Do you trade one system in particular? — You seem to test systems quite often. Just curious but do have a staple system you trade?

Peaks and Valleys (Trading Naked)

Sening the wrong message — This site has a mix of seasoned traders and very novice members. When people new to Forex see posts similar to yours they believe this is the norm. This is gambling. A seasoned trader would never risk this kind of ...

i doubled 5k to 10k in a days

Be Careful with that word - Easy. — The word EASY in the FX world usually equates with an empty account. I'm not disagreeing with your post just asking for caution. I don't agree with trading outside of a winning system.

The easiest trade of the week

entia non sunt multiplicanda praeter necessitatem — Entities should not be multiplied beyond necessity. Occam's Razor - All other things being equal, the simplest solution is the best. I don't know Latin - I copied it from Wikipedia but it ...

Why are we afraid of simplicity?

Money Management Example — Here’s an example: Let’s say I open an account with $1000.00. The system I trade – a pivot point system allows me a 20 pip stop. I’ve decided that I’m going to risk 2% per trade. The next step is to determine 2% of ...

Tips & Tricks from the full time traders??

Money Management — Scott's post is correct. It has nothing to do with setting a stop. Part of developing a system is deciding on an appropriate stop. Most intra-day traders use a 15-30 pip stop. If you are trading on a longer time frame your ...

Tips & Tricks from the full time traders??

Some things that have helped me — 1) Find a system that fits your personality. (and one that works) 2) Money management. (no more than 3% on each trade) 3) Be patient. (Wait for trade to come to you) 4) Trade during prime time only. 5) Accept ...

Tips & Tricks from the full time traders??

System is only a fraction of the game — 6 years off and on. 2 years FX. I blew up 3 different accounts before I became successful. I trade pivot points based on a 15 minute chart and utilize trend line analysis, fibs and psych levels. I spent ...

Years vs Methodology...

EURUSD — The most liquid pair of the majors. The majors account for 80% of all volume. I can only focus on one pair at a time.

What pair you trade ?

Too Many Variables in that question — A really good trader can probably churn out between 6-10% a month. It depends on your systems expectancy, price action, %risk/trade, etc. Some traders claim 20% on a monthly basis. (Horse dung) I've only ...

How much money can a seasoned semi-pro make with trading on Forex?

The last 4 weeks were trying — Although I ended up 152 pips in the black I thought the last 4 weeks were difficult. I've documented my trades and I'll send the link once my site is up.

BAD November?

A new number then... — Ok. Let's come up with a new failure rating we can toss around at parties. Since the real number is as elusive as Keyser Soze how about: 89% of all traders lose money, 6% are unlucky and the rest are human ATM machines.

Response to "Please, 95% of traders don't lose their accounts!"

You are responsible for your actions — Successful traders take responsibility for their own actions. When you make the decision to trade from the recommendation of another YOU decided to take that trade.

Never listen to forecasters and analysists.

They are like economists... — Analysts are like economists... they are great a predicting past results.

Analysts? Poor Traders

Can't Wait to Hear the Explanation on This One... — A large American bank helped cap the early rally by selling a sh#t ton at .4500. Payrolls almost doubled. Factory orders painted positive. Every lagging indicator (RSI, etc) is showing ...

EURUSD

Hard Truth — The truth is it takes time and patience to develop the skill of trading. Every profession has a learning period - I don't know why novice traders believe they can jump right in and make money. Great traders have a recipe they ...

Now I know why 95% of traders are on losing side

No Free Factory Rides — Correct. Hmf. Well, he still needs >1,000 trades under his belt to qualify for the 1KT badge and then he needs at least two vouches. No one get's a free ride here.

World's Best Trader Discussion Over

Long the dollar into NFP... Good Luck — Almost every piece of data is pointing to a weak NFP. I'm not a fundamentalist but I don't think I would want to be dollar long into tomorrow. On that note I can't explain why the dollar is gaining on ...

USD/JPY Discussion

I appreciate the Respones... — Thanks for the replies and suggestions. Much appreciated. m

Who here manages other people's money?