Yes and also over what time period? Per week?

How much time you spend of trading?

How much money to safely trade is going to vary greatly from person to person. Depends on your current net worth and financial obligations. 50k might be safe to somebody that is better off, but too risky to someone who is less fortunate.

How much money do you need to safely trade forex

When your name is Floyd "Money" Mayweather.

You know you've made it when...

Yeah August sucks for me thus far...

Most Volatile & Crazy Month?

My sentiments exactly. Noob from 3 years ago? How often have you gone short since 2014? If the spread widened near your stop, you're filled at the ask and you're out! Now you know. Going forward, I bet you will leave a margin of error at least as ...

Price didn't reach SL, why did I get stopped out?

I thought as much. This would never work with large positions because you would be wiped out with a margin call in an instant, but I can see how it would be manageable in bite sized chunks.

Trading without stop loss

No biggie! I will also emphasize that a winning system can be turned into a losing one by a bad trader though!

Trading System versus Trading Strategy: Gaining a Profitable Edge

Yeah nothing is useful in isolation. They can be a great complementary tool, but many of the patterns do fail. I don't use them much in terms of trading decisions, but they are nice to look at compared to boring bars. To me, they really do make the ...

About Candlesticks: Why they were created? What do they reveal?

You made an incorrect assumption. This is simple. By mediocre I mean smaller edge. By bad, that would be no edge whatsoever.

Trading System versus Trading Strategy: Gaining a Profitable Edge

Oh you mean the history and all that. Well, no. I can tell you from reading Steve Nisson's books (you can Google him) he is considered the authority on candlestick patterns and his books will explain all the extra details you would like to know. ...

About Candlesticks: Why they were created? What do they reveal?

Candlesticks bars are basically a visual summary of price action for a certain period. They were created to make price action stand out more than conventional price bars. That is all.

About Candlesticks: Why they were created? What do they reveal?

I said mediocre, not bad. There's a big difference.

Trading System versus Trading Strategy: Gaining a Profitable Edge

That's why I am not a big fan of "systems." Not that they can't work, but that people put too much focus on developing a great system and not enough time into developing a great mindset. This leads to making things more difficult than they have to ...

Trading System versus Trading Strategy: Gaining a Profitable Edge

When trying to force a certain percentage of return out of the market, it doesn't usually end well from what I've seen. The market gives and the market takes, but it makes no guarantees. I believe in taking what the market gives.

1%/Day and max 25% DD, because no business without risk

Let's put it this way. You can take a disciplined trader and give him a mediocre system and he can be profitable and you can take an undisciplined trader and give him an extremely profitable system and he will likely fail. Part of strategy is the ...

Trading System versus Trading Strategy: Gaining a Profitable Edge

Gotcha. Thanks again! I think for free, I will stick to this! Re-docking is a small price to pay.

IBFX MT4 Tools- Undock MT4 Charts

Thanks again! By the way, do you know if there is a way to get the toolbar options when the window is undocked or is that not possible? What I mean is can get time frame options and drawing tools etc to show up in that window along with the chart or ...

IBFX MT4 Tools- Undock MT4 Charts

Oh okay thanks! It works now! The dll file didn't extract at first so I wasn't aware of the 2 step process. It works perfectly now. Thanks for the help you guys.

IBFX MT4 Tools- Undock MT4 Charts

I would rather not remember to post in two places at once. That's why I sent the link. Feel free to follow me on there if you would like.

Post Your Swing Trades Here