Hi Cooder
Your'e not being rude but pointing out a good point about safe trading. It should only be attempted by experienced traders who understand the power of margin which is the reason why I don't talk about MEME trading here. It really does breaks all the normal rules about equity protection. When you buy a property, you visit a bank to take out a large loan ( margin ) of which you pay Interest ( commission and rollover ) with the expectation you will be able to sell the property in the future for a Capital gain. This is what I am doing, taking our a large Loan ( margin ) paying interest ( commission & rollover ) and adding more loans to the mortgage while waiting for the Capital gain to be realized. I just need enough margin in my account to hold off the wolfs which is normally 20K because its best to trade 5 pairs at once to be able to obtain those 2 or 3 great earners.
So I don't need to know where the bottom of a move is either because its not important. What is important is to not to be wrong by more than 300-400 pips. The only way this makes sense is to place a MEME - EA on a Demo account and see how it works. I use a basic MEME trade manager designed by a German trader.
This Smart Money Management System idea started in Singapore by a few traders 10 years ago I believe and is now being actively trader by a small group of traders around the world. I am one of those small group of traders who are mainly Asia, German and Aussie traders.
Now I won't talk on this subject again for awhile, lets just keep to normal Trend or Range Trading.
Margin is very - very - very useful and shouldn't be feared.
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