hi MadLu, I had a short look at it and it seems like a scam to me. This is the thing with retail FX trading, that there is just too many scammers around. If you've been around for a while you can recognize it quite easily, but it gets worse if you ...

Just a bit of advice, for anyone, for free

hi Limzy, I already recommended some books in this thread. Here is my reply to one of the FF members who contacted me about the books, it should cover pretty much all. ------------------------------------------------------------------- These are the ...

Just a bit of advice, for anyone, for free

That's a fair point Copernicus, it's all about finding your own "thing". And I am sure that as an EA developer and a guy who is into automatic systems / models you need to work extremely hard to make it really works and find these hard combinations ...

Just a bit of advice, for anyone, for free

Thanks for your thoughts hanover. I absolutely agree with everything you said - I will just add some points to your post if you don't mind, also for the others. I used to belong in the camp of mechanical systems, especially at the start of my ...

Just a bit of advice, for anyone, for free

It depends on how you read fundamentals and how you use it in your trading (on top of other several factors!) to make money. That gives you an edge with enough experience. I didn't mean fundamentals in terms of "read what Bloomberg / CNBC articles ...

Just a bit of advice, for anyone, for free

Be more open-minded and don't make fun of people using different style than yourself, at least not in this thread

Just a bit of advice, for anyone, for free

Squeezy market is a market where people get washed out both directions pretty much. Especially happens when there is a big consensus on the market and participants are positioned in the same direction. It's usually the moment when a lot of ...

Just a bit of advice, for anyone, for free

That's a fair point Atokys. I just believe I would be a better filter by applying discretion / experience to decide the right market conditions for a given system and when to turn it on. At least that would be the way I would go for if I was ever ...

Just a bit of advice, for anyone, for free

thanks sir!!

Just a bit of advice, for anyone, for free

I look a lot at many different things apart from charts. But regarding charts only, I look a lot at daily and weekly candle charts to get the sense of direction, trend, big levels, how over-extended the move is, price action / candles. From that I ...

Just a bit of advice, for anyone, for free

When they say that, in 90% of the cases it's just their research person / strategist sending out recommendation to clients to do that trade. Don't know many risk takers on the buy side / sell side who would listen much to their strategist / ...

Is anyone here an institutional trader?

Tony, keep your head up. There are more important things in life than money, and I really mean it. This would be my advice: 1. Think about my post above and consider all the other options around you 2. If you stick to trading, it's good, just ...

Honestly frustrated with trading forex

exactly that's what I tell my friends who ask me about trading. It worked for me and I make a living doing it, but it was 10 years of very hard work. Plus if you know that 9 of 10 people you met during that journey gave up on the way, why would you ...

Honestly frustrated with trading forex

very well written and very true

Honestly frustrated with trading forex

hi skenobi, mostly agree but not with everything. Of course prop shops or retail (if you consider them a buy-side) do a lot of short-term intraday trading. But I am quite confident you wouldn't find a guy doing day trading in one of the big real ...

Is anyone here an institutional trader?

7% a month consistently is a very aggressive target. If you start with 10,000, you should have 34,000,000 in 10 years. I wonder why I don't see so many millionaires around here then. Yes, my experience, have been around for a while, have seen so ...

Is anyone here an institutional trader?

hi Copernicus, thanks for your input, this is also my reply to Atokys which I promised before. Basically I am not against mechanical / automated systems. It's just the fact that I believe that a seasoned experienced trader who works hard, is patient ...

Just a bit of advice, for anyone, for free

hi h96, thanks for your input and especially the link you sent - it's a very interesting read. I would like to know the methodology for these calculations though, and how they got the numbers, i.e. if it is some hard data from institutions' systems ...

Just a bit of advice, for anyone, for free

Thanks buddy, will see what I can do!! haha

Just a bit of advice, for anyone, for free