LoRio my friend, I too have absolutely no idea on what he/she/it is on about either
I tried sitting on my hands, gnashed my teeth, took icy cold shower...all to prevent myself from closing out those opened running "carry trades" which went into very decent profits....I managed twice not to close any positions...then the market levels went back up and all positions became negative again.... but when market dropped once more and all my positions again show very decent profits, I simply couldn't control myself any longer and closed out all positions.....the situation was very much like restraining myself from a very beautiful and sexy woman alone in the room with me
Anywhere, now there is absolutely no open positions and
account size has jumped to AUD1,076.44 which is a 115.29% increase over deposit of AUD500
Come to think of it, if I have closed out all positions twice before when all positions went into decent profits and then reopened these trades positions again, I would have increased the account size almost three forth ending last Friday.
So that leaves the question whether this "
carry trades" strategy can still be considered "pure/virgin" any more????
I had intended to demonstrate to my "adoring fans" following my trading style on how stress free and not-so-difficult it is to make money from simply placing some trades for daily positive swaps and then leave the positions to run for at least a year.
BUT, as I have already mentioned many times, though "
carry trades"
WILL make good money, it is a very, very boring trading strategy and is most suited for those looking for long term returns (which will be way3 better than any bank in the world) on their investment.
1st screenshot show total profits from that AUD500
2nd screenshot show "pending orders" waiting to be triggered.
3rd screenshot show trading account summary from my broker ICMarkets
Remember I am
NOT a teacher.... most certainly
DO NOT profess to be a teacher/analyst/expert/guru/shaman/soothsayer/witch/fortune teller/bomoh/swami/magician/astrologer/etc like some are doing here..... so do not ask me too many complicated questions cause I will simply ignore them to cover my own ignorance
I am a practical trader, like the Russian bringing a cheap pencil for writing in space while the Americans spent millions developing a pen that can be used for writing in space.
And
I DO NOT WANT nor ASK anyone to send me money for this absolutely
FREE demonstration on how to make money from "
carry trades", even though I have to take precious time away from my very busy work schedules. If you make money from my ideas, great, more power to you...and keep your money
Just try to piece together and make sense on what I am doing right or wrong and, hopefully, you will develop your own trading style which suits you best and, most importantly, makes you consistent good money from trading the forex market
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I would like to add that I absolutely do not understand why some "expert analyst" would take 2% or whatever % losses on any trades when the main focus is to make money from the forex market. In "carry trades" you still make money from daily positive swaps even though the trade position is negative profit. But when market reverse, you will realize accumulative daily positive swaps plus profits which will increase account size substantially.
To me, some of these "experts analyst" are teaching more of a hit-and-miss trading strategy akin to "gambling"
