Risk Warning
Forex Trading on margin carries a high level of risk, and may not be suitable for all traders. The high degree of leverage can work against you as well as for you. Before deciding to trade forex you should carefully consider your trading objectives, level of experience, and risk appetite. It is possible that you could lose some or all of your initial capital and therefore you should not trade money that you cannot afford to lose. You should be aware of all the risks associated with forex trading, and seek advice from an independent financial advisor if you have any doubts. Having said that, anyone with a sound mind can trade Forex but he must be aware of the risks involved as highlighted above.
Pips Conqueror, first impression
I'm back from my Advance Class by Forex Investology and the new software, Pips Conqueror by Sam Se looks to be the best yet so far. It has so much functions built into it that it will take some time to fully digest and put it to good use. You can just simply drag and drop to place your order (if the market conditions meet the criteria) but unless you do a correct trade set-up, you may not end up winning. So it is very easy to use but to use it well, it will take some effort. In any case, the Money Manager portion will do all the calculations for you, prevents the really silly trades and reduces over-trading. In fact I was reading the Pips Conqueror user manual to understand it better while sitting on my throne this morning when it suddenly occurred to me that there is a need to start a separate Blog on using the trading platform Metatrader 4 since many beginners will find some difficulties in using all its functions. Writing about it will also make me understand it better so watch this space for the launch. Sometimes great idea flows while other things are flowing. But for now it is practice, practice and more practice on the Pips Conqueror. Sorry for the digression but in my next post, I will be back to Forex Trading basics.Ronald Kwokhttp://cbpirate.com/s/cbp/ronaldkwok
Posts
How is it going now ? must be at least 7 months already
ReplyDeleteThe Pips Conqueror has gone through several revisions now. Still evolving, I would say. It is no holy grail and just a tool so you need to work for the proper setup. Also I have not been very active in trading, just on and off which is no good since you need to be persistent.
ReplyDeleteOne simple question. Did the course help you make money or is it stil yo-yo?
ReplyDeleteDid the class teach you technical analysis or just teach how to use the software? Thanks.
ReplyDeleteI'm attending the 1st class conducted in S'pore. It covers technical analyis and the MT4 EA software. Being new to forex, it is quite a comprehensive course.
ReplyDeleteAfter you attended the 1st class conducted in S'pore. How useful of the EA software? Is it help in your trading? Your comments please. Thanks.
ReplyDelete