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Posts: 9

Topic: Forex myths

What are some common forex or trading myths?

Re: Forex myths

That you can by a robot for $97 and become a millionaire in 3 months!

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

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 big_smile 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 big_smile That's the theory at least, hopefully Dave will enlighten us more soon!

It sounds very interesting, i hope i will find out more about Pitbull wink

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 smile

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=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 smile


Footon,
Thank you very much,

i am going to study it (or extract info first:)

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