Thanks for your reply. I think you misunderstood. There is a world of difference between martingale vs adding on trades as part of a basket within predefined risk limits.

I'm interested to know why you think that is. Or are you just regurgitating what you read elsewhere?

It is really is quite sad people are not willing to think for themselves and just blindly believe whatever they read. If you cant read and analyse information to see whether it is actually true then I can already tell you're a consistent loser in ...

Higher leverage means lower margin required... which if used correctly actually reduces risk. Most people are delusional and just automatically think higher leverage equates to higher risk.

it’s got to do with how the big players are already positioned prior to the release, market sentiment, expectation changes, and new order flows coming in from the sidelines. Once you keep yourself up to date with current sentiment and expectations ...

When the market is less liquid, price will be more volatile as there are less orders at each price point. That is why you see the exotic pairs move more erratically compared to the more liquid pairs. Price will tend to gravitate towards clusters of ...

Like I said, there is a certain benefit to be gained under a very specific scenario. It’s already been discussed by some intelligent traders here at FF. It is not related to costs/psychology. Thinking outside the box is a skill. It’s good to keep an ...

In all my years of trading I've only ever seen one genuine way of benefiting from hedging a losing position, and it was only when it was used under a very specific situation within a very complex trading system. In 99.99% of cases though, ...

All martingale strategies will eventually blow up, no matter how good it looks. I’ve seen some averaging 5-10% a month for years but only to blow up on a sustained and unforgiving trend. If you keep recklessly adding bigger positions as price moves ...

People who say markets are random simply don't know how markets actually work.

If only more people actually embraced this fact.

The vast majority of retail trades are internalised by the broker and only those who trade in a risky manner or are profitable will have their trades sent to the actual market.

If you are experiencing frustration because price went the opposite direction to what you expected... then your expectations about why and how the markets move are all wrong. Learn about the mechanics of the market and derive your edge from that. ...

I agree. Anyone who has not mastered themselves has no business making a living out of trading.

Move to breakeven or lock in some profit after the trade has gone some pips in your favour. If it misses TP, even by a pip or less, who cares, move on to the next trade.

It doesn't matter before or after the fact... when you realize that 99% of FF posters are teenagers/retirees posting their demo trades and treating trading as a hobby only.

I've found this to be true, most people are familiar with the idea of investing in the stock market so I just tell them that's similar to what I do

I should clarify. My reply was in response to the FXCM article posted. ALL trades are a representation of risk vs reward, but the way to do this as suggested by the article is simply wrong. If a trader wins 60% of the time and their losses are ...

Amazing how we can get over 20 pages of newbies propagating the "rule" of using stop losses. Hard stop losses are only necessary if high leverage is used. If you dont rise beyond what is commonly taught you will never succeed in this business. There ...

Risk/reward ratios are bullshit. It's made up nonsense that gets passed around over and over. In my opinion traders lose because they dont know how to manage their positions properly.