Recent content by Igat

I would be more annoyed about not having a proper exit strategy in place. You should be trading for the skill and experience at this stage. In this example if the move continues beyond your take profit point reflect upon your strategy (say for example take a 70% out at 50 pips then move change...

Chart patterns, candlesticks, support and resistance (including pivots) with a dash of fundamental awareness.Thats all I use.

I would still be prepared to pay £5,000 to train by a professional prop firm. Education for me is always ongoing and just another expense. However it would have to be training that gives me something a bit different from what I already have.

Wow this sounds familiar. Everything you are experiencing is just about familiar to every trader I would guess. I made what sounds like the same mistakes you made and had the same butterflies (I still have them but not to the same extent) I guess we wouldn't be human if we felt no emotion whilst...

I find all investment vehicles have a cycle but the reason I prefer real estate is I can leverage my investment with banks money which as far as I know cant be done with any other kind of investment other than running your own business, and I receive monthly income from my portfolio. But like...

lol yeah shot myself there.

You made me read 16 pages and I still cant find how many pips a pro rakes in a week on average. That sucks :twisted: But in all seriousness I can understand why a newbie would ask the question but really its a question that cant (already explained I like the roulette analogy) and even if it...

Glenn's advice is very good and especially the bit about professional advice. Unless you specifically pay an upfront fee to the advisor and they are not tied to any product and receives no commission on sales of any product, you are not receiving advice what you are receiving is a sales pitch...

Not really. Its basic stuff really and even if you didn't have the formula to hand most people should be able to convert currencies from one to another if they know the rate. In this case its converting one to another at one rate then converting it back at the new rate. On the subject of maths...

Sounds a bit crazy even if your figures dont account for the spread.

As the poster was not clear as to how the $1000 was to be invested I gave them a leveraged and an unleveraged example. The unleveraged example was as the poster started with dollars the assumption was he was buying Euros using no leverage. The 1000 dollars would get him at a rate of 1.4510...

You really aren't giving enough information. Firstly are you using any leverage? If so are you using the full $1,000 on the one trade. If for example you are using no leverage and investing the full amount then it goes (assuming the buy) 100 pips is equal to 1c $1000/1.4510*(1.4510+0.01) =...

If you are not going to share it why even mention it?

I am with arabianknight here specialisation is key to our real world trading. I have at present a high comfort level with trading one pair whilst I expand my knowledge of a second. I think I will eventually get to three and just stick to that. I don't think I can productively manage more than...

Not using the word prediction is simply a personal choice. It implies a few things that do not fit with my trading style. Just like I consider myself a trader and not a gambler. Whilst on the casino analogy here. on a micro scale every spin of a roulette wheel is a gamble for both the punter...