That post made my head hurt, and from somebody proclaiming the virtues of compounding interest. I'm going to lie down.

Do you guys find that forex trading sucks?

Compounding 20% every month doesn't give you a return of 240% a year, its more like 800% a year. And the rest of your math isn't even close, even when the right numbers are substituted for any number of your mistakes. In fact the only thing you did ...

Do you guys find that forex trading sucks?

Nobody can make money in forex? Not true, about 1% of traders make a lot of money out of it - and according to a recent poll here in forex factory, about 60% of respondents are in that 1%. You are right to be suspicious of anyone who claims to be a ...

Do you guys find that forex trading sucks?

I make consistent profits and I do share my system for free - not to be generous though, more to keep myself in check. Like a schoolteacher who really needs to know his shit, otherwise he will just look silly. I dont feel I am sarificing anything, ...

We Are The 1%

I think most people are initially attracted to forex for the illusion of big bucks - but once you realise that isn't going to happen, there needs to be something else keeping you in the game. For me, its the challenge of mastering something which is ...

Why do you Trade Forex?

You are kind of right in your thinking. Price either goes up or down and with no further information, if our R:R is 1:1, we will win 50% and lose 50% (minus spread) If our reward:risk is 10:1 theoretically we will lose ten times as often as we win, ...

Risk / Reward - new approach

You can find that here, click on "calendar" at the top of this page. Scroll down and on the left hand side of the page is listed the interest rates of each country. The calendar itself lists upcoming announcements on interest rates and forecasts. If ...

Is there an easy to read chart listing countries interest rates?

This is poor logic and a very dangerous way to think.

A system that works for a part time trader with minimum screen time

Nice thread, I think your methodology and overall philosophy of trading are both very, very similar to my own. My methods are explained in the thread "Long term breakout and trend following". I will be following this thread too, hopefully we can ...

PTT Method (Profitable Trend Trading) in Forex

The babypips.com school will take you through the basics of forex trading.

Trying to understand lots and buying on margin

Most currency transactions are done during London business hours, doesn't matter what pair you are looking at. If one is quiet, the others are quiet.

Evening trading ( GMT+1 ) 6PM-11PM options ?

Its very possible, assuming hundreds or thousands of people are doing the same thing trying to win the contest - one of them is bound to be right. I call it the nostradamus effect.

Dukascopy Trader of the Month 100% risk?

I think every unprofitable trader always feels that he/she has almost 'cracked it' - I remember having many, many 'eureka' moments while I was beginning and always thinking that I was turning the final corner to profitability. The most important ...

That feeling you get...

This. Someone mentions a peg so you want to short CHF?? What are your entry criteria? What is your trigger? In what kind of economic climate would you contemplate this trade, in what kind of climate would you ignore this news? What is your profit ...

CHF opportunity, or avoid?

I personally would never dream of trading against such a long, strong trend unless this is something you have predicted and already had a trade plan in place for. Taking reactionary, 'knee-jerk' trades to events like this is asking for trouble IMO.

CHF opportunity, or avoid?

I dont look at any charts lower than the daily I pay attention to news releases, especially those which may affect demand for particular currencies. I dont use any indicators or even PA. As you can see there are an infinite number of different ways ...

Is anyone trading in this market?

Sounds right to me. Whether or not you get a margin call has absolutely nothing to do with the size of your initial deposit.

Margin call at 50%

When nfp is positive and usd falls, everyone has a reason for it. But when it rallies on positive nfp, everyone says it is BECAUSE of a positive nfp. Forget about trying to read news as bullish or bearish, think only about how things affect demand ...

someone PLEASE explain this market to me

agree. If you put yourself in a position in which it is possible to lose xxx amount of money, you have no right to complain when it happens.

Video of someone losing $30k real money - You don't want this

To use Donchian Channels properly you should get that other crap off your chart and add a trend filter, eg a couple of moving averages. Donchian channels are based on the turtles method of trading - when price is at the highest level it has been in ...

Trading using Donchian Channels