Scott, I totally agree that most folks learn just the basics of Fibs then are surprised to learn that they're no better than anything else. DiNapoli's approach is the most comprehensive I've seen. My best friend took a seminar with him in Bangkok a ...

Are Fibonacci levels overrated?

Another way of saying it is, The most comfortable thing is rarely the correct thing to do.

What is difficult almost always proves itself to be right

Trust me, I'm not being a jerk here, but you could be the 5 year old. Some of the others here will know what I mean (see one of Jacko's earlier quotes).

Jacko's Forex House of Pleasure and Pain

Why don't you make one with Excel? The formulas are easily found with Google. And with making your own in Excel you can have multiple sheets for currencies and time frames. It's actually much easier than using some program which requires constant ...

Offline Pivot Calculator?

Whenever you open a trade, your entire account is at risk. Sure, 99.99999% of the time you'll get out where you want to get out, but the reality is you can lose it all. Also, in your example, what is at risk is not the margin, but your money that's ...

higher leverage = safer?

In the first example, the broker has reserved 1k of your 5k as margin. This means you can lose 4k. Once your loss hits 4k, the trade is shut down and your margin is released. You'll have 1k in your account because you lost the 4k. In the second ...

higher leverage = safer?

I would like to hear a single argument, based on some fact, as to why retail traders with Oanda are different from retail traders with other brokers.

Trading against the majority

Peter, I took the MTI course a few years back. I bought the entire course, but didn't attend the classes in Florida. My best friend did attend the class though. I was able to negotiate a price of $2,200 for the entire course back then while my ...

education

Rofl...just because you're paranoid it doesn't mean they're not out to get you.

If 95% of traders fail.....

You're asking a fundamental question about the human race here. Why doesn't Detroit build cars as well as the Japanese? Why do so many people do their jobs half-assed? Why do some people lie when it's really not necessary? Why do some brokers ...

If 95% of traders fail.....

I'll make this one post and then that's it, I don't want to clutter up Jacko's thread. Joe DiNapoli has probably done the best work in Fibs from what I've seen over the years. Bear in mind that 50% is not a fib, but everyone watches it, so everyone ...

Jacko's Forex House of Pleasure and Pain

I turned down a position at the JFK school, does that count?

Success Stories--Those without Harvard Education, Aweso Mentors, or Genius Intellect.

One can find in-depth discussions of Oanda's 5th digit and how it really works on the Oanda forums.

Weird Plobrem.. be careful

Seekinglight, Which MT platform/feed are you using? Thanks. Btw, your mailbox is full.

Jacko's Forex House of Pleasure and Pain

Consistent traders still make mistakes and lose money. Consistency is how you react once you realize your mistake. So, not ALL entries and exits are the same, but enough of them are to make money in the long run. Consistency is very important when ...

Problem with Risk:Reward

Here's one approach you can try. Let's say you have 10k to trade with. Open an account for $2,500. Run it up to a certain percentage, let's say 50%. But make sure you have a minimum number of trades, let's say 30 (this is in case you get lucky on 1 ...

Profitable consistency.

Gee, I'm not sure about quitting school. Bill Gates quit his studies, at Harvard of all places. Just think how rich he would be if he had not quit school.

How to be a trader for a company?

Try the Fed's website. They've got detailed info in Excel sheets you can download for free.

What's the market percentage of the top 8-12 most liquid currency pairs?

It depends on the day. If it's an even number day, I invest a shitload per thousand dollars. If it's an odd day, I invest a fxxxload per thousand. Happy?

The simplest question about MM

The law of small numbers!

Forex Profit... Im sorry but... (10% per month?)