There you go, you just provided the secret to profitability and the answer to all your woes. I don't see why you are still struggling if you just follow trends and manage risk.

Why do many trading systems not mention the entire...

Hi AntiVi, Speculating the markets isn't something that you can expect to earn a stable income from. Its generally not advisable to risk money that you cannot afford to lose. Living off one's profits also detracts from the full potential of trading ...

From Rookie to Full time Forex trader

Its really not a matter of the type of indicator but rather the amount of lag you set for it.

What is your best chop indicator to keep you out of choppy markets?

Yes, thats the definition. Though the statement that it is impossible to beat doesn't follow. If we accept the premise then its still possible to win by being the lucky survivor of a random process. There isn't anything other than luck to explain it ...

Twelve widely believed forex myths

Trend trading does require one to adopt a contrarian set of beliefs. Anyone who attempts to explain why trends exist or persist will not arrive at a definite answer. To me, self-sustaining price movements are a natural consequence of speculative ...

Diversified Trend Trading Approach

"Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics the one thing that strikes you most forcibly is how little either stock speculation or stock speculators ...

Diversified Trend Trading Approach

Speculative trading has nothing to do with exploiting inefficiencies. That is within the realm of arbitrage. Speculators prefer free markets that are highly efficient and actively traded. I would agree that most people don't have a clue as to what ...

Twelve widely believed forex myths

I always laugh at people who say, "I've never met a rich technician." I love that! It is such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician.

Why do many trading systems not mention the entire...

Simply look at the positions of retail traders. Even when all objective indicators of direction show price going up they are net short. Conversely, when price goes down they are net long. I still can't figure this out.

Brief Story Of My Life and How I Stumbled In Forex Trading

Even the greatest speculators in history never made consistent profits. Spectacular ups come with spetacular downs. Indicators (the useful ones at least) were created to lag to act as low-pass filters. To assume that price action has a 'leading' ...

My experience, need trading wisdom

It is much cheaper to first perform research and planning. Trial and error is expensive when it comes to trading.

Watch me rise or see me fall

Why not save yourself the time and money and don't start until you are very wise and absolutely certain of success?

Watch me rise or see me fall

Speculation is a game. You come up with an opinion and then you bet money on it. The quality of the opinion matters less than your personal conviction to it and your ability to stay capitalized.

Best way to get into Forex trading?

If someone cannot apply common sense I don't think he should be playing the markets.

Why do people say brokers steal from traders no matter what?

A quick glance leaves me unconvinced that non-USD pairs should only produce a net loss though I have not done any kind of proper investigation. It doesn't seem like a project worth pursuing, I don't see the point in trading any non-USD currency pair. ...

Historical Daily Returns Distributions

If you seriously believe your broker is out to rob you don't you think its rather silly to have an account with them?

Why do people say brokers steal from traders no matter what?

Wait what? So if I take a diversified portfolio of instruments traded against some other currency besides the USD it will have a negative expectancy? If this is what is implied I find this hard to believe. Of course if you are limited to non-USD ...

Historical Daily Returns Distributions

I recommend reading up on how the best traders do what they do. Must reads: 1. Reminiscence of a Stock Operator by Edwin Lefevre 2. Market Wizards by Jack Schwager

Best way to get into Forex trading?

Regardless of whether the broker profits off a trader's loss, whoever realised that profit did not 'steal'. If a broker is actually criminal and sabotages clients then call the police. However, the normal relationship between a market maker and the ...

Why do people say brokers steal from traders no matter what?

There is no malevolence here. Brokers are simply managing risk on their end. The rules are clear and the retail speculator should do the same. Brokers don't have to steal, people will line up on their own to fill their pockets.

Why do people say brokers steal from traders no matter what?