Money management does make a difference, that is very true. However, too many times I read books, articles and opinions stating that the difference maker is the money management etc but failing to stress the importance of a reliable system that does ...

Risk Management..let's get something going here....

Basically you've never had two or more consecutive losers. Congratulations for setting up such a reliable and solid strategy.

Money Management

You must have a very reliable system to risk that much per trade. What has your max drawdown been so far?

Money Management

Total of 10% on all trades? Are you out of your mind? I dont mean to be disrespectful, but if you want to be a professional trader you SHOULD NEVER HAVE 10% OF YOUR EQUITY AT STAKE! I risk 1.5% of my capital per trade, which winds up to be a lot ...

Money Management

I have been reading so many articles about the US going broke over the last 10-15 years. If the US go broke, then EVERYONE ELSE in the world goes broke. Hence, the US won't go broke. Screw the economics and financials. There are other things other ...

So, how long have we got to trade Forex...?

I wrote a broad review on IFX Commerce in one of my threads. Look up my profile and search for threads started by Italian Sharp.

Info on 2 brokers needed!

You guys should be aware that most brokers shift to manual execution during news volatility. It is pretty obvious that such important news as NFP create a lot of havoc in the market with prices spiking, retracing, re-spiking and so forth... there is ...

trading during NFP

Either this thread doesn't raise any interest or nobody in the forum has a specific answer to provide. After doing some research, I came to the conclusion that there can't be a detailed rule of thumb about trading under news. EU and UK data ...

European News vs US News

If you open 5 minicontracts per pair with a 40pip stop loss, worst case of scenario you end up losing: 40pips (max stop) * 6 (# of traded pairs) * 2 (assuming max consecutive losses on each pair is 2) = 480pips * 5 contracts = $2,400 (+ or - ...

Money Management exercise

Thanks I appreciate it.

Who has become rich trading forex?

I was referring to mini-contracts of $10,000 each. Sorry, I should have specified it in my earlier post.

Who has become rich trading forex?

I agree. I bought the same book a month ago, I read it in a matter of a couple days. Very interesting stuff indeed, clear and bried explanations with lots of charts and examples. The concepts treated in the book are pretty heavy to digest for those ...

Japanese Candlestick Charting Techniques - Steve Nison

What's your objective? — FOREX and trading in general should be treated and perceived just like any other business. I know a few traders who make a really good living out of it. Why shouldn't it be possible? You asked whether there are some ...

Who has become rich trading forex?

what you mentioned above sounds very interesting. the only problem i see in such a strategy is HOW DO YOU KNOW WHEN TO CLOSE LONG/SHORT POSITIONS? such a strategy would be ideal if you knew the exact points where the market finally will be taking a ...

Let a trade develop?

Correlation and risk — When I first started trading FOREX my first thought was to do as many pairs as possible in order to maximize # of pips and make more money. I began trading EURUSD, GBPUSD, USDJPY, USDCAD and EURJPY. 5 pair for a newbie ...

Favorite pairs. Why? How many?

Size of trailing stop depends on the timeframe you work with. Are you a position trader, swing trader, daytrader or scalper? If you bought YEN last week, then you must be a swing trader at the least. 20 pips is nothing for a swing trader. What is ...

Trailing stops

Thanks, yes I lived in the States for 4 years...went to college there, then moved to other places around Europe and now I am finally back to Italy... HOME SWEET HOME...

*** Question to all those who trade UNDER NEWS ***

You couldnt have said it better.

*** Question to all those who trade UNDER NEWS ***

No way, my broker is just fine! I can place orders anytime I want to, its just my personal trading rules that dont allow me to trade 30 mins prior to and 30 mins after the news. Clear now?

*** Question to all those who trade UNDER NEWS ***