In my opinion, terms like 'chart reading' / 'technical analysis' are misleading. Most people understand conventional reading and analysis to imply a level of objectivity. In speculation, what one derives from analysis is merely an opinion of future ...

Is Forex trading worth it? If so, why?

url Oh look, its you. I never realised! And you never answered the question. You are acting mighty strange I would say.

OANDA Discussion

Ok, so how did they screw their customers?

OANDA Discussion

How did they screw the customers during the SNB event?

OANDA Discussion

Professionals dream of making 30% a year. You are either an undiscovered superstar of the financial world or you have not properly evaluated your method and cannot sustain those claims.

Is Forex trading worth it? If so, why?

I think a lot of people here miss the point. Talking about the specifics of trading methodology, technicals, fundamentals etc. will amount to absolutely nothing if you don't manage risk. Blowing up accounts is not a growing pain in one's 'Forex ...

Is Forex trading worth it? If so, why?

Based on what you have shared, it looks like the problem facing you and your friends who have experienced sudden devastating losses would be risk management. Maximizing win ratio may be detrimental to maximizing profitability. Many managed futures ...

Is Forex trading worth it? If so, why?

It would have been better to ask that question before embarking on your venture. Anyway thank you for sharing your process. Most of the successful speculators out there do not confine themselves to the currency market and also trade stock indexes, ...

Is Forex trading worth it? If so, why?

So what indicators do you recommend? Pls help im new to forex

New Years Resolutions (trading)

If a trader cannot develop a profitable mechanical system he probably should abandon technical analysis / chart reading altogether. Its very unsettling that many people here would choose the false hope that discretionary trading gives rather than ...

Is Forex trading worth it? If so, why?

Yes. In fact, profitable trading is literally having a cup of coffee while doing something relaxing while your winners continue to win without your interference. After all, winning trades are big enough to take care of themselves.

Zhu's Forex Thoughts

Anything higher is also speculation.

Who makes real money from forex?

People by their nature set themselves up for failure at the game of speculation. Case in point, as of this posting, the thread just above this one reads "Martingale EA. Almost can't lose!" Retail brokers just need to cup their hands and collect the ...

Who makes real money from forex?

Any idea how many new entrants are left? I have a feeling that new players won't stick around for long.

Diversified Trend Trading Approach

I also notice that they are the only discretionary funds in the list. lol. With something as simple as systematic trend following im actually puzzled as to why there are so few prominent players.

Diversified Trend Trading Approach

I don't see why it should be one or the other. A healthier balance would be to keep your job and trade at the same time. You retain your stable income. You get to tailor a strategy for optimal growth based on your own risk tolerance. And your day ...

Who makes real money from forex?

Fund 2: 74.76% Drawdown Fund 3: 91.46% Drawdown D: I wonder if being discretionary had anything to do with this.

Diversified Trend Trading Approach

Ok then, just make sure you test your assumptions rigourously. If I knew that the market moved because of the actions of some traders I would be glad to ignore any signal generated by such activity. I would only want to play for the sustained price ...

From Rookie to Full time Forex trader

Hi AntiVi, I do not encourage this approach to system design. William Eckhardt illustrates the point more clearly in his interview from New Market Wizards. "Schwager: Are there other practical implications of using what you term a robust approach as ...

From Rookie to Full time Forex trader

Having a comprehensive plan is a step before real trading. You may skip the 'demo' part.

Is demo a step before real trading?