Another trader on this board had "difficulty" on NFP with FXCM. Below is my exact post in his thread. While your issue is only slightly different the same principle is in play. If you can find anywhere FXCM has guaranteed that they will fill you in ...

Can I request a compensation?

I'm really glad you brought this up. That is a huge pet peeve of mine. I'm convinced that most of the people that do this, do it so they can brag about their awesome pip count. Someday I'll start a thread titled "Pip counts don't mean $%&*!" and ...

The Best Way To Choose Exits

You are assuming an awful lot here. You know a move is coming? You know there is a certain probability of a move based on your backtesting. Why can't you know that a certain percentage of those moves go x number of pips?

The Best Way To Choose Exits

I will agree with you that many new traders (hell, maybe old traders too) pull targets and stop loss numbers right out of their ass. However, fixed S/L and Targets can be tested and statistics can be generated for them just like any other exit ...

The Best Way To Choose Exits

Hey there TRO, I see that you have made this statement...oh once or twice now. Would you kindly explain why you do not face any of the above issues because you trade with efxgroup. I'm sure you have more detail to share that would benefit everyone. ...

Market Makers & ECN’s, Is the grass greener?

I do think this is a cute illustration of a breakeven floor level. It can be a powerful componet of any trading system. But the idea that risk is eliminated completely is erroneous. First r:r is typically used to decribed risk to reward of the ...

Correct Money-Management using Price-Action (huhh??)

The sagest bit of wisdom this forum has ever seen. All hail Phil McGrew!

i got ripped off during the NFP

yes

capital requirments

Race Car — I love the race car analogy. (Phil already knows that though). The other part of the analogy is this: Giving a successful system/method to someone who doesn't understand risk/money management is like giving a 16 year old a ...

backtesting, The past...

.

Are there any full-time traders that are living off the FOREX profits?

I was thinking "acceptable".

capital requirments

I would but all the lines and colors give me a headache.

GBPUSD

Yes, it is about perception. You said that he shouldn't try to act smarter than you. You implied that he was being impolite by trying to "one up you" or that he simply isn't capable of being smarter than you. I'm not completely sure which and ...

GBPUSD

WTF? Way to get your panties in a knot over something somebody said on the internet.

GBPUSD

It's worth noting that he is not +$500 he is actually -$4500.

I don't get it, it is just not right

I don't complain about my broker but the rep who takes care of my account is a really hot chick. As for being surprised..... I've found myself in a similar state of disbelief at times but I'm then reminded that this is simply the way of the ...

Broker Complaints …Get over it!

Funny little irony between your post and your signature. In one breath you say that successful traders are born and then in the next you say it takes nothing but perseverance. Which is it? Or is perseverance a magical superpower as opposed to a ...

Coulda, shoulda, woulda..... a losing game.

This statement is absolutely correct. I've attached a chart that some might find useful. It is based on a 50 trade sequence with win % on the right and consecutive losses across the top. This brings up another issue that hasn't been discussed yet. ...

Money Management vs. % of Success in Trading Systems

I see Loki beat me to the punch. I probably should have said fixed percentage. I think it is a more commonly used term. PeterFM posted the adaptrade link already so I won't do that again. That is great resource. Michael's software is very good as ...

Money Management vs. % of Success in Trading Systems

I'm not at all surprised by your results. They are very similar to what I've found as I've tested various systems and what my results have been during my trading career. The next step, imho, is to look at various position sizing models. Moving from ...

Money Management vs. % of Success in Trading Systems