Good list of books by wormboy on the other thread.

Traders' Book Club

Book Club — Oh, I didn't see that Jay Walker had created a thread in the Trading Discussion forum called "The Book Club." I guess great minds think alike. url There haven't been any replies in that thread for over a month so maybe ...

Traders' Book Club

I can see your point, but I don't think it's that far off from what Koppel was suggesting. The idea is that you prepare yourself beforehand for any outcome. The worst thing to do is hesitate when it's time to act--especially exiting a trade. Either ...

Traders' Book Club

Okay, one more book quote and I'm done from the evening. This one from The Intuitive Trader "If we would attempt to make specific statements about exactly what separates the best from the rest of the pack, I think you too would agree with the ...

Traders' Book Club

Another book I like is Ed Toppel's "Zen and the Markets." In it he said that "successful trading boils down to the following simple rules: 1. Never add to a loser. 2. Only add to a winner. 3. Let profits run. 4. Cut losses fast. 5. Don't pick tops ...

Traders' Book Club

For me, there are two keys to trading: direction and positioning. I use longer time frames for perspective and direction and shorter ones for entry/exit. I'm a short-term trader so I focus most on the more immediate moves. I also use other types of ...

Full Time traders only : Timeframe Poll

I agree. Just don't start out at $1600 a pip on an FOMC day.

0.01 pips

I'm referring to pip amounts to take into account slippage. For example, a 5 pip average trade (wins-losses) probably won't be sufficient especially on large account. And I retract from before when I said "You may notice slightly worse fills" ...

From Demo to Live

It could. What's your average profit/loss?

From Demo to Live

I can't speak directly about GCI because I haven't used them, but size in general has an effect on market order fills (perhaps not so much on limit orders) The larger the size the more slippage. You may notice slightly worse fills but in general if ...

From Demo to Live

MetaTrader (MT4) is a common platform used by traders at Forex Factory. And there are many automated systems or robots to be found here in the Trading Systems forum under the name of Expert Advisor (EA). One of the good things about the platform is ...

Robots

You received some good input, but let me also just add this: I noticed you are trading using Oanda graphs and quotes. That could be a problem right there. You mentioned price (or rather candle sticks) is lagging--well their quote and graph does lag ...

Are charts a little bit deceiving?

Maybe this should be a Sticky in the Rookie Discussion forum. — I was going to post "The 38 Steps to Becoming a Successful Trader" in the Rookie Discussion but found it was already in Forex Factory. This was something I read years ago when ...

38 Steps to being a Trader

Thanks for sharing. I'll take a look.

5 stars Indicators

I agree with the previous post. It is extremely useful to have access to multiple products and markets, something which IB provides. I am currently only trading forex, though have traded stocks and futures in the past. But I see a definite ...

Interactive Brokers - experiences and opinions

Excellent affirmation.

Strat's Long Term Stress Free Trading

This is along the lines of what I was trying to say in my original post.

Psychology and MM free zone...

Gotcha! Nice job all the same to 10x an account.

FXCM King of Micro Contest: $25,000 1st Prize!

I think you misunderstood what I was trying to say here. Never mind.

Psychology and MM free zone...