Post by odrisb on Dec 24, 2011 15:18:45 GMT 8
1. Ensure you have a minimum account balance of $3000 US per 0.01 micro lot traded with a minimum account leverage of 100:1
2. Do not intervene while trades are in progress. Periods of large drawdown (up to 40%) are expected with grid trading so if you cannot handle this then this is not for you. If a period of drawdown is in progress it is best to walk away from the charts so your emotions do not get the better of you! Patience is very important when trading and you must be able to accept the good times with the bad.
3. Trading with any automated Forex EA's/Robots is risky. As the saying goes DO NOT TRADE what you cannot afford to LOSE. Withdraw your profits regularly and hopefully you will make some extra money along the way...
4. I have sourced the FX market and will continue to source the market for reliable EA providers. You can come along for the ride if you wish to do so.
2. Do not intervene while trades are in progress. Periods of large drawdown (up to 40%) are expected with grid trading so if you cannot handle this then this is not for you. If a period of drawdown is in progress it is best to walk away from the charts so your emotions do not get the better of you! Patience is very important when trading and you must be able to accept the good times with the bad.
3. Trading with any automated Forex EA's/Robots is risky. As the saying goes DO NOT TRADE what you cannot afford to LOSE. Withdraw your profits regularly and hopefully you will make some extra money along the way...
4. I have sourced the FX market and will continue to source the market for reliable EA providers. You can come along for the ride if you wish to do so.