Added: 1 year ago
From: LearningMarkets
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  • This guy appears to be sincere and what he is saying is absolutely true !

  • very good, you're the guy

  • My coworker used this forex tactic named: Effectus Forex Strategy and made about 325 pips in a couple of weeks without working!Anyone else tried this?

  • My understanding is that if I want to open a position with a lot size of .5; its better for me to open it with .1 and then keep scaling in - such that after each scale-in change the previous one's stop loss to break even and then to profits so on...

  • Hi, In above video That person is showing how can we earn by doing smaller trade in forex.

  • Hi hi! Have you thought about the British Box Breakout (do a google search)? Ive heard some unbelivable things about it and my work buddy made plenty of winning trades.

  • Buy well below margin limits (so you are not forced to sell on dips)  Buy companies that are quality and proven...NOT speculative and IPOs.

    If it goes up...take the profits and close the deal, if it goes down WAIT for it to go back up unless there is bad news in the stock (accounting etc)

    The odds are with you that it will go back up IF its a quality stock.

  • Hello there! Have you heard about Megamaxi Money Maker (search on google)? Ive heard some unbelivable things about it and my buddy got insane amounts of moolah.

  • @dwaynedetubb . yeah . ever heard of the "shut up" ea ...google it ...lol

  • All he's showing is -20% is not the opposite of +20%. The key is not the size of trade but to cut losing positions without hesitation. If the trade is not behaving as you predicted then get out. Let the winners ride and take half profits out at your desired exit point. If the position continues to go up, then you can always get back in. If you need to stick to % losses and wins for your exits, then set losses at 15% instead of 20%.

  • Comment removed

  • @MrGoldenopportunity what this guy is describing is avoiding the gambler's ruin.....but you're right that example about the 20% does not make any sense => risk exposure is (assuming normal distribution) consecutively +-2000 and +- 1600...

  • @MrGoldenopportunity or 5% even

  • duh!

  • So basically what this guy is saying is to buy less. So for example if I was trading stock, instead of buying 100 shares I should buy like 10? Is this what he is talking about?

  • But the reality is that you have to know the statistics of your win loss ratios. Then you can adjust your position size accordingly. I trade only couple of times per month, If I had a million there is no problem for me to risk 1% but with 100$ account risk 1%? and thus after 50 trades 10% profit from 100$=$10PROFIT, but in one year making $10.

  • Very Interesting video.. I have to check this trick on trading account. Risking small percentage is very good idea

  • Thanks for the video. I have learned that smaller trades will have greater rewards over time. Slow and steady wins the race.

  • @NiHaoWoJiaoYang. GM, F, Lehman Brothers. Bear Sterns, Washington Mutual, FX Global. RESEARCH IN MOTION, Fannie and Freddy, Bank of America. Citigroup. County wide. Kmart, Global Crossing, etc.

    These stocks were solid, stable and would be built for the long term, some even paying dividends during the great depression. Now some are wiped off the map and soon some nations economies will act similiarly.

  • What a great video. Losing 20% and then winning 20%... you are worse off then you started as you mention. The reverse is also bad. winning 20% then losing 20% you are worse off then you started too.

    Keeping these two in mind is critical.

  • wow

    

  • A very wise and successful forex trader told me one time - "if you cannot win in forex with a starter account of $1,000, you cant win period". If you are new, why put so much hard earned money at risk? That amount could be anything based on your situation, but bottom line is, its all about the trader. Risk management traders win in the end. I agree with this guy 100%.

  • Excellent teaching- Thank you, you are so right --rich severson

  • cool

  • where can i learn more?

    you made some good points. so are you saying you could theoretically start with $500 in forex and turn it into millions just by trading smaller?

  • @theninthpower yes. the period of time to make one million from 500 is another question. but trade smaller to that goal, is essential.

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