Fibonacci Forex Trading Leveragefx.com how to make money in foreign currencies using fibonacci retracements and fibonacci profit targets.
Is this a good forex trading strategy that could work to make you a millionaire? Please read/advise. Thanks?
Okay, so, currently I'm 18 and I've looked into different possibilities of how I could become a millionaire using the forex market as my vehicle. I have discovered that using 1 100 leverage or even 1 50 1 25 is a bad idea if you want to be safe about it, and using a more modest 1 10 leverage instead is best for my chances of success. What I've also discovered is that the forex markets trends last months or even years. So, my plan is as follows 1 Start with $1,000 in my new forex trading account.2 Use 1 10 leverage always to reduce a lot of risk.3 Use a stop loss of all my trading capital in every trade.4 Keep the minimum take profits as long as its more than what my commissions would be.5 Just follow monthly chart trends, i.e. if the trends gone up for the past year on a yearly chart, and it shows it in a monthly chart that its going up as well, just follow the trend up along with it and keep on going up until I think its going to stop going up by taking advatage of lots of small take profits along the way.6 Be aware of economic news and reports.Example Say the GBP USD is trading at 1.0000 $1.5000, and I place a bet to buy GBP USD at this price at a 1 10 leverage, or $15,000 worth of pounds, 's and I set a take profit of, say, $15 or 10 pips and a stop loss of my whole $1,000 and and keep on doing this, taking profits by trend trading and make this same $15 day for the 6 days the FX market is open a week, or $90 week x 52 weeks $4,680 in 1 year my original $1,000 a 568 % return for one year.After I have achieved my 568 % for 1 year, reinvest all capital and get another 568 % compounded on top of that. So, it works as follows year 1 $1,000 up 568 % $5,680year 2 $5,680 up 568 % $32,262.40year 3 $32,262.40 up 568 % $183,250.43year 4 $183,250.43 up 568 % $1,040,862.40 USD millionaireyear 5 $1,040,862.40 up 568 % $5,912,098.74 USD multimillionaire and GBP multimillionaire, or 3,829,025.15.What do you say here like? Could this plan work do you think?
What is the best forex trading strategy?
I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.
Best Forex Trading Robots?
There are a lot of forex trading robots around.How do i know which one is the best forex trading robots for your money and are making consistent profits.
Forex trading question?
Im new to forex kind of ive been playing around with a virtual account i think i have a good idea of what it does.. ive traded stocks and futures for 4 years now so im not new to trading. But i dont want to jump in with alot of money so im gonna open an account with etoro with $50... i want to take risk and make good profits .. im 90 % sure as you all are probably the Eur USD is gonna go up next week.. if i use 400 1 leverage and use 25$ in one trade and it goes from 1.36 to 1.37 how much money would i make??btw my stradegy is simple use stop loss orders and take profit orders .. just like in stocks that way i can limit my loses and lock in profits..
Learning Forex trading?
Im not new to trading im a trend follower band trader i mostly use technical analysis but i trade stocks. Recently a few days ago i said wth why not try forex because i was reading about Randy Mckay who turned 2000 into 70000 in just 7 months WOW. Before i start trading for real though i want to know alot more about this business. Is babypips.com a good site to do schooling on??? Any recommended books to read?? im just 19 years old ive been trading since 9th grade.. not with real money though but i figure forex and technical analysis work in the same way so if i can make money in stocks why not curriences? plus i get waaaayyyy more leverage and profits. Seriously i wouldnt put all my money into this but its a good way to diversify. I plan to start this year trading with 4000 dollars i will put 3000 into stocks and maybe 1000 into curriences using etoro.. but this is just a plan for now i dont plan on starting till the end of this year so this gives me this year to learn as much as possible and paper trade..or i was thinking of just opening an etoro account with 100 bucks and see what i can make happen cuz the eur usd is seriously gonna go up its a no brainer
Forex Trading Online Service Alpari?
alpari.co.uk I know what the company does on a very brief note, such forex trading online using various software etc. But What I wanted to know is, what the hell is a PIP also what is there jurisdiction limitations so what services can they offer and cant etc. Also what makes a good online forex trading account etc. I was reading the not receiving re quotes is good etc.
Legal Notice: This website is powered by Amazon®, Adsense™, Clickbank®, Yahoo!® Answers and Youtube™. All trademarks are copyrighted by their respective owners. Please read our terms of use and privacy policy.
