Does it really matter if it's MT4 or a proprietary program? Any program can be built to disguise deceit. MT4 has great strengths because it is so common place you don't have to learn a new set of software idiosyncracies. Just because MT4 can be ...

What is a 'large' position?

It comes down to trust. Any broker can say this or that. If they freeze your platform, requote you, "trade context is busy", "price is off-quotes", or "excuse of the month error" they are manipulating you plain and simple. OTC Forex market is not a ...

What is a 'large' position?

A dollar makes me holler — It's not driven by the OTC market [the one we particpate in.] In my feeble mind the movements consists primarily of banks moving money around. This might be for companies like Apple making payments to China for all ...

Just lovely discussion :)

Yeah most traders seem to jump from one indi to the next never fully realizing or understanding there is no perfect indi. Some of them as you say can be used as reference points for sure. I do that all the time. For me it's more about positioning. ...

Thinking Outside the Box!?!

How many licks does it take? — In order to be rich you have to do what the rich do. Most of them don't spend money foolishly and if they do the riches eventually flee from them. So if the objective is just to become rich, stop buying worthless ...

Who has become rich trading forex?

Month 1 — Yes, I know it's very easy to post a bunch of numbers that mean very little to nothing... but given this is in line with one of my strategies I post my first month results below. However, the time it took is just past 1 month by 4 ...

The perfect trading system

Comparision: Hedge vs: No-Hedge — I thought I would cast a few more shadows on this subject and take the side of the "NO-HEDGE" group for a moment. While there are differences among the stats that I am about to use as a comparison it all comes ...

"Hedging" Revisited

If I am small and stupid they are big and lethargic. With those examples where is my edge? I need to be smart and swift. Given that the enemy is big and lethargic, you take his weapons (eventually) and use them against him. As long as you don't fall ...

Article: Intense competition makes it "basically idiotic to trade"

I would avoid using 'balance' to define anything, because balance can mean more than one thing. I would rather define it as equity, because no matter what is going on with the account, equity is the most important figure. When you have a method that ...

$1000 to $1,000,000,000 in 4 years

yeah I doubt it would work as you describe because brokers typically don't let you place a stop that close to the market. The only way to have a stop that close would be invisible handled by an EA. But slippage would wind up being more than 2 pips. ...

I don't get how 10 pips a day can make you rich?

10 pips a day could easily make you very rich. The only problem is the losses always over-come the winners. I've studied and examined the 10 pip a day systems and could never make them work. The losses always kills any edge you might think you have. ...

I don't get how 10 pips a day can make you rich?

Compounding blue print — For extra safety I suggest starting with 1500 although it would be possible with 1000 as well, just a shade more risky at times. Starting out first month trading micro lots. 10 cent a pip. 1500 + 300 = 1800 1800 + 300 ...

The perfect trading system

compounding — I will post an example how little money can grow big pretty fast in no time at all and with minimal risk to you and your bottom line, provided of course that your system / method obtains nearly the same amount your risk settings ...

Trading Capital - How much is enough?

Provided of course that 100k is safe co-mingled with other broker funds? How do you spell safety boys and girls? R-E-F-C-O

Trading Capital - How much is enough?

It's an emotional game and they are leaving their emotions at the door. You have to trade "your" system. You trade someone elses and you are begging for trouble. No system is guaranteed to work 100%. More often than not the first time you put big ...

Trading Capital - How much is enough?

Not necessarily, a more likely reason is a false positive by your AV software. A false positive is more or less a suspicion that the said file is a trojan / virus or whatever. A virus is an executable file and a trojan resides within the executable ...

IBFX and Tr/crypt.xpack.gen

forget about a 10 pip stoploss, you will never be successful using such a small stop. 200, 300, 400 leverage is so you don't have to put so much money at risk. Suicide is putting in $5000 and later finding the broker is a crook or worse. You could ...

Politics of a US FX trader

There are secret patterns but you can't bank on being profitable with just 1 or 2 of them... because they don't always work out. In baseball when you shoot for the fence your batting percentage goes down because of strike out. what makes you think ...

There are no secret patterns and there will never be one

Not that this description will do any good... Your perception of the market and trading in general is comparable to watching regular 2D analog television. [ I don't mean this as a put down, but as what I perceive to be correct and why you are ...

"Hedging" Revisited