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Naked trading is no Holy Grail. I also do naked trading. But trading naked without the use of strict money management, risk control and discipline cannot help you. With these things, you can succeed with indicators; and without them, you can fail with naked trading.
No trading signals are 100% accuracy, yet subscribers to trading signals tend to abandon their subscriptions when a signals service goes thru a losing streak. The truth is that top traders also do go thru horrible losing streaks, but they know how to control the situation so that they don’t blow their accounts. Luck matters sometimes, experience matters more, and education also counts. But overall, experience is the best thing (the best teacher). – June 3
I use ratio 1:2 but most pros endorse ratio 1:3. In reality, it’s me versus other traders. My leverage remains 1:100, yet I know how to control my risk and stake as less money as possible. I think the issue isn’t in using 1:1 or 1:5 or even 1:50. Most traders simply don’t have enough money to invest. – June 4
Trading is a career of a lifetime… Then when it comes to quitting a trade – either my initial stop or breakeven stop, or trailing stop or initial target is hit. Sometimes, it may be when a maximum trading duration has expired. – June 5
I feel charging 2000 pounds for a simple trading seminar is too much. However, it’s not correct to say that seminar people aren’t successful traders themselves. While many of them can’t trade successfully, a number of them are master traders. In addition, some of them have a calling to help those who languish out there – hence their trading education. The problem is that, most of their trainees don’t follow the recommendation they’ve paid for. – June 6
What makes you think Forex is a scam is the fact that you’ve not discovered the real truth about trading. Forex is real, and it’s a good business. But the truth about it is very hard for most people to accept. – June 7
Isn’t it possible for the AUDUSD pair to start going up in a positive correlation with other majors like GBPUSD and EURUSD? The reality is: The Euro is stronger than some currencies, but now weaker than the Yen. – June 8
I’ve had several experiences where I was forced to update MT4. This is simply necessary as better and more innovative measures are being introduced. The MT4 can only get better and the only way to flow with it is to update. – June 9
Ground-breaking lessons from expert traders: http://www.harriman-house.com/experttraders
