Thanks Ah, so thats the term I was looking for.

Do you believe tight stop-losses cause losses in the long run?

There will never be a reliable method to know when a trend starts because there is no consensus on what defines a trend. Different people can look at the same 'trend' and point to different places where they think it started and finished, some may ...

Reliable method to know when a "trend" has started?

I would assume the breaking point would be some extreme value like a 10 pip SL for a system that follows the weekly trend. Apart from obvious extremes, adjusting the tightness or wideness of a stoploss often results in a trade-off: - Tighter ...

Do you believe tight stop-losses cause losses in the long run?

I encourage you to read Al Weiss' interview in The New Market Wizards.

Trading Patterns

Thats like asking if a Fisherman eats his own bait.

Do You Know Any Millionaire or Multimillionaire Forex Traders?

No, it doesn't. It only fails if used improperly.

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Occam's razor simply states that one should not explain using a complex theory when a simple one is sufficient. It says nothing of correctness. Back on topic; consider the following statements: 1. It is possible to produce a profitable trading ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Whether or not it is simple or complex, it says nothing of its correctness.

Do You Know Any Millionaire or Multimillionaire Forex Traders?

The conclusion you may draw from that is that success is an incredibly difficult feat. I don't think anyone would disagree. You also misapplied Occam's razor; which states that simpler theories are preferable to complex ones saying nothing of ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Thats a non sequitur. The statement does not disprove the possibility of successful trading.

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Logic tells me that they can and do exist into perpetuity. *EDIT* Of course, that is the nature of trading; To have results that are not centered around a mean but skewed to the positive side.

Do You Know Any Millionaire or Multimillionaire Forex Traders?

'Tight' and 'Wide' are relative terms. I prefer to think that a stoploss is that logically inconsistent within the context of its technical system tends to produce a poor system.

Do you believe tight stop-losses cause losses in the long run?

I don't think we have any disagreement. The very act of participating in a market is already a form of manipulation whether it results in a tidal wave or an insignificant ripple. The question brought up earlier is whether or not directed price ...

Is anyone here an institutional trader?

Probably very hard because people rarely make personal information public without a good reason. What do you mean by "easier to make it"? *EDIT* I would also like to point out that if your goal involves becoming a millionaire you're better off ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

I mean, I know someone with a million dollar net worth who happens to trade once in awhile. Whats the point of knowing that someone over the internet knows such a person?

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Your point?

Do You Know Any Millionaire or Multimillionaire Forex Traders?

Based on my observation, the people who offer exorbitant trading courses are often not traders themselves and such courses are never worth attending even if offered for free. On the other hand, casual conversation with someone who actually ...

"good traders trade, bad traders teach"

What I mean to say is that anyone with an interest in the market is already manipulating it in a small dollar-weighted way. Also, lets not forget the Hunt Brothers: url

Is anyone here an institutional trader?

Markets are manipulated all the time. Markets are afterall just a manifestation of the collective actions of all its participants. Directed price manipulation rarely has any sustainability and is often a costly endeavour.

Is anyone here an institutional trader?

Know yourself. Trading is not for everyone. Unless you are committed to being the very best you are better off investing in someone else who has this goal. I encourage you to read accounts of successful traders. No matter how far back you go, they ...

Needs some guidance to start trading