I'm interested in seeing what folks at FF REALLY do for money management. I have my own tactics that I'll share as this thread develops.
- What's your take on FX in general? (explosive growth? move profits from other endeavors, trading or not to continue growth? as examples..)
- What do you consider your primary money management tool for FX trading?
- Describe your understanding of what actually takes place (reductions, commissions, spreads, etc..) in terms of money in your account when you place a trade
..In the wake of the CHF craziness with brokers dropping like flies and margin calls + obligations beyond acct size coming into play like never before, this seems it should be a primary topic..This thread isn't limited to the current time period where the CHF move is in the spotlight - continuing discussion and ideas to adapt to market changes are certainly acceptable.
Comments deemed negative or completely irrelevant will be moderated as appropriate and may result in you not being able to post on this thread.
The intent here isn't technical analysis methods. There's enough of those but I haven't seen much beyond "use good money management" and I'm interested in developing my own mechanics and hopefully contributing something to this community in the process.
A little more about myself:
- involved in FX since about 2003
- some time away starting in 09.5 or so, just coming back in april, 2014
- during the break I was working on a theory pretty extensively with the EUR/USD
- Coming back I decided it was time to live trade the theory and my pair of choice was the AUD/USD
- Since then I've branched out a little to GBP/AUD, GBP/NZD, NZD/USD but for the most part I keep the number of pairs traded fairly low
- I have intentionally stayed away from EUR (due to negative interest rates) but probably should've at minimum set a short in June...won't be the first time I missed something
- I was completely out of the way of the CHF debacle. I just never have had an "attraction" to it, so, I've kept my money away from it. Not a thing wrong with it. I just don't trade it. Same goes for the JPY.
- What's your take on FX in general? (explosive growth? move profits from other endeavors, trading or not to continue growth? as examples..)
- What do you consider your primary money management tool for FX trading?
- Describe your understanding of what actually takes place (reductions, commissions, spreads, etc..) in terms of money in your account when you place a trade
..In the wake of the CHF craziness with brokers dropping like flies and margin calls + obligations beyond acct size coming into play like never before, this seems it should be a primary topic..This thread isn't limited to the current time period where the CHF move is in the spotlight - continuing discussion and ideas to adapt to market changes are certainly acceptable.
Comments deemed negative or completely irrelevant will be moderated as appropriate and may result in you not being able to post on this thread.
The intent here isn't technical analysis methods. There's enough of those but I haven't seen much beyond "use good money management" and I'm interested in developing my own mechanics and hopefully contributing something to this community in the process.
A little more about myself:
- involved in FX since about 2003
- some time away starting in 09.5 or so, just coming back in april, 2014
- during the break I was working on a theory pretty extensively with the EUR/USD
- Coming back I decided it was time to live trade the theory and my pair of choice was the AUD/USD
- Since then I've branched out a little to GBP/AUD, GBP/NZD, NZD/USD but for the most part I keep the number of pairs traded fairly low
- I have intentionally stayed away from EUR (due to negative interest rates) but probably should've at minimum set a short in June...won't be the first time I missed something
- I was completely out of the way of the CHF debacle. I just never have had an "attraction" to it, so, I've kept my money away from it. Not a thing wrong with it. I just don't trade it. Same goes for the JPY.
"Holy Grail" exists - accepting where is the first step.