Most people go to college to get a job. Some go to get an education. You can always get a job in life. You can't always be educated when you want. Sure, a few are self-educated, but they're so few and far between, that they stick out and we like to ...

Graduates vs non-grads in trading

I don't know if anyone else offers it up in the same format as Oanda. However, I can't think of any logical reason why it isn't representative of all retail broker's clients. I've been watching it for quite some time. The key is to watch for ...

FXTrade Open Positions

It's fine and dandy to reduce size once you start losing. However, what will make you money is increasing size when you win. As you gain profits, risk more and more. Once you hit a predetermined amount of losers, you scale back. Another thing to ...

Dynamic risk allocation

NPR did a piece on Paul Tudor Jones called "Trader". I've never been able to track it down, but I was told by someone who worked with him that it's a good watch. If you do find it, could you please pass it on to me?

Forex movies

Electronic enemA. It basically makes your money flow smoother and faster.

Is MetaTrader worth the trouble?

4 hr and daily, mainly the former.

What is the main time chart you trade with?

Great idea. Why are you only trying for 12k? I'd shoot in at least 50%. Let us know how it works.

NFP straddle......What's wrong with this idea?

My first thought upon reading that passage was, the more things change, the more they remain the same.

From Reminiscences of a Stock Operator

Merlin touched on an extremely important point that seems to be grossly neglected. I see over and over again losses referred to as "bad" trades. You can spout all you want about words, semantics, etc, but let me tell you, your choice of words reveal ...

most common reasons for wins or losses

I believe you're asking the question, why don't banks allow retail brokers like us to trade with them instead of us having to use the brokers? If so, then the answer is simple. The retail side of FX is very small. So small, the banks don't need to ...

Why aren't Big Banks jumping in on forex?

I've been using Fibs for many years now. I find they work just fine, if you know how to use them. I haven't seen much correct info on this thread. I strongly suggest Joe DiNapoli's work with Fibs if one wants to get a better handle on them. Also, ...

Are Fibonacci levels overrated?

There is absolutely no reason in the world to let a large winner turn into a loser, or even a small win. One approach is to set limits as to how much you'll give back. Let's use your example where your target is 100 pips. Let's say it moves 30 pips ...

To Trailing Stop or Not To Trailing Stop....

When you add, you shouldn't add more than 50% of the existing open position. This prevents what you've brought up. First position = 2 lots Second = 1 lot Third = .5 lot

Adding Lots

Buy on the completion of ABC dips...sell on the completion of ABC rallies.

Adding Lots

You know, there needs to be better sources for beginners. I suppose they're out there, but perhaps a better repository, something that's easily used. I say this because you should know by now that Forex is a decentralized market and that it is ...

Demand and Supply

One of the good things about MT is that data is saved on your pc, this includes templates, profiles and the custom indicators. Go into the directory and find all the things you want to save and copy them. Then save them somewhere else. I like to ...

MT4 software back-up - what is possible?

The other thing that happens is that big money scales into positions. Their big concern when coming into a position is moving it against themself with their buying/selling. One method that is utilized by big houses is to try to push it the other way ...

What moves the market?

In my opinion, when trading any system, one should know what to expect in terms of losing trades. If your system yields a 55% win rate (plug in any number you want) you should calculate the odds of consecutive losers. Once you have those numbers, ...

String of losers....

And that is the point, isn't it? All of those things are talked about ad nauseam on this and other forums. Therefore, it's not a secret. It's out in the open. But where is the best place to hide something? People chose not to believe that all the ...

Why "x" a secret?

I would amend your statement to read, "...most of success..." The problem with thinking that there are "secrets" to trading is that you are creating a barrier, solely of your own doing, that will prevent you from achieving success. There aren't any ...

Why "x" a secret?