Another forex myth is that the larger time frames require larger stop losses. This is not an absolute, it's quite possible to enter using smaller stops. One of the biggest problems I see on these forums is that so many just blindly accept things as ...

The Newbie System (a faster way to success)

It's amazing how many listen to the voices in their heads instead of what people say to them.

anyone here make 20 pips a day...

Years ago I had the same rule. I've learned that I needed to differentiate between a normal losing streak and my screwing up. If the losing streak is normal, then you have to keep trading. You can decrease risk though and that will help with the ...

Me or the market?

If you have a long order for 10,000 then sell 5,000.

OANDA Discussion

It's not an either/or situation as it's been described here so far. Let's say you have a 5k account and another 10k to add. Simply add 1k next week, trade for 2 weeks and see how it goes. If it goes well, then add another 20% of your account size, ...

At what point would you increase your stake size?

Dumping Greece, and maybe a few others, now would hurt like hell, but it is cutting a bad trade short before it becomes catastrophic.

What Will Happen to Forex Trading if the Euro Falls?

See Philip Tetlock's work which focuses precisely on these people in the business of prediction.

Euro Has $1.94 in Its Sights. Futility of predictions

Happens to me a lot. First, keep Java updated. Second, clear the cache on a regular basis. What I do when it disappears, is the following: I have a shortcut on the desktop to the Java console. Go to Control Panel, find Java, right click and create a ...

OANDA Discussion

What's the difference?

Picking Tops & Bottoms With Support & Resistance?

Redlion, in your first post you wrote of stopping predicting the market through TA. You then wrote in your next post that the fundamentals are what is important and you follow them closely in order to predict what the market will do. You also said ...

My take on trading

"This sucks!"

My take on trading

I never implied there was. It's part of a method and approach to trading.

Discuss failure Trades

Here's something to think about. Don't sell above the open and don't buy below it.

Discuss failure Trades

The patterns occur because humans are able to devise and recognize patterns.

Why do chart patterns happen?

"In the upcoming version, analytical tools will be included in the Mobile Terminal to provide even more opportunities to traders." Am I to understand that at the moment only charts are displayed? When will the "upcoming version" be released?

MetaTrader 5 for iPhone with Charts Already Available

If you believe the above then you're playing a mind game with yourself. If you can trade well and consistently enough to make enough to be comfortable (and by that I assume it means for most people the ability to meet all your needs, and not just ...

I don't want to get rich

That's Think or Swim?

Alert services?

I think there was a problem in my wording. I'm not looking for SIGNALS. I want a service that simply ALERTS me via email to mobile when a currency hits a certain price, just as AlertFx used to do. If I have orders in and I'm not near a pc I need to ...

Alert services?

Because when you trade other people's money they just about all lie to you. When you ask them what is their loss limit, they might say it's 25%. Yet when you hit a 15% drawdown or less, they'll bail on you like a rat fleeing a sinking ship. If you ...

Why do hedge funds have such poor returns compared to successful retail traders?