Topic: Forex myths
What are some common forex or trading myths?
- SpiderMan
- Licensed Member
- Offline
Re: Forex myths
That you can by a robot for $97 and become a millionaire in 3 months!
- Popov
- Lead Developer
- Offline
Re: Forex myths
You can protect a loosing long position by opening another short position with the same amount.
Re: Forex myths
Thanks SpiderMan and Popov for sharing forex myths.
"Robots help to make money" Is it also myth or true?
Re: Forex myths
Popov wrote:
You can protect a loosing long position by opening another short position with the same amount.
You are right;)
Unfortunately i left 'some guy' helped me with my account when i had problems with account running TOM's EA. And this guy just hedged all my positions. From that moment the equity does not move, but what can i do now? Just close the position and take the loss?
http://www.forexfactory.com/togr#21
- footon
- ◄≡≡≡►
- Offline
Re: Forex myths
togr wrote:
Popov wrote:You can protect a loosing long position by opening another short position with the same amount.
You are right;)
Unfortunately i left 'some guy' helped me with my account when i had problems with account running TOM's EA. And this guy just hedged all my positions. From that moment the equity does not move, but what can i do now? Just close the position and take the loss?http://www.forexfactory.com/togr#21
Hmm, you should trade it like Pitbull method, Blaiserboy is the expert on this. In short you find strongest and fastest moving pairs and add new positions on them, reduce and manage DD and you come up as a winner 
That's the theory at least, hopefully Dave will enlighten us more soon!
Re: Forex myths
footon wrote:
togr wrote:Popov wrote:You can protect a loosing long position by opening another short position with the same amount.
You are right;)
Unfortunately i left 'some guy' helped me with my account when i had problems with account running TOM's EA. And this guy just hedged all my positions. From that moment the equity does not move, but what can i do now? Just close the position and take the loss?http://www.forexfactory.com/togr#21
Hmm, you should trade it like Pitbull method, Blaiserboy is the expert on this. In short you find strongest and fastest moving pairs and add new positions on them, reduce and manage DD and you come up as a winner
It sounds very interesting, i hope i will find out more about Pitbull 
- footon
- ◄≡≡≡►
- Offline
Re: Forex myths
Togr, few links on the method:
http://www.forexfactory.com/showthread.php?t=293904
http://www.forexfactory.com/showthread.php?t=334555
http://www.stevehopwoodforex.com/phpBB3 … m.php?f=30
That's quite a lot to go through, even harder to find the important bits between bashing and non understandable posts, but it it is interesting. Still waiting for Dave comments though 
Re: Forex myths
footon wrote:
Togr, few links on the method:
http://www.forexfactory.com/showthread.php?t=293904
http://www.forexfactory.com/showthread.php?t=334555
http://www.stevehopwoodforex.com/phpBB3 … m.php?f=30That's quite a lot to go through, even harder to find the important bits between bashing and non understandable posts, but it it is interesting. Still waiting for Dave comments though
Footon,
Thank you very much,
i am going to study it (or extract info first:)