Hello Mr Short. How is the trading these days?

Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders)

This is such a great thread so I just wanted to bump it. Hilarious! It's made a boring day, with no trades, brighter.

Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders)

I quite like using CCI (7) for exits; when it goes above/below 100 /-100, think about quitting, especially if it's sharp. Good for entry confirmations too.

Indicators or price action tools to help with exits

Your trade explorer is 2 days old, you have closed 2 trades and made 100 pips which is an increase of 87% on your balance. What sort of risk are you taking?!?

My H4 Trading Style

I had my SL at +200 pips but chickened out at +230. Arenoosh, you were right!

GBP/AUD - Daily Trading

That's interesting. I have a long going with this at the moment and currently about 300 pips up. Yes I see the bearish divergence, but the bearish blip we had yesterday might have been it as it's in a strong uptrend. I don't think I'll close the ...

GBP/AUD - Daily Trading

Newbies lose because: 1. They think they are something special. It takes everyone else years and years and most never get there, but they think they have it cracked in a few weeks. Everyone is stupid. 2. They have read a few articles, watched a ...

Why do Newbies Lose?

Thanks PipTrapper. On the whole I am happy with what I am doing and the progress I have made this year. I am here because I like because I like the entertainment, the can / can't argument, it's almost irresistible...

How many people are actually making money rather than losing?

All this mashes my head! When I'm done with my demo-ing I might just bow out (Mapleleaf will probably say it's proof I failed lol) but there is some valuable and insightful stuff here - thank you Hanover.

How many people are actually making money rather than losing?

Leebos, thank you. I believe you .

Here's the answer to "Can I make a living from forex"

Ok, if you don't mind gambling it that's cool.

The Monthly Trade

Oops sorry missed that. By setting your target at 1:3 minimum you will get a lot of losers. Have you factored that in? Why the rush to go live and invest your life savings? You've only been at this a few weeks, a few months by January. Ok, you ...

The Monthly Trade

You might find this useful. It calculates what your position size should be based on your risk, stop loss distance and account balance.

The Monthly Trade

Ok, admittedly, that is assuming you are risking 1:1

The Monthly Trade

Starting at $20,000, after 1 loss at 8.3% ($1660) your balance would be $18,340. Doubling your position, you aim for a profit of $3320 which is 16.6% of your original balance, but 18.1% of your new balance. Loss no. 2, your account is down to ...

The Monthly Trade

Yes, you shouldn't be putting all your eggs into 1 basket .

The Monthly Trade

Hello Dr Ezz I don't normally look in trading journals, so this is the first time I've seen your thread. Yes, around 8% a month is very do-able, I think. Now you probably sussed on that I'm not one for over analysing things (hurts my head too ...

The Monthly Trade

Why don't you trade on demo or very small account and get someone you trust to use a trade copier with the size of the account at their discretion? You need not know about it . But you've got to trust them

How to overcome the fear in trading!

Well there's got to be a first time for everyone. That's why I said start small when going live, with money you can afford to lose. You're not going to jump straight into a 100k account from demo are you? To that end, I'd say that forex traders ...

How many people are actually making money rather than losing?

I think what he means is; if say in a disaster you were the only one about with any medical knowledge, then you would just have to get on with it for real, but you would be cacking yourself . It amazes me that so many here write with pretty much ...

How many people are actually making money rather than losing?