@Passyson

I did not say that it is imposible but extremely risky which makes it unrealistic to think of those moves.Passyson i bet you are still on demo account thats why it gives you those projections.Look into the forex market as an investment rather than a speculative option as it is.loosing $120 in an account of $1000 by taking the SL of 30 pips is 12% of your capital is a single trade,far from the expirienced trader of 1- 2%!!!IT means you will be trading to recover those losses,taking into account day and night trading,surely you will toil to recover;trading on losses rather than profits.MInimizing the potential of risks either through the use of a tested system or analytical will always be the fore target.Whats your approach,or can you show your prove Sir.

Unless you have not known that there are some discrepancies between a demo account and a live account at some extent.I hope you are investing thats why you will put SL and TP,this means you need to have targeting like in any other investment.With 1000 and taking losses of 120 means you only want to realize a big profit of 200 which if you look closely its 20% profit a day!!Stop looking into the expectations which are practically hard to achieve and even if you achieve what will be your risk exposure levels in your equity capital.Unless you tell me you are a George Soros which almost all newbies dreams but not an experienced.NO miracles mind you,take into account all measurements possible and learn while in the game but dont come and also blame that this investment on how risky and bad forex it is!!!

This investment has been there and one problem is that almost 90% of novice traders or somebody new thinks the market will only flow on his side and make something quick or imagining possibilities which i bet are not there,you are not the first it takes some time and if you take more time and be practical you will have realistic perspectives.I can say @passyson that there is no strategy which does not respect risk management and if there is then i can say you are just exposing guys to short time approaches rather than consistency in the investment.So i am not misplaced as your approach is mostly for guys who practise demo accounts but for an experienced though he can target it but will have different approaches and mostly not that targeting of 20% in a day!!!!!.Its dangerous to take those approaches as you will only make forex to look risky day in and out.

With due respect I think you are only using demo passyson.

@NGAATU

First of all,i am a live trader. Secondly,i don't just trade because i have to. If a market is ranging,i NEVER ever get into it. There are 3 trading sessions in a day. I always do the hour charts in combination with MACD,stochatics and EMA. Sometimes i use the DMI but only rarely.

I am with FOREX.com and so far so good.

There are many sceptics of forex trading who tend to "academically" bisect the market. It doesn't work out that way. If i told you today i have made a profit of 500$,yesterday 180$,day before 235$ and all on a mini account,what will you say? If i further told you i pay my clients,10% commission without fail per month,what would you say? I am sure someone in here will be cynical.

Some here trade with lots of 10,000...what the hell would you expect to achieve by that? Some do not trade the news...a very big source of money. The EUR today has been slaughtered based on Trichet's announcement...how many took advantage of it? Few i guess. And this is a trend that started right from the New York session,through Tokyo,London and now back to New York...

Forex trading is not just a matter of clicking buy/sell buttons...it's much more than that. You have to have patience. Patience not to trade when signals show you not to.

I am not posting any of my statetements on any website...if you want proof of trading,invite me over to trade your account in any session and let me prove a point to you. Until then,HAPPY TRADING.


Anyone who lives within their means suffers from a lack of imagination

Thanks steve but i am actually discontinuing client managed accounts. I want to fully concentrate on my own account in the long run ..if you got a personal account and you are having problems please let me know. I would be glad to give you a few tips here and there.

Enjoy your weekend


Anyone who lives within their means suffers from a lack of imagination

I went through this thread without understanding a thing with all the pipping and the S/L and T/L!!! But on reading deeper i started understanding....
Well this story started when a dude called ngaatu started this thread.this ngaatu fella is busy pipping stephen alala who seems to enjoy being pipped by ngaatu and then he would pipp back this ngaatu fella. So they went on pipping each other without a care in the world when this guy called pipped came along and said ala why you guys pipping each other and he brought melee! calling alala a con ....... i dont know if he was being pipped or not but i think at one time he had been pipped cause he is pipped!!!
Pipped spoiled the story for ngaatu and alala.
tonicasert wanted in on the action and admired ngaatu and alala pipping but not to be undone was showing them how he is also a pipper he he blew his pipe but i dont think he managed to pip alala or ngaatu.
How can i forget passyson!!! Passyson is the chief pipper it seems whatever or who ever he pipped amazed ngaatu and alala. Cause they were up in arms like somali mps after he came in and said how he is a skilled pipper!! but passyson doesnt like pipping clients anymore he just pipps himself ..... i wonder why??? There i a dude called peace who didnt seem to like passyson to much! I think passyson is not a likable pipper but may be he is a nice guy but all the other pipper dont seem to like him??my be he pipped them without there permission or he out pipped them?? who knows with this pipping business!

lakini dont misunderstand me there are also mamas in this pipping game namely xnjambi who is the master pipper herself and ms investor who can pip and S/L with the best of them!!!
Last but not least is primecorp!! Primecorp wants in on the action but the other pipper dont want to play with him. He is always busy asking bout pipping reuters and the usd. why wont the other pipper pipp with him??

Nway you i didnt undertand jack!! so enjoy you pipping and lakini mimi sikuelewa. I think you should meet amongst yourself and you can email each other and pipp each other whatever you can even S/L and T/L each other!!!!
happy pipping!!

veni vedi vici

@Toni Stark,

LOL

You's a funny guy,Toni Stark,

But in case you have any doubt about our feelings - PIP YOU TOO!

I can't help it Toni Stark. I just love stockskenya! And we just love the whole blogging thing. Beats the office notice board or emails.