Recent content by The Artist

Not sure you can make money from this Fxturtle account now that it has hit rock bottom. Surely most followers will think twice regardless of your future performance. Perhaps a brand new account would be better. Just a thought. :)

Well that is up to you. There are all sorts of systems with different monthly ROIs, just pick what you want. I was not referring to scalping as in running the spread and making the market. The spreads of the allowed brokers are too awful to do that you are right. I was referring to strategies...

Hello all, It has been 1 year since I posted this so I thought I would briefly update. Collective2 and Zulutrade are clearly completely different animals but in terms of popularity a good system will always be able to get some subscribers on both platforms. However, in terms of rewards...

I'm also short of that threshold at the moment but anyway I would consider anything above £20k/£25k to be relevant for this discussion (and then I can legitimately answer :) ). I personally adhere to the "margin requirements only" school of thought on that so I just keep whatever I deem...

This deals with a pre-bonus withdrawal scenarios. I was more concerned with post-bonus withdrawal scenarios.

I'd love to get in on the free lunch but what bothers me is I can't see anything about bonus withdrawal in the T&Cs. No paragraph explicitly forbids the punter to withdraw the bonus funds once they've been deposited which is quite uncommon, isn't it? And by the way, kudos on the +51% over the...

Hi, Regardless of your past and other threads, your Trade 1 data is still not making sense. Either you were running 60 pips onside on E/U, lost 40 pips on GBP/CAD overnight, and reached target on Gold for 135 pips this morning, which made it 155 pips in profit, or you changed your mind in the...

Trading on a purely discretionary basis can make it harder to determine optimumish profit target levels though when using MFE. Trailing stops can help perhaps you can look into that, depending on the trend efficiency of each pair. :)

Ok, so 13100 did cap big time indeed so that 13060 long on Monday was stopped out, then yesterday a 13030 long was stopped out as well. Today, another two buy orders, at 12970 pre-ADP which was stopped out then post-ADP which was closed at 13010 for +20 net. Overall -20 then, and not going...

Ok so I did not pay attention when I quickly created the account about Oanda's fixed margin policy and turns out 10% equity per trade risk is a no-go. It's fairly annoying because I picked them for their direct myfxbook connectivity and the only other direct option is fxcm, aside from indirect...

I think it's a bit like position management. Do you always use a profit target on a trade? The previous posters seem to be saying that one should always let their profits run as you would invariably make more money overall when really it's probably edge/system dependent. For some systems...

Hi FringFX :) Risk level is almost irrelevant here. I picked 10% because capital is very small and if I'm confident I can make +100 before -100 I might as well try to double up quickly. Otherwise, risk per trade would be within a more standard sub-2% range with a proper account. As for the...

Hello, I'm in a good mood and I want to test something out so I thought I'd share. Trading solely EUR/USD (spot) and using fixed risk and fixed stop-loss of respectively 10% and 20 pips per trade, I'm going to trade until I gain or lose 100 pips during the month. Conveniently, next Monday...

Hi, Nice to read about different approaches. I probably spend less than 1hr a day, and very rarely more than 15mins consecutively. I use alerts to let me know when/if price hits levels of interest so I can do other things than stare at it whether I am in a position or not. And even though i...

Personally I don't really agree with the whole demo trading idea. In fact, I think demo trading should only be used to familiarize oneself with a trading platform and get comfortable with the different types of orders. Beyond that, beginner or not, if you are not willing to lose money, then you...