It is above 90 percent. The esma broker reports are flawed and probably done that way as a compromise to brokers and their businesses. After all you don't want to be advertising that over 90 percent fail. The reports are generated as a snapshot in ...

90% of traders lose money! True or False?

Banks make money in fx in 4 ways 1) they execute orders for clients earning the spread (automated). They also execute orders manually for clients which is largely companies seeking the value of a currency on the day. This leads to the second way ...

Trading Forex is Hard

Out of curiosity I had a watch of the big banks vid and what a load of crap. He doesnt know how news flow is traded hence he said avoid it and his definition of banks hunting retail traders, is when I just switched off. I don't know how good he is ...

Trading Forex is Hard

Your story is not dissimilar to many out there. I often state technicals are smoke and mirrors dangling just enough carrot (hindsight and coincidence) to keep people entrenched in the trance of trying to find consistency. When i tell traders i make ...

This is why 95% of retail traders lose!!!

hanging about there too long, out +14

Trading news and sentiment with technical analysis

key to its success lies in this level breaking

Trading news and sentiment with technical analysis

Round 2 here we come. Finally $ sentiment softening across the board (absolutely no fundamental reason for it to uphold its strength given the resent data prints and the FED). This must be general optimism around trade talks but reality will soon ...

Trading news and sentiment with technical analysis

closed the trade for a small loss, will come back to this later when this $ sentiment fades - the $ short coming soon should be epic.

Trading news and sentiment with technical analysis

Last laugh is on you, i assure you.

Why in the world would any trading setup work?

USD sentiment train keeps rolling but at the same time the level keeps being rejected. I am wondering how much more this sentiment train will last given the weak US data that's been trickling through with a neutral FED backdrop.

Trading news and sentiment with technical analysis

All assumption, no maths to it unless you have tangible data that shows this to be true which doesn't exist because a 20 year veteran could open a new account and be classed as a new trader based on account age. There is more evidence leading to my ...

Why in the world would any trading setup work?

I didn't mention a single thing about new traders, that is your assumption. It is pretty clear that ESMA reports is not representing the magnitude of failure as it is merely a snapshot of who is up and down at the time of the report. Traders can be ...

Why in the world would any trading setup work?

technicals = smoke and mirrors on it's own. The evidence for this, ESMA broker reports on client stats shows most traders fail and based on the sheer amount of pure technical strategies being used and discussed on forums like this, it is clear that ...

Why in the world would any trading setup work?

morning traders Trade on for the morning looking for USD to weaken given there is no sentiment driving it into NFP and also while the market waits for news on China\US trade talks. Norges and the Fed are currently diverging with Norges raising rates ...

Trading news and sentiment with technical analysis

One is pure fundamental trading (no technical analysis) and the other is with technicals.

Trading news and sentiment

Just a note that i won't be active today or tomorrow ( business )

Trading news and sentiment with technical analysis

Just a note that i won't be active today or tomorrow ( business )

Trading news and sentiment

Seems to be lots of support for customs union clauses in tonight's vote.

Trading news and sentiment

Took 26 pips. Waiting for this $ sentiment to turn.

Trading news and sentiment with technical analysis

Long cable (same setup)

Trading news and sentiment with technical analysis