06-29-2015, 01:38 AM
(06-27-2015 06:14 AM)tonypilot7 Wrote: [ -> ]Agree. Unless there is something I'm missing or his new/updated info like mentioned above is different, I would otherwise trade the way he does. His trade size is good, always trade a small % of your capital, but even then this is way to mush risk doing it the way he does.(06-27-2015 03:05 AM)GeniusPrince Wrote: [ -> ]Any review? I want to learn how to trade with Forex the right way.
Just my opinion...
I watched a few of the trade setups and how he manages them and I wouldn't take the trades that he does.
He uses backtest data to estimate profit targets for each currency while setting stops that are 2 to 3 times larger (variable based on prior days price action). The backtest data shows just above a 50% probability of going in your favor.
A 50% win probability with a 3 to 1 risk/reward ratio is a recipe for disaster.
His trade size rules are spot on though, never risk more than 2% of capital on any one trade unless your system and the person trading it is proven without a doubt.
I'm no professional trader, and I don't even play one on TV, but if you trade these systems, do it with a very small bankroll and trade small positions until you have proven it to work.
ahh wtf, no edit feature on here? lol, supposed to be NOT trade the way he does and much not mush, stupid auto correct on phone.