Trade Forex Idea - Sell AUDUSD - Nov. 27, 2013

I am going to add to my sell position if I see a breakout 0.91000 in AUDUSD

Here is the chart:

Okay. I Added and today Dec 4, 2013 I took out of the table half of the first position (+281 pips).
I have also moved the Stop Loss at breakeven, looking to exit the second half at around 8.9000 - 8.8450 for about 450 pips more.

TRADE UPDATE: Dec 18th, 2013

I am still in that AUDUSD Sell trade. However, One of my 2 positions just closed  with a total gain of +240 pips.

The other position is at +440 pips and if the price closes below support (the red line, I may add a small new position), and I definitelly move my existing position's Stop Loss above the last high (around 0.9000) to book some more pips.

I am also looking at .618 Fibonacci Expansion , which would be the Profit Target for my open position.(the Blue line). But I may also, just move the stop lower and take what the market is willing to give me on this trade. (remember I already took half of profit at about +280 pips) and another full trade at 240 pips today. Not bad.

Let's see what the market is willing to give... Another at least 1000 pips in one trade? :))

Screenshot below:

 

TRADE UPDATE: I still have that portion of 1/4 running. Currently at +500pips. hopefully i get at least +1,000 pips. It is a free risk trade as I locked in 200 pips.

 

If you Liked my blog, please do not hesitate to share this with your friends on Facebook, Twitter, G+.

Thank you.

Adrian Todoran FX Trader

Trade Forex - 2000 pips in one trade

Hello. this will be a quick post . Just wanted to share with you how good I do feel after I found the screenshot from one on my old demo accounts where I booked 2000 pips by trading forex manually between July and September 2013.

I was using multiple lots and after I took some profit and moved the stop loss to breakeven + 10 pips i was fighting with my emotions.

As far as I remember I closed this position in profit of 1800+ pips but it touched more than 2000 pips.

I admit that I had hard times to control my emotions, and I bet, that, if that was a real account, I wouldn't stay that long into that trade :))

Anyway, here is the screenshot

I am going to repeat that forex experience one day... hopefully with my actual AUDUSD trade where I am 200 pips on profit already.

That's why I like to trade forex. You can really make money.

Trading Non-Farm Payroll gave me 250 usd in less than 5 minutes

Hello fellows traders

Today I booked 250 USD trading NFP in manual mode with a method that I have learned last night into a free webinar. Awesome!!! Initially I wanted to take profit at around 99 but I didn't want to risk and I wanted to enjoy the weekend. :) (i am aware of moving the Stop loss at breakeven, but again, 250 is more than 0 in case it turns against me)

Here is the chart:

Update: As you can see in the picture below my first target has been touched ( the red line at 99.00) , but enough is enough. :)

4XP = SCAM

Today I've decided to warn everybody about
4XP (Forex Place) Broker is a SCAM.

Recently I recommended them to a friend and she opened an account with them (after many calls, talking with an IB Master named John Green). The guy promised me everything and I sent one client to 4XP, trying to help her to develop a succes story and preparing to send about 200+ clients there.

So I've tested the platform, my friend did that too.

For some reasons my friend was in the need of funds and decided to withdraw her money from 4XP (Forex place). She was thinking to make a quick investment somewhere else and then put the money back to her 4XP account at a later date.

The withdrawal went fine.Successfull. But after one week, the money were still in her 4XP (Forex place) account so she decided to email the broker. She was ignored for one week so she decided to contact the 4XP broker again. Ignored too.

After having to interveene an account manager called Ron Gibson (not sure if that is his real name yet) replied telling her that the withdrawal is due out on Sept. 24th 2013 but because the broker is low on liquidity it can take a little bit more. (of course this Ron Gibson said it is not the 4XP fault)

I have to mention that this Ron Gibson emailed my friend from an email that belongs to another company called FX-Sales  (http://www.fx-sales.com). They are also promoting skyfx.com. I didn't check that broker because I had nothing to do with it so far. Not sure if they are the same but we are going to find out. (My honest and personal opinion is that Fx-Sales company manages both 4XP and SkyFX and now because of the bad image of 4XP they are killing that broker and start promoting SkyFX.  Beware! Research if you want to open account with SkyFX, but keep in mind SkyFX in new so there is possible to be hard to find data about SkyFX.  Also don-t be fooled by a Cyprus brokerage license. Make sure you read the regulator's rules first. As far as I know SkyFX are doing the same, not paying the withdrawals just like Forex Place (4XP).  You should check their review on ForexPeaceArmy: )

On September 26th the money were into my friend Forex Place account so, she finally hired a lawyer and hopefully she will get her money back.

I wonder why honest people have to pay that way, while they are helping the broker to grow. Too pitty there are dishonest brokers outhere.

Anyway, that was the proof that the 4XP (Forex place) broker is SCAM. Also, watch out the FX-Sales Company. They are recommending other brokers, Make sure you verify each and every broker or product they recommend. I have honestly lost my trust so, in my next posts, I will bring honest brokers for the honest traders. I will do the broker check work so the brokers I will list here are genuine.

Meantime i remain to my opinion (and my friend's oppinion) that 4XP is a SCAM. In case they process the withdrawal, I will update this post or maybe delete it. If not, I will go further promoting this blog  and even writting a press release and make sure it will appear first thing in Google and other Search Engines, when people looks for a forex broker.

OH. By the way. I was the Introducing Broker for my Friend and 4XP scam company did not transfer the commissions I earned into my account.  My friend's withdrawal and my IB no commission paid experience makes me expose 4XP as SCAM and made me remove any 4XP  related advertising banner from my sites..

