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View Full Version : lost big time on EURCHF today

thescorpionking
01-05-2009, 10:44 PM
I'm using fxdd, since EURCHF is the best pair (lowest spread), I am currently using EURCHF only. but today, two trades, two big losses. what's up with that?

and it's January, EURGBP is not fixed yet.
maxtrader
01-05-2009, 11:06 PM
I'm using fxdd, since EURCHF is the best pair (lowest spread), I am currently using EURCHF only. but today, two trades, two big losses. what's up with that?

and it's January, EURGBP is not fixed yet.

Sorry about your losses but I think It is a reminder about forex nature, even with very low spreads losses can happen anytime in a consecutive way, and in different pairs, this is why people should use reasonable parameters and not gambling with those ridiculous settings recommended by people who are salesmen not professional traders.
These kind of events can easily happen with or without low spreads.
grandaevus
01-05-2009, 11:22 PM
Strong Money Management is at the heart of every trading practice.

One of the quickest ways to lose money when trading is failure to observe good money management techniques.

Never risk more than 2% of your trading account at any one time. Not Ever!!!!!
maxtrader
01-05-2009, 11:36 PM
Strong Money Management is at the heart of every trading practice.

One of the quickest ways to lose money when trading is failure to observe good money management techniques.

Never risk more than 2% of your trading account at any one time. Not Ever!!!!!

Great advice, that is the way I calculate my manual trading, I never risk more than 2% at a time, I see you have experience trading Forex.
Regards
perfectgrim
01-06-2009, 12:45 AM
i have all 4 pairs at 10LRR on the a demo and i to received a large loss. 40% of my total LRR loss on the eur/chf. anyone else have this spike?
JimGoose
01-06-2009, 12:56 AM
I had 2 losses on EUR/CHF today also on FXDD, no wins.

LRR = 10, and the account is able to trade in micro lots (0.01), all trades were in 0.01 too.

Only running on two pairs now on demo, EUR/GBP and EUR/CHF, 3 trades, all losses on January 5th.

I've had modest gains on the other demos i've run with IBFX and ForexMeta but haven't installed v23 on them yet to continue testing.