90% of retail traders lose money as a subset across investment vehicles, when taken through a horizon of at least four consecutive years and longer. This has been studied all over the place, a good one was done iirc, in Brazil about 10 or 15 years ...

why forex is so risky?

This is something that a lot of people don't understand. Plus, with the anonymity of the Internet, lots of people troll to various degree for fun. When they can bait someone into a flame war "for the lulz" as 4Chan is apt to use, that is them ...

Going for it

I funnel my profits into long term stock investments, and setting aside more money for real estate I want to buy once the current housing bubble bursts and prices go down at least 30% once the recession hits full swing after the stock market has its ...

What would you do if you were a profitable trader?

I don't know if you should ever give up, if you have the sincere desire and determination to trade forex. It may take you longer to succeed, but nobody said doing anything well would be easy.

When Should You Give Up On Trading?

Visualization, conceptualization, your mental framework, how you approach each trading day session is very important things to make daily habits around. Why you should only trade when you are happy/positive. There’s always another day to trade ...

Profit and losses journal

The way I trade is part in how I look at things, context is key. To me, the markets move in wave like patterns, just like people move in herds. I don’t care about where it goes, I just want to be able to “surf” the next most likely wave’s ...

Profit and losses journal

Since I do not care about where a pair goes, only that I am positioned to have the most likely percentage of profit, from the statistical outcome and the best probabilistic range, this again is how I limit the variables, and maintain my locus of ...

Profit and losses journal

To circle back to the YOU part, if I open a trade with my favorite pair, EUR/AUD Nowadays I start with at least $500 a trade, so a good setup is one that is within the range of the previous close, depending on if I want to go long/short i.e. buy or ...

Profit and losses journal

Everyone is going to trade a little different, because the YOU that makes up you as a trader, your individual trading psychology is pretty much the most important thing you need to gain control over, before you will ever be consistently profitable. ...

Profit and losses journal

My trading strategy/insight is derived the most, from the fact that I have read literally hundreds of investing and financial books; from personal finance skills/process, to financial independence, retirement strategy and planning, tax rules/laws, ...

Profit and losses journal

Part of why I am brief in posts/content is that I just get tired of writing after spending 40-50+ hours a week at my job doing this lol. I love forex, enjoy talking, and teaching people in person both in jobs/life and with how to trade, so maybe the ...

Profit and losses journal

Just got Edgewonk, so this is what that time period looks like, the data seems off from what actually happened, not sure if there’s settings that are messing with the data from the .crv file I pulled from Oanda. url Still, cool to see it finally ...

Profit and losses journal

May just decide to sit down and build a weekly trading excel file or something. Bummed Oanda took away the trade summary section. I had to sit down and count out all of my trades. “In the chaos of desperation, find the calm of control”. I had a good ...

Profit and losses journal

Focus on each trade. Do one good trade, then wait for the next good setup. Don't be in a rush to over trade too much. Scale in, scale out. Manage your risk. Cut your loses quick, and let your winners run. Don't have directional bias, trade what the ...

Any Advice for a Beginner?

Yeah, I can average a high win rate some months, definitely pays to keep everything in perspective. Focus on each trade, and setup. Do one good trade at a time, then wait and look for the next trade.

Going for it

This is a similar way that I do my price action wave trades.

Inside Bar Maximizer

Just slowly started trading it more and more over the last few years. Think I started trading it in 2019, I like the range, and medium volatility.

Choosing a currency pair

My favorite pair.

EUR/AUD

I have made the most from EUR/AUD over the years.

Choosing a currency pair

As a price action trader, I keep things simple, quick analysis and execution.

Flying Dutchman