• LA Auto Show 2008: Audi Falls Flat in Season's Final Show
  • AudiWorld Exclusive: Truth in 24 Documentary at AFI Fest
  • First Drive: The All New Audi S4

  • [Thread] [Post Followup] [Post Picture] [Search Forums] [Off-topic Discussion]
    FXCM has wholesale spreads on micros right now. Real money is best because
    Posted by: Evil Dr. Murphy on 2008-10-10 15:08:43
    Account #: 143459

    In Reply to: Is there any difference with micro accounts? posted by UCLA Matthew on 2008-10-10 15:02:10

    with the practice accounts, you'll do things that would never do with your own money. But start with a practice account for a month or two to get familiar with how it all works.

    Just try out different classical trading styles to convince yourself that the market is cracked. Then develop your own "nose" for stuff that works.

    You need to have a very very short-term mentality because holding over long periods will erase your shit faster than you can say "I work at wallmart now".

    Aim for making no more than 15 pips on any trade and losing no more than 10.

    If it globs out more than 15 in your favor, get out as fast as you can 100% of the time. If it makes 3 pips or something small and then stops moving, get out as fast as you can 100% of the time. Forget those rules and you'll be sorry. Trust me.

    In forex, a half a bird in the hand is worth all the birds in all the bushes on every planet in the universe.



    Thread:

    You must be registered and logged in to post. Please select an option:

    Login with existing account
    Create a new account




    Terms of Use | Copyright © 1996-2008 by AudiWorld. All rights reserved.