I agree, an explosion of marketmakers and advertising over the past 5 years. Couple that with the get-rich-quick mentality, the low entrance requirement, and ridiculous leverage offered by these shops and you have a recipe for disaster! I don't ...

Why are most retail traders usually on the wrong side of the market?

I'd call it a lemming house rather than a slaughter house.... image

Why are most retail traders usually on the wrong side of the market?

Oh I am, I am. I'm not taking on any more investors but I like you so I'll make an exception and let you invest in my "no-risk-guaranteed-returns-or-I-will-pay-you-out-of-my-own-pocket" investment plan, you're very lucky to get such a fantastic once ...

Why are most retail traders usually on the wrong side of the market?

Yeah the markets are a bit choppy at the moment, it's to do with the Quantitative Easing and big market chilling problems in the US, complicated stuff you wouldn't understand, and then an employee diverted some funds but I'm sorting that one out, ...

Why are most retail traders usually on the wrong side of the market?

lol, going by the number of people who thought the same as you and were gullible enough to pay him money I think we've found one of the reasons why the majority fail!

Why are most retail traders usually on the wrong side of the market?

Yeah, be a mentor, you're certainly qualified for the job! Ok, a less sarcastic reply might be learn how to trade, then go and have a look at price action and s&r threads, that should do it!

Mentors & Tutors for new traders

Two weeks? Holy crap! Yeah I'd hang fire on that live account for a bit if I were you, the probability of that being sustainable and not blowing up are about....zero!

Your definition of Consistently Profitable?

Markets change, sure, but simple strategies like the one you describe seem to stand the test of time. Why not scroll back through a few charts and have a look, it's not like some indicator based systems where you need to see the indicator unfold in ...

Your definition of Consistently Profitable?

I think that's the key, you instinctively know when you're trading well and can clearly identify your edge, that's the time to go live (assuming you're overall profitable of course!). I forget who said it originally but it seems to ring true, "if ...

Your definition of Consistently Profitable?

Having a $60,000/yr goal is pretty meaningless unless you put it in context!

Your definition of Consistently Profitable?

The plan was going great up to that point! Brokers rarely give very much away so 20% bonus offers need to be paid for, which broker is it?

Taking advantage of the welcome bonus

Absolutely! And all for free!

Mentors & Tutors for new traders

Unfortunately they probably won't, that's why snake oil sellers like Jacko stay in business for so long, they leech off gullible novices with money to burn. Sad really but I guess that's life, there's a sucker born every minute and plenty of lowlife ...

Mentors & Tutors for new traders

Ah, so that's the reason, it had to be something! image

Boot Camp

Not if you're going to use it like a playground, no. I guess that's the importance of treating a demo like you would a live real money account. I can't help thinking about that line from the Kenny Rogers song....."You never count your money when ...

Don't play games with demo accounts

(sarcasm) Wayne 'Jacko' Jackson a scam! Surely not! Goodness gracious what is the world coming to! (/sarcasm) Like someone else mentioned I doubt he started out with the deliberate intention of scamming anyone, he just thought he knew what he was ...

Jacko's Forex House of Pleasure and Pain

Yeah I know, I was reading about that fiasco. S/he is a good example of what we're talking about, literally dozens of gullible novices right here on these forums were taken in by what they thought was an experienced trader and they paid him money. A ...

Mentors & Tutors for new traders

lol, did I say that? No, what I said was you need to identify the problem before you can find a solution. If you're breaking into a sweat when you trade real money then there's obviously something wrong! You kind of miss the significance of ...

Don't play games with demo accounts

In that case you haven't developed sufficient confidence in yourself and/or your strategy, or the required level of discipline, in order to avoid impulse trades.

Don't play games with demo accounts

"Plan the trade, and trade the plan." If you had a strategy and a trading plan, and confidence in it and your ability to trade it then you wouldn't need to fight the emotional demons you've described, you would simply trade the plan, relaxed and ...

Don't play games with demo accounts