My preferred TFs for define the trend are H4 and H1.

FerruFx

For me, the handling of my own emotions while trading is about 60% of the success. Next 30% is moneymanagement and 20% entry/exit. I know for sure that psychology together with moneymanagement is the most important thing in my trading.
It's not called trading if you are 3 minutes in a trade and then close it because you can't hande the heavy weight of the big risk. It's a gambling, because you did NOTHING to limit your risk! You just made a bet with all your money in HOPING that you will win. With risk so high it's natural that you will be unable to control your emotions simply because the risk is TOO BIG and you get nervous because you know, that you can lose EVERYTHING!
If you want to be able to stay in a trade for long time without a fear of loss, then risk about 1-2% of your account. Always set the base stop-loss at 2% no matter what and you will have a half of your fear off because you KNOW that you CAN'T lose more than 2% of your account. That means if you will lose, your account will still be at 98% ready for another shot.
Simply: DON'T RISK TOO MUCH!

Great advice for all beginners who want make a million with their 1000$ account in a month or so.

FerruFx

ok, bro

but i have learned to don't take too much if i have get +20 or +30 on my trade position, cause i have learn for this "the profits which you see on you position when you are in floating profits position is a reality and the profits which you set at TP is a hope" so, the reality is the absolutely you can get, but the hope is like others hope can happen or can failure.

but i feel lucky cause now i learn to analyze where the price will go and i have exact price at EJ, but just for digits in front of comma. Hope can train this skill for further.

for traders who just have less than $200 funds on their balance how much lot are you prefer for open trade ? , sure using 1:500 leverage

hi all, be more quiet there now

i need others who have opinion about EJ trend movement after FED cut rates.

In my opinion, the medium term down trend in eur/jpy is broken and turned sideways which is rather boring really. The longer term trend is still up however.

last friday, market look be little quiet, fortunately i still can get +55 pips at UJ.

hope all of you have nice weekend

With $200 account you have only option to trade micro-lots if you want to obey some decent money-management rules (which I would highly recommend). Tell me, what is 2% of $200? It's $4, right? And if 1pip value on EURUSD is $1, then it means that your base SL should be at 4pips. If the spread is 2pips, then you have 2 pips the price can go against you before you close the trade, right? So by simple math you can find minimum account size you need to trade at low risk. If a reasonable SL to trade E/U on H1 timeframe is about 30-50pips then you will have to start with at least $2500 to keep your risk at 2% when using 50pips base SL (50pips = $50 = 2% of $2500) when trading 0.1 of standard lot. By trading micro-lots you will get 20.000 cents (= $200) and that will clearly allow you to have max. 400pips SL when trading 0.1 of micro-lot at 2% risk per trade. So you can trade up to 0.8 of micro-lot and still have 50pips SL.

thank you for your money management lesson, Pta.

how with using 10% or balance to trade ? many forex book i have read, said if using 10% margin still safe for money management, how with your opinion ?

Does anyone here know of any good manual trading techniques with custom indicators, etc?

I thinks its a good idea to have a manual and automated trading strategy working for you at the same time.

Ozfx has a pretty good method. http://www.ozfx.com.au

on this condition now, which are you feel give better analizing to traders, fundamental or technical points of view ?

now oil price still rebound and make more affect for any financial and economic condition. Will that's make USD be more weaken again ?. i looking for USDCAD for next week.

Im going to answer you by words of Van K. Tharp from one of his books:

The fact that market price distributions tend to have an infinite variance, or nearly so, suggests that more extreme scenarios than you might imagine are right around the corner. As a result, any derived estimate of risk will be significantly underestimated. And unfortunately, most people take way too much risk in the market. When market wizards like Ed Seykota and Tom Basso claim that risking as much as 3 percent of your equity on a single position is being a "gunslinger," it suggests that most people are really crazy in the amount of risk they take.

And Im adding that I really tried many many times to get better results by risking more than 2% (like 5-25%) but all I got were painfull lessons May I know what forex books did you read?

Indonesian Forex books , one of that have title (in English) "Starting forex omline trading". and many book there said using 5%-10% of equity is the generall. but i read on many international traders article said they just using 1%-2% of their equity

Well, there is a zillion of books and trading systems, some of them are free, some of them are expensive. But it's like with traders: only a small percentage of them is really valuable and worth reading. If you want to read something that I consider as valuable trading education, then tell me and I'll suggest some books

Well, it seems that I have lost my money completely
They are no longer exist...
Just dissapear with my money

Actually, you have been told several times you can call our office in Cairo, and you can come in personally with your lawyers to talk with us. Why don't you contact us directly instead of just continuing this forum ruse?

Sure, Pta

but, please on English or Indonesian language, cause i don't understand Czech language

hmm.. maybe you can give some free valuable books/e-books, and few example of books/e-books with cheap price

jafar, yesterday your support gave me another address. This one: 54 EI Kods Sharief str, Mohandessin
Which one is real?

BTW, Will you pay my expenses for chasing you around the whole Middle East? Or will you accept there is no real office and you keep scamming people and defend your poor company alone? Don't you feel lonely, jafar, when the whole community says fxopen is a scam and you are the only defender on the fortress wall?

This is a message for the people which are posting under the name of Erlan.
1st of all I would like you to confirm some information you have posted:
Is that true that Erlan do not speak english and that people which are posting english are representatives of the company Polt*kfx?

2nd The new office in better location (Zamalek) was just opened. Some of supporters (especially non egyptians) can have old information regarding an address. Why you always scream that we have no office and blablabla? We have representative offices not just in Egypt, is this difficult to imagine for you guys? But it is normall for the company like yours which has no office at all:)

3rd I do not know if there any more people which are normall still believe to the story of "poor trader" but anyway, we repeat you once again (maybe 10th time or something...) we are waiting for you so much guys (lets say Erlan) in our office in Cairo city at Gezira 14 street.

