MoneyTec.com Traders Community Forum - View Single Post - What kind of trading is most profitable for ordinary people?

ampris2000 · 07-07-2005, 11:40

well....
if you use 20,000 on 50:1 leverage and trade the aud/usd 10 pips per day times 5 days = about $6750.00 (usd) per week.
How is that? You could probably use less but the above is something I figured out on the fly for you.

yeah, yeah, i know people say don't trade your whole balance. I do a bit of both (the whole balance and sometimes part).

My question is, why not use the whole balance if you know it is going to go in your favor?
In trading in the zone, the author wrote:

"Why would you make a trade if you aren't sure it would go in your favor?"

I like that.

P.S. the money is all relative. If your balance was 20.00 and you lost 10 pips that would be about a $6.50 loss. So you think, no big deal. It is still the same percent if you had 20,000 and a $6750 loss.
Forget looking at the numbers, just work on being a good trader and the money will follow.
This morning had I looked at my numbers on the aud/usd i would have probably freaked out. But I have my account info hidden. So all I saw was the big negative pips I was in, but stuck to my system which said it'll be going down. Which eventually it did.

07-07-2005, 11:40	#20 (permalink)
ampris2000 Forex Teacher Join Date: Oct 2004 Posts: 450 Rep Power: 0	Re: What kind of trading is most profitable for ordinary people? well.... if you use 20,000 on 50:1 leverage and trade the aud/usd 10 pips per day times 5 days = about $6750.00 (usd) per week. How is that? You could probably use less but the above is something I figured out on the fly for you. yeah, yeah, i know people say don't trade your whole balance. I do a bit of both (the whole balance and sometimes part). My question is, why not use the whole balance if you know it is going to go in your favor? In trading in the zone, the author wrote: "Why would you make a trade if you aren't sure it would go in your favor?" I like that. P.S. the money is all relative. If your balance was 20.00 and you lost 10 pips that would be about a $6.50 loss. So you think, no big deal. It is still the same percent if you had 20,000 and a $6750 loss. Forget looking at the numbers, just work on being a good trader and the money will follow. This morning had I looked at my numbers on the aud/usd i would have probably freaked out. But I have my account info hidden. So all I saw was the big negative pips I was in, but stuck to my system which said it'll be going down. Which eventually it did.