Trading 1 lot ... with $300-900 profit a day.. I'm guessing you have 30-90 pips profit a day. I can't judge how sound your system is but my advice is to start a live account with $300 first .. see if you can make 30-90 pips a day with real money ... ...

Living Off Fx

The MIT aurora test is useless for me. I had never ever traded with line chart. They should have provided candlestick charts as well.

Can you tell with naked eyes?

The research that I mentioned was a very old one mentioned in one of the classic trading book I read long time ago. Perhaps the MIT study is more up-to-date.

Can you tell with naked eyes?

Kk007, In the book the black swan by nassem taleb, u can learn about two types of variable, Mediocristan - outliers will not break the distribution n may be ignored extremistan - outliers may render distribution meaningless, outliers value hs ...

Can you tell with naked eyes?

that sounds logical to me, but to be practical in trading, i assume all setup will fail so im always prepared for failure. This is all trader need to worry about.

Can you tell with naked eyes?

Btw to answer ur question. someOne did an experiment to see if trader can distinguish randomly generated chart and real chart. Result: they ccouldnt tell the difference. This result tells nothing bout market tradability. Dont take it too seriously

Can you tell with naked eyes?

I think naked trading does not mean 100 percnnt naked. Even cndlestick is a form of indicator. It doesnt matter if the market is random, we deal with randomity evryday in life . no big deal

Can you tell with naked eyes?

For daytraders, i suggest using ema close 288 on 5 min tf. Only take long position when price above the ema and vice versa. Why 288? 288 x 5 = 24 hour. Good trading

Simple 5 / 8 moving average crossover

I dont use trail stop. Too inflexible. My rules with stop losses is just .. "move SL to break even and wait for TP to get hit, if it didnt get hit .. try again tomorow"

Who is best ? stop loss or trailing stop

Mentioning "poor" and "market wizards" in one sentence sounds so wrong to me ...

Traders Needed for New Book!

Thanks for the info. Its cool to have realistic investors like u have.

Attracting Investor Capital

If its not too much to ask, how much does the fund grow permonth? Sounds like theres no drawdown visible at the end of the month

Attracting Investor Capital

Nice post Dopey, I now have good information about managing OPM. This is my ultimate destination in trading career. By using Oanda .. are you using FxManager or do you login into each account separately when trading .. ? Do you claim your profit ...

Attracting Investor Capital

If you notice ... the default MT4 Fib tool does not show the prices. I need to easily see the prices to set SL and TP ...

Fibonacci indicator

Wow this thread is really old ... I still like the idea but I no longer trade this way. Reason being, it doesnt match my personality .. I do not like holding longterm positions... I'm now a guerrila-type breakout trader.. 1 trade a day .. I salute ...

S/R Trading tactics

I agree with you. Less trade is better. Especially for "market open breakout" traders like me. One trade is all I need a day. Wait for signal, pull the trigger, wait to move SL to breakeven, go elsewhere with TP intact. Wash, rinse, repeat everyday. ...

The best way to trade is one trade a day

Dont borrow money from anywhere to trade forex ... Why not just open a really small account with Oanda ? You can even trade with USD 50. Keep trading, save some money ... then inject your money into the account from time to time .... watch your ...

borrow money from credit card to trade? without hurting your trading emotion?

I guess .. being a daytrader .. they dont really have time to browse through forums ...

Day Trading vs. Swing Trading vs. Position Trading

thank you very much sir

Fibonacci indicator