No one will afford you any trip to our office just because you will never come. I kindly ask moderators of the forum to delete this thread incase mr.Erlan/polt*kfx will not come to our office.
P.S. borring, all your identical non-sence posts will be ignored.

Thanks for all our Clients which support us!
We are nothing without you!

Might I add that I have called the Erlan telephone number (in the United States NOT Kazakhstan) no less than 10 times and have received no answer except for an answering machine with some young and trendy sounding American guy is in the message.
Why haven't you called us yet "Erlan"?

Crazy history

is FXOpen a scam or not.....any expert can give advice.

AH yes, the never ending story between fxopen and their previous partner, we couldn't ever expect anything by far or less which one is the better.

Both side have their own proof, yet FXOpen keeps on growing each and every day..
IMHO Erlan has $80,000 to invest on the forex market, but yet he/she is objected to come to the office.

as far as erlan didn't come to the office representative, i'll vote : FXOPEN IS NOT A SCAMER.

TRade AT YouR OWn RIsk

Thanks for support.
P.S. I hope Admins of the forum can modify name of the thread to "Investigation about FXOpen" atleast, because it is obvious that the people which are posting under the name of "poor trader" just trying to make all search engines indexate negative information about the company.
P.S.2 I will not continue to post in the current thread but will be happy to answer for all the questions here: http://www.moneymakergroup.com/Fx-Open-Mem...5&start=225

Erlan, or whoever it is posing as Erlan on this forum.

FXOpen has tried to contact you on numerous occasions and failed.
FXOpen tried to send you a letter, but your whole street according to your ID documents does not exist.
FXOpen has called your phone number many times, yet you failed to answer.

FXOpen has given you the company's main physical office address.
FXOpen has invited you to come to the office to discuss the matter with or without your lawyers present.
You have been provided with names and phone numbers with which to call us and speak about your issue.

Neither you, nor anyone representing you has visited us.
Neither you, nor anyone representing you has sent any correspondence.
Neither you, nor anyone representing you has telephoned us.

We have done everything in our power to resolve the situation, yet you just continue this charade in hundreds of forums across the internet.

It's up to you, "Erlan" to end it now.

The ball is squarely in Erlan's court.

I dont if its a scam or not. If Earln just want to denigrate Fxopen.com name he made it very well.

Hi FxOpen

when June competition would be started ?

Well, books which I consider as valuable aren't free But Im sure they can be found on the internet if you really can't afford to buy them.
Here are my tips:

http://www.amazon.com/Trading-Zone-Confide...1237&sr=1-2
http://www.amazon.com/Trading-Living-Psych...1237&sr=1-4
http://www.amazon.com/Come-Into-My-Trading...237&sr=1-11
http://www.amazon.com/Adventures-Currency-...1420&sr=1-4
http://www.amazon.com/Trade-Your-Way-Finan...1547&sr=8-1

I have read (or Im reading right now) all of them - some more than twice. Every book from that list had opened a different "eye" inside of me and helped me to better understand myself which is the key to success in any thinkable human effort.

thank's a lot and i would review books whic are you recommend above. Honestly i never buy book from amazon. Maybe next month i will try it . How about technical Pta, which strategies are you most using when watch the market ?

have nice weekend for all traders and C U for next monday

This is a message from the fxopen forum about the fxcup competition.

when the next competion will start?

as the announcement above we can know if next competition planned to start from july 2008.

how about may competition result?

sure FxOpen still checking, if the top position competitors contest trades are within the rules

Hello fellow traders.

If you logged in to the traders cabinet (MyFXOpen area) you may have noticed the new "IP Address Filter" field in the settings/personal menu. See the attached pic.

If you want to just change your leverage PLEASE LEAVE THIS FIELD ALONE.

The IP Address Filter is a new security measure implemented by the FXOpen security team designed to lock your cabinet login access to a particular IP address.

If your IP address is static (never changes), you may put that IP address in the IP Address Filter to block all logins except those that come from the IP address that you have specified in there.

Important! : If your IP address is dynamic (most ADSL users are), please do NOT enter anything in this field. You do NOT need to enter anything in there if you are just changing your leverage level.

I hope this little bit of information helps you take advantage of this new security feature, but more importantly helps those of you who locked yourselves out of the cabinet by accident from doing it again.

Im watching S/R levels and Im using trendlines and channels to plan my trades. Im also getting advantage of london open momentum on G/J from time to time, playing it safe for 35-100 pips

Good one!

FerruFx

trading momentum at GJ ? hmm i want to learn it too. are you waiting news release to do that ?

No, he means the London open moves. You can do it with breakout trades too.

ohh i am understood now. Breakout trades need some analyze to find entry and exit point from the price movement, which indicator are you mostly using to find entry and exit point ?

i am usually use parabolic SAR, but don't know how to find best TF for pair like EJ.

I THINK FXOPEN IS NOT A SCAMER

Try SAR on H1 with Step 0.05 and Maximun 0.1. Very accurate to stay in a big move and use it as a stop.

FerruFx

thank's for your technical sharing information, i would try it.

gave a nice weekend for all

As I know, many members can get $25 bonus without investing, but they need to do 10 lots trading before they can withdraw the profit, so, any of you can do 10 lots trading with that $25?

my suggestion is invest $25, and get $25 welcome bonus, then apply for that post bonus($25), so you can get one account with $75, with this, it will be more easier for you to begin your trading!

You can get extra $50 for making 1000 post at our forum as well.