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Spike in EurUsd closed short trade almost 20 pips away from the stoploss.
And, by the way, it was a classic (fixed) stop-loss, on the broker’s server side.
Looks like no matter how good (or bad) you trade, the broker will always have a legit way to steal some of your cash, if not all.
via Spike in EurUsd closed short trade almost 20 pips away from the… on May 09, 2016 at 09:53AM at robotfx
Looks like the recent AUD cash rate drop made it obvious that the AUDUSD resumed its down trend. Although this is forex and nothing is certain, trend traders should probably look for next swing high to start selling.
via Looks like the recent AUD cash rate drop made it obvious that… on May 03, 2016 at 08:01PM at robotfx
“How much money do you make every week (from forex)?” … asks a friend of mine. And after I intentionally tell him a very small amount, he looks disappointed and starts to criticize me: “and you are teaching me about forex?!” … asks again, rhetorically now.
I reply: “Yes, but you see, you’ve asked the wrong question. You should have asked how many pips. If you’d have asked about my lot size and make the calculations, you’d be surprised.”
He still doesn’t get, and he told me that he traded before (he got burned). So I ask him “How much did you lose?”.
“10,000$ in 3 months. And then I stopped trading”, he answers.
“So you being part of the 95% losers and only a 3 months trader, and me one of the 5% still in the game with a few years of trading, don’t you think that you may have something to learn from me?”
via How much money OR how many pips? – that’s the question 🙂 on May 03, 2016 at 07:28PM at robotfx