Made 710$ In One Hour

[Nomangee]

Wow never seen renko chart, looks cool!

It's like 100 times easier then trading with normal time based chart, pure PA!

They are different versions out, the normal renko, then also median (better) renko and shifted renko from what I have seen so far. Can't decide atm which is the best for me.

 

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[DeletedUser9]

A quick update i traded copper cash and locked in a profit of 550$ trading 50,000$ of the commodity

 

[Pacman385]

You can lose half you money in minutes if you are on the wrong side of the trade, I love forex but I have blown 3 accounts already. Depends on your personality if you are successful or not

This is completely false. Proper risk management will allow you to go through hundreds of trades while still maintaining a majority of your account, even if they are all losses.
For example, I never risk more than 1% of my total account balance so even after 10 losses (could take days using swing trading) you would still have 90% of your account left. Also, theoretically if you keep using 1% of your leftover every time, you technically never reach zero.
Forex is a game of odds, like a casino. You trade with an edge that wins you more money than you lose, plain and simple like being the owner of a casino.

 

[MJ DeMarco]

Thread moved to the Investing forum ...

 

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[MJ DeMarco]

I know in TMF MJ says the stock market will never result in exponential gains

I never said this as this is stated as an absolute -- the stock market, as it is pitched to the retail investor [401(k)s, mutual funds, etc.] most likely will never result in exponential gains.