They don't even have to. People will flock to brokers and part with their money without the need for coercion or thievery. Retail brokers understand something that a lot of people miss through ignorance or self-deception; that speculation is a game ...

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

Why are you looking specifically to be a 'Forex Trader'?

Best way to get into Forex trading?

You would think that after the 48th blown account you would notice something amiss.

How Many Accounts Did You Blow Before You Got It Right?

I guess what im saying is not so much that they sound like ineffective systems but rather they don't match my definition of those terms. To me, a short term trend system would just be a scaled down version of a long term system. In extreme cases, ...

Diversified Trend Trading Approach

Thanks for sharing. In my opinion, those rules don't sound very good and might not accurately represent trend-following. I'll leave it at that if this isn't going in the direction of the thread.

Diversified Trend Trading Approach

Hi Coper. Do you mind sharing the details of the systems that you used in testing? Different people may have a different conception of what is long term vs short term and trend vs counter-trend.

Diversified Trend Trading Approach

If you are good at what you are doing then ride your winner. What I can't understand are the people who spend many years banging their heads against walls only to end up with a net loss when if they simply traded with the long term trend they at ...

Is Forex trading worth it? If so, why?

If you want to build a bridge, you study bridge-building, you lay plans then you build the bridge and you do not let anyone cross it until you are 100% certain it wouldn't collapse catastrophically.

How Many Accounts Did You Blow Before You Got It Right?

I guess so is everyone else on FF. I never understood this inclination.

Is Forex trading worth it? If so, why?

They are trying to squeeze pips out of intraday moves in the currency market. Something that doesn't work too well most of the time. Just implement a simple trend-following system and be done. lol

Is Forex trading worth it? If so, why?

A good system should be able to trade a variety of markets to allow for diversification. I concur with you that most of the systems here are terrible.

Is Forex trading worth it? If so, why?

Objectively, candlesticks display the open, high, low and close. Any revelations beyond this is a function of one's beliefs about markets.

About Candlesticks: Why they were created? What do they reveal?

Cool. So you have been trading a purely technical system and managed to catch all the major trends in currencies, interest rates, stocks and commodities in the past 8 years. Congrats, you're probably doing very well.

Is Forex trading worth it? If so, why?

I don't need anyone's opinion as long as I am correct. You have no substance. Please keep demonstrating the fact.

Is Forex trading worth it? If so, why?

False.

Is Forex trading worth it? If so, why?

No for two reasons. 1. As a non-insider your access to information will lag behind price. One may in fact lose opportunity while waiting for clarity, which is long after the market has made its decision. 2. Even if you are correct in your assessment ...

Is Forex trading worth it? If so, why?

Point is, the most objective interpretation of fundamental factors is a price chart. It would be wiser to let the insiders and strong hands do the analysis and simply tag along with the winning side.

Is Forex trading worth it? If so, why?

Didn't claim otherwise. The assertion is that one can trade profitably while completely disregarding fundamentals.

Is Forex trading worth it? If so, why?

It is important to come to an understanding of markets as a whole but knowledge of fundamentals is not necessary.

Is Forex trading worth it? If so, why?

You could have multiple different traders with completely different views on the markets and they all could be successful in the long run. There are so many ways to go about the simple task of buying and selling it seems that what is more important ...

Is Forex trading worth it? If so, why?