"There's little point claiming that it's possible to be systematically profitable at forex," So true indeed.

Hanover replies to PMs

In any given period it's obvious that a few traders can be profitable. True for gambling data (casinos), true for forex. The last time I looked I found the raw data on the fxcm website. As a public company they provide financial statements that you ...

How many consistently profitable traders around?

Stats conveniently provided by the brokers hiding the most essential issue. Check it yourself. Total customer fund at the beginning of period minus ending total customer fund at the end of the period. On average, LOSS by the amount of the total ...

How many consistently profitable traders around?

That is not a good idea IMO that "etc..." in this end is the account killer. Hedge EA can increase lot size automatically using your preset multiplier number. Imagine Initial BUY of 0.1 lot + hedge SELL of 0.1 lot, then another hedge BUY of 0.2 lot ...

Hedge EA Advance

That is rather irrelevant because no matter how clever and cunning and genius you think you are before you decide, once you are committed to a direction you are part of the fray like the other fishes (;

Locked-in Range Analysis (LRA)

Looks like the shorts have not suffered enough ...

EURUSD only

"As if their opinions have any bearing on how the market operates" True, no bearing whatsoever, of course not. But certainly we can talk about how the market operates. ==> the market operates on the basis that traders MUST LOSE in order for the ...

What are the minimum requirements for a Holy Grail?

I am saying that the forex industry propaganda machine is always spewing out the same misinformation to entice the gullible and the greedy to lose all their money in the forex. In this case, spot retail forex IS NOT a US 5 trillion a day market. On ...

Metaquotes Will No Longer Sell its MT4 Trading Platform

Sure global foreign exchange is that large but do you really believe this is what you see on your MT4 terminal? Retail forex is ridiculously SMALL and heavily manipulated.

Metaquotes Will No Longer Sell its MT4 Trading Platform

No hedging and FIFO then not possible IMO

Account Rescue

I have had the unfortunate experience to rescue my own account a few times. So, I know it can be done and can take a long time. I can be done provided there is a floating equity (drawdown) and you may have to put more money in the account and ...

Account Rescue

The stock market is huge. What specifically in the stock market is a good trading vehicle ?

Metaquotes Will No Longer Sell its MT4 Trading Platform

I usually don't pay attention to any commercial offers in retail forex. However, your offer is interesting because it reveals what is hidden below the tip of the iceberg and what no one talks about. Spot retail forex is one hell of a misery maker.

Account Rescue

Good, this is the end of retail forex. Started with the scam MT3 which spawned an entire industry of scammers and cheaters built around metaquote's "retail forex dream machine" Hundreds of millions lost over the years in order to built the forex ...

Metaquotes Will No Longer Sell its MT4 Trading Platform

Price is such a timid creature

EURUSD only

This does not look like a pump and dump ...

EURUSD only

Agreed. To chase every small move expecting a big move is a mistake. But if big moves cannot be avoided and invariably always against your position then somehow you must either take the loss or reverse early or hedge (just to get into a new set of ...

(binned per thread starter’s request) What have you learnt since