Yeah, flexibility is the way to go. 1:3 is okay if you can get it work. It depends on one's method of trading. Professional advice on never taking trade without a r/r ratio 1:3 or more is a belief that could result in disaster if a trader keeps ...

Popular Trading Tips: Truths or Myths

Even though I spoke against using r/r like 1:3, there is mathematical logic in using 1:3. 1 win 2 losses = a win. This basic equation makes a trader less afraid of taking a loss. 'I took 2 losses, so what? If my next trade turns out to be a winner, ...

Popular Trading Tips: Truths or Myths

That's a possible way to trade. Personally I do have a general idea where I want to get out of the trades that I made though, just that I do not restrict it to fixed ratio like 1:3.

Popular Trading Tips: Truths or Myths

Yeah, use whatever ratio that works for you.

Popular Trading Tips: Truths or Myths

Did he show you his Profit and Loss statements? Has he been achieving the same level of return for many years? To get 300 to 500 percent return annually, you have to trade large position size (risk maybe like 10 to 50 percent or more of your account ...

What do you think about 300-500% annual profit?

Given the uncertainties of trading. It is also wise to think about what will you do if you lost that 5 million dollars (or a large percentage of that) that you make from trading. I do think it's unlikely most people will actually stop trading ...

so you got rich, what now?

How about calling people who set up new businesses gamblers as well since they risk their capital in the hope that they make profit out of their new businesses? New start up businesses have very high failure rates as well. Reality speaking, it is ...

Trader or Gambler?

I am very interested in incorporating order flow reading into my trading. Can anyone recommend me some reliable softwares for that? (preferably free)

Reading Order Flow

Why would a trader need to use martingale system if he or she has a good trading system/strategy that is earning him or her profits consistently? Using martingale here would decrease profits unnecessarily, because it starts off with small position ...

Does the martingale system really work?

"While there are many ways to invest your money in currency, most people play safe by either investing small amounts or spreading their money very thin across the various currencies they are invested in. This makes for a very small return but ...

In FOREX, is 10% return per month good enough?

600 standard lots? That's an incredibly huge position.

EURUSD

How the hell did they get the best broker awards? url

Instaforex, are they honest and reliable?

Need advice — Need some advice. I have a position on the Euro position from 1.3092. PT at about 1.3200. It is already at a minor resistance level now. Do you think I should exit the trade before the London session start?

EURUSD

Wow. Is it really that bad? I actually signed up with them yesterday. Haven't put in real money yet. I have been looking for a good secondary brokerage firm all these while.

Instaforex, are they honest and reliable?

Running 100+ pips loss? Hope your position on that one is really small. Are you actually gonna hold your trade over the weekend, if the Euro dollar doesn't make a big rally today?

EURUSD