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quote originally posted by 8883:
hi bro good to know fellow fx trader... I been thru alot in this... I am consistent now but only since 3 months back...before that for 1 year...i have beeen up and down... and burnt quite a few accounts... losses about 80K. the 80K lost i take as investment which i will slowly earn back... a matter of time. my broker is CITYindex. I use RSI, MACD, SMA/MA, trendline and Fibonacci only. based on my experiences and learning i have deduced a few points for consistency: 1. stick to 2-3 currency pairs max... (so in the long run you "know" them well) 2. No matter how confident, stick to the same lot size in all trades. 3. Do not hold more than 2 open positions. 4. see bigger time (1hr, 4hr, daily) frame for the overall picture... see smaller time (1/5/15mins) frames for entry/exit. the last point is abit subjective... depends on your trading style n your account/broker. 5. I do not put a stop loss orders while trading but I do it manually... I have a stop loss level in my head, will cut when hit. If you put stop loss orders, 9/10 times you will get stopped... therefore losses... ( how many times you see your trade get stopped out and then turned to your desired direction? ) please share your trading experiences, then we can exchange further ideas. |
The point on stop gunning is very true.......they like to gun your stop when you are sleeping. We loss about e same amount in trading......nice share.
"Bankroll:$58 Betsize(投注):20¢-$2 "初级功力不怕输,中级功力输不怕,顶峰功力怕不输"
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