This is true. You will get stopped out much more frequently on short time frames and incur draw down to a much larger degree, which makes it very stressful. On the positive end, your profit potential is higher because your asset turnover is much ...

Is Forex stressful?

This is also true. If your strategy has a 90% win rate for example, risking a near 1 or 2 percent of your account per trade makes no sense, since you are extremely unlikely to draw down to a point of needing that many chances. In fact, you are doing ...

How much drawdown can you tolerate?

This makes sense. Some traders use 1% of the original balance on every trade and some recalculate the 1% after each loss or win. I recalculate. I think it makes your capital draw-down a bit more slowly that way as well as compound it a lot faster ...

How much drawdown can you tolerate?

This is very true. For me, I have always preferred to stomach the volatility and risk losing a small winner in order to aim for the home run. I typically, just trail my stop up as the trade goes a long and let the market take me out. However, I have ...

How much drawdown can you tolerate?

I totally agree with this. Here's how I see it. A market maker broker or institutional trader is just like any other trader. They are trying to minimize risk while maximizing profit. In the case of a broker that is a market maker, I don't believe ...

Do you believe brokers hunt your stoploss

I think a lot of them trade with such a low amount of margin compared to day traders that if one position goes a lot against them it as a minimal impact on their overall portfolio. They usually will have many positions on at once, whereas, I for ...

Is Forex stressful?

This is not always the case. You can also use education as an example. If your professor has no real industry experience, does that mean he cannot teach his class?

Moral dilema

What I'm saying quite simply is the train are the institutional traders. If your trade is not on the side that theirs is you will most likely be stopped out for a loss when they move the market.

Statistical proof of the 90% rule

I actually agree with this. It is much easier to tell others what they should be doing than to actually be able to execute it yourself. The coach is examples is great. Perfect analogy.

Moral dilema

It's absolutely stressful. Trading is a stressful job nature. It becomes less stressful over time as you get better at it, but I don't think it is ever stress free. Also it depends on your trading style too. A day trader is likely to be far more ...

Is Forex stressful?

This is true. As a retail trader, you are either aboard the train or you are standing on the tracks.

Statistical proof of the 90% rule

This basically ^^^. In other words, 1. pros make money off of rookies. There will always be rookies. Most will continue to be rookies until they become pros or drop out and be replaced by more rookies. The simple fact is, not everyone has the ...

Is there enough money to be made for every retail trader?

This assumption has a flaw as well. Some traders also do not scale in or out, but instead keep their whole position on for every trade and are still profitable.

(binned per thread starter's request) Sign of a profitable tradin

That's always a hard question. Most traders keep a low profile and are as elusive as a unicorn, so besides Soros, I couldn't name any FX traders famous enough for anyone to know unfortunately.

Name just ONE successful forex trader...

Yes, I am. That is easier than it sounds though. Often times it is easier to identify them after the fact rather than before. Bigger trend moves start during ranging markets.

How much drawdown can you tolerate?

I wholeheartedly agree with this statement. There was a statement I read in a trading book one time that siad, give 10 traders a successful trading strategy and you would have 10 different track records. You have to not only have the discipline to ...

Putting a Gun to your Head - 1 Piece of Trading Advice

No, Medici is correct. Institutional players are too large. To generate the returns they require they have to move large amounts of capital and they are the ones who move the market when they get in and out. Retail traders are too small to move the ...

Putting a Gun to your Head - 1 Piece of Trading Advice

Whoa thanks for the heads up on that one! I'll pass too.

Which US based forex broker to go with?

Nice progress so far. Good luck to you. Hope to see you back here soon.

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