1-3% keeps the losses at a level allowing for 55% lose rate and not that many trades for years, you can keep adding $200 per month and handing it over to them pretty much. I trade 5 - 8% generally of my accounts value, but I like to keep money ...

Is trading really that hard?

Nahhhh Myth, if your running a 50TP and a 50SL even, it comes down to random chance a lot of the time, how many trades do you take which go straight to your TP, it might get you 30pips nearer your TP which ofcourse is your edge, when you go out to ...

Is trading really that hard?

It sounds easy, bigger the SL and TP the nearer it'll become to a 50/50 game, either profiting or losing, your input into the trade is just less, so to get to +5 winning trades your going to likely have to take 100trades per month. It's never ever ...

Is trading really that hard?

USA changing there time a week or 2after everyone else is a pain, ruins all my timing. Take all of your 25k out, okay but 2k area, trade off that for the time being to learn with that and keep the rest in reserve. You will blow your first account ...

95% traders go broke, only 5% survive

Not an issue, if your trading 3% of your account is 200pips, 3% is 20pips then a 80pip extra SL hurts ofcourse, 15% gone ( or more at times in my case ) Realistally, it's a 50/50 game, where you'd make more playing over big news on average, but in ...

Is trading really that hard?

Trade over NFP without realising it, with all the orders going mad, FXCM delayed getting me out for a few seconds and literally a 100pip loss, only opened the trade 30seconds ish before aswell, account vapourised in sub 60seconds, good times. Only ...

Is trading really that hard?

Big news is bad, especially if it gaps 100pips instantly cause your SL will likely fill at the worst price, a SL of 20 gets slapped for 100. I never hold over big news, intentionally, obviously it happens frequently, and never ever in my favour ...

Is trading really that hard?

You'll always find 1 of your lines / indicators worked for every move, but ofcourse unless you know which 1 is going to work ahead of time, it's kinda useless, but looks great in back test, which fools them to believe they can use it live. 2SMA with ...

Again! Specifically, what is price action?

Both really, trading is hard, hard to trust an entry even when you've got a method, you end up not taking it, incase it's 1 of the losers, bla bla bla. I'm also lazy, so although I've been going for years literally and do lots of after hours ...

Is trading really that hard?

To be fair, that's how I live my entire life!! It is better to die trying and not married, than it is to live forever married.

After years in trading, do you still believe in get-rich-fast BS?

YES I still believe and in Silicon Heaven ( where would all the calculators go! ) but not that crappy human heaven, made up to stop us all going mad!! So yes, BUT it might take years to get there and there is no point looking for a vaguely ...

After years in trading, do you still believe in get-rich-fast BS?

You'll never meet ALL of your requirement, trying that hard to not lose will = never placing a trade in the first place.

Again! Specifically, what is price action?

Different people will say different things, most think it's reading totally useless candle stick patterns, there sadly wrong. My take, is it's the raw tick data, although you can view this live on any TF, it's how the price moves, down slowly for ...

Again! Specifically, what is price action?

Yes I agree, but stick to paying them by the hour, any other way, they will try to ruin your life / fun.

so you got rich, what now?

5 mil, buy a nice house in the uk, 1 say north spain/south france, ,1 maybe new zealand, out fit all 3 pretty much the same, big tv's, tablets, computers, mountain bikes, climbing kit, cars or 2 at each place, the fly between the 3 as i see fit, ...

so you got rich, what now?

Quick Recon!!! GBPAUD, downtrend called nicely, news stalls at the 500, 1 hour at the 660 area, before more news catapults north, useable. CADJPY, early uptrend called, not worth much, break down was on the mark, top was within range, errrrrr mad ...

95% traders go broke, only 5% survive

7 years is a lot of time and effort, factor in some stupid events and it quickly becomes never. Find a license to print money or nothing, new method still in development, live trials soon is looking so good I might just of cracked it If work ever ...

95% traders go broke, only 5% survive

Had a basic simple method, which was giving me that per month, but couldn't solve how to live to 2000years old for my account to grow to be big enough, basically not worth my time, keep going till I find a method which gives me 100% per month ...

95% traders go broke, only 5% survive

Pretty sure someone from the banks will be over and give you 10mil on the promise of no more trading lol my 1 mate actually thinks this, why havent you got a ferrari, then preachs if the banks cant make more than 6% neither can I lol. sadly it will ...

95% traders go broke, only 5% survive

But Money Management is also BS, basically your talking about risking very little of your account per trade to with stand repeated losses. What you need based on a 50/50 system is your average profit to be well in in excess of your average loss. And ...

Technical Analysis Fallacy