tag:blogger.com,1999:blog-5375291312433129989.post5153657522467615211..comments2023-06-03T05:06:58.216-04:00Comments on The Lazy Trader: Back to Forex tradingHenrikhttp://www.blogger.com/profile/05792195649092816606noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-5375291312433129989.post-38989323055694601272015-01-11T10:16:58.898-05:002015-01-11T10:16:58.898-05:00Hey Makiavelic,
As far as I know the choice of a ...Hey Makiavelic,<br /><br />As far as I know the choice of a swap-free is not something up to the trader's will. It's due to religious concerns and most brokers do not offer it. If I'm wrong and you're able to provide more details I would truly appreciate it.<br /><br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-44814036943477178772015-01-10T17:41:38.540-05:002015-01-10T17:41:38.540-05:00Why not use a swap-free account if you are rolling...Why not use a swap-free account if you are rolling overnight, thats what i`m planning to do.<br /><br />Glad to hear 2015, was a good start for you also.Makiavelichttp://www.myfxbook.com/members/makiavelic/portofoliu/1109809noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-62319964614701620042014-12-24T07:57:22.273-05:002014-12-24T07:57:22.273-05:00There is nothing like a free lunch, my friend. The...There is nothing like a free lunch, my friend. The risk will always be there. Nice to see you chose the more intelligent way here. Besty for the future. David Bolinhttp://www.hybrid-solutions.com/noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-69701650883720607742014-12-19T11:30:02.693-05:002014-12-19T11:30:02.693-05:00I think every trader goes through that initial pha...I think every trader goes through that initial phase where he becomes really dangerous to his own wealth. I also think I have matured a lot over time and I'm glad for staying in the game. I think the number is around 90% of traders that totally quit in less than a year.<br /><br />Valid points on principles to be successful as a trader. I think you have made a great summary with 4 simple yet concise points.<br />Thanks<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-67497874030858711142014-12-19T11:26:27.930-05:002014-12-19T11:26:27.930-05:00Good question Thomas.
The interest rate does play ...Good question Thomas.<br />The interest rate does play a role and its definitely a drag to the overall returns in the long run. But it is mitigated by the fact that sometimes you go long , sometimes you go short. For example during the EURUSD sell off of July - September, the system went short EURUSD. Every day the account would get a small credit as the interest rate was positive for those short EURO long Dollar. Obviously this would be negative when going long EURUSD, in which case you would pay a small amount every day.<br /><br />In the long run it is a drag anyways because what you are given as credit from the broker is smaller than what you are debitted. But overall I think it won't have a drastic impact based on the rates charged/creditted by OANDA. The rates are public and look decently small to me.<br /><br />Cheers,<br />LTThe Lazy Traderhttps://www.blogger.com/profile/08598866019359750526noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-2784347172841413182014-12-19T11:15:16.463-05:002014-12-19T11:15:16.463-05:00Hi, I understand that your trading system may hold...Hi, I understand that your trading system may hold a position for many weeks: what about the interest rate when holding a forex position for a long time?Thomashttps://www.blogger.com/profile/11727267606100021683noreply@blogger.comtag:blogger.com,1999:blog-5375291312433129989.post-77018836107646381892014-12-18T19:44:46.948-05:002014-12-18T19:44:46.948-05:00Good luck with your new venture. I almost got invo...Good luck with your new venture. I almost got involved with forex trading a few years ago but I think I would have lost all my money due to my emotional immaturity at that time. In the last 4 or 5 years, I have learned a lot about trading and especially risk management. I am not saying that I am now a master trader as I still make mistakes, break my rules and get into trades that I should not. But I learn that there are 4 core principles to be a successful trader.<br /><br />1. You need to have an edge to succeed<br />2. You need to manage your risk<br />3. You need to keep it simple<br />4. You need to be consistent<br /><br />You can follow me on Twitter @lienjonathan where I tweet my high probability credit spread trades in real-time for free. Jonathanhttps://www.blogger.com/profile/14635010979050643513noreply@blogger.com