I think maybe that's often the cycle for new traders. Starting off with very little knowledge or understanding of trading but still making money with a simple strategy, it all seems amazingly easy and confidence is high. A few (inevitable) losses ...

Lost Souls Enter Here!

lol

The life of a trading system on Forex Factory

No it was a good point, 'make hay while the sun shines' as my grandma used to say!

The life of a trading system on Forex Factory

Losing value against what though, each other?

What happens when both currencies in a pair crash?

For the OP it seems like it may as well not be!

USD/CAD went wrong, tips on money mgmt

I don't either. It wasn't long ago when people were saying reducing leverage for retail traders was going to be the end of forex trading in the US!

The life of a trading system on Forex Factory

I've got a feeling you may as well be talking a different language altogether!

USD/CAD went wrong, tips on money mgmt

Right, so what are the implications of the Volcker Rule, segregation or restriction of proprietary trading (which in itself probably isn't such a bad idea), less volume, increased volatility? Costs may marginally increase but how else would it ...

The life of a trading system on Forex Factory

After a few wins and more losses admitting that I didn't really have a clue what I was doing and that maybe it was time to actually learn this shit.....or give up! A nagging wife and a diminishing bank balance were prime motivators!

What helped you the most to be profitable?

From memory the UK tried it a few years back and did a 180 when companies went offshore, offering all sorts of tax concessions to get them and their revenue back!

The life of a trading system on Forex Factory

There's always banks if you don't mind no leverage, 3c spreads, and 2-day settlement.....bit of a bitch for scalpers though! I can't see it being the end for retail forex, there's too much money in it for marketmakers. Tax I think will be the ...

The life of a trading system on Forex Factory

Plenty of other markets to trade, a chart's a chart!

The life of a trading system on Forex Factory

Can't say I agree that discretion amounts to the same thing as guessing! Discretion allows for flexibility, that can be a good thing can't it?

The life of a trading system on Forex Factory

Exactly, which is what makes me question all these mass education offerings. If the author/vendor has the experience he claims to have then he should already know that the majority of his following masses will be totally unsuitable and still lose ...

The life of a trading system on Forex Factory

For any strategy which includes an element of discretion you can analyse and produce statistics on historical data as much as you want but at the end of the day each trade has it's own unique set of circumstances. Sure, some people need statistical ...

USD/CAD went wrong, tips on money mgmt

Although, as I think you'll agree, it's not random (identifiable patterns do exist), seems to me the problem is we need to treat it as if it were because we can't be certain of the outcome of any particular trade. I agree to the extent that it's ...

USD/CAD went wrong, tips on money mgmt

The 'odds' are in having a plan, executing it with money and trade management and discipline and confidence. These are the only things we can be fully in control of. A strategy only gives us a directional bias to help us decide which way to trade ...

USD/CAD went wrong, tips on money mgmt

lol good one, is it going on sale at Kmart?

turn your 75% losses to 75% winners

They lose because in the majority they never bothered to learn how to trade and they think that finding a way to predict price direction will make them money, so they blindly follow strategies posted on forums like this one! Strategy really isn't ...

USD/CAD went wrong, tips on money mgmt

OMG you're right, it's their trading rule book!!!

Laws of the market and its participants