industry, brokers, VPS providers, signal providers, etc. that forex...

Well, not exactly. It's $36 from 2k balance. Check this link for more details: http://www.dailyfx.com/forex/education/learn_forex/the_basics/making_a_forex_trade/3/2009-10-14-0054-Leverage_and_Margin.html Btw. with leverage 1:200 you'll be out of the game soon I'm afraid:-)