I lost interest in Forex. This system seems to work, but requires too much time for me to set and manage for the amount of money I'm willing to risk. It's also difficult to manage well - when do you take profit? I've focused on my career, which I ...

Super quick update... wife and I are taking the kiddos to the waterpark this afternoon! I closed my EJ and EU shorts in the pre-market at 20 pip spreads (ugh). spanish bailout news last night sounded bullish, but I was too tired to make a decision ...

Pretty boring so far. We are down a couple of percent but that's well within comfort level. We looked really good this morning until Mr. Bernanke took a break from the printing press and the market got scared. I don't think any of the three pairs ...

Okey Dokey, I've finally entered trades for this week. It's really kind of late and so I've missed the huge upswing, but I've had a lot going on. You can't catch them all! So you can see that my orders will catch any move. Hopefully something cool ...

China news agency, Beijing, June 1 (Reporter Wei Xi) - June 1, the China Foreign Exchange Trade Center was officially launched by the direct trading market makers to provide trading liquidity of the RMB against the yen. In the morning, the Bank of ...

I usually rely on Oanda's news to give me a heads up on big events (it paints a line on the trading station at the time of the news) but it totally missed the 10:15 speech. Does anyone have a recommendation for a better news feed? I'd rather take a ...

40% was my max, but I made adjustments that I believe correct for that downturn. Since then I've maxed out at 25%. Forex is my risk money though, so I'm OK with the volatility. I wouldn't tolerate this in my retirement account. Also, to forestall ...

Part of my day job involves determining levered vs unlevered returns, so knowing both is important. My trading leverage is about 12x, my avg monthly return is 9% and average drawdown is 20%. So yes, my cash in the pocket gain is 9% of my account ...

I've made 9% per month on my account on a levered basis. Translated to an unlevered basis (as mutual funds must use) it's 9.4% per year. 9% per month is 7.9x return in two years, not 60x. First year was demo, second year was real money. Let me know ...

For almost two years I've been average a bit less than 9% per month, so yes it is possible. My max drawdown was almost 40%. (both figures are percentage of total account balance). My usually drawdown is about 20%. That's a lot of risk, a lot more ...

Thanks for everyone who has participate and/or commented. Self-styled consistently profitable traders seem fairly split between less than 10% and greater than 30% returns in a month. I made two significant trading errors in the past year and took a ...

Oh dear, missing poll option. I've assumed away the 90% of traders who never succeed, but the question is that for those who do, what's reasonable? Another way of approaching the question is what's outlandish or what's too little to bother with. ...

I'd say about a year is a good time period to judge success. I've had lucky streaks of 2-3 months when testing new ideas before they collapse.

Well I've been out for a while. In the interest of keeping myself honest, I'm going to post an update. First week of May: $1775 (or thereabouts) Today: $2660 (or thereabouts, all trades but one closed. Number includes SL if hit.) An unexpected and ...

Can some one explain this for me? I get IFR news with my Oanda account, but I don't trade fx options and so I don't know what these figures mean or if they are even relevant for retail trade.

Live: BAL: 1239.7+1255.7 = 2495.4 NAV: 1225.5+1133.2 = 2358.7 July 22,2010 start: $1242; 90% return YTD: $1950; 21% return Demo: 50 SL: 1155+1156 = 2311 100 SL: 1042+1108 = 2150 I think running the two accounts is fully justified by the 16% net ...

I feel the same way Dan. I've been trading for four years - first 2.5 years, I lost money steadily. In Nov 09 I started a new idea and since then, through various iterations, it has worked better than I imagined. I went live in July last year and ...

good job!