I worked at it for 4 years then made a breakthrough. After the breakthrough it took me 3 months to put it into place.

How many real accounts have you blown before consistently making money in FX?

In real life, most trading isn't done by what you see here on these forums. Most real life trading involves a physical product that facilitates business. For example, some of the largest trading companies in the world trade natural gas. And by ...

Maximum lot size question for all big players

FXCM has been great to me. I used them for a time and never had a problem. They post their financial information and are regulated by NFA, which I respect. Do they hunt stops and move the market? No. If you're every like "oh no, they're hunting my ...

FXCM Discussion

The big traders out there are typically found in two types of institutions: 1) Money management firms 2) Banks/trade groups I spoke with a hedge fund earlier this year about becoming a new trader and they said that they typically start their new ...

Where do the big players trade?

Long signal taken, looks like a temporary bottom to me here. Stop around 1.4100 time in trade probably 20 minutes or so.

EURUSD

Honestly, there are a lot of people out there who make a lot of money doing this. Earlier this year I was on a floor with about 80 traders and probably 60 of them use purely market depth, order flow, and NYSE open book. The other 20 were using ...

Trading without charts (tape-reading)

Simple filter: Near the BBand or above it. My friend trades this actively and makes good money doing it. He looks for price uncertainty at areas of extension/exhaustion.

Looking for a simple filter

If prices move, there is opportunity for profit. It really just depends. You'll probably grow tired of hearing this phrase. My strategy is trend following on a short time frame. My advice for someone who isn't sure what to do: 1) Read a book on the ...

Trend following or trend fading?

I looked into this for a while but decided to stick with backtested technicals. Here's some information I found which helped me. I've been on a few trade floors and from what I've seen, most professional proprietary day-traders do this type of ...

Trading without charts (tape-reading)

Use the default settings on the indicator in my option. Always, always, always use default unless there is a compelling reason to do otherwise. If you use default, chances are you're looking at what other traders with similar strategies are looking ...

Best Settings for RSI and MFI?

I've considered using options for risk management before, but here's why I don't: 1) You pay a premium for the option. I'd just scale back in the trade and take the premium cost out of the amount you're willing to lose to reduce risk. 2) Options are ...

Plain Vanilla options

I'd use average true range or standard deviation. Average true range is pretty good and standard deviation by definition is volatility. Average true range and standard deviation will pretty much give the same picture. Keep in mind that they're ...

Looking for Volatility indicator

Depends on the trade. When I algorithmically trade, I use a fixed quantity which scales up or down depending on outstanding gains/losses. For discretionary, I have an amount I'm willing to lose, and I wait for the trade to fall into a "zone" in ...

What kind of MM do you use?

Yeah I'd definitely be skeptical about that. However, there are some prop shops out there that will take a deposit and give you "leverage" by adding to your account. You typically have to be a licensed trader to do that though.

Trading Credit scheme

Sounds like finance homework to me...I remember that class Look over your notes, chances are the formula is clearly stated. You need to multiply it by their covariance probably.

Calculating return on stocks?

Why is a broker in business? To make money from commissions. The cheapest you could probably trade with is Interactive Brokers, but they required a $10,000 minimum balance. I'd go with MBTrading. I use them for spot FX. They also do stock, futures, ...

Broker w/ stocks & commodities/etc's CFDs with no min commission?

My broker requires $500 margin even though the posted is something around what you see there. Basically for the amount posted, you can hold one contract.

daytrade emini S&P Leverage question

Long EURUSD, lost 10 pips. Looks pretty range bound here. Those candles a few hours back are really overshadowing the market right now.

EURUSD

Look it up on the Federal Reserve's website. This stuff is out there, but you won't find much before the Securities and Exchange Act of 1934. I found this on the New York Federal Reserve bank's website a few months back...can't locate it now, but ...

historical economic data - where to get it all?

Frankly, there's nothing wrong with day-dreaming and whatnot as long as it doesn't affect your system. But it isn't profitable for you at this stage of the game. The win percentage depends on the type of trade. Roughly speaking: Trend following - ...

noob/noob-like question about ROI in forex