*Official* Forex Trading thread.

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rayzzzz82

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The reason why I post here is because I do not want to see traders who just start trading make the same mistakes as I do.

Anyway, since u insist that I do not have anything, allow me to show u two of my past account which I held (for info, I have altogether 93 accounts - some do make a loss but less than 20%). I will open for a day and make it private the next day. Do enlighten me what u know from it.

https://www.myfxbook.com/members/nutkaze/safe-system1/838699
https://www.myfxbook.com/members/nutkaze/safe-system28/1046564

Please note that I am not trying to boast anything or whatsoever. all I wish to highlight is not to be swayed by everything that is said. Do analyse them and absorb when it good for u.

Forex is not meant for everyone and anyone. 95% traders do not make a profit and more than 99% traders do not make profit consistently!

Edit - I have nothing to prove. If you do believe me, I am glad to share that I have made profit over the past three years. Exact details shall not be revealed here.
 
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Knight_Rider

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rayzzzz82 said:
why not u share with you your myfxbook account. It better than just showing a screenshot? :)
Click to expand...

Like I said I share more than enough concept and ideas. Nobody will be willing yo do what I do. Even screenshoot how many people are willing to do that besides me?

We see what comment people give on your myfxbook then we conclude. See people will share their skill and knowledge or not.
 
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rayzzzz82

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they use the same strategy. The exact strategy I shall not highlight here. but it is unlikely to be duplicated so easily.

Everyone can share their concept and ideology here. It is highly welcome. I urge everyone to share the good one which they have proven themselves. It is so easy to lose money once one strayed off from the right track.
 
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xersion

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rayzzzz82 said:
they use the same strategy. The exact strategy I shall not highlight here. but it is unlikely to be duplicated so easily.

Everyone can share their concept and ideology here. It is highly welcome. I urge everyone to share the good one which they have proven themselves. It is so easy to lose money once one strayed off from the right track.
Click to expand...
Why not share ur algo trading

Sent from OPPO X9079 using GAGT
 
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rayzzzz82

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this is where my bread and butter come from. Unlikely I would share with anyone the exact method as it does allow me to (really) make money from it.
 
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rayzzzz82

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again his new trading method is not successful if u have researched further. There is always possibility of loss whichever method we use. Most impt is that we set a stop loss and abide by it.

I do not disagree that in the long term, this method might not work. but till now, I have made money from it and it suffice for me.
 
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rayzzzz82

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Knight_Rider said:
News trading 0 sec make or break. Over 1hr all loss. Quite dependent on algo so he got no skill to trade and cut loss once the trade goes against him. But the news feed must be quite expensive since they "know" before actual news is out. Too bad I can't afford.
Click to expand...

no matter what u call it. for me, any method that make money is a "skill" for me! What the point of being a technie or fundie when u can't even make anything out of it?


I didnt say my method is better or what. Just to highlight that risk management is a critical part which applies to all system. A system which do not manage its drawdown properly is highly unlikely to be profitable.
 
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Knight_Rider

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rayzzzz82 said:
again his new trading method is not successful if u have researched further. There is always possibility of loss whichever method we use. Most impt is that we set a stop loss and abide by it.

I do not disagree that in the long term, this method might not work. but till now, I have made money from it and it suffice for me.
Click to expand...

The price is high for accurate news feed. We might not know the actual direction so normal traders will trade retracement to be safe.
 
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rayzzzz82

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I do invested quite a fair bit for this strategy. It gives an edge and in trading forex, a slight advantage is all that is needed to make money.

Edit - if there isnt any more comment, I will private the myfxbook account. If you wish to know more, pm me.
 
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Knight_Rider

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rayzzzz82 said:
no matter what u call it. for me, any method that make money is a "skill" for me! What the point of being a technie or fundie when u can't even make anything out of it?


I didnt say my method is better or what. Just to highlight that risk management is a critical part which applies to all system. A system which do not manage its drawdown properly is highly unlikely to be profitable.
Click to expand...

DD only applies to robots. You dun need to be a technie so you dun really need to pursue other people entry and exit.

As expect only 2 of us talking I shall stop here.
 
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rayzzzz82

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I am not sure what u mean by DD applies to robot? EA does help to manage the DD by cutting off the trade whenever a certain DD is reached. Manually one can do it themselves.

From the a/m statement, I am inferring that skill to me is something that is able to feed me or in another sense, making money for me.
 
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meltan1990

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its gd that people share and voice their opinions...

diff ppl have diff methods. no right or wrong.

whatever way tt brings in the pips for u
 
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