The very basic and important lessons to learn for rookies - they need to learn this fast.

Is Forex trading worth it? If so, why?

The answer is YES. But losing a lot of money does not mean you will figure out how to make money from trading eventually. Many don't, very few do. And making money already does not mean that you have figured out how to make money, it just mean that ...

Is Forex trading worth it? If so, why?

It takes about a decade in this industry to start learning how to trade.

Is Forex trading worth it? If so, why?

Additional question - Do you recommend to anyone to do the same ? Yes, if you are armed with the required competency(that is if you understand the competency requirements in the first place) and insanely mad enough to work that hard and you belief ...

Is Forex trading worth it? If so, why?

Why do I trade? To get rich. No pretense necessary. Is it to be rich? To gain the knowledge how to rake in $$$ much much more than what I earn from my job in the corporate world. Best description is to create a private cash$$$ atm for me and ...

Is Forex trading worth it? If so, why?

I am no different from you. Earlier on I was as dismissive to the idea of such hedge trades within a pair/instrument. Just that I explored a little what goes on in the minds of those traders who do adopt hedge trading to see if there is ...

Hedging is it really useful?

Nubcake n skfx, This purpose of this thread is to discuss if hedging is useful. Both of you think it has no use, you're telling everyone that, good for you. Stop there and no need to go personal with someone else who thinks contrary to your views. ...

Hedging is it really useful?

Athalon hedge his position at B because he knows the market will go to D eventually but at point B he feels that the market will not reach D in this attempt, there will be a retracement shortly from here. How deep this retracement he does not know ...

Hedging is it really useful?

Practitioners of hedging are fully aware of the additional cost, the math/logic is simple enough for most traders.The question remains why they choose to pay this additional cost ? Some posters above ^ have laid out some of the reasons which are ...

Hedging is it really useful?

By psychological reasoning, there are instances where certain methods may require hedging to aid their application with this additional cost deemed as application 'fees'. Practitioners of hedging can illustrate this added value to their method which ...

Hedging is it really useful?

Spot on Alpha, you lay it down clearly. Just two points to add, the leverage comes down as the capital goes up to reduce the exposure to risk of ruin. And the net profit pips per trade need to go up as the lot size increases to accomodate larger sl. ...

brain storming - everyone please join us :)

Is it possible to measure historical price reaction resulting from fundamental inputs and integrate this data inside the mechanical system?Is it possible to mechanically detect abnormally large size price movements like a potential volcanic eruption? ...

Twelve widely believed forex myths

We know our goal and the math tells us the rest. Therefore, the objective to acquire skills that enable us to meet our goal beckons. If 'institutional money' means banks, I cannot see why banks will want to undertake risk to make profits from a ...

Twelve widely believed forex myths

If usdcad rise and eurusd fall, it may mean overall usd strength, or both cad and eur individually weaken while usd remains unchanged, or both usd strengthens and cad and eur weaken at the same time. If usdcad rise and eurusd rise at the same time, ...

Would you trade related pairs differently?

If you want to know the height of the mountain, measure the height. If you want to know how high this mountain is relative to all the mountains then compare it's height with all the mountains. If you want to know how high this mountain is within a ...

Does buy low sell high apply to prices way back?

The semantics debate aside, it must become clear now that there is a great divide in expectations where on one side traders hold the opinion that it's possible that price movement/ behaviour can be analysed on a sensible and logical basis, and the ...

The Inner Game of Trading

If you trade with a few brokers at the same time and/or use a lot of indicators/ea, this may consume a lot of resources which slows down the platform to a crawl. So a high speed computer with larger ram, fast fibreoptic internet connection is ...

What qualities do you look for in a Trading Computer?

The 1st step is to know what we are looking for. That is a milestone breakthrough in our journey because once we know what we are looking for, is it oranges or cats or clouds or whatever then only can we start our 'journey' to discover or find this ...

Why 61.8%?

You're young and you have gained the experience to lose $6500 to this industry in this short time. Don't lose a dime more, turn around and walk away. Get yourself a college education, then a real job forget about making easy money from forex ...

New Guy, Seeking Valuable Advice

The mind game - psychology. IF you 'know' something is going to happen in the future, the psychological stress is much less. Eg. you 'know' eu will rise from current price 1.07 to 1.10, then putting on a long trade does not give you stress. The ...

The Inner Game of Trading