Mr Brownstone — 80-87% is very good. You should be proud of that, that is no easy feat to pull off. I typically can get to around 80% at various times but over time I end up around 72-75%. I never lost as much money as you, but very close. ...

Newbie Question for the seasoned trader

yes, sounds very much like me when I started. You need patience. It's easier said than done, but you need to find a way to get it under control. Either you right or you are wrong, but if you don't give it enough time you will just be wrong. You ...

Newbie Question for the seasoned trader

A word of advice: Stop looking for something new and look for something that works while keeping in mind that nothing is perfect... they call this non-perfection: risk. Once you know your risk you should start to realize something.

Thinking Outside the Box!?!

The only reason I have this definition is because I struggled with the same thing(s) years ago. Everyone and anything in my ear about the "new thing" or "new flavor of the month." The unfortunate part (to me) is that not everyone can be a successful ...

Thinking Outside the Box!?!

The box — First you need to define what the box is to understand it. The box is everything you've been taught about trading from so called professionals. Who are these supposed pros? Analysts Forum boarders Brokers Gurus Book writers Gods gift ...

Thinking Outside the Box!?!

Correction: there are 2 SECRET PATTERNS. 1. One that loses. 2. One that wins. Both can be equally dangerous at various times.

There are no secret patterns and there will never be one

It can be done using a robot, but there are certain elements that require you know what you're doing and know when the robot needs your help. robots need maintenance because the markets change the robot has to change with them. So there is a need to ...

How to survive in forex? Help please!

well the ego thing was related to the hedging thread a while back as I warned you of the dangers of a big ego. But if you don't feel I had any impact on your ego then who am I to say that I did. I'm fine with admitting I was wrong. I think it was ...

How to survive in forex? Help please!

Well there's work arounds for anything but when you're talking signals based off a description of the current bar those signals repaint because a bar can repaint itself many times. It's true the open price doesn't change, but I think you'll find ...

How To Make Repaint Indicator To Not Repaint? Need Help!

You can't avoid repaint when the current bar can repaint itself. For example: GU is showing a breakout and the hour bar is showing a bullish break out. But at US open news breaks unexpectedly. By the end of that bar GU is showing a Bearish break ...

How To Make Repaint Indicator To Not Repaint? Need Help!

The problem is he's just a talking head. Most supposed pros all they do is talk and I think you would find this is where they make their primary income. The real traders are trading and not yapping about it. That's my personal opinion as I bought ...

Who has become rich trading forex?

Personally I don't think you can say the time was wasted for venturing down various paths. Most people have to learn by mistakes. We all make mistakes whether we want to admit it or not is another subject all together. I would be much further along ...

if you could start over

Wow! — If I accomplished anything in my ramblings it was to bring humility to forex and to try to shed light on other ways to accomplish things. If I wasn't reading this I would never believe it in a million years. But I won't say that I take ...

How to survive in forex? Help please!

I think you continue looking for gains. "Stay rich" needs growth just like any other category, but the object might change to charity rather than profit only. You know I've gone thru the "best system" a number of times and there comes a point that ...

Let's talk money management

The misconception of the double spread: If I place more trades I will take a hit on paying more spreads to the broker? Everyone in the "No-Hedge" camp always suggest such erroneous information because they IMHO look at the cost of doing business as ...

help me with hedging

Make a profit... yes otherwise why do it? Trading is just the opportunity to do so. So as we all know opportunities are here one minute gone the next. You're exposure is only the size of an opportunity and gets larger the more opportunities there ...

Let's talk money management

yeah I know, but the new one should be out in another month or so and no one posted 2010 Q4 to this thread so we can compare them.

US Forex brokers account profitability comparison

Q4 2010 FX Profit Report — image DATA LINK

US Forex brokers account profitability comparison

Jackm1, thanks for that. But realize you are in harms way siding with me. So be careful being too vocal. I've got a thick skin so the heat doesn't bother me at all. tick-tick-tick... waiting for opposition assault to begin. Charlie to ...

help me with hedging

There is a way to do it, but it is a top guarded secret. Most will tell you not to do it because if you don't know how you will face a margin call. Gain without risk is called a J-O-B. If you don't want risk go get one. This doesn't mean there ...

help me with hedging