I believe what he asked by "low risk, high returns" means high % gain, irrespective of capital. IMHO, forex is only "high risk,high return" when you blindly go into trades. Nothing better than gambling. But if you're patient enough to study the behavior of the market, then it becomes "low risk, high returns" because you know what you're doing with at least 80% certainty. And of course need alot of discipline too

This post has been edited by Supreme1394: Feb 26 2015, 02:45 PM

Ini beyond godlike

Wow kinda been a long time since I was last active in this forex thread. Been a rocky past month for me, kept on winning and losing, no steady gain. Oh well, but I'm getting back on my feet again.

Drillz for my demo account :

In my opinion, trading the news is really a double edged sword. You win as easily as you could lose, sometimes there's no telling how the market would react even to obvious news releases. I tend to stay away from news and just focus on normal trading

hmm, yes you do have a point

50 usd is really too low. Below is the calculation:

Say you wanna open 0.01 lot with 1:20 leverage, you'll need a balance of :
$100,000 x 0.01 / 20 = $50 required as margin. So that leaves you with $0 in your account, ngam ngam margin call.
You should at least put in $500 and risk 2-5% of your account rather than blowing out your account, risking >50% of your account on a single trade.

You're welcome

1 pip = 0.00010

EURUSD heading upwards now

Yes, hopefully it doesn't go up too high before FOMC then

Very nice got myfxbook screenshot to show us? Quite curious to know your percentage gain since you're a pro

Aiya, can blur out the sensitive details ma, like balance, name of the broker and etc. Just want to see % gain

This post has been edited by Supreme1394: Mar 28 2015, 02:33 PM

Eh, I thought you're a pro based on your previous postings, that's the impression I got So I was just curious that's all myfxbook just shows the performance of your trading account, great stuff to monitor your overall progress

Yes, this is the one I'm referring to. To put it simply, equity growth is your floating profit/losses of a running trade while growth is the final value when the trade has been closed. So the equity line is important to show how unstable a person's trading style is eg. high/low drawdown. As you can see from my chart there, there was a point where I had a very large drawdown as shown by the yellow line. It was a stupid and huge gamble of mine at that time

This post has been edited by Supreme1394: Mar 28 2015, 05:36 PM

Currently I'm only trading this pair lol

You might wanna look up on ICMarkets. I've started trading live with them and their performance pretty much matches their demo trading experience. Very happy with them so far

Please don't. One week of trading is hardly enough experience. I myself thought of jumping into real trading after a week of trading demo due to a good week, but little did I know there was a lot of unfamiliar market movements I didn't experience yet. So I would recommend a few months of trading demo in order to really familiarize yourself. Think of it this way, once you have managed to achieve 100% gain with a low drawdown of <10% then you can consider doing real trading Else you're highly likely to burn all your cash away.

This post has been edited by Supreme1394: Mar 30 2015, 07:22 PM

Good point, it also helps to treat your demo account as if you're trading with real cash. Learning do deal with all that kan-cheong-ness will really help prepare you for the real deal.

Well that really depends on the person For me, I traded a $5k demo account for more than 3 months and went through sleepless nights wondering whether my trade would be successful when I wake up Also experienced the ecstasy of winning (like on cloud 9) and the depths of despair when I lose

This post has been edited by Supreme1394: Mar 30 2015, 07:45 PM

haha yea