91380
Quote Originally Posted by ;
WOW! With compoundidng you will double check your account and achieve a 6497% return per annum. Starting with a 1k account you will be worth over 4.25 million in two years surpassing any other traders outcomes ! Dont you think thats a bit strange for a newbie who cant read a chart? It's improbable that you can translate the news so you are dependant on the views of analysts to call a management for you and they're notoriously innacurate.
While it's probably a bit too optimistic, you do not have to call a management at all. Simply put a buy-sell stop pair a few pips from the current location (ATR can help with that, look at nonstop news ATR swings and compare). Figured that out my 2nd week trading so I could see someone new doing this. Only problem will be translating this to a real account... slippage and high spreads make news trading very difficult, and though you are able to exchange the rebound... I'm not sure it is well worth following each little news story just to hope for a dollar. Appears to be a heart attack waiting to happen.