Making Money As A Forex Trader

Hey can you still invest using margins/without your own money?

I remember many years ago there was a guy doing this in the stock market never using his own money. I can't remember what it is called though. Maybe it is just called margins?
 
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It is called leverage. However, you are still risking your own money and can lose it quickly. All leverage does for you is allows you to buy larger contracts without having a large amount.



farfetchedmoney said:
Hey can you still invest using margins/without your own money?

I remember many years ago there was a guy doing this in the stock market never using his own money. I can't remember what it is called though. Maybe it is just called margins?
Click to expand...
 
farfetchedmoney said:
Hey can you still invest using margins/without your own money?

I remember many years ago there was a guy doing this in the stock market never using his own money. I can't remember what it is called though. Maybe it is just called margins?
Click to expand...

Yes you can still leverage but the new US law limits the max you can leverage to 50:1 .. used to be 200:1 or even 400:1
 
Have you tried any of Marcello Ducille's automated trading systems? Like the weekend warrior or fxedge hybrid? I have done some back testing and the results are pretty staggering. I would like your feedback.
 
winner88 said:
Yes you can still leverage but the new US law limits the max you can leverage to 50:1 .. used to be 200:1 or even 400:1
Click to expand...
True, there is also the FIFO rule. While the everybody outside the US enjoy the ability to close their trade in any order they like, we here in the US are limited by FIFO.
 
I have been having some success recently with pivot points - I like the break of S1 or R1 with S2 and R2 as a target. But I like to take my profit about 5 pips before S2 or R2 incase price misses those levels by a few pips. I also just use 1:1 RR ratio.
Although it really is like watching an unpleasant shade of brown paint dry in slow motion sometimes.
 
Forex can be a rollercoaster ride for the newbie, that's for sure. When I first started with it trades were profitable right & left so it seemed so easy. After a few brilliant loses I realized how important it is to have a solid strategy with stop loses. If you don't have a plan to stick with then it's so easy to let emotions get the better of you.

I know a few people asked about indicators. Personally I find that there are so many indicators, your best bet is to just pick a few and learn how they work, build & test a strategy using those indicators. And stick with it.

My account now is still on the modest side but it is growing & w/a lot less drama than my first go around :D
 
Make money on forex sure...be a broker or dream seller. Like everything else.
 
BUll s***....99% of wannabes i came across were so full of crap with their "track record" it was a joke.

This is my view on forex. I tried it for years. I studied, I tried a lot of strategies but in the end i always failed. Even if you know everything and you have a profitable strategy, very few people are made for trading. It gets emotional very quickly. Greed and panic are very strong emotions which cause trading mistakes.
However I recently found a way to make money with forex without the emotions. Outsource your trades to real traders!!! Really, it is actually pretty cool. Out of thousands of traders you choose the best ones based on their statistics, diversify your portfolio, do good money management and off you go.

I'm well on my way to double my money in 2 or 3 months.

Just go to the platform site and sign up for an account. You can start with a virtual one. It's totally free.

If you want the url and help with setting your account up with successful traders and proper settings, pm me an e-mail address (I can't send pm's). I will gladly help you out. I use 10 or 11 traders which are really good.
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HTH!

Code: 
[URL]https://secure.efxnow.com/forex2/eng/ct-dummies.pdf[/URL][URL="https://secure.efxnow.com/forex2/eng/ct-dummies.pdf"]
 
[/URL][URL]http://forexcandlesticksmadeeasy.com/downloadcandles.htm[/URL][URL="https://secure.efxnow.com/forex2/eng/ct-dummies.pdf"]
[/URL]
 
DrJekyll said:
Heads = a buy order
tails = a sell order

Cant go wrong
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Assume for these purposes that the market is mostly random, if true then that means that an X point move up or down has little value in determining what the market will do next because, of course, if it did have value then we could use that to predict it.

+5 and -20 point target and stop will win 80% by random chance

Code: 
[URL]http://www.traderslaboratory.com/forums/trading/11583-mathematics-stops-choose-your-desired-win.html?utm_source=TL+Newsletter&utm_campaign=ec4b7b3c76-NL_01_05_2012_Win_Rate_1_4_2012&utm_medium=email[/URL]
;)
 
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I liked forex for the fact I could start with mini lots n not have thousands to start with. I think one thing that comes up time n time again is trader psychology which in my opinion is no different that if you are trying to make money in im
 
I work at one of the most reputable forex companies in the world. If you have any questions, PM me.
 
Trader professions is more difficult.

Only 2% earn money, who makes more money here are the intermediaries (broker). If you want to make money, forget forex (foreign exchange market), options, stocks, CFDs, warrants, futures .. and read this forum.
 
very easy to fall in for the benefits.. very difficult to get out of d shit..
 
I've heard that forex trading is like gambling.
And i'm wondering if there's a big risk of losing money or if i'm good at handling this will i profit good?

Thanks! :)
 
99% fail at everything they do because they over complicate it, Forex is just another business, treat it as such.
 
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