Hmm... doesn't change it from being zero sum though. The motivation doesn't change anything. Just because they didn't enter into the trade specifically to gain, doesn't stop their being a winner/loser on the trade.

Who will pay for your money ?

This has been bugging me now for 24 hours, mainly because I always thought it was zero sum (or erring slightly negative). Xaron mentions banks and commercial hedgers don't require profit. Neither do central banks in this respect. Or anyone whose ...

Who will pay for your money ?

I'd be hard pushed to find anyone on this forum who's put as much effort into delivering something that: a) Everyone can use b) Is genuinely useful in trading c) Must have taken an eternity to complete. ...as Hanover's news plugin for Metatrader. ...

Forex Factory Hall Of Fame

Pipintime, the revenue already have a tax status for full timers - "professional gamblers". The case was proven a long-time ago with someone who made his income off the horses. I've not heard of any spread-betters being taken up like this, but the ...

spread betting

% ATR — Nice work Thatwasme. I've been looking for something similar, but displaying the % move since the open (00:00 GMT) against the daily ATR (14 period). I'm certain this must exist somewhere, but I've looked across FF and Google to no ...

ATR

Hmmm, looking along my bookshelf at really solid useful books: 1) Trading & Exchanges - Larry Harris 2) Microstructure Approach to Forex - Richard Lyons. Heavy-going, a bit out-dated, but worth it 3) Psycho-cybernetics - Maxwell Maltz (not a trading ...

Traders' Book Club

ransquawk do a free 30-second delayed audio newsfeed, paid-for realtime, and IFRmarkets (available through lots of retail brokers) are good for written news (realtime) Wouldn't of saved you of course till after the event, but at least you know why ...

Forex Live News Feed?

Trading 10 binary losing trades in a row, chances of which were 1 in 200.

Share your EUREKA moment

Great post Rabid. Show me anyone who doesn't get suckered into peer pressure to some degree and I'll show you a liar. It's not just about following the crowd either. I can't participate in any of the live calls threads, because just by posting ...

Forum peer pressure

Eloquent reply as ever Hanover. Not sure you're that much of a relative newcomer now are you? 3 years or so? Someone brighter than me said that trading is about instinct, but until you've been trading for 2 years, you don't deserve one. Too true. I ...

Trading Psychology: Mistakes in a Trading Environment

Instinct! I know that sounds like a cop-out, but your subconscious picks up far more than you can articulate or know consciously. If you allow it to - by that I mean trade when you feel like, how you feel like, it learns from mistakes and errors and ...

Trading Psychology: Mistakes in a Trading Environment

No - that's the point. Don't blindly follow any system but instead use your discretion - instinct - which in turn requires you to break the rules of your said system when the time is right.

Trading Psychology: Mistakes in a Trading Environment

Dopey, married to a Brit you'll know there's nothing more antagonistic to a Brit than success, ergo most Brits hate Man U. Plus most of their support comes from the rest of the world or parts of the UK where people have 12 fingers and webbed feet. ...

Will the pound disappear?

I know there are people who do this, and who are profitable, and I say good luck to them. But I think this is actually an awful way of trading. It was downrivertrader who opened my eyes to this. You've an instinct for a reason. Blocking it off leads ...

Trading Psychology: Mistakes in a Trading Environment

Nice, looking at the same at the moment. Wouldn't placing TP at the top of the range (blue arrow) been a reasonable assumption (harry hindsight talking here), given that the past few sessions have all been showing balance around the same levels and ...

CBOT Market Profile

I'll echo that, a great insight into how you're trading Rabid and useful, generous advice. And Brent - sounds very promising - I'll drop by once I've had a bit of time to apply all this to my trading.

CBOT Market Profile

The Q&A of market profile — Rabid, or anyone else who knows MP well... I'm trawling through Mind over Markets. Slowly, it has to be said but at least not as slow as the CBOT manual. I've got a couple of questions though as I'm working my ...

CBOT Market Profile

Hi, I pretty much only trade EURUSD so concentrating on that. Can you tell me, is this open interest or volume that's collated? Heads up mind - I'm new to both. Also, EURUSD seems to have lost its figures for yesterday. Great work though VT, very ...

Volume Trading