Risk disclosure Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the Use of Leverage at normal levels. The client must always keep in mind that leverage increases potential loss, as well as potential profit, and invested funds can quickly suffer losses in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining sufficient margin in relation to the existing positions.
Introduction
First and foremost I’d like to state I regard myself as a forex winner .
I had a live account (small and humble) that I doubled then withdrew my
original “investment” (gamble) and was left with the profit to trade
with . When I lost 25% of that ,common sense kicked in over greed and I
made for the hills with my hard to withdraw earnings ( the longer your
cash sits in your brokers account the longer they can make interest on
it ) …Just a little heads up boys and girls .Now come along it’s time
for class …
Pick a pair, any pair
Go on a demo account or your real account if your lucky enough to have six or seven zeros after at least a one .Then pick a pair,any pair. Set up a trade at market ( only use a fraction of your account ( Money management people !! ). No need for indicators (that are based on past action) , no need to check the latest news or direction of your pair . NO STOP LOSS and let it run and run ,(HINT :Back the Dollar ) .Pop back to your account every now and then to see if you have hit your TP,Or to hell with it no TP either …Let’s roll with it . As long as you have enough zeros after at least a one you won’t be called out on margin ,then when in profit to your liking ,close position and put your feet up ,light up a Havana and check how your latest Ponzi scheme is going .
The Rich get Richer
It takes money to make money and only that tiny ,tiny percent of retail traders will ever see large green backs . “ please sir ,can I have some more”.
It’s better to dip in and out of forex every now and then to boost your
income for your holidays etc.Have a small goal then take profit and
run.
You can’t compete with the big boys ,your pathetic account will be
their money in the end if you stay long enough. These guys can sit in
the red for months until it comes back around to their liking, if need
be. Or they hedge their bets and the little numbers just keep going up
and down …At least six or seven zeros after at least a one …No margin
call !! .
The whole OTC market (retail forex ) is designed to shaft the little man of his dumb money .Yes they give us a chance to make easy money and we should kowtow to our Goldman Sachs masters for the chance to pick the bones that they throw us to keep us coming back ..But just don’t stay too long ,I beg you for the sake of your children’s Christmas .
.Sorry Timmy ,Daddy tripped his Stop Loss again ...No Christmas this year .
A Day In The Life of Dumb Money
The only sense is ,It makes no sense .
What's
up friend ?, Why the sad face ? . Did you lose profit last week when
all indicators were buy and the news came out to back it up and that
should have enhanced your lot !!. ..But wait a minute, what was that
before your very eyes .A dirty dirty spike ,the exact opposite of what
logically should have happened .A dirty dirty spike that tripped your
stop loss !! ...Poor dumb money, I feel your pain.
Could the big
boys have flung their muscle into the ring and drove the price in the
opposite direction ,taking all the dumb money in the process ...Then
later driving the price the way it should have went all along ,thus
making even more money when the “dumb money” panicked and jumped in the
wrong direction again to claw back losses . Maybe, just maybe ?? .
How
do you feel that your dumb money paid for a trip to Vegas for hedge
fund manager loud tie Larry and the boys along with a truck full of
escorts and a plethora of illegal stimulants ? … Can you hear the echo
of the Champagne bottles POP..Pop..pop .
Conclusion
Forex is like apartheid and you are on the rusty side of the fence .Take enough for your need and not your greed .Don’t upset the masters and commanders by taking too much of their cash .Fly under the radar or like the Caste system in India you will not be allowed to get too far ahead before they slap you down in your place . Moved goal posts will keep you where they like you. Slippage,interest hikes on your profits,margin calls and spikes are a loud tie Larry’s wet dream .
So there you have it ... Retail forex is like going up against an Army with a handgun, I just hope you get a few shots off before they get you !! .
Happy Pippin .
