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Re: Trading Challenge

Postby makiechan78 on 23 Nov 2008

hi everyone,

i just follow the trend, and wait for a good opportunity during a high volatility, i m pretty sure that you always get a reward when you catch the trend in a good timming, also i share advice with people on the chat, COOL AND NICE PEOPLE!! :)
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Re: Trading Challenge

Postby Norfelt on 23 Nov 2008

Hello
I chose to sell the eur / JPY because of it was 120.23 and downward, and was continuing to fall, I think I chose it at the right time, would normally be increased and I would have lost instead.

Norfelt
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Re: Trading Challenge

Postby rokrska on 23 Nov 2008

Hi everybody,
Started relatively well with conservative approach, lower leverage smaller trades and was slowly adding up in profit. Pairs i like is eur/usd, gbp/usd and antipodeans. Later on got very excited and overconfident and forgot about one "must" and that is tight SL in my mostly scalping type of a trading. That costed me pile of money.
One must stick to the plan, otherwise failures sooner or later are inevitable. I find with myself that overtrading and overleveraging kills me quickly. An overtrading or overleveraging ususally means that it is gambling and we cannot approach the trading platform as a slot machine.
Good luck (or rather solid decisions) to everyone.
rokr
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Re: Trading Challenge

Postby hsvchris on 23 Nov 2008

I seem to do best when I only trade one pair. Last week I stayed with AUD/USD
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Re: Trading Challenge

Postby KEN7882 on 24 Nov 2008

I just simply try out the profit $1 and get $25 challenge!
Last week i just made 3 trades and make a small profit $3.50, and then i was being congrat that i also won that challenge!
Wow! Nothing is more simple than etoro challenge!
I wish this type of challenge may stil go on occassionaly. Thanks etoro!
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Re: Trading Challenge

Postby Patrick on 24 Nov 2008

Hi eToro,

The biggest profit I got last week was on the USD/CAD pair. Upon Canada releasing its Wholesale Sales and Corporate profits data, this pair went up 200+ pips which is strange as the data released was strong on CAD side. When the next day, USD?CAD stalled and came back down 100 pips, I went in and short. Got 30 pips on that trade.

The other trades I win are all EUR/USD or USD/JPY as these 2 pairs has the lowest spread in eToro. Mostly are winning trades. Total pips won last week is 150.
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Re: Trading Challenge

Postby tienchoon on 24 Nov 2008

Hi,
I usually trade eur/usd which has low spread with low leverage of x50 or x100.
using low leverage can stay in the trade longer and wait for profit time, I normally only set the take profit and use the default stoploss, and wait for the system to close the trade as i'm not alway infront of my PC, but this is not applicable during market highly volatile time, as you might loss all the fund.
last week I just try out to profit $3 and try to get $25 bonus!
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Re: Trading Challenge

Postby sarknoor62 on 24 Nov 2008

Hi etoro,
traded eur/usd and usd/jpy pairs
closed after a few pip gains ... scalping ???
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Re: Trading Challenge

Postby jolene316 on 24 Nov 2008

Always trade cautiously and trade within ur comfort zone. In this way u r relaxed and u will likely to make mney. Thanks for the 25 usd bonus etoro.
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Re: Trading Challenge

Postby Evokation on 24 Nov 2008

Hi Etoro and @ All,

truly i didnt had bought a position if etoro wouldnt had done that trading challenge with 25$ Bonus...so i was thinking; lets do a trade! i bought GBP/USD with 250$ at x400. i think it was more scalping because i hold that position only for 20 or 30seconds...high risk i think, but it worked for me with 210$ profit because of the volitality last friday...the spread-changes are also dangerous at GBP/USD in the last time...but no risk, no profit i guess...;-) so i left the last week with 210$ profit and also the 25$ from etoro. i just saw that i have to comment what i did last week for it...so i do. its a good idea from etoro to do a trading challenge like that...thanks etoro!

have a great week @ all and never forget to read the news if you scalp or not!

greetz
Johnny
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Re: Trading Challenge

Postby Yzy1977 on 24 Nov 2008

I had a better week than the previous week. This is only my 3rd week trading real money so I am definitely a newbie to forex. I have been reading books for about 9 months but I have not actually started with a platform until a few months ago. I tried about 1/2 dozen platforms and decided to go with eToro. Overall I am pleased with the platform but most of all I am impressed with the other traders and their insite and expertize. I appreciate the tips and advise we receive from the experienced traders.

Since I live in Canada I usually trade Canada/USD as I am familiar with activities in both countries.

I am really focusing on learning the technical side of forex and I am ready and willing to learn more all of the time. Forex is only a hobby right now but I plan to make it at least at 20-30 hour work week in the next 6 months. My favorite currencies are Can/US, GBP/US, EURO/USD, and AUD/USD.

Cheers

Brent / YZY1977
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Re: Trading Challenge

Postby rklee1 on 24 Nov 2008

Wow the wonders of technicaly analysis! I finished last week with a %35 profit in real trading and can now claim EToro's bonus. I shorted the EUR/USD based on 5 EMA crossing below 10 EMA, with confirmation from RSI and Stochastics. This would not have been possible had I not practiced my skills in EToro demo trading.

I think the unlimited demo trading of EToro is a great idea. It allows me to constantly improve my skills in technical analysis in preparation for doing better in real trading challenges.
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Re: Trading Challenge

Postby Yoshikun on 24 Nov 2008

Hello,

I think that it is difficult to know when we should take a profit.
$1 profit is better than losing money.
So, setting a stop loss rate, which sets a profit rate, is important to win the FX.
Then we should compromise the trade and take a break for maintaining our emortion.

Regards,

Yoshikun
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Re: Trading Challenge

Postby hiwa3541 on 24 Nov 2008

Hi eberybody

last week i did succesufel trading i choosed EURD/USD i used the features take profit in 25 us dollar and stop losse in 200 with the leverage 1:50 ad the trade was open almost 1 hours till i get my profit
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Re: Trading Challenge

Postby pjane77 on 24 Nov 2008

Hello everyone,

I am new here and have no experience in Forex trading. I usually trade eur/usd which has low spread with low leverage of x100. Taking advantage of low leverage can stay in the trade longer and wait for profit time Last week I just try out to profit $3 and try to get $25 bonus!

Good Luck!
Pjane77
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