Wednesday, July 7, 2010
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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4 comments:
Hi ForexBird...:)
nice to see u in action again.
keep it up..:D
i have a question if u dont mind answering.
whats the difference before every new bar is made?
i means whats the difference between the close of one bar and open of new bar?
im asking this becuz recently i started demo ninja with mbtradin and i set 3 pip range and every new bar that is formed is when price moves 0.1 pip from previous bar.
but my charts don match with urs.
ur repli wud b greatly appeciated..
tc and keep smiling ...:D
Since MB Trading has the 5th decimal place, you may have to set your range setting to 30 instead of 3 to match his charts. Since the price movement is more precise, to the 5th decimal place, you probably won't have gaps. So, your charts won't match his perfectly, but close.
Thank for the info, dear friend..!
Cheers..:)
I always love to do aggressive trading, but at the same time, I believe using good money management is what plays key role and if we go with aggressive route without proper management then it’s just going to be losing cause for us, I’m extremely fortunate to be with OctaFX broker since with them, I can afford to be wild and that’s to do with their magnificent rebate program that gives me 15 dollars profits per lot size trade even on losing one.
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