Fear of loss....you cannot seriously make money in forex until you overcome the need to feel comfortable while trading. You make the most amount of money trading when you feel the least comfortable (at least I do). Being prudent and conservative ...

main obstacle for traders

I rely heavily on MA crossovers, but if you don't know how to use them properly....they will crush you....especially in a highly leveraged market like FX. If the application of MA crossovers were easy and straightforward, there is no way I could ...

Why exactly do EMA crossover systems not work?

Good topic. I believe that a high percentage of folks who start trading FX will start trading in the lower timeframes; especially if they have any experience trading the stock market. A lot of people who trade equities are probably more comfortable ...

Who is having the last laugh in the end?

Experience

Bird is the word - 1 word trading advice

Good post....excellent insight!

Let's be Honest

Trading is definitely an art. The human brain is much more complex than any computer that has ever been built. A computer can crunch numbers faster than any human can, but it has limited ability to interpret data. For instance, there are some types ...

Trading is an Art

I can look back on documented trades I took 3 years ago and I realize now that in many, many cases I was shorting into areas of major support and didn't have a clue at the time. Today, I use those areas of support/resistance to my advantage and get ...

No more BS - What have you learned?

I mentioned this before, and I don't know where, that the exit is the "sweet science" trading FX or any other investment vehicle for that matter. IMO, more skill is required in the exit than the entry. The reason I say this is because there are so ...

No more BS - What have you learned?

Can we please get back to the topic at hand? I hear what you're saying "Czech".....I didn't mean to offend you bud.

No more BS - What have you learned?

Everybody take a deep breath and try to think of clever things you have learned about money management for instance!!!

No more BS - What have you learned?

Try not to make anything personal.....just calm down!!! Get back on topic!

No more BS - What have you learned?

lol......you're kidding right? Please tell me you're kidding!!

No more BS - What have you learned?

OK..............back to the original question......... "No more BS - What have you learned?"

No more BS - What have you learned?

Well....then why are we calling them the "big boys" if they don't have any clear advantages? Basically, big institutions trade one way and retail traders trade another way. If they aren't sharing information and they have no advantage.....then they ...

No more BS - What have you learned?

Uhhhh....OK.....thanks!!!

No more BS - What have you learned?

Or in my case.....I learned by watching noone ..........just basic, fundamental reasoning. It takes a long time to learn that way.....but FX is so new as far as every day retail folks.....that you simply cannot find mentors or folks who share your ...

No more BS - What have you learned?

A lot of these firms have morning meetings where they discuss strategeis and all that sort of thing. Retails traders simply do not have that advantage.

No more BS - What have you learned?

I am talking about traders within an established trading firm. I don't think competing firms would share with each other....but surely members within any given firm share with one another.

No more BS - What have you learned?

The biggest advantage the big dogs have is shared information carried down from generation to generation.......trader to trader. Right now I am trading against firms who were trading this stuff when I was in elementary school in the 70s or whatever. ...

No more BS - What have you learned?

Uhhh.....OK!

No more BS - What have you learned?