Very well put. Practically, the only way to make a long term living income out of trading without a stop is if you start with a substantial lump of money (for argument sake, let's say $100,000) and trade in mini-lots. That way, by trading in the ...

This is simply another example of a rookie trader blaming somebody else for his poor trading. Just that the figures have more noughts on the end than most traders.... Like everyone, it's his responsibility to research his own trades. And take the ...

I wish you luck (and you will need it, as your trading "strategy" hinges more on luck than anything else). Learning forex is a journey. I've jotted down a few lessons I've learned during my own growth in forex over the past 6 years: 1. If it's so ...

That's what everyone is telling you. There is no such thing as an A+ trade. If there was such a thing as a guaranteed trade, don't you think everyone else would take it? Trading is a zero sum game - so by definition not everyone can take the trade. ...

I really value these threads, so thanks for starting it. However, the reason I value these threads is because they underline and confirm how far I've come in my own forex journey. Be assured, in a month, a few months or a year or more when you've ...

It's not a rejection yet. You'd need to wait for a definite reversal candle to be sure it's a rejection. At the moment, price is testing the monthly R2 resistance and it's too early to say which way it will go. The current price point is strong ...

Many people trade without SL because they think they'll make more money - because they're not taking losses. But the opposite may be true - they may make more money if they have a SL. Clearly, the purpose of trading without SL is to not get stopped ...

An interesting debate here. Let me add another thought in to the mix. In general, less experienced traders are more likely to gain more pips by entering and holding (swing trading) a few trades in the direction of the trend on the higher timeframes, ...

See here: url for an excellent resource to show the correlations between each of the major pairs. It also shows the average daily range of each major pair.

Perhaps the irony of this new thread is that by saying FF is of minimal/zero value, a few experienced hands have contributed - and demonstrated it really does have value. While I'm sure it's true that some awesome traders have given up on FF simply ...

I'd bet (pun intended) that if they meet new people and are asked "So what do you do for a living?" most people will say they're traders.

In case there's anyone who's not seen this, take a look at url It allows you to review the daily range of a large range of pairs, and the times when they're most active. So, for instance, you can see in the past 52 weeks the average range of ...

This is the key question for the markets in 2013. Never mind the fiscal cliff, or whether the new Japanese government want a "strong" or "weak" JPY, the fact is that institutional investors and governments rushed to the 'safety' of bonds at the ...

Make no mistake - this method works. By waiting for all 4 indicators to confirm the trade you don't get caught in so many whipsaw trades. However, this method is only as good as the person trading it. It took me a long time to fully understand what ...

Following intense negotiations in the Primestop household last night, I am pleased to announce an agreement to change to my daughter's pocket money allowance. The conversation went as follows: ME: Honey, times are hard and we've reached a fiscal ...