Interesting fantasy world you live in. Here's what happens in reality. Point A - You Buy 1 lot. Net +1 Point B - You Buy 1 lot. Net +2 Point C - You Buy 1 lot. Net +3 Point D - You Sell 3 lots. Net 0 Point E - You Buy 3 lots. Net +3 Point F - You ...

The reason why 95% of new traders consistantly lose money

Mysticgenie, It's clear your trades have a positive expectancy. There is understandably a lot of interest in your trading method. However, I am more interested in your position sizing, which is where the real lesson of this thread lies. I would be ...

How I Turned 1k To 100k In A Wk!!!

Your position is roughly equivalent to 15 lots long GBP/CHF + 5 lots long GBP/JPY. This would make you more money for the same risk simply by eliminating the hedged portion. The hedged portion is only making money for the broker.

Hedge: Friend or Foe?!?

1 is not hedging. If you are deliberately trying to cancel out the USD part of two pairs then it is a synthetic pair and it is normally cheaper to trade the cross directly. 2 is not hedging. If your net position is zero then you are out of the ...

Hedge: Friend or Foe?!?

You can't rely on a forum like this for tax advice. Some of what has been said here already is wrong. Please seek professional advice from a UK tax expert.

UK investors and their tax problem

I think those numbers are pretty low. I would double those numbers to allow for compounding and bad months. I would also add at least six months living expenses in the bank account to cover sickness, holiday, unforeseen expenses etc. So we're ...

Full time trading?