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Originally Posted by jgerousis
The best way in forex is this
1. Develop a good system
2. Discipline
3. Get rid of fear and greed.
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jgerousis, please can you explain the following post of yours
, http://www.moneytec.com/forums/f14/how-beat-forex-market-22010/page3.html#post220962 and answer the questions raised.......
Quote:
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Originally Posted by jgerousis
I knew someone who assumed that GBPUSD will go up tomorrow. He bought 10 whole lots of GBPUSD. You know what happend? He lost 100,000K in one day. He blew his account
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You say someone you know bought 10 lots Gbp/Usd and lost 100,000k in one day? Did you mean 100,000K as you wrote or 100k (assuming you know the difference of course).
Are you referring to US dollars because if you are that would mean Cable (Gbp/Usd) dropped 10 cents (1,000 pips) in one day which is highly unlikely, and even more unlikely is that he didn't have a stop.
Is this just
another example of your wild imagination, and by quoting such ridiculous figures just
another demonstration of your total lack of trading experience and understanding of the forex market?
Please explain.