By trading naked, you basically read the price. Google "price action" to see how to read price patterns. IMHO, this is how every newbie should start. It take a little bit of time to get familiar but satisfaction is guaranteed once you are able to do ...

Finally Naked

You have good points there. But don't you think the retail traders who trade profitably from home, without any first hand information nor corporate advantage, without scalping techniques and without knowing market depths, are more skillful than ...

MarketMakers

That sounds like Interbank FX ?

Low spread and high leverage broker needed

Why do you need a S'pore broker ? USA brokers not good enough ?

Singapore Broker?

I used to use candlesticks before I find the normal patterns like head and shoulder is more visible to me than any c-s.

Finally Naked

Such a great idea. Someone pls organize this lol ...

Challenge - Oanda contest

LOL I can't imagine anyone sitting in front of pc trading with a thong. That's gonna scare the market.

Finally Naked

LOL .. i only use trendline and LRC in metatrader ... does that counts as naked ?

Finally Naked

If you ask me, it depends. Imagine trading like a chess game. You can play like Kasparov, or you can play like Deep Blue supercomputer 1) Kasparov - experience, instinct more like an art 2) Deep Blue - calculation, calculations, probability, optimal ...

How important is a knowledge of maths?

anyone watching the 1 H Tunnel? Seems like an imminent upside breakout. Let's see some action (hopefully). GBP/USD

Vegas Wealth Builder - Part I

LOL avoid taxes ...

What are we called?

agree with DarkStar — DarkStar summed up the issue best. There are systems that work better/worse when shared. No wonder the hedge funds are so secretive about their techniques, perhaps they have some edge. In my opinion, a real trader's edge ...

Sharing hurt your method?

Ah, LTCM. I heard but I forgot to read the book about it. Thanks for comments. That's an eye-opener. Even geniuses can fail.

Anyone using high leverage successfully?

Great posts everyone. I wish I have a real-life mentor in this business.

Living Off Fx

You don't have to compete against anyone in this business. THe opportunity is there for everyone. In fact those big people move the market for you so you can reap the profits. Don't forget to thank them !! .. LOL

making a living

Am I missing something about "true leverage" ? — Did someone mentioned true leverage shouldnt exceed 1:10 ? I've a slightly different opinion on this. Consider this situation. The account is 100k. Leverage is 1:100. Risk per trade is ...

Anyone using high leverage successfully?

That's so true james ... .. Whenever I see the "pins" in daily chart ... most of the time I can see the standard patterns like triple top, triple bottom, double top etc etc when you switch the chart to 15 mins on the same day. Is this a coincidence ...

james16 Chart Thread

You are right. Just to add, stock and bond holders also have the power over the companies. They can vote out directors and bondholder can get the court to order the company to pay the coupon. But a large amount of investors are playing the stocks ...

Where does the money come from?

Chill everyone ... LOL

The Daily charts are KEY

You have said what I wanted to say. Another "aha.." was when I discover that big stop-loss that got hit once a while can save a lot of money than small stop-loss.

What Was Your "Ahaa!" Moment