Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
why not hedge? Of course at one point you have to decide a reversal close the pos take profit
but as long as that doesn't occur you don't make any loss and need not care for sl...actually you don't even need care for entry. Of course you need more capital. You could play that as virtual or demo trades. You will always make profit no matter the entry.
Ashraf, you need to write that darned sticky I keep going on about. There is the question of "responsibilty" wherever novice traders are frequenting a forum or trading room.
Perhaps you are confusing me with catnip ?
gots to have pro attitude..onward...
just some notes..google Paul Tudor Jones
plenty of money to be made at 50:1 lev..
try to stick with one currency pair for watching price movement..
lower the size of trades to low %of balance..
don't average for awhile..straight trades..take profit be nimble..
learn to take profit quickly and let a lil run from BE...
goal = consistency
take forextraders's advice, and consider yourself lucky.
but your loss is not even close to what you could have lost down the road by violating EVERY rule of account management, that leverage is ROOKIE times 2, when you started you risked more to build probably but now that you are 'airborn' a littl, very little, its da time to nurture, not gamble..
fwiw, u asked :) pulling for you
Who knows maybe they will work out at the end, tonight china PMI if the number come bad we could see a big correction.
Other think you could Also hope for earthquake or tsunami to hit Australia tonight