It seems impressive, but you are using a microaccount. Do a live trade then I would believe you. If I may ask, how long have you been trading forex ?
that's pretty good if you look profit%, but with 50€ capital the profits in euros are not that good.....can't make living ...yet
Profit in forex have nothing to do with the economy, you trade the ratio between the values of two currencies and can profit whether it's going up or down. that doesn't mean that I believe his service is a valid one though
I bet its not safe et all these days anywhere in the world. While you can try him. I might be doing in future
vacation week for me. didn't do any trading but got some interest profits. pips: 0 profit% for week 10: 0.07% profit for starting capital: 0.079% total profit%: 9.57%
Hey pmjn87, when I look through your charts I've noticed you've pretty much hit the interest rates every time but I don't see you submitting any trades for them. Is Oanda giving you interest without having to carry over trades. Or are you just timing the roll over times. Just curious, I've been trading for about 3 years now but I haven't gotten into rollovers much.
there is usually atleast 1 open trade and I get the interest from that hope this helps how is your trading?
I do alright, I'm not a full time trader so I usually either go for the large rallies or news announcements. I traded the UK Industrial Production m/m this morning -1.2 was expected and it came out at -2.6. I made 35pips on that and I also jumped in on a dive on the usd/jpy and made 20pips. So all in all I did pretty well with 55pips. If ya want to chat sometime pm me. Maybe we could toss some ideas back and forth. I'm always interested in learning new strategies.
what broker do you use dude to trade in news time my broker make spread more than 20+ in the news time
I use IBFX, I'm in the US so I like to stay with US brokers. Their spreads do widen a little but usually no more than a few pips. It really depends on the volatility I have seen it get as bad as 10 pips but I've also noticed they don't widen their spreads until a few seconds after the numbers are released giving a little time. News trading is tricky, I actually try to stay away from the announcements with higher impact as you just never really know what their going to do until a few minutes after. I'm mainly a technical trader but I'm not stupid, I know better than to ignore the news. And how bout that dive on the GBP/USD today. I was watching all morning and everything was telling me it was going to dive and what happens, I fall asleep. Oh well there's always another day.
I usually trade around 10% of my account and for the news usually 5% unless I'm absolutely sure how the market will react to the rates. Which by the way is not often lately. Even the interest rates are getting a little unpredictable now. That's why as I posted above, I typically stay away from major announcements for at least a few minutes until the market makes up its mind as to which direction its moving.