That's about the best bit of advice I've read in quite a while! Maybe everyone starting out in this business needs to seriously consider what the success rate is for (retail forex) traders. Apparently 90 out of 100 people lose all the money they put ...

Brand New, not even beginner!

Huh? No seriously, what?

What a great market...

Your favorite edge TD....luck Seriously though, everything may feel like it's volatile but if you look at a chart we're pretty much in a range on most of the majors, it's hard to lose money long or short! Wide stops, average in and scale out, ...

What a great market...

Thanks for the offer but 15% wouldn't interest me, I average that a month! If it's scalable you might get a fund interested, they're struggling to produce double digits lately so I've heard! Going back to the strategy, I'm not sure I've explained it ...

Buy/Sell Stop MM Strategy?

I agree, I didn't really think it was a viable strategy, adapted it might have potential but then we're back to price/market analysis to determine a range etc Talking of programmers, I wouldn't mind getting a look inside one of those black boxes ...

Buy/Sell Stop MM Strategy?

Not far enough out of the box Bear in mind I'm just a daytrading speculator not a mathematician, there will probably be an infinite number of far more viable combinations for the following example but I'm not smart enough to work one out! The ...

Buy/Sell Stop MM Strategy?

I'm usually a short-term trader (scalping even!) but when the markets are as volatile as they have been I think traders have to adapt.

Buy/Sell Stop MM Strategy?

Absolutely! I'll have a think about the exact strategy and see what I can come up with, but I don't want to see it on eBay next week for $99.99, lol Talking of eBay I've got to go bid on a couple of monitors, 2 of mine quit working in the same ...

Can you actually live off Forex trading?

There must be a million different ways to do it, I'm not a mathematician, the point being it is feasible to trade profitably, consistently, no time limits, with a strategy which doesn't use technical or fundamental analysis. Whether it would be ...

Buy/Sell Stop MM Strategy?

Hmmm, lots of theory and it all looks very impressive, but unfortunately none of it actually applies to not having to accurately determine direction or time entries and exits to be profitable. Outside the box David, s-t-r-e-t-c-h your ...

Buy/Sell Stop MM Strategy?

(First of all I'm not using such a strategy as the returns aren't comparable, I'm just proving a point.) 100% returns while a currency and trading of it exist, and of course the broker you're using stays solvent......20 years.....200 ...

Can you actually live off Forex trading?

In a strategy which doesn't use technicals or fundamentals the edge is money management, and for a strategy which never takes a loss (100% wins) there are no losses to control! Do you agree that a 100% win rate is achievable?

Can you actually live off Forex trading?

(Unnecessarily sarcastic comment by anyway....) I said it was possible to profit from such a strategy, not that it was the most efficient use of equity or that it produced comparable returns to more conventional trading strategies, obviously it ...

Can you actually live off Forex trading?

I guess it depends on what you call 'normal' and how much money they need to live! The average blue-collar Joe probably earns around 3 or 4k per month net. At these levels the average return for a reasonably experienced trader with an average risk ...

Can you actually live off Forex trading?

OMG, it's hard to know where to start with that post, more or less everything you said is wrong!

Can you actually live off Forex trading?

Great to see other people think outside the box as well!

Can you actually live off Forex trading?

Hi David, think outside the box for a minute..... Let's say I'm net long in a falling market but I'm scaling into trades with a money management and position sizing system which allows for some extreme price moves against me, while at the same time ...

Buy/Sell Stop MM Strategy?

Eur/Usd was 1.4654 when you made that analysis, now at 1.3860, 8 cents drop, excellent call! I don't see the naysayers making any better calls than that! You can tell when the natives are getting restless, they start ridiculing what they can't ...

Planetary Cycles Trading (EUR/USD)

Quite probably, seeing as how the majority of forex traders don't seem to know what trading is

Admit it - your profits are based on luck

lol, correct, born and raised within the sound of Bow Bells

Admit it - your profits are based on luck