Turning point for me: nailing down the PATIENCE factor and wait only for perfect set ups. Up until then, I was taking less-than-optimum signals and, of course, my win/loss ratio was being hurt. Patience is very difficult to control as we traders are ...

The turing point in becoming a successful trader

As a general rule of the thumb, avoid August and the second half of December. Most professional traders take their holidays those days.

Months to trade or not to trade Forex?

Spreads with TradeStation are bad. You are better off paying those 100 bucks for the platform and punching the orders in with Oanda. Also, I find the charting very cumbersome, MT4 is way user friendlier and prettier. I tried TS and didnt like much ...

E-Signal or Tradestation?

I have a high-end laptop hooked with a side external 17" monitor, so basically I have 2 x 17" monitor set up. One I use exclusively for the charting platform, and the second one for trading chatrooms and internet browsing. I feel that for my trading ...

Show your workstation!

You guys seen the beast Dell has just released? a 30" TFT screen with a resolution of 2560 x 1600. US$2100, by the way...

Show your workstation!

I agree with Abobtrader that interest differential has been the key factor throughout 2005. Check out the yearly evolution for EURUSD for instance. Ever since January, when the Fed started hiking up the rates (and thus started to widen up the ...

Interest

I wanna throw two side-comment in: 1) Are you saying you entered 25 trades in one single week based on 4H chart set-ups? That is CRAZY! are you sure you are not overtrading? perhaps you might want to be more selective with your entry requirements. ...

Winner vs. Losers (Size) - Could Use Some Advice.

Is anyone a member of Traders International that could drop us some feedback?

5% per day is achievable

WOW at that screenshot. Have we entered a time loop into the 60s or something? Just kidding mate!

Scalping is the doorway to real trading

Yes Nader, I do agree that in some fields it might very well be possible to obtain a valid opinion exclusively off theorical research (such as Einstein and all his mathematics/phisics work). However, there are other fields in which you OUGHT to be ...

Trading vs gambling

I very much agree that first hand experience >>>> theory knowledge, specially when it comes to something as down-to-earth and brutal as trading. That is why I dont pay attention to book writer or market erudites. I only listen to those people who ...

Trading vs gambling

How can you know where, if at all, price will retrace to? there is one principle in trading that says: "trade what it's actually happening, not what you think will happen". That is why I dont trade counter-trend. I only enter upon a confirmed trend ...

GBPUSD

I am in a similar boat. I am gradually moving from short time frames (my average trade used to be 10 to 20 pips) into larger time frames based off the 4H and Daily charts because the ratio between the stop loss and the price target in the very short ...

Scalping is the doorway to real trading

Just a piece of advice: if you think in terms of a set number of pips per day/week (whether it's 3 or 30 pips is irrelevant) you are toast because you'd be forcing yourself to take positions even in days when market conditions dictate that it's ...

The possibility of earning 3 to 5 pips a day

Agreed.

Muskets again…..

Hello Nader, The way I see it is that markets are too complicated and have their own "will" for us to actually understand or foresee when a currency pair is overbought or oversold, let alone an indicator. Why did USDJPY fall 500 pips in a burst? it ...

Over sold/bought ??????

I dont quite buy the idea of oversold/overbought levels. Who is to determine what's overbought oversold? definitely not an indicator, as the market doesnt know or care about them. The market only cares about supply and demand, and as long as we keep ...

Over sold/bought ??????

Hello Mary, I am glad you have risen the poker subject, as I have had a little bit of experience in it. Definitely not anywhere near your expertise, but none the less here it goes: I play poker often with my friends. Once every week or two we gather ...

Trading vs gambling

For the first time ever, I must disagree with Diallist. I do not believe in overstudying nor overtheorizing (if such word exists). I do not believe that one must nail down absolutely every single twist of trading in order to become successful. I do ...

Help@ info overload!

Am I the only one who finds Asian session boring the death?

Best pair to trade after NY close?