Wasn't, was referring to coastal's "please continue to name millions that have been successful in this market..." I think assuming "vast numbers" of successes is a bad idea, lol. It understates the challenges. As for "Millionare Traders" tho, I ...

Are there any long term successful Forex investors

So pattern adherence then. You increase your risk % when you're trading a pair with historical patterns that match your system, decrease on the inverse.

Diversify risk based on each currencies performance

I love risk management and position sizing strategies. The question here would be how do you rate performance? By trend persistency, volatility, range size, adherence to particular indicators, your past performance on the pair, how? I already ...

Diversify risk based on each currencies performance

Nod. You can undercapitalize by risking too much of your account per trade. This reduces your ability to withstand periods of drawdown and reduces your ability to recover from losses. Ie: With a $500 account and 1% equity that's only a $5 per trade ...

So you want to make x% a day...

I doubt there are "millions" that have "made it big" in Forex. Trading isn't for everyone. Just as there aren't millions that have made it big trading stocks, options, futures, or anything else.

Are there any long term successful Forex investors

If you ran a multi-million dollar fund (which involved currency trading in some way) why... why oh why, would you invite the curse of the media upon your family and friends? Just keep low key, never talk numbers, never brag about anything, just stay ...

Are there any long term successful Forex investors

Laff... can't be bothered to Google? Here's one: url Just one example. Keep in mind that most profitable traders prefer to say out of the limelight, so you won't hear them on the news or on a business cover. They sit in the shadows trading and ...

Are there any long term successful Forex investors

Ohh, oh sure there are. Grab some of Jack Schwager's books. I think ppl who are successful in currencies trend to break out into other markets as well, so you have to define the start and not the end. But there are probably some pit traders who ...

Are there any long term successful Forex investors

What's even cooler is that it actually works. Accountability is more important than experience, it's when you have neither that things fall apart.

EURUSD

George Soros was big on over-leveraging, hence his problem. How long term are you talking? Currencies travel in cycles, so over the long enough time frame the ROI of a currency is a negative due to transaction costs. But you can take trades periods ...

Are there any long term successful Forex investors

Nod, that's always true tho. My stops are in the right places, At the very least I'll come out ahead.

When do dollar bears become dollar bulls?

Long term I'm still short. BoE talks of easing rates, very strong resistance @ 2.000.

Cable Update (GBPUSD)

My coinflip: ECB is tightening, Fed is easing. Ascending triangle trendline has remained intact, upper bound is broken and losing strength. I'll say EURUSD long, just tighten SLs to B/E if it rockets off... lol.

EURUSD

I think Yen is in temporary trouble (and was long USDJPY until the retrace) and the Swissie is about what the rest of Europe is. I think the dollar was underpriced and now we're seeing things balance out before going where-ever. I wouldn't trade on ...

When do dollar bears become dollar bulls?

Fundamentals always need a catalyst, which makes them impossible to time. Read "Market Wizards" and "The New Market Wizards" and you'll see what I mean. A lot of stories abound like this, and why trying to pick bottoms doesn't work. Just wait for ...

When do dollar bears become dollar bulls?

Trading the news spike directly... yes. But there are other ways .

Help on News needed

We have water problems because towns have sprung up in arid places. It's hard to sustain desert cities without piping in a lot of water, but if we invest in desalination we could fix that problem. Here in the midwest we have a lot of land that's no ...

Sweet, sweet Oil

Or we could go nuclear for source and power our cars on H2. Most of this is just dollar inflation. Take a looksie at the USD index and how it matches with oil and gas futures.

Sweet, sweet Oil

Unless you're trading against a bucket shop, the bank isn't the counter party in your transactions. It may aggregate trades, but it always places the net to the interbank market. The bank makes it's money off spreads, slippage, coattails (not ...

If I win 10 million a day

Laff, yet at this moment the pound is dropping like a rock... right after bouncing off my 365 SMA. Technicals rule, fundies just drool. =)

Cable Update (GBPUSD)