Account no: 66475832
Investor password: hiocle13
It has been almost a year since i started trading in foreign exchange market. So i do not know exactly if i could survive in between these expert traders.
*Member A Noor Nabi is trading this week.
*Member B Jamedil ended-up with 0 profit.
*Member C Abokarma ended-up with an approximate amount of $27000.
That does not matter whether my team members have made less profits or they didn't win. We always have to look at both the possibilities winning or loosing. So, i am happy,whatever you guys did that was absolutely great.
My strategy towards my trades will be simple though. I will use support,resistance, horizontal,vertical, straight lines etc. The decision will be based upon my satisfaction over analysis if this would show the right prediction for which i will be looking for.Scalping will be preferred as well only when it is needed to be done.
Forecasting will depend upon the indicators i use in the trades. i have used Fibonacci, stochastic, MACD and RSI so far. First i will look for the suitable indicator for every trade. Sometimes i do predict the trend just by looking over the candlestick graph and by applying haiken ashi on it.
I will use any of the time frames from M1 to H4. one particular time frame will be in accordance with the strategical determination if i will go for the long-term trade then i prefer to use h4. whereas i case i will go for short-term trades or you can say scalping then i use M1 to M30 time frames.
Trading in pairs, Metals or companies:
Mostly i use to trade in currencies pairs(Eur/usd, eur/jpy, gbp/usd) this time i think i will have to trade in the most suitable trading component. Decisions on trade will totally depend over the strategy. If any of these metals(gold,silver) , currency pairs or companies(ibm,microsoft) will be showing the positive side then i would trade in it.The correlation must be positive.
All the decisions of my trades are directly dependent over my strategical analysis. So, i would preferably take the decision which satisfies me most.
*Thanks to the administration and management of Mt5.