1. You have become obsessed with trading, probably because you believe that it is easy and the rewards are huge. The reality is that only a few people make money from trading. Hedge funds go broke every day, often they are multi -billion dollar ...

To be the best

There you have it. Forex is dominated by a relatively small number of large players. They determine the prices and accumulate or distribute large positions which takes time to complete. Therefore, since the big boys don't trade using the same ...

Do you think statistics work in trading?

On CFTC web site, click on "Chicago Mercantile Exchange" for forex futures info

Which Trading System Or Strategy Is The Most Profitable?

100% agree with needing to understand "what moves the markets" but also need to know "who moves the markets" and then follow them

Which Trading System Or Strategy Is The Most Profitable?

Here are my suggestions as to where to begin: 1. First understand the nature of the animal (market) you are dealing with. Fighting a fire-breathing dragon is not the same as hunting a fox. The forex market trades huge sums of money (in the trillions ...

Which Trading System Or Strategy Is The Most Profitable?

You will go broke trading divergences.

How far down do you think the Pound is going? -Daily Chart

I guess it is simply those that have been unprofitable - not blown accounts only.

What does 90% fail actually mean?

There is NO way to predict future market moves, no matter what time frame you choose. If there was any such timeframe and prediction method then whoever discovered it would by now have all the money in the world.

Need luck or skill for trading?

If you don't have billions of $ to play with and an army of PhDs and rocket scientists in your trading room on million $ bonuses to make profits , what kind of an edge can you really have?

Need luck or skill for trading?

Hi please take my following comments in the spirit of the debate and not any kind of personal criticism. "Just because people fail does not prove something is impossible" -------Agreed "Trading is no different to any business, there are risks and ...

Need luck or skill for trading?

Of the 10000 traders 95% will fail, that is NOT the Normal Distribution. I warmly congratulate the 5% that remain successful over the long term (5 years and more), especially those that can earn enough trading forex so as to not need a day job.

Need luck or skill for trading?

Good fortune (luck) is useful in everything we do so good luck in investing is very helpful. However, imo, investing requires that we find opportunities with good odds that will make profits over time (not on one spin of the roulette wheel). Finding ...

Need luck or skill for trading?

I cannot see how you construed my post to be favourable for any forex broker. Why am I exactly what brokers pray for? They would surely be praying for more victims? Sign up! Sign up! The new Klondike rush is here...trade forex! My post concluded ...

Need luck or skill for trading?

Whether you need luck or skill to profit from forex depends on whether you are gambling or investing. If you are gambling you need luck to win but if you are investing then you need skill to win. What is gambling? Acting in uncertain conditions does ...

Need luck or skill for trading?