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  #11 (permalink)  
Old 05-12-2008, 06:44 AM
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If your going to trade live make sure you know a few things:

1. If it's not your system, at least know how it works. If it makes a buy or sell or tells you to, and you don't know why, you shouldn't be using it.

2. Understand Forex. If you don't know what margin is or margin call, or any terms used in Forex, you shouldn't be trading.

3. Know how money management works. You can have the best system on earth, without money management you will never profit.

4. Forward test any system on a demo account for at least 6 months. Backtesting is worthless for the most part.
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  #12 (permalink)  
Old 05-12-2008, 08:46 AM
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skypilotfx, great resume ...

Minime, you are right and we all still learning every day.

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FerruFx / www.ervent.net - Professional Coding Services (EAs/Indicators/Alerts)

BBVPS.com - Reliable Windows VPS For MT4 Hosting
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Old 05-12-2008, 11:20 AM
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You must understand well the margin and leverage first before you go on live trading. I do agreed with Linuxser you trade mini lot with a $250 capital are quite undercapitalised.

Try read this link Leverage the Killer | College: The Number One Cause of Death for Forex Traders | Learn Forex Trading and hopefully you understand it.
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  #14 (permalink)  
Old 05-12-2008, 11:42 AM
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Quote:
Originally Posted by matfx View Post
You must understand well the margin and leverage first before you go on live trading. I do agreed with Linuxser you trade mini lot with a $250 capital are quite undercapitalised.

Try read this link Leverage the Killer | College: The Number One Cause of Death for Forex Traders | Learn Forex Trading and hopefully you understand it.
Awesome link, thanks!
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Old 05-12-2008, 01:45 PM
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This is what happened

Margin Trading: The Dreaded Margin Call
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Old 05-12-2008, 02:03 PM
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hi

you've got margin call , i think the SL not functioning or there was a big drawdown that ate your balance

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