Is forex trading more risky than index trading or stock trading? Why?
Answer by Dave Hughe: Not really. But you need to know what you are doing. Is forex trading more risky than index trading or stock trading? Why?
Plain Forex Trading Club
How do you lose money in the forex market?
Answer by Dave Hughe: Gambling is the #1 reason in my opinion. By gambling I mean anything other than following a proven trading system. How do you lose money in the forex market?
Fr., Sep. 5. End of week trading results: -234 pips (Total: +4,362 pips)
Losing is an inseparable part of the trading game. This week was not kind for us. We lost -234 pips. This is exactly why money management is of the utmost importance. We discuss dealing with losses in this post: Let’s talk about losses. The up to date weekly Forex trading results since the start of … [Read more…]
Tu., Sep. 2. No signals were triggered today
Our signal was not triggered today and we made no trades.
Plain Forex Trade Copier Results: +37.73% Profit In 3 Months
+37.73% Profit Made since June 1, 2014 in the Plain Forex Trade Copier Real Account. +$538 Profit in 3 months for the account size of $1,426. As the name implies, Plain Forex Trade Copier copies our EXACT TRADES into your MT4 account… The Second Those Trades Are Made. If you were a member of Plain … [Read more…]
Fr., Aug. 29 End of Week Forex Trading Results: +36 pips profit
The total trading result for this week is +36 pips of profit. Prices of major currency pairs spent the most part of this week going sideways in trading ranges with low volatility. If you are new to trading and wondering why everybody keeps talking about the volatility, please read my answer to this question posted … [Read more…]
Th., Aug. 28. USDJPY price ran up on the news triggering our stop-loss orders
USDJPY price ran up on the news triggering our stop-loss orders (see previous posts):
Th., Aug. 28. USDJPY short trade reached its 1st profit: +19 pips
Our short USDJPY trade opened yesterday has reached its first profit target this morning for the profit of +19 pips (see the previous post). We are still holding 2 more units with stop-loss orders set at the break even price of 103.79.
Wd., Aug. 27. Forex signals & Trade results
The remaining 2 units of AUDUSD were stopped out at break even at 0.9331: We shorted USDJPY today: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Aug 27, 2014 at 7:38 AM Subject: August 27 To: USDJPY Sell 103.799 SL 104.17 P1= 103.61 P2= 103.51
Wd., Aug. 27. AUDUSD Long Trade Result: +17 pips realized profit + 2 units still open.
Our AUDUSD buy signal was triggered at night and reached the Profit Target #1 so far: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Aug 26, 2014 at 11:08 AM Subject: New order To: AUDUSD Buy 0.9330 SL 0.9289 P1= 0.9347 P2= 0.9357 The first unit was closed at 0.9347 realizing +17 pips of profit. We are … [Read more…]