I guess it depends to a certain extent on your level of investment. I think the minimum spreadbet is 50p per pip, some companies I think it's even £1. The advantages are obviously tax exemption on you winnings (unless it's your sole source of income ...

Difference between Spreadbetting and Forex

You seem clued up on this stuff, do you know if someone in the UK can take the series 3, the reason I ask is that although I'm based in UK and exempt from FSA regulation (long story!) I was told by a US company that they'll 'put me through the ...

Attracting Investor Capital

image I'm interested in what you mentioned about bank/institutional analysts/traders using pivots. I know they pay attention to certain MA levels (ie 50, 100, and 200 day, Golden Cross etc) but I didn't realize they look at pivots as well, do you ...

Attracting Investor Capital

I haven't read the whole thread so apologies if it's been mentioned before.... Don't bother trying to attract investors, they're a pain in the butt! Small-time (sub-100k) investors are probably the worst, they moan about a losing trade and are prone ...

Attracting Investor Capital

It's ok, we offer attractive credit terms, operators are standing by to take you call! (Well actually they're not, they're all (me) going to bed in a minute, lol!) A lot of people don't like Soros, and as far as trading goes we're worlds apart, but ...

KISS

Thanks for that Leon! If it's ok I would sooner PM you rather than discuss even vague specifics, they're not really for general consumption, I hope that doesn't sound too mysterious! I'm not selling anything so don't be anticipating a sales pitch, ...

KISS

He made a lot of money though, and then gave it all back if I remember, now he's selling books and DVD's was the last I heard. How about that cab driver, he was scalping for a few pips here and there, he seemed to be doing ok.

KISS

I couldn't agree more, unfortunately most trading forums are infested with snakeoil vendors and even more unfortunately the naive and gullible lap it up because they simply don't know any better! -

KISS

Nah, we're all eccentric millionaires or unemployed layabouts, we're only trading for entertainment!

KISS

You're not talking about Timmmay Sykes the fan-kicker are you Mark?

KISS

It's not a case of wouldn't I use them, I do use them, they provide a directional bias and a reason to enter a trade but that's about all they do, like I said I don't consider them effective or reliable enough because we're not in control of price. ...

KISS

If you type 'good book' in the FF search function it will bring up over 1,000 matches, or click the links under these posts where it says 'Similar Threads'. When you say you're looking for a good book about forex, do you mean trading forex, about ...

Good book about Forex?

lol, now if we could just come up with a time machine or a brôker who will execute on yesterday's prices..... The F12 tip Bytebodger mentioned is really useful (sounds like Forex Tester 2 is similar), great after a few losses, scroll back and make ...

How to overcome "Hindsight Bias"?

So basically your system only works on historical charts and can't be put to practical use in a live market environment, is that what you're saying? Not being funny but more or less every strategy works with the benefit of hindsight, especially ...

How to overcome "Hindsight Bias"?

Sorry, I don't get what your problem is then.

How to overcome "Hindsight Bias"?

Why? Scared of losing money and therefore second guessing yourself? Or are you just one of those 'glass half empty' pessimists?

How to overcome "Hindsight Bias"?

Forgetting about inefficiencies for a minute, don't you think it's possible to effectively and efficiently use money management to exploit a trade where price is moving in a favourable direction, and conversely use risk management when it isn't? So ...

KISS

That's one of the pitfalls of a discretionary system, looking at a chart in hindsight it's difficult to be totally honest with oneself, it's nice to believe we would have made the right discretionary decision but then we're biased. Have you ...

How to overcome "Hindsight Bias"?

Looking at a chart with hindsight is always easier than trying to predict the next part of the chart so I guess it depends on how you devised and developed your system/strategy. Does your strategy actually work without hindsight, in a live market? ...

How to overcome "Hindsight Bias"?

Are you saying that's a problem which can be resolved with a deeper understanding of the market and it's participants/players, or are you saying to try would be a futile exercise as it's impossible to ever know?

KISS