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Realities of Forex Investment
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nwalle
#2681 Posted : Monday, June 16, 2014 12:54:26 PM
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Joined: 6/16/2014
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Location: utopia
thanks for the advice guys..I'll take it into consideration. hope to learn tonnes more...smile smile
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mnandii
#2682 Posted : Monday, June 16, 2014 6:33:02 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Ceinz wrote:
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


That is a lot.

I suggest u start with $250. Be very selective/ frugal and take only sure trades. Once you've grown the account to $500. Withdraw $250 and continue trading risk free.


Very good advice. $1000 account shld be for when you are certain of your strategy.

Deposit the $250 and trade the very small units till you get a good grounding.

Best of luck.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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hisah
#2683 Posted : Tuesday, June 17, 2014 6:06:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mnandii wrote:
Ceinz wrote:
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


That is a lot.

I suggest u start with $250. Be very selective/ frugal and take only sure trades. Once you've grown the account to $500. Withdraw $250 and continue trading risk free.


Very good advice. $1000 account shld be for when you are certain of your strategy.

Deposit the $250 and trade the very small units till you get a good grounding.

Best of luck.

The higher the amount in any market, the easier to lose! Why? Emotions, emotions, emotions...

Try losing $12,000 vs $500. Your eyebrows sweat as panic central magnifies on huge losses.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sufficiently Philanga....thropic
#2684 Posted : Tuesday, June 17, 2014 9:28:42 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
hisah wrote:
mnandii wrote:
Ceinz wrote:
nwalle wrote:
Hi guys,is a $1,000 account practical enough to kick-start a live trading acc?


That is a lot.

I suggest u start with $250. Be very selective/ frugal and take only sure trades. Once you've grown the account to $500. Withdraw $250 and continue trading risk free.


Very good advice. $1000 account shld be for when you are certain of your strategy.

Deposit the $250 and trade the very small units till you get a good grounding.

Best of luck.

The higher the amount in any market, the easier to lose! Why? Emotions, emotions, emotions...

Try losing $12,000 vs $500. Your eyebrows sweat as panic central magnifies on huge losses.

And the red colour shows up as your margin sinks below 50%Sad
@SufficientlyP
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mnandii
#2685 Posted : Tuesday, June 17, 2014 2:31:56 PM
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Joined: 10/11/2006
Posts: 2,304
Quote:


I expect moves above 102.79.
Again I am wrong if 101.63 low is penetrated.




Since $JPY has not moved above 102.14 I am considering the possibility of a bearish triangle.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2686 Posted : Tuesday, June 17, 2014 2:43:42 PM
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Joined: 10/11/2006
Posts: 2,304


correction in GBP$ appears complete at 1.6932 low. Highs above 1.7010 expected in a final fifth wave.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2687 Posted : Tuesday, June 17, 2014 2:50:55 PM
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GBPJPY shl'd also move strongly up in a continuing third wave.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2688 Posted : Wednesday, June 18, 2014 7:59:01 AM
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Posts: 2,304
EUR$

A low to 1.3529 is possible before moving higher.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2689 Posted : Wednesday, June 18, 2014 8:21:41 AM
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$JPY

The turn lower is imminent and could happen at 102.33

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2690 Posted : Wednesday, June 18, 2014 8:23:48 AM
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GBP$ is in a triangle which once complete shld continue higher.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2691 Posted : Wednesday, June 18, 2014 8:24:51 AM
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Gudday n best of pips.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2692 Posted : Wednesday, June 18, 2014 6:54:34 PM
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http://www.elliottwave.com/free...-What.aspx#axzz34zVIpExd
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2693 Posted : Wednesday, June 18, 2014 8:44:12 PM
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Joined: 10/11/2006
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EUR$
Two scenarios, both bearish eventually. Either the pair moves up sharply before falling or it shld fall imediately from current levels. Either way moves below 1.3500 expected soon.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2694 Posted : Thursday, June 19, 2014 8:07:29 AM
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$JPY
A third wave move down expected.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2695 Posted : Thursday, June 19, 2014 8:29:26 AM
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GBP$
A brief fall then moves higher expected. Notice the positive divergence.

Gudday. smile
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2696 Posted : Thursday, June 19, 2014 8:42:48 AM
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One more.

AUD$
Due for a fall soon.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2697 Posted : Friday, June 20, 2014 7:01:25 AM
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mnandii wrote:
mnandii wrote:
Gold should rise to 1330s soon before a breathtaking fall.

Gold rising nicely. But I expect more upside. Currently at 1281.


Once Gold completes its triangle formation above 1300, it will be an epic fall.
Equities are likely to do the same. #deflation
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Ceinz
#2698 Posted : Friday, June 20, 2014 8:47:12 AM
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Joined: 5/7/2009
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mnandii wrote:
mnandii wrote:
mnandii wrote:
Gold should rise to 1330s soon before a breathtaking fall.

Gold rising nicely. But I expect more upside. Currently at 1281.


Once Gold completes its triangle formation above 1300, it will be an epic fall.
Equities are likely to do the same. #deflation


I doubt this. I see gold headed to $1350 before correction to $1300, then to $1450 and then to $1650 etc.
“small step for man”
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mnandii
#2699 Posted : Friday, June 20, 2014 10:37:11 AM
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Ceinz wrote:

I doubt this. I see gold headed to $1350 before correction to $1300, then to $1450 and then to $1650 etc.


K.


Am watching a contracting triangle (A B C D E ) that started on 27th June, 2013, which I expect to end soon.
At 1330 (my projected end of wave E):

Wave [c] will equal 1.618 X wave [a].
But more important, I don't expect a move beyond 1391, the end of wave C.


Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2700 Posted : Tuesday, June 24, 2014 6:31:54 AM
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GOLD
One final rally before the drop. Notice the triangle pattern.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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