Bitcoin might be used as currency one day, but its to volatile now. I don't want to spend my bitcoin because it will be worth more tomorrow. I don't want to accept bitcoin for a item I'm selling because it might be worth less tomorrow. Stalemate. ...

The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

raphaelfx I don't think I like your broker. Looks like your being charged swap fees even if you close a trade before rollover. Some trades only a few minutes long. I'm using Questrade because its regulated in Canada and also trade stocks with it. No ...

Turning $800 into $1 million in 1 year

raphaelfx No balance doesn't matter, equity is what your account is valued at any moment in time. Strange, with $470 margin I didn't think a margin call would activate until $47.00 equity.

Turning $800 into $1 million in 1 year

In trading currencies, traders can make money no matter which direction a currency pair goes. The trick is to pick the right direction. Not always written in stone.

Turning $800 into $1 million in 1 year

raphealfx I see you were fully hedged at the time of margin call. Your equity must have been very low and when fees were added it dipped below 5% and started a cascade of sells, each one changing your equity to margin ratio and triggering another ...

Turning $800 into $1 million in 1 year

raphaelfx Can't say that losing money is any fun but we do learn a lot from the mistakes we make. I thought you were right when you figured GBPJPY would go back up, but I think you started to waver lately. This is never a good scenario. Made the ...

Turning $800 into $1 million in 1 year

No what you mean. Last week was a disaster, couldn't get in a groove, sell loosing trade it goes up, buy new position it goes down. Still working with profits though. Been trading FX for a year now, never stop learning.

Turning $800 into $1 million in 1 year

Just wanted to say thanks for this forum. First time trading GBPJPY, thought I made a mistake on Monday when I was down 190 pips but its turned around nicely and am now up 130 pips.

Turning $800 into $1 million in 1 year

Well said. Equity is what matters.

Turning $800 into $1 million in 1 year

Your right I feel the same. If you look at the 4hr trend line for GBPJPY, its just touched past it and might reverse. I'm watching for gold to continue falling and USDJPY to strengthen. Now's not the time to get over confident.

Turning $800 into $1 million in 1 year

Raphael fx. Nice profits. I think your trading has been great. Like you said we sometimes get in a bad situation, its all about how you get out and make a profit. Holding my buy position hoping for 108.00

Turning $800 into $1 million in 1 year

Raphaelfx what currency is your account in. I opened buy position GBPJPY and my swap is paying me. USD account. Sell position costs me.

Turning $800 into $1 million in 1 year

Nobody likes swap fees but you have to ignore them when you make long term trades. They can also be in your favor.

Turning $800 into $1 million in 1 year

Opened Buy position GBPJPY at 140.567. Lets see what happens over the weekend. Fingers crossed.

Turning $800 into $1 million in 1 year

Good trading. Looks like your timing was good.

Turning $800 into $1 million in 1 year

Hang in there. It's going back up soon. But I don't think till next week though.

Turning $800 into $1 million in 1 year

I hope your going to hedge this.

Turning $800 into $1 million in 1 year

I think this might hit 136.386 before it turns around end of next week.

Turning $800 into $1 million in 1 year

You can't lose much when your 90% hedged.

Turning $800 into $1 million in 1 year

I think you might be right about GBPJPY going back up. When Feds raise interest rates next week I think gold and YEN are going down for a bit and I don't think the market has been priced in yet. Seems like USD been dropping on all currency's and ...

Turning $800 into $1 million in 1 year