Trading Platforms - The Art Of No Loss Trading
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This web-page will irritate many and possibly most 4x traders and couldn't care less. Certainly I don't give a damn if any people read this article .
And it is secondary to me that most 4x traders are fools or at best, blind sheep in the herd. It's secondary to me that I profiteer greatly every day and without fail and most stupid traders lose and bust out their account.
The fact is that most fx traders are zombies who blindly accept a of misinformation and nonsense and most gurus are only of a self-professed "expert status" and who are only pursuading the ignorant, lazy and greedy into something under marketing hype of "guru".
I am simply different because I reliably and predictably make a not special $30,000 clear profit most trading days and I have no interest in selling you anything. There's not a thing you can purchase from this website.
With the advent of electronic Platforms Trading, the hands-on but criminal forex broker cut out of dealing-desk market intervention that telephone order trading was previously corrupted with - us retail traders possibly more than an honest ability to profit from the markets. The Platforms Trading mechanism is more fair. Though there are still brokerage houses that steal your trades via platforms trading - mostly it is niave trading that creates losses.
Anyway, with all that said, let us now address the most disturbing reality out there to be considered so you can all heave your guts up, and get all bent out of shape that I must be an escaped mental patient. Here we go;
"Stop Loss orders do NOT STOP Losses - they confirm them".
I argue it is totally wrong to close forex trades that are showing a loss because almost always the trades can be exited from with profits at some other time.
Getting in your face about this - any 4x order that under-water now will invariably be in or worst case break even at some future time because of changes in market mood, news event, Fibonacci retracement or whatever - almost always a bad price today is fantastic tomorrow.
And because of what I am arguing here about future price is easily verifiable, exiting a bad 4x trade today is nonsense!
The proper course of action to take in regards to losing fx trade is hedge that trade by means of an opposite. The hedge trade immediately neutralises any and all further damage to your bottomline and it gives you time to reflect on what you action next.
Frequently when prices continue to go south on the first trade - I then hedge again and often I will multiple-hedge a bad trade 5-10 times!
Eg, say I open a lot which then goes bad which I immediately hedge - and I typically hedge it at around the same price most people would have closed it with a stop loss order. As the price is now going crazy in the same direction of the hedge, every solid chance I get I will open further hedges. Before I know it my bottomline equity is well above where I was with only the one hedge, and certainly miles in front of the sheep who would have used a Stop Loss setting.
When the NFA tried to muscle its determination on the retail fx trader by introducing impotent rules banning its member 4x brokers from facilitating hedge trading. And what a fool the NFA made of itself - given that all professional and smart money simply migrated their accounts and cash out of the United States. The only impact the NFA had seriously damaged the United States as a financial center; further confirming London as the home of most fx currency trading.
Even those brokers with United States operations simply moved those cash accounts who demanded hedge capabilities off-shore - end of that story. All smart money demands hedging capabilities. Stupid money uses Stop Loss concept.
This web-page focuses on the center of one of the most idiotic concepts ever to do with trading. It may not be rocket science traders - but seems this sense is not so common.
About the Author
Philson Beckett is a fulltime fx trader, not an Internet Marketer. He is confronting and known to counter popular wisdom with his forex trading style. Bringing in $7,000,000-$8,000,000 net cash flow profit from his well equipped home-office, he feels no need to participate in mainstream fx meeting places and debates. He does offer some ideas about Platforms Trading from time to time and further Trading Platforms discussions which have zero loss concepts.
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