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Reply 1
Don't think there are that many active FOREX traders here probably best to try a dedicated forum such as FOREX Factory or Trade2Win
Reply 2
I'm member on both sites but was wondering if any traders where here
Reply 3
I have started trading recently and have had a mixed experience so far.

Hows your experience being?

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Reply 4
Original post by King786
I have started trading recently and have had a mixed experience so far.

Hows your experience being?

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Going okay for me, what do you mean mixed experience?
Reply 5
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.

I am taking a couple of days break and will start again.

What are your strategies and trade plans?

Any advice would be much appreciated.



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Original post by King786
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.

I am taking a couple of days break and will start again.

What are your strategies and trade plans?

Any advice would be much appreciated.



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Biggest advice i can give you, forex is a negative sum game, like poker, but unlike poker, your skill doesnt determine your results.

Stay away from forex, or risk losing your bankroll,
(edited 9 years ago)
Reply 7
Original post by rickfloss
Biggest advice i can give you, forex is a negative sum game, like poker, but unlike poker, your skill doesnt determine your results.

Stay away from forex, or risk losing your bankroll,

if you want to make £10-£20,000 a year tax free, read my threads


What threads are you talking about? I am not wanting to get into making money from casinos.

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Original post by King786
What threads are you talking about? I am not wanting to get into making money from casinos.

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The point is that forex IS a casino
Reply 9
Original post by King786
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.

I am taking a couple of days break and will start again.

What are your strategies and trade plans?

Any advice would be much appreciated.

Posted from TSR Mobile


Charts bro charts bro

Support and resistance. I don't really share stuff but here is a trade http://i.imgur.com/IlJwsyZ.png and less than 1 hour trade


Original post by Hedgeman49
The point is that forex IS a casino


You could be right 95% of times, casino is about luck here it's about technical analysis
(edited 9 years ago)
Reply 10
Original post by ronmack
Charts bro charts bro

Support and resistance. I don't really share stuff but here is a trade http://i.imgur.com/IlJwsyZ.png and less than 1 hour trade




You could be right 95% of times, casino is about luck here it's about technical analysis


Come on Bro share your ideas and the key to your success as why create a thread and then not share your ideas and your successful trading strategy..!

Come on share your knowledge!

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Reply 11
Original post by King786
Come on Bro share your ideas and the key to your success as why create a thread and then not share your ideas and your successful trading strategy..!

Come on share your knowledge!

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I use support and resistance but with few techniques. We can discuss about other stuff such as brokers, indicators etc. Which method did you use? and why did you risk more than 5% of your account?
(edited 9 years ago)
Reply 12
Original post by ronmack
I use support and resistance but with few techniques. We can discuss about other stuff such as brokers, indicators etc. Which method did you use? and why did you risk more than 5% of your account?


What support and resistance do you use?

I don't actually have a strategy or trading plan, I was just analysing data from my broker and the investing.com website. That's why I wanting to know what your strategy and trading plan is. Or have a strategy of what you use.

I guess the reason I risked more money was because I was doing so well and my account balance had nearly trippled and I did not really think of the implications of what would have happen if I lose all my money something I realised too late.

What indicators and sources of information do use?

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Reply 13
I use a indicator called MarketScalper PRO and tradebuilder, it's alright nothing great. How could you trust some site with your money. This is just beyond me. Those analysis they do on investing.com is wrong most of the time. The other indicator I use is allmacd.

Calender is what you need to look at http://www.forexfactory.com/calendar.php
(edited 9 years ago)
Reply 14
Original post by King786
What support and resistance do you use?

I don't actually have a strategy or trading plan, I was just analysing data from my broker and the investing.com website. That's why I wanting to know what your strategy and trading plan is. Or have a strategy of what you use.

I guess the reason I risked more money was because I was doing so well and my account balance had nearly trippled and I did not really think of the implications of what would have happen if I lose all my money something I realised too late.

What indicators and sources of information do use?

Posted from TSR Mobile


Tomorrow will be US unemployment results http://www.forexfactory.com/calendar.php and sources are saying it will fall to 6.4 percent. You can put a buy option on EURUSD OR sell option on USDCHF. Again do your own research as well.

If the results are coming 8:30 eastern time, you could put your option at 8:15 or something like that
Reply 15
Thanks for the recommendation will keep a close eye on them.

Are you able to say which sources are saying it's going to go down?

Eurusd did go down today but came back up after couple of hours.

I have just been busy going through the babypips.com school of pipsology.

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Reply 16
Original post by King786
Thanks for the recommendation will keep a close eye on them.

Are you able to say which sources are saying it's going to go down?

Eurusd did go down today but came back up after couple of hours.

I have just been busy going through the babypips.com school of pipsology.

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Just search on google, here is one example http://online.wsj.com/articles/u-s-jobless-claims-rise-to-312-000-in-week-ended-may-31-1401971521, the point is when the results will come the eurusd would go up for 5-15 min that's when you close the trade and get a nice win. If it does go against close it ASAP. This is currency it will go up and down. Which trading platform are you using?

Quick question let's say tomorrow results will come negative, unemployment rate will fall if so would you put buy or sell option on GBPUSD?
(edited 9 years ago)
Reply 17
Original post by ronmack
Just search on google, here is one example http://online.wsj.com/articles/u-s-jobless-claims-rise-to-312-000-in-week-ended-may-31-1401971521, the point is when the results will come the eurusd would go up for 5-15 min that's when you close the trade and get a nice win. If it does go against close it ASAP. This is currency it will go up and down. Which trading platform are you using?

Quick question let's say tomorrow results will come negative, unemployment rate will fall if so would you put buy or sell option on GBPUSD?


I am trading on fxpro, what trading platform are you using?

What leverage do use?

The news seems good so it should be a buy.

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Original post by King786
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.

I am taking a couple of days break and will start again.

What are your strategies and trade plans?

Any advice would be much appreciated.



Posted from TSR Mobile


Try carry trading. Buy high interest rate currencies, sell low interest rate currencies. When they crash, they crash big time, so look for indicators of a crash.
Reply 19
Original post by Advice Guru
Try carry trading. Buy high interest rate currencies, sell low interest rate currencies. When they crash, they crash big time, so look for indicators of a crash.


What's carry trading? Can you give examples of what you mean?

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