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Everything posted by Sininfinity
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I try trail my stops till I can take them to breakeven or a at a few positive pips. After that I usually don't do trailing. And if I want to hold a trade then depending on situation I partially close a position.
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A good money managment system can give you success
Sininfinity replied to Levie's topic in Forex Newbies
You are right. Good money management can save one from great loss. Even a low winning strategy will work good if the trader knows how he is going to lose his money and how he is going to gain it. -
Why do you think people are scared of investing in forex?
Sininfinity replied to Levie's topic in Forex Newbies
Well everyone is not made for investment. Different people have different mindset. And those who has investing mindset also are not sure to make profit. There are lots of thing to consider before investing. -
Unrealistic/irrational expectations from traders
Sininfinity replied to analyst75's topic in Forex Newbies
Well whatever seems too good to be true, people should first give it a thought that there is something wrong with it. No one in this world will give you good for nothing. -
The technique you are talking about, will you call that trading? Though somehow it may fit in the category for trading. We are in this business for profit and if we can not make satisfactory amount of profit then there is no point in trading.
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I bring my stop loss to breakeven or at a few positive pips. But don't actively use trailing stop. They don't go well with my method.
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A good money managment system can give you success
Sininfinity replied to Levie's topic in Forex Newbies
On a youtube interview of a trader I saw a trader talking about his fellow traders, he loses 95% of his trades but the 5% trade he makes profit, covers all his losses. So money management has such power. -
You haven't found anyone because there is none. Trading without loss is just a myth and marketing speech. Some can show you statements but ask them for live performance then you will see nothing.
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I Think Forex is Just Gambling , Do you?
Sininfinity replied to kiranchandra's topic in Forex General Discussion
Yeah, as long as a trader has his capital he can live to trade tomorrow but if the trader doesn't manage his risk loses everything today then tomorrow that trader won't have anything to trade with tomorrow. -
Importance of high liquidity in forex market
Sininfinity replied to adamsmiths's topic in Forex General Discussion
Are you talking about any specific exotic pair? Normally what I see on exotic pairs is that they have big movements and larger spreads. I may have noticed low movement but can't recall it at the moment. -
Autotrade System - Profitable?
Sininfinity replied to uncle gober's topic in Forex General Discussion
I think investors who invest in others, try to diversify their investment. They don't put all their money on one trader and divide capital on different types of traders which will bring them optimal profit. -
Do you think compounding is important?
Sininfinity replied to andry777's topic in Forex General Discussion
Yeah, some traders may set a rule for it so he does not withdraw more than he is supposed to or less than what he is should have. Things are dependent on various different factors. -
Can't disagree with you on anything you said. It may be expensive and all that. But what I wanted to tell is that if you are lucky enough to get a good mentor then the learning journey would be much easier than it is without a mentor.
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Autotrade System - Profitable?
Sininfinity replied to uncle gober's topic in Forex General Discussion
Well there can be many reasons. One can be they can't make profit by themselves. Another can be they don't have the time to manage their trades. So they look for profitable traders to invest in. -
What you are saying is right but without trading on real account a trader can not profit. It is true that some risk comes when trading on real account but on the other side of it is profit.
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Importance of high liquidity in forex market
Sininfinity replied to adamsmiths's topic in Forex General Discussion
Well the forex market does not have shortage of liquidity except during high impact news or a disaster strikes. Mostly market has enough liquidity and the major pairs are less vulnerable to spikes. -
The article shares personal experience of a trader. But while reading I found this Well if I can find some accounts like these then it can be strategized to make some decent outcome.