Different approach: Trade small, no stops, manage winners, manage losers.

Different approaches to trading?

Suicide is the honorable way to stop

At What Point Do You Give Up On Forex

Good analogy. Trading is like driving; but with a mortality rate of 95% on those happy (forex) speed ways.

forex is like driving

Tell them Nick Leeson is your mentor and your hero.

How one becomes a bank trader?

What most newbies must go through when trading Forex. Actually, I find these stages are more accurate: 1) Numbness 2) Searching and yearning 3) Disorganization and despair then 4) suicide or Reorganization and recovery ==> as in "get a real job"

What most newbies must go through when trading Forex

Actually, it's not. however, increasing the account value is possible.

Why it is possible to predict price movement?

"Lose" not "loose"

Why do you Trade Forex?

I see. No, I can't say that I am now. But I used to really suck at it.

Why do you Trade Forex?

I am choosing to say yes, I love being the devil's advocate so much.

Why do you Trade Forex?

Yes, businesses have black swans too and they fail. A trading "business" is a lot less long term than a "normal" business.

Why do you Trade Forex?

It is not possible to predict price movements. It it were possible that person would own the universe. It is perhaps possible to predict price movements some of the time, under certain conditions and in doing so opening the door to the situation I ...

Why do you Trade Forex?

Great if this were true, but in trading it's not. In trading you never know if you have a good market or not (a trade is a bet)... and only after the fact. also, in business it's possible to manage known risks or even emerging risks. But trading is ...

Why do you Trade Forex?

Trading does not fit the definition of "business", but is very close to the definition of "Gambling". Analogy: Business: Put energy and dedication in baking a vanilla cake ==> you get a vanilla cake (quality varies), the outcome is (mostly) certain ...

Why do you Trade Forex?

trading is gambling: true.

What are similarities between trading and gambling?

Trading is so much NOT like a business. This idea is pushed so hard to give it some sort of legitimacy.

Why do you Trade Forex?