I can't for the life of me figure out how to do fundamental analysis on a market this large with infinite variables in it (wars, commodity shortages, interest rates etc., etc. etc.). I'd rather just take my chances as a chartist than try to figure ...

I know exactly how you feed as I'm a demo trader myself. However offlate, I've been focussed on trying to come up with a mechanical system and only trade the system and not take on any discretionary trades. Since I've done that my account balance is ...

Golder hammer of Stop Losses — Since I finished reading the Complete Turtle Trader book, I've been using a 2ATR stop on all my trades and so far it's been working for me. Ofcourse we're on a pretty good uptrend on most currencies against USD ...

I'm with ibfx. They allow mini lots so you can have a realistic demo account balance, rather than the default half million dollar account that some brokers start you off with (which totally skews your view of trading IMHO).

10 years...really? — 10 years? Jeez....how much money have you lost my man?

Well said goods. I agree with most of what you've said. Except for opening the live account fast. Let me say that it took me two months just to convince myself if I should go down this path at all. I've read about 7 books on trading so far and those ...

No stops??? — rgetty, no stops seems like a really bad idea. I think that I'd rather give 1% -5% away rather than 100% away. You never know when there might be an unforeseen global event that causes the market to spike a 1000 pips and take ...

How much time everyday? — I'm interested in knowing how much time everyone here spends on forex. I have a full time (9-5) job and a wife an kids. I can't seem to get to forex till after 9 and then I only have an hour or so to devote to it. I ...

In the same boat — I'm in the same boat as you dude. I just hope to keep on keepin on till I can figure this thing out. I started trading a demo account with a $1000 in March and since then I've managed to bring it down to $850. I read posts ...

Thanks for the encouraging words and guidance mtrmth. By naked trading I meant just using s/r levels and trend lines and not using any indicators live macd or channels or oscillators. I do use a higher time frame - 4hour and daily. Looks to me like ...

Clueless on trading system — I started a demo trading account in March with $1000 and today I have $825 left in it. I have no clue what I'm doing. 1)Every book I've read talks about trading a "system" but I don't know where to start in ...

5% seems unattainable on a consistent basis... — 5% consistently seems unattainable to me with my current experience and knowledge of trading. Say you follow the rule of never risking more than 1% on any one trade, you'd have to make 5 winning ...

No trade without a stop loss — I never get into a trade without a stop loss and most times without a take profit. I'll determine what the SL and TP points are on the chart relative to the entry and then alter my position size so I - 1) risk ...