I hope it help and I really believe in a Honest Forex Community (including traders and brokers)

All the best.

Cum sa faci un milion de dolari/euro?

Ca să faci un milion de dolari sau euro, în prima fază trebuie să înveți să fii disciplinat, să urmezi un plan.
În al doilea rând trebuie să economisesti ceva.
Iar în al treilea rând reinvestești profitul (la început tot, iar pe parcurs îți oprești cheltuieli de trai și reinvestești profitul rămas) 

Cam asta ar fi în mare rețeta.

Dar ca să ajungi acolo, să poți economisi în prima fază, iti trebuie sau un job ca lumea, sau vreo câteva site-uri web care să îți aducă un profit frumos.

Primul ingredient cheie spre libertatea financiară este să economisești. Majoritatea oamenilor nu o fac. Cheltuie până la ultimul bănuț. Se poate economisi și cheltuind. De ex. poti să conduci o mașină mai ieftină, poți cumpăra penultiml smartphone sau unul mai ieftin, etc.

Următorul pas ar fi investițiile. Acesta fiind un blog despre forex trading, o să mă refer la investiții in domeniul tranzacționării forex, dar domeniul investițiilor nu se oprește aici. Nu o să insist pe tema tranzacționării deoarece tot vorbesc despre tehnici si strategii în blog.

Vreau să ajung la cel mai important pas: investiția exponențială (compound interest). Aici intră reinvestirea profitului. Trebuie sa vezi această investiție ca pe o afacere, să nu te grăbeși și după prima lună să scoți profitul. Orice ai face, nu te atinge de fondul ce l-ai creat investind în forex. Lasă acolo profitul pentru următorii cațiva ani. (Dar ai grijă să nu arunci contul în aer).

Hai să facem un calcul (nu o să țin seama de impozite acum, oricum, tine seama ca impozitele vor trebui scazute in fiecare luna, in Romania impozitul pe profit, este de 16% la data scrierii acestui articol):

Ai 1000 de euro în cont la broker. Îți pui target profit de 10% pe lună și cu bun money management să zicem că îți atingi acest profit. Vrei să ajungi la 1 milion în 7 ani. 7 ani au 84 de luni. Pentru a verifica, ia un calculator și fă: 1000 (capital inițial) x 1.10 (10%) și îl înmulțești de 84 de ori. O să vezi că de fapt rezultatul este in jur de 3 milioane, nu 1 million.

Dacă faci operația pe un calculator o să realizezi ca la inceput crește foarte greu. La 1000 euro, 10% înseamna 100 usd lunar. deci nu e mare lucru. Dar dacă nu te atingi 3-4 ani de fond, o să vezi cum crește tot mai rapid.

De exemplu să zicem ca după 3 ani ai ajuns la 200.000. 10% sunt 20.000 profit lunar. luna viitoare ai 220.000 iar profitul va fi 22.00 astfel ca fondul tău va avea 242.000.

După cum vezi profitul creste exponențial pe măsură ce reinvestești și capitalul tău crește.

Cel mai greu e însă să te abții să te bagi în fond, mai ales când ai 100.000 acolo. Unii numesc asta Amânarea recompensei. De aceea trebuie sa te disciplinezi și să urmezi planul.

Sper ca ti-a plăcut. Dacă ai intrebări sau comentarii, te rog dă click pe titlul blogului si folosește formularul de sub postare.

Te mai aștept.

Cum să faci un milion de dolari

Acum pregătesc un post pe care nu ar trebui să îl ratezi... O să îți dezvălui ce trebuie să faci pentru a ajunge la un milion de dolari sau euro.

Dar te avertizez, trebuie să fii disciplinat și să îți faci și să urmezi un plan.

E vorba despre investiții exponențiale (în engleză compound interest)

Asigură-te că te întorci pe blogul meu zile astea...dacă știi să fii disciplinat.

Why there are performance differences between Demo and Live Accounts? - Forex Trading

Many of us are asking why my trading robot does it that well in demo and it performs weak on live accounts while the prices are the same.

I'll point out some of the factors that may contribute to this:

On demo accounts all the trades are immediately filled on the demo server, so there can never be slippage. 

On live trading all the orders are sent to the markets to be filled, and then they are subjected to network latencies, amount of liquidity available from the liquidity providers, and market other conditions.

This means it is possible that on live trading the orders can have positive or negative slippage.

Also, sometimes, the demo account is a "Classic" one and the live account is an "ECN" one. The difference between 2 types of accounts is: the classic account has fixed spreads. It is supposed that the spread doesn't change over night or during the news. ECN accounts are constantly changing their spread. The spreads for the Classic accounts are bigger than the ECN ones, but ECN's spreads can get as big as the classic account's spreads.

These differences can make your position on your live acocunt to be filled earlier or later than demo. That's why the demos does it great and the live not that great.

I suggest that when you test an EA in a demo environment and it works well, before going live, please make sure you are trading forex in the exact same conditions e.g. you run the demo and live account from the same computer, maybe consider a good vps service with low latency, make sure your broker has multi-liquidity providers, if the demo is a Classic account, then make sure the Live account is a Classic too, etc. Once you are sure you are meeting the same conditions (the ones that you can control of course), you can go live. But once you go live, be conservative, use the smallest lots available on your account. 

We all know that the target here is to preserve our capital before even trying to make profit.

I hope it helps.