Search results

Try to be a contrarian. This rule is often misunderstood by people. It's not a contradiction to "Never catch a falling knife". Let me explain. What this rule means is always be aware of where the surprise will come from. Meaning that if you are in a trend right now, the surprise...

well, different quotes vary with the various liquidity pools of the brokers. it's perfectly normal to have different providers having different quotes and i don't think there is a "correct" one. even on the interbank, when using Reuters and you deal with banks in particular, they will give you...

:) I have a tip for traders that have taken such a beating that they even hate getting up and turning on their screens or putting on their coat and shoes and going to the floor. Watch "American Gangster". Notice how Denzel says "My Maaan!" when he refers to people who he's in business...

how is anyone supposed to learn about the way the market moves if that person doesn't watch the market move...?

youngtrader: if i were you, i wouldn't call "joes" people who trade eurusd and usdjpy... just like somebody else said... stay tuned... and remember: money talks, bullshit walks... so... try and keep quiet and listen to the big boys...

Money Talks, Bullshit Walks (borrowed from Buzzy Schwartz) How right, how never-out-of-fashion! In the markets there will always be the guy who makes money and is afraid of people actually knowing he's got cash (coz he's really got something to lose) and then there's the other guy who...

bingo! you really need to have other activitites as well, or else you're pretty fucked socially speaking

one makes his money in a pasive way, the other loses his money in an active way :)) muhahahaha

i am wasting my time. read the my post once again and if you don't figure out the relevance you have a problem.

I think there is a confusion related to semantics. "Trade succesfully"... Well, this can mean two things: 1) Make a living out of trading . 2) Be profitable at trading. 1) Making a living out of trading requires capital because yes, "it takes money to make money" 2) Being...

i don't see the radical part....

true

if you want to cut down losses, cover them.... has nothing to do with being right or being wrong.

furthermore, losing is terrible any way you put it... cheerios

aren't you supposed to risk a certain amount as a percentage of your account? if so, what difference does leverage make when you are risking 2% of the account on futures, stock or forex? this is getting really old with the FX leverage stuff.... Leverage only helps you because forex deals...

Pattern recognition is a state of mind, not a technique or method.

yeap. compadre cabletrader tells it to the core again! if you're using a trending strategy on 15minute charts chances are that the last month and a half have been real snoozes for you. however, your last month and a half, if you used reversal at S/R techniques on 15minutes would have...

finding a good local (in your country forex broker) is always a good idea. if he's got the same quotes as the great ones (oanda, fxsol, interbank, fxcm) it's a good pick. if you have to settle anything, you settle it in court, in your own country, based on a written contract. taxation again is...

thank you, compadre!

what it means for the broker when it comes to 90% losers among their clients? Simple: "Hey i'll give you 99% credit so you can part with your money faster!" "Hey, i'll let you lose 250$ now, 250$ when you come back next week, and next week, and so on" "Hey, we have advisory services...