I have been giving great thought to my statement above about "test, test, test" on a demo account. The more I think about it the more I think it is wrong. Yes, do some tests first, but I think it is much more advantageous to get into the trenches ...

Help for Newbies (Discussion Thread)

Hi ctrade, Here's a site where you might get some valuable training in forex. It's on the NFA site. Good luck. url

Forex Trading

Here's a site where one could do some learning about the forex: url

My Story...need a bit of guidence

Jigsaw, I agree with most of your post. But I take exception to the above quote. Traders trade and teachers teach. That is a load of you know what. Are you saying that someone who has knowledge and is willing to share that knowledge doesn't really ...

Amount needed to trade for a living??

I totally agree with the highlighted section above. Most advice tells you to just trade a demo until you think your "system" is ready. When traders do this that have not traded with their emotions coursing through their bodies. One needs to/must ...

My Story...need a bit of guidence

Zen, I generally agree with you, but it is possible to find an excellent mentor,especially nowadays using the internet. Believe it or not, there are reputable people who are excellent traders that are willing to help newbies. Some even with a small ...

Forex Trading

Excellent point GulfCoastPip. Good traders always consider risk management and money management while making trades.

My trading strategy and life goal

Charts are only a graphical method of showing price at the moment. There were many successful traders who only looked at price long before there where charts for them to use. There is a lesson in that.

Are charts a little bit deceiving?

Brokers make much more money taking some here, some there from their customers. They don't need to "follow" a trader. Also, if you know a guy who has been so successful, why doesn't he/she show you what to do? Are they that greedy that they won't ...

Being able to follow moves greatest traders

Hi ronald_fsm, 1. Yes, I always use a stop loss. 2. I do because one can never predict what will happen in the world that might move the market strongly against your trade. i.e. terrorist attack, etc. 3. The size of the stop is determined by ones ...

Do you use stoploss?

Hi Interceptor, Just wanted to say this is great information and that I agree totally with the idea of just ditching all indicators. When there are too many variables on a chart it can lead to frustration and paralysis by analysis. Just keep it ...

Help for Newbies (Discussion Thread)

Hey Subdude, I think you truly understand whipsawing now...right? Good luck, Joey

Change a losing system into a Winning system

Brad, I agree, it is better to let the machine take your brain out of the process on the exit side of the trade. Many newbie traders have a tough time on knowing when to get out of a trade. Joey

an EA that worked forever

FX-Petra, Nicely stated and well thought out response. I agree with almost everything you stated, except "It is a sad flaw". I think it isn't a flaw at all, but a gift. Unfortunately, many people don't see mistakes as an opportunity to try something ...

Are the best systems also the systems that fail most spectacularly?

my humble opinion — Hi Frink FX, In my humble opinion you could continue on the path you've chosen until you discover that it works (then great!) or that it does not (then use that feedback to try another course. I know the above sounds a bit ...

Are the best systems also the systems that fail most spectacularly?