And why would a successful business such as Oanda risk losing its license just to get that $5k or yours? They're the most transparent "market maker" broker out there, and they have a pretty big client base. They don't need your measly $5k. ...

Thoughts on 50:1 Leverage

50:1 is hardly the problem for anyone. The problem lies in the bigger picture of where this is going. 25:1 may be next (this is already the case for Japan), and then who knows. Before you know it, 10:1 or even 1:1 could be the worldwide rule. That ...

Leverage Reduction: First USA now Japan. Who's next?

Very nice and well-written article. Thank you. However I don't agree. I believe that both the trend trader and the contrarian still need proof to act upon. The former needs to see a trend and bet on its continuation, whilst the latter needs to see a ...

Contrarian trading

Fair enough Czech. Also, this was a good point:

Simple Question: Are you profitable?

I disagree with your definition of an "edge". I speak of a long-term edge (ability to win consistently where the trade results have a 0% chance of randomness), you on the other hand speak of a short-term edge. In a chaotic market, one trade or ...

Simple Question: Are you profitable?

Well aren't they the same thing? If you have a long-term statistically significant edge (over all kinds of market conditions), then you are profitable over a changing market environment. By definition, an edge in the forex market needs to be able to ...

Simple Question: Are you profitable?

1. From a pure statistical standpoint, a scalper is up against a higher "house edge" than a swing/position trader. BUT, maths/statistics don't take into account the "readability" of price behavior, a scalper does and uses it to profit REGARDLESS of ...

Thoughts on 50:1 Leverage

He didn't say "they're not connected", he said they're not the same thing, and he is spot on. Contrary to what most think, leverage and actual risk per trade are definitely not the same thing, as in: having higher leverage doesn't necessarily mean ...

Thoughts on 50:1 Leverage

Exactly!

Thoughts on 50:1 Leverage

My sentiments exactly.

Thoughts on 50:1 Leverage

I'm starting to agree. lol

Thoughts on 50:1 Leverage

Good job ignoring the points of my post. Again, I'm not "whining about 50:1 leverage". Most, if not all here, aren't. I'm just concerned about where the hell this seems to be going. 10:1? That doesn't work for me. Want an example of how ...

Thoughts on 50:1 Leverage

If that's what you think leverage is for, then I got one thing to say to you too: Your world is small. Don't project on others your failure to use relatively-high leverage effectively to make good return on investment.

Thoughts on 50:1 Leverage

Personally, 50:1 leverage is very much enough for me (and I'm a scalper). It doesn't bother me. But if it becomes 10:1, or even worse, 1:1, it's bye bye forex for me. It would be such a shame to lose the opportunity to trade such a dynamic market, ...

Thoughts on 50:1 Leverage

All good points Maxsmart. It's a limitation of the trader's personal freedom and potential to accumulate wealth from having an edge in the markets. Personally, any less than 50:1 leverage would start to seriously slow down my performance. It's ...

Thoughts on 50:1 Leverage

If you were a big hedge fund, would you like to admit that you can't/don't do better than the small/average professional retail trader? Is that the image you would want to project to potential investors?

(can) small accounts make a living ?!

Scalper EUR/USD The cash market Oanda

What type of Trader are you?

Good advice.

32 Rules for Traders

In other words, capitalize on something that is happening, not something that you're predicting/guessing will happen.

Under which conditions would your trading fail?

And finally: 33. Do not fear to question any of the cliché trading rules/strategies that you hear religiously chanted everywhere. Many fallacies surround this business; the 95% failure rate is no coincidence.

32 Rules for Traders