another guy selling courses, mentoring and systems. Why isn't he just trading for himself if he is so good? looks like he is very "disciplined" as well: url his risk management skills must be very poor, the key is smoothing the drawdown periods by ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

No I don't know about single real money house or a hedge fund trading currencies in a similar fashion like retail traders. There are traders/PM within a firm who are more into technical analysis than the others, but you wouldn't find anyone scalping ...

Is anyone here an institutional trader?

This is incredible. A little bit of hope for failing traders that there is a way to make money without them working hard and just by following some buy/sell signals, and here we go, 250+ posts in couple hours.

bagXpert's strategy is here

hi landsat, I think there is no clear answer to this, as everyone trades with different style and not everyone has a mechanical "system" for trading (myself included). The same goes with risk management. I can tell you how I manage my risk if you ...

Just a bit of advice, for anyone, for free

hi Atokys, this is an interesting point, I will write more about this during the week when I have more time as it is for a bit longer.

Just a bit of advice, for anyone, for free

Thanks dreamt1me, thanks for your wishes, very well said and no worries your english is good!

Just a bit of advice, for anyone, for free

I understand that the likelihood of blowing up your account is small, but even if you lose 20% of your capital (which is not such a low probability), you need to make 25% to make it back to flat. I would recommend that 0.5%-1% max per trade is much ...

Just a bit of advice, for anyone, for free

This really depends, but there is no general rule for an institutional trader with regards to his/her style or trading horizon. The only thing which matters is whether you can make money or not, doesn't matter how you do it. I personally know many, ...

Is anyone here an institutional trader?

Thank you Xela!

Just a bit of advice, for anyone, for free

hi Waloo, you are welcome. I recommend Market Wizards, The New Market Wizards, The disciplined trader, trading in the zone, trader Vic, trader Vic 2, both Steven Drobny's books, Alchemy of finance from Soros, the Market Maker's edge from Josh ...

Just a bit of advice, for anyone, for free

thanks NT, yeah health can get tricky and doesn't care what age we are, fortunately no cancer in my case. Hopefully your family member wins his fight!

Just a bit of advice, for anyone, for free

hi Kahn88, yes, me and my colleagues trade the news sometimes depending on circumstances - I explained it more closely in my previous post, just maybe read it once again (I might have written some things in a not very easy to understand way). As I ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

hey friend, good to hear from you again yes, the career is luckily moving very well and fast, unfortunately got some unexpected health issues and had to take 2 weeks of sick leave to start the treatment. Hoping it will go well although it is ...

Just a bit of advice, for anyone, for free

Hi NorthTrader, No needs to thanks for that, I was mostly hoping that especially traders with very little experience will read through it and maybe find it useful - on the other hand I can see myself in their shoes at times when threads about RSI ...

Just a bit of advice, for anyone, for free

Kahn88 those are good points, one thing crossed my mind though on which I want to comment: "There is also a misconception that institutional traders do not trade news. No, they do! But their risk is well managed (stop is well put) after carefully ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

666 you misunderstood me with D3000 or EBS. I didn't connect it with retail traders, I was rather referring to the fact that retail brokers can't really move the real / interbank market (which I defined by D3000 or EBS, you also have many other ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

hi guys, Inceptionist provided a decent paper on that. One thing I would mention is the following: It's basicaly what I mentioned regarding "volume power" in my previous post. Retail traders on average trade with very high frequency, let's say (just ...

Does Retail S/D affect the interbank market?

Yes, guys like me know nothing about retail trading. I have been a retail FX trader for 5 years before moving institutional. And yes I was making money and withdrawing money from my FX retail broker Oanda, with no problem. Now I use Interactive ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

hi fxjesus, Retail traders are maximum 5% of the market, would rather say 1-2% (the total turnover of retail is higher than that, but only because of high frequency of trading most retail traders have - which has no impact on its "volume power") ...

Does Retail S/D affect the interbank market?