When 95% or whatever statistic of so called "traders" are failing, don't listen or follow what these traders do. Instead, learn to use their failures to your benefit.

What is your hardest-learned lesson in FX?

Dope. Would love to hear more about your style. Fundamental? Techincal? Etc etc.

10% Profit Per Month

A combination of fundamental and technical analysis along with other factors usually leads to the best trading strategies for retail traders. In the end, it's all about order flow. I'm interested in what you have to say.

Nikola's Trading Lab

Where are you guys getting these feeds?

Analyzing Dow, Dax, FTSE, etc

You are missing a whole lot. Most importantly, your risk management seems way off. As a general rule, stick to 1:1 risk/reward ratio or better. Preferably 1:2+ on higher time frames, but if you have a high probability win rate with a 1:1 risk/reward ...

where do I have to put my stop loss

I might be mistaken, but if you're using MT4 you might not be able to make arrows do that sort of highlighting. It actually looks more like they used the rectangle tool to draw the box and have it set to show behind the chart. I'm not really sure ...

How do you change arrows to highlight bars like shown?

Yes I have one and it is as simple as ever. no one knows about it, but you seem very dedicated to becoming a successful trader so I'll share it with you. Add a MACD indicator on your chart and on Sunday, place a buy order if the MACD bars are ...

Forex Strategy for USD/CHF

Nice article. As important as money is to the world, it isn't everything and money can't buy happiness. Now if he truly stopped caring about wealth and donated majority of the wealth he accumulated to live a normal middle class income life, I'd be ...

Interesting Yahoo article about a Wall Street trader

My biggest advice to you is lose the indicators. They are worthless when it comes to predicting price unless in a trending environment. I know some people who just use them as confirmation rather than trade ideas, but to be honest I don't really see ...

Getting back into trading

Ooo you post some very pretty looking charts. How profitable those indicators actually turn out to be though, well that's another story for you to figure out.

Trading with Bollinger Band and Moving Average indicator

Glad to hear you got it figured out. Oanda is one of the best brokers a small retail trader can use.

Oanda "Order triggered but could not be completed..."

Do whatever is working. If it ain't broke, well you know.. No automated system can beat a trader with working knowledge of the market, how to exploit it, and an edge. I know traders who barely have losing months, and probably lose 10-20% while their ...

Manual Trading vs Automatic Trading - Suggestions?

On the contrary, big players like banks managing millions or more trade without setting a stop loss. They only use a "mental" stop loss and will look to get out in the best way possible if their trades don't work out. They have a good feel for the ...

Real Fx traders do not use stoploss

I'm glad many of us have gotten in on such a beautiful trade. As long as nothing changes I am hoping to see this one go up to at least 108 sometime in 2014, maybe higher. It's a great long-term macro trade. Finally this big event is over and ...

USD/JPY Discussion

Welcome back and hope you the best!

Will I become a trader?

You are correct, no one can know with 100% accuracy where price will go for sure. That is why we must keep up with changing market conditions. Cut your losers and ride your winners until conditions change. Don't just target a set price, not long ...

USD/JPY Discussion

Hard to say about tapering. Majority of economists still believe there won't be a taper. Granted job numbers were great, but you have to remember inflation. On the other hand, US numbers are getting better. Many leading banks predict a great 2014 ...

USD/JPY Discussion

Very good point. A big mistake retail traders make is tight stops. Unless you know what you are doing, don't set stops that are too tight. Give your trade room to breathe, because there are market players out there gunning for stops.

USD/JPY Discussion

There are large stops reported in the 101.50 area. However, given the sentiment it may take something like the FOMC not tapering and longs covering to get us down there. It's hard to tell at this point so I'm staying out.

USD/JPY Discussion

Oh this news item can definitely impact the trend it's not just some fundamental report, but rather could be a turning point in Fed fiscal policy although I'm slightly biased that it won't. but good luck to you.

Zappa's Journal