I would definately say that one learns faster in demo practice. This is true because most traders are completely void of emotion within the demo mode, there is no psychological factor playing on their minds, which contributes to false moves or ...

A Trader's Philosophy: Finding Success in Losing Trades

You obviously completely missed point of my thread... Perhaps reread the thread and maybe you will understand it's message. And incase you are to lazy to read it, i'll simplify my threads message for you: finding success in losing trades means that ...

A Trader's Philosophy: Finding Success in Losing Trades

I am not the gambler. He who rolls the dice randomly without a sound approach is the gambler. I simply review my previous trades and mistakes because forex trading is all skill, it is not luck, it is a business; whereas, gambling is no skill ...

A Trader's Philosophy: Finding Success in Losing Trades

practice makes perfect — Ever hear of the saying: "practice makes perfect." I think some people should listen to that becuase it is very true, any veteran will agree. To become perfect, one must eliminate mistakes, through practice of course.

A Trader's Philosophy: Finding Success in Losing Trades

Am I the only one who thinks that trying to prevent the same mistake from happening over and over is logical? I mean seriously, would you own a business and allow yourself to keep making stupid mistakes again and again? I think not. Forex trading is ...

A Trader's Philosophy: Finding Success in Losing Trades

That's your opinion, but I think that attempting to prevent a repeat mistake from happening is highly beneficial. The mistakes can vary in degrees of complexity, as I did not specify the types of mistakes because we all make different mistakes, and ...

A Trader's Philosophy: Finding Success in Losing Trades

Mistakes happen even if you follow a system religiously! — Following a system religiously, which you never break its rules, meaning: you never make a "mistake" with the system, can be hazordous, and perhaps the system itself is the mistake. ...

A Trader's Philosophy: Finding Success in Losing Trades

You are correct, not always is it a mistake upon the trader's side. But more often than not, I think most trader's agree that a loss amongst trading is due to human error (greed, fear, trade setups, etc. etc.).

A Trader's Philosophy: Finding Success in Losing Trades

precisely — Well said as well.

A Trader's Philosophy: Finding Success in Losing Trades

Thanks for all the posts and discussions going on here guys. I'll try to respond to some of them tomorrow.

Gone with the wind - We are Weathermen

Here's my version of keeping it simple — The image below is of the EUR/USD on a weekly time frame. The main inicators I use is simple lines (trend lines). As you can see below, I change the the lines as necessary. The blue lines represent a ...

Gone with the wind - We are Weathermen

You are correct, flying blind would be very dangerous. My dad actually flew commercially for Northwest, and a few other airlines for a 16 year career. Unfortunately, he wasn't able to hold his first class medical to continue flying, which ended his ...

Gone with the wind - We are Weathermen

Simple — "Everything should be made as simple as possible, but not simpler." Albert Einstein. Simply Genius. Why make everything hard and difficult. I mean, trading in its most simplistic terms is either a win or a loss, a profit or not. The ...

Gone with the wind - We are Weathermen

I hit the money! — image Here is what it looks like now (2 hours later), and I made about $2,800 profit, or about 75 points on a 20 hour hold! (demo trade) image Also, thanks for the tips and input along the way as I was doing this trade ...

james16 Chart Thread

Update on last nights entry! — Here's an updated chart of my trade. I'm going short and it's a 4 hour view. Let me know what you guys think. Did I do good, would you guys do the trade on this type of setup, or based off of what my chart shows? ...

james16 Chart Thread

Thanks — Thanks Pinbar! And yeah, I'm glad I found this thread

james16 Chart Thread