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 FOREX | v se7en, the market is very SucKy

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meejis
post Mar 9 2010, 07:58 PM

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guys, can give comment on this? I'm newbie in forex.. is this good?


meejis
post Mar 9 2010, 08:07 PM

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QUOTE(z2forex @ Mar 9 2010, 09:05 PM)
@meejis

i don't know what exactly u r asking. it's good that you are in profit. however your margin level for me is dangerously low. I normally keep my margin level above 1000%. you might want to reconsider your lot size.
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May I know for how much u put in for the lot size?
meejis
post Mar 9 2010, 08:44 PM

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QUOTE(z2forex @ Mar 9 2010, 09:13 PM)
if you only maintain 1 position at a time you could use 0.1 lot. if you open multiple positions adjust accordingly. remember, greed is a REAL enemy. learn to make money consistently rather than win big then margin call.
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thanks for the reply..

just testing with demo account after reading some forex info..

need to learn more..

actually start with 5k...

lost so much..

but learn so much also.. smile.gif


meejis
post Mar 9 2010, 09:05 PM

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QUOTE(z2forex @ Mar 9 2010, 09:05 PM)
@meejis

i don't know what exactly u r asking. it's good that you are in profit. however your margin level for me is dangerously low. I normally keep my margin level above 1000%. you might want to reconsider your lot size.
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need to know on margin level above 1000% meaning wad?

the profit level above 1000% or wad??


meejis
post Mar 10 2010, 01:35 PM

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QUOTE(myvi5949 @ Mar 10 2010, 11:34 AM)
If you are beginner, the worst thing u can do is start trading the 5M and 1M.. Those lower timeframes are high volatility areas.  Only the gamblers and great traders are able to cope with this risky timeframes.  I am not saying u cannot make money on these timeframe..You can. But it is highly unlikely that u can make a living out of scalping M5 and M1. 

I do not scalp.  What i meant by scalping on H4 is taking "touch trades" of the Support and Resistance areas.  Put a tight stop loss above and below the bbands..By using this method your risk to reward ratio would be very big.  It may not work every time. But once u got in a good trade.. the winning trades will overcome the losing trades. 

This is just the way I trade.  It may not be as exciting as basket trading or trading with colorful indicators, but it makes sense to me in the long run.
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I'm a beginner adn do such mistake.. but thank you for the reminder..

I'm always comparing for the M30 and M15 as to see the trend..

but still can't spot the correct trend nor scalp any profit..

already use for 0.10 for the lot..

before this use for 1.0 and start to be more patient...

true enough forex need not a greedy man.. smile.gif

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