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.
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.
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.
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?
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?
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.
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?
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
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.
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.
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?