Yes, because if the average retail trader makes 100$ on his 500$ account, he takes it out, then thinks "I'll never be rich like this", so he starts overtrading, and blows up the account. Instead he should use that 100$, rotate it back, and trade it ...

Here is how to grow rich with only a couple hundred dollars

I think this whole post can be summarized in - if you use proper money management you can be rich. The reason we say you need a minimum of 30, but more like 70 is that you need to live on this money. Even if you double your money with 30k, probably ...

Here is how to grow rich with only a couple hundred dollars

All topics are the same, risk management should be more important than the system you use, it's EVERYTHING - almost everyone that fails is because of this, almost everyone. I see this time, and time again. Getting out of a trade needs just as much ...

reasons why traders lose

Contact your account manager / support team. If they do give you any money back, make sure it's in the form of real money and not a bonus with terms and conditions. Be sure to have that in writing, or record the conversation.

SL of sell order hit but I do not understand why

No, not unless there is some secret program that the owners have implemented. Brokers don't need to hunt stops, there are much easier ways to rip you off.

Do you believe brokers hunt your stoploss

They doubt trading is realistic. Many reasons being that people lose their money in their first periods, they start scrounging money up, rely on signals, don't use money management. I'd go with that analysis of time. Even if they have a coach, they ...

How to make a living with trading?

I am just saying, it takes longer than people think it does, and it costs much more than people think it does.

How to make a living with trading?

I'm talking about the retail forex business - people I know.

How to make a living with trading?

Possible, very much so after a period. Most people would agree it takes years to learn to trade successfully by yourself, some people actually in the business don't believe in it. The statistics are very much against you. Once you have learned to ...

How to make a living with trading?

When traders start at 0, they all start with indicators, then they move to PA. It's like beginners BS, followed by intermediate BS, designed to make you lazy and not actually think about what's happening. I'm referring specifically to candlestick ...

Price Action: Opinion

"indicators as I think only retail is following them" - not all at, but technical is a small part of professional trading. Indicators are not a strategy all by themselves, they can certainly give you some information at a glance, though.

Price Action: Opinion

In what circumstance could PA candlesticks not be a single candle or pattern??? That's what I've always understood the PA taught to be anyway. Maybe you have advanced past that and can actually see the flow. Also, I didn't say it was a scam. It can ...

Price Action: Opinion

Think Robin Hood were doing that, but that may just be stocks? The rest is just a bigger spread.

How do you get out of your Hedge trade?

I read the first page or so, and please don't hedge the same freaking currency. A couple of replies expressed why that is just stupid, in fact it's all to do with why you will never be successful if you trade like that. It's a psychological crutch ...

How do you get out of your Hedge trade?

This. NFP can change the direction for the day. Brexit changed the direction since the vote was anounced, and a year later it is basically still controlling it. Trump going in I think actually went up initially, but the dollar has been losing since. ...

How "long" an impact does news have?

When it's going against the trend, the day...or there isn't a clear direction in the currency. Trading breakouts is fine, but there seems to be little point in trading a breakout reversal in terms of success rate.

When do you not trade a breakout?

it'll still move like before, guess they can just justify smoothing like the Japs did recently, a small intervention to slow the general trend.

USD/JPY Discussion

Yup, one more time.....short. Really dont think there's gonna be any intervention other than "smoothing".

USD/JPY Discussion

yup, no signs of a real reversal of any significant kind.

EURUSD