Nikkon
  • Knoxville, TN
  • United States
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Nikkon commented on Ron Schelling's blog post How safe is a US broker ?
"Just the same as any other broker, doesn't matter location, some good, some bad. For my own investing I have several accounts with TradeStation. Do your research on the companies, not the location."
Nov 25, 2011
Barrington commented on Nikkon's blog post My (Non-Scalpers) Rules for Trading Forex - Maybe it can help somebody
"Thanks to you both, Nikkon & Peter jcp.  Ultimately both of you follow a discipline which is probably the reason for success, scalp, swing, or long term trend."
Jul 17, 2011
Nikkon commented on Nikkon's blog post My (Non-Scalpers) Rules for Trading Forex - Maybe it can help somebody
"Woo, thanks for the replies. Never said there was any best way to trade as this is "MY" trading plan and some of the rules I personally use. Each person has to find what works best with them and how they want to trade, this just works for…"
Jul 17, 2011
Nikkon's blog post was featured

My (Non-Scalpers) Rules for Trading Forex - Maybe it can help somebody

* Should be able to lose 19 of 20 trades and still come out positive overall    How many pips are in an average trade?    How many pips can we risk and achieve a positive 1/20 outcome? Note to readers: Please note that these are for example and to illustrate a point, even though they do work for multiple-lot traders also.        ----------------------------    Move: 300 pips    300 x .5 = $150 dollars (for .05 micro lots)    300/20 = can risk 15 dollars per trade (30 pips)(more realistic)   …See More
Jul 16, 2011
Nikkon posted a blog post

My (Non-Scalpers) Rules for Trading Forex - Maybe it can help somebody

* Should be able to lose 19 of 20 trades and still come out positive overall    How many pips are in an average trade?    How many pips can we risk and achieve a positive 1/20 outcome? Note to readers: Please note that these are for example and to illustrate a point, even though they do work for multiple-lot traders also.        ----------------------------    Move: 300 pips    300 x .5 = $150 dollars (for .05 micro lots)    300/20 = can risk 15 dollars per trade (30 pips)(more realistic)   …See More
Jul 15, 2011

Nikkon's Blog

My (Non-Scalpers) Rules for Trading Forex - Maybe it can help somebody

Posted on July 15, 2011 at 2:22pm 2 Comments

* Should be able to lose 19 of 20 trades and still come out positive overall



    How many pips are in an average trade?

    How many pips can we risk and achieve a positive 1/20 outcome?

 

Note to readers: Please note that these are for example and to illustrate a point, even though they do work for multiple-lot traders also.   

    ----------------------------

    Move: 300 pips

    300 x .5 = $150 dollars (for .05 micro lots)

    300/20 = can…

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