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greeneyedguy · 24 February 2021, 11:32 AM

Last week I had some time to kill on a three hour flight so I grabbed a copy of Forex. I began trading last week with 100 bucks just to see if I could devise some kind of system that works. So far I'm 17 percent up with 24 successful trades and 1 unsuccessful trade. Here is my strategy. Buy as close to an even trade as possible and then only close when you are in the green. The longest I have had a trade open is 5 hours but most close within an hour or two. I keep my Margin Indicator well above 200 as to not force a close if it falls below 100. So my question is, what would prevent this strategy from working if I multiplied my initial investment by 1000 dollars, so lets say 100K. It seems like I could easily make 5-600 bucks a day by making simple small margin trades similar to the trades I have been making this week with 100. Are there any specifics I should watch out for when moving a large amount of money into currency trading? I figured I would just double my initial investment periodically while I solidify my strategy and build confidence in the trading market. Any insight to this would be greatly appreciated.

Secondhandunwinds · 26 February 2021, 06:25 AM

I’d be curious to learn more about this as well. Anyone with experience or knowledge in this area?

CharlieWex · 4 March 2021, 01:06 AM

Not to be insolent, but I think you should give up forex trading.

Tricolore66 · 5 March 2021, 12:43 AM

Very helpful post. Care to elaborate, or are you just here kill the thread?

Quote:

Originally Posted by CharlieWex

Not to be insolent, but I think you should give up forex trading.

gnuyork · 5 March 2021, 01:23 AM

Quote:

Originally Posted by Tricolore66

Very helpful post. Care to elaborate, or are you just here kill the thread?

I was thinking the same. At least elaborate why...

Wcdhtwn · 5 March 2021, 02:27 AM

Quote:

Originally Posted by CharlieWex

Not to be insolent, but I think you should give up forex trading.

Not to be insolent, but I'm gonna be insolent. Winner of a 13th post.

OP, I know nothing about FOREX so can't advise you. This guy seems to want to represent that he is knowledgeable about it, maybe he'll enlighten all of us.

sammybiker · 5 March 2021, 05:00 AM

OP, your sample size is non-existent. Paper trade or trade small and prove the concept for a few hundred/thousand trades.

FX is a losing endeavor for most, especially newcomers that start, make a few trades on a demo or small account, think they've got something going and scale up immediately.

I traded fx, mostly London session for six years. Much easier ways to make money w/far less stress.

GL op.

24 February 2021, 11:32 AM	#1
greeneyedguy Banned Join Date: Aug 2017 Location: suffolk Posts: 419	Forex Last week I had some time to kill on a three hour flight so I grabbed a copy of Forex. I began trading last week with 100 bucks just to see if I could devise some kind of system that works. So far I'm 17 percent up with 24 successful trades and 1 unsuccessful trade. Here is my strategy. Buy as close to an even trade as possible and then only close when you are in the green. The longest I have had a trade open is 5 hours but most close within an hour or two. I keep my Margin Indicator well above 200 as to not force a close if it falls below 100. So my question is, what would prevent this strategy from working if I multiplied my initial investment by 1000 dollars, so lets say 100K. It seems like I could easily make 5-600 bucks a day by making simple small margin trades similar to the trades I have been making this week with 100. Are there any specifics I should watch out for when moving a large amount of money into currency trading? I figured I would just double my initial investment periodically while I solidify my strategy and build confidence in the trading market. Any insight to this would be greatly appreciated.

26 February 2021, 06:25 AM	#2
Secondhandunwinds "TRF" Member Join Date: Jan 2013 Real Name: Paul Location: Wisconsin Watch: Daytona C & DJ Posts: 62	I’d be curious to learn more about this as well. Anyone with experience or knowledge in this area?

4 March 2021, 01:06 AM	#3
CharlieWex "TRF" Member Join Date: Dec 2020 Real Name: Charlies Location: USA Watch: Rollex Posts: 14	Not to be insolent, but I think you should give up forex trading.

5 March 2021, 05:00 AM	#7
sammybiker "TRF" Member Join Date: Sep 2012 Location: Houston, TX Posts: 9	OP, your sample size is non-existent. Paper trade or trade small and prove the concept for a few hundred/thousand trades. FX is a losing endeavor for most, especially newcomers that start, make a few trades on a demo or small account, think they've got something going and scale up immediately. I traded fx, mostly London session for six years. Much easier ways to make money w/far less stress. GL op.

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