Forex mini account-returns and tips
Wednesday, February 3rd, 2010 at
5:46 pm
How and how much
I am a newbie and would like to know:
1. If you have experience trading mini account (300 $).
2. Are you able to generate at least 30$/month?
3. What technical indicators do you use?
Tagged with: mini account • newbie • technical indicators
Filed under: Forex Mini Account
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Forex trading without experience is kind of a crapshoot, if you ask me. You can be correct on the long term direction of a currency pair, but in the short term you might lose all of your margin. For example, if a CPI figure comes out and you are on the wrong side of a trade, you could esaily lose everything. If you are going to trade with $300 then reduce your leverage, and you can stay in the game longer. Techincals that I prefer are Moving Averages, Fibs, and the Elliot Waves. Also, I find that MACD can be good.
I started Forex Trading with $500 and I make at least $1000 on the average each month. It’s a sideline for me.
I used to have a lot of favorite indicators in my Forex Trading but recently have no time and I started using Forex Killer Forex program instead to generate signals and i found that I was able to do s well with much less effort like before always focusing my eyes on charts. Forex Killer does give some good signals to me. Not magic but better than without.