Limit your downside, define your lot size
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Well, it's quite difficult to trade 10k, or 100k, contracts in Forex. It would be better if one can define his/her own contract size. MadaFX introduce flexible contracts. You can trade Forex as little as $1. Right now, you can receive $5 cash bonus when you open a free live account online. Please check at MadaFX
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Welcome to FXFisherman, forex_trader!
Oanda is also flexible for trading, since contract size is in unit. No minimum deposit required to open an account. Recently, they launched a new type of trading BoxOption for testing. |
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I remembered when i was new to forex. I could double double double for two weeks, but then the disaster structed. I lost everything in two days at betatmarkets. Also remembered the reversal idea. The only thing matters is the spread. It's the killer of reversal attempt. Example, Long position is -10 pips loss, if you had shorted instead, you would get only 6 pips profit. It's the work of 2 pips spread.
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Hah, I'm just waiting for ym CCI/Stochastic idea and see if it works, I see the forex market as so volatile that buying or selling randomly could almost always make you profit. You just need to be able to suffer through the wrong direction for a long time, becuase when you think about it, mutual funds make in a year what forex traders can make in 3 or 4 trades (or 1 if your risky)...
that's why I always loved the forex, volatility
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hii...thanx neo for invite me to ur forum,first i'm sorry if my english isn't well,i'm not an expert in forex buy i'm still learn,,,learn..from others who expert in forex i've been made a profit in forex n i want to change my life to play forex maybe You all in this forum can teach me how to create EA,,& how to made indicator,, i play at marketiva coz it simple for me i'm still learn to play at meta4,....
![]() FLUKE a.k.a ZACK ![]() |
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? By the way, I think oanda is not good enought
, let say eur/usd, normal spread is 1.8pip, but it will change in any time

:whistling 
Linear Mode

