You can't. It is a crappy system. Spread is like the 0 on the roulette table. Red and black pays 1 to 1, but you can't play them forever, because when the 0 comes, you lose anyway. But if you wanted to prove, that the spread is causing most people ...

[challenge] Show me a way to make profit with 50-53% WR!

I'm trading with Pepperstone for almost 2 years now I think. I got the email on Friday morning, I created a new UK account in the afternoon. There were problems on the Edge 10 server yesterday and Friday, but seems okay now. They were excellent so ...

Pepperstone U.K. back in business

The trend is your best friend in the markets. One of the greatest edge for a retail trader. Yet almost nobody can trade a trend. At least I can't remember an occasion on this forum, when I saw somebody being able to trade with the trend properly. ...

The trend is not your friend...

I forgot that I also have VSA books, I added them to the drive I shared previously.

vsa with Malcolm

Here is a little gift for the thread. I'm not trading VSA for more than a year now and getting rid of stuff from my Drive, but in my opinion this is valuable for VSA traders, so I'm sharing it first for a time before deleting. Make sure to download, ...

vsa with Malcolm

I often say, that money management won't turn a losing strategy into a winner. In other words, if you don't have an edge, no matter how you vary your SL and TP method, you won't make money on the long run. That being said, it is much better to ...

Missing profit because I was disciplined near TP

The reason why MAs fail after a time is because the market stops trending. And if somebody just takes signals like a machine, he'll lose more during the ranging period, than what he makes during trending. Same with the tools for ranging environment. ...

Volatility = enemy or a friend?

Because the strategy I found has about 100 years of documented proof, that it works. It worked in the early 1900s, worked throughout the XX. century, and works today. Based on its logic, probably it will work in the future, unless the law of supply ...

Why do most traders think that they will become profitable?

I've learnt that this forum is basically a miniature version of society. Or more like society is a giant version of this forum. - Very few people want to put in the work, the majority is looking for shortcuts. - Most people will try to take ...

(binned per thread starter’s request) What have you learnt since

My answers are in italics. Greetings to all fellow traders, First of all, i know all the disadvantages about martingale trading style and lots sizing and averaging tactics. And I am fully aware of the consequences of doing so in bad times like going ...

Is the martingale way the only way in Forex?

For me the first goal is to pay back the cost of learning to myself. When I started out I found a strategy in which I saw potential to have an edge. I have savings from earlier ventures, so I decided I'll concentrate solely on trading. This was ...

What are your future financial goals?

If you have problem finding motivation for trading, you are likely in the wrong business, and you only try to do this for money. Before I started trading I tried doing online poker. I gave it up after 3 months, it wasn't for me and it felt like a ...

Do you find it hard to stay motivated?

I'm using the coin toss example as showing, that as you said each trade is unique, just as each toin coss is unique. There is no influence of past trades/coin tosses on the recent trade/toss. Your chance in coin toss is 50%. Your chance in trading ...

Discretionary Trading - Take Your Trading To The Next Level

Easy. What 90% is doing, just doesn't work. Also if they would do the opposite, that wouldn't work either. In my opinion it is even higher than 90%, more like 99%. What is taught by teachers, by books, by this forum, the heavy majority of these just ...

Discretionary Trading - Take Your Trading To The Next Level

If a trader has an edge, why would he deviate from that? If a trader doesn't have an edge, no matter how he varies his strategy, he won't make money on the long run. Your way of reasoning is called the gambler's fallacy: url Varying your strategy ...

Discretionary Trading - Take Your Trading To The Next Level

If you don't trade around 10-20-30 lots at least or sometimes even more, profitably, you are definitely a B book client. All retail brokers will take the other side of the retail trader's trades, because the average retail trader can't trade. Don't ...

Are you a B book client

Wait, so the broker itself opened trades on the account? I've never heard about such thing, it is definitely very suspicious. Scammy broker probably. There is not much to do, unless maybe your friend is able to prove somehow, that he wasn't the one ...

Rationale for placing offsetting trades?

Do you ask from the standpoint of an employee or a trader? It is very different in Hungary. If you are a trader, you pay 15% of your profits, and you pay social insurance, which is around 25$ per month. If you are an employee, you pay about 42% of ...

Tax overview for Forex Traders

I wonder how many successful traders woke up today, turned on the computer, opened Forexfactory, saw this question and thought: "What can I do to earn the trust and confidence of genghistar? How could I prove myself to him and to others, that I'm ...

(binned per thread starter's request) Sign of a profitable tradin

The market is always looking for liquidity (a cluster of orders), that is the only way for smart money to enter or exit the market. Lots of people are lazy and they put their orders at round numbers, because it is fast and easy to type in. So there ...

Why there are psychological levels on numbers like 1.3?