In my experience, taking a break helps a lot. And I'm talking 2-4 weeks, or until you truly feel refreshed and ready to go again.

How do you handle losing focus?

A commission is the cost of doing business, same as a spread. Major corporations may make 5 - 15% a year after paying expenses. It seems to work for them. Long-term traders will say they pay a smaller percentage to trade, while scalpers pay much ...

When does a commission become excessive?

In Germany they first came for the Communists, and I didn't speak up because I wasn't a Communist. Then they came for the Jews, and I didn't speak up because I wasn't a Jew. Then they came for the trade unionists, and I didn't speak up because I ...

What will US citizens do now with 50:1 leverage?

Eric, you need to approach people who you believe can help you. It's tough finding traders in real life though. Reach out to people on these forums that you think might have something to offer you. Keep in mind that they don't have to be superstars ...

Trading Mentors

I'm sure you would, but the fact is there are some things you aren't ready to process. For example, my first post in this thread actually answered the question you couldn't even formulate properly, yet you didn't realize it. Why? Because you have to ...

The concept of "trend" which I cannot grasp

There's two reasons why I won't. 1. It's not what you want to hear, even though I'm sure you think you're open-minded about this. 2. You're not ready to hear what I would tell you. I'm not trying to be cryptic or anything else (even though I do tend ...

The concept of "trend" which I cannot grasp

The most dangerous person in the world, besides someone with a chainsaw, is one who knows little, thinks he knows a lot, and can't keep his mouth shut.

The concept of "trend" which I cannot grasp

I'd be very happy if you're right. It will depend on just how important this is to certain people. I've never traded more than 20:1 leverage or hedged so the recent changes don't affect me. But I see it as a slippery slope and I fear the direction ...

no regulations stopping US residents from opening offshore accounts

People keep asking "how can the government stop everyone from opening accounts offshore". They don't have to stop any individual. They simply stop all brokers from accepting accounts from US citizens. They don't have to watch 300 million people, ...

no regulations stopping US residents from opening offshore accounts

Hey, I just looked at your profile and saw you're in Dubai. I'm in Al Ain and the guy I mentioned lives here, but spends a lot of time in Dubai doing training. I contacted a couple of outfits in Dubai last year about NLP training and they were ...

Should I throw in the towel after being in the negative for 10 years?

Cool find. I just added it to my Amazon cart. Thanks.

More Money Than God: Hedge Funds and the Making of a New Elite

This is why trading is so damn hard.

The concept of "trend" which I cannot grasp

1. When you post charts and ask for people to look at the price action, remove all the shit. As soon as I saw the picture I stopped looking. 2. Your naivete is glaringly obvious. You don't know what you're doing so you're trying to blame it on the ...

Problems with spikes on trading account

I'm not picking on you, just making an observation. The need for humans to explain things in hindsight is a tendency that is not really helpful in trading. If you do it long enough, it will infect your thinking in the now, because you'll start to ...

There are no secret patterns and there will never be one

I agree it's ridiculous that the government is involved to the level it is. But the reality is that Americans have pissed away their rights over the last decade. If you think you're going to get them back by going along as you all have, you're ...

no regulations stopping US residents from opening offshore accounts

I understand your point. However, using language as a simile doesn't work. The greatest linguist ever, along with other great ones, believe our brains are hard-wired for language. You can't say the same thing about trading, or just about any other ...

Should I throw in the towel after being in the negative for 10 years?

And yet it's amazing how many people will argue, in hindsight, that profiting off the BOJ intervention was possible. All you had to do was...xxx or yyy...and you would have made a bundle. The reality is that when shit like that happens, if you ...

The perfect trading system

No one knows if it's a reversal or retracement. Accept that and it will help you understand what needs to be done. As for entering at the top/bottom, well that's what most people do. It's hard to get into a running market and many people enter when ...

The concept of "trend" which I cannot grasp

And stop talking to your "friends" about trading. They don't know anymore than you and they're only going to fuck you up.

What's good about Meta-trader4?