Actually, "anti-hedging" is nothing more than getting out of a bad trade and getting back in later, which presumably will be in the initial direction again. You think the market (stocks or currency) is going up, but it goes down. So you cut your ...

Jacko's Forex House of Pleasure and Pain

And that is why I base my opinion on the actions of Jacko over the last several years rather than a desire to see only good or the need to see only bad. I may be wrong...or I may be right. The reality is, in the big scheme of things, neither ...

Jacko's Forex House of Pleasure and Pain

Everyone has their own opinions about this mess, so I thought I would share mine: Jacko said he did not have that many years experience trading currency, although he had many years trading futures. A friend of mine subscribed to his $700 service and ...

Jacko's Forex House of Pleasure and Pain

I would wait a little bit longer...two months out of the last 8 years might not give an accurate representation of your "no pressure/no risk" system. Besides, doubling an account in a month really isn't that extrordinary....it has to truely be "no ...

Another reason why 99% of traders fail

Perhaps you misunderstood...I think where Troikaone1 was going was that winning %, MM, etc. doesn't mean anything unless you are making money in a timely manner. If it takes you 2 years to double $1500 twice, then you DO need to do something ...

What is a 'Good' percentage for winning trades?

My idea of a "good" percentage.. — For short term trading, something over 90%.... Just my opinion.

What is a 'Good' percentage for winning trades?

Good job, sounds like you have it down. But a lot of people can't handle a drawdown of 100-300 pips (which would be somewhat normal holding trades for a month or more, I would think), so they either have to trade mini or micro lots or come up with a ...

Don't play games with demo accounts

The stock exchanges are more than happy to supply real-time quotes, but you have to pay for them. Thus the free quotes the exchanges supply are delayed 20 minutes....sort of a marketing ploy to get you to buy real time quotes and to keep those that ...

Don't play games with demo accounts

Better not have to test too many strategies, or you'll need to get a second job so you can pay to find out which ones work and which ones don't!! BTW, most brokers limit demo time to control broadband usage. But some, like GFT, will give you a ...

Don't play games with demo accounts

You are an extraordinary trader, being able to make those kind of pips without ever using a demo or backtesting a strategy, but you must realize that everyone will not be a prodigy like you, so recommending they jump in live without knowing anything ...

Don't play games with demo accounts

A great opportunity — A demo account in currency trading is a great opportunity to learn your craft. It is real time and pretty much exactly like the real thing (unlike stock trading demos that have the required 20 minute minimum price ...

Don't play games with demo accounts

If you are not really using your eyes to spot anything but round numbers, couldn't an EA be written to do that? I don't trade EAs, but it seems like if all parameters (entry/exit) are always the same at round numbers, it would be easy enough to ...

Beat brokers at their own game - trading round figures

ForexTester.com is software that you purchase, but you can download a demo to see if it suits your needs.

Live Trading on Historical data

A Beginner's Guide to Short Term Trading by Toni Turner. A very simplistic book on trading stocks and technical analysis. Well written and easy to read.

Best forex and/or trading book you have ever read?

Wow, trading roughly 2500 full sized lots at a time.....impressive! That's $25,000.00 (USD) per pip....and to think that 2 years ago you weren't even able to make $1000 per month with a $50K account. Now you catch a good 200 pip move and you've made ...

Is it possible to make 2% in month with 50k

Tough Love — Isn't this a little exaggerated? There are many traders using the daily charts that may only get 2 trades/week.....so after a little over 96 years of being profitable, you "start to enter that blessed kingdom of long term ...

What is your edge?

My "edge"...or "method"...or "system"...or whatever you want to call it — I accept that challenge!! I can show you that predicting 10 pip moves (not including spread) is very doable. Naturally, some periodically ...

What is your edge?

Additional Broker — Most frustrating lately has been having to find a good broker that still offers 400:1 margin to US citizens since laws here have been enacted to save traders from themselves....

biggest frustration or obstacle you have faced so far?

I understand how different timerames have different goals, but 100 pips profit is 100 pips profit no mater what chart you used to decide to enter the trade. My mindset is just that you won't go broke taking a profit. But even though I would ...

Moving SL to BE is very wrong/noobish

I trade short term with (normally) a 10 pip profit target and one thing I can't get my mind around: several people on this and the other SL at BE threads talk about being 30, 50 100, even 150 pips in profit and moving stops to break even......and ...

Moving SL to BE is very wrong/noobish