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    SMB Capital

    Most of what's taught on trading courses could be picked up for free or much lower cost. But if you're in a desperate hurry to get on with trading its OK to pay someone else to collate all the education you will need and to take it from them in a condensed package. But students should ask...
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    Theoretically, shouldn't any indicator-based or relatively simplistic strategy have no edge at all?

    You are taking an example of a poor tool, used in a poor way for an incorrect purpose, and then extending this to the whole of the tool-box. Indicators are set-up indicators, not entry signallers. At the basic level the simplest chart price pattern is a trend. It remains that the most probable...
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    Eating Healthier

    Thanks for this. Wow, that's a lot of sugar. Reassuring I'm on the right track I think.
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    Eating Healthier

    Good work, and I hope this goes well for you. On one specific point of interest, we hear a lot about the risks of a high sugar diet. What was your sugar consumption like before you changed your regime?
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    Need advice

    You are trying to make your trading much more complicated, as it seems you assume that successful traders use complicated set-ups and strategies, or use some secret knowledge to make a profit. There is no evidence for your conclusions. Keep it simple. The way to make money is to get into a...
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    The Catholics and the Pope now cater to homosexuals?

    Just found the Ignore button. Don't think I've used it before on ET.
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    What are you reading & why?

    I have read a good 20 or so classic trading titles. But reading more and knowing more do not equate in a linear way with profits...... I am now trading less, reading almost nothing, but thinking much much more.
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    Bracket Orders - Could Your Trading Method use them?

    Thank you. Reminded me that this could be a viable solution to my low win rate experiences......
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    How do I get rich from trading?

    But that is not being rich. Saving has its purposes but its outcomes are - 1. your income has not increased 2. your material consumption has decreased
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    How do I get rich from trading?

    All talk about turning a few thousands into millions is just nonsense. We do occasionally hear about people who have done it but that's because they are exceptional and that's newsworthy. But the objective itself is firstly out of reach and secondly unnecessary. Decide what you mean by getting...
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    Can a consistently losing strategy be profitable if I do the opposite of it?

    I am trialling such an "anti-signal" trading system on the forex majors and although it is early days it is showing consistency. The starting point was to use a simplistic trend direction identifier at the close of the last (London) session and take a basket of trades in that direction through...
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    The Catholics and the Pope now cater to homosexuals?

    Hard to respect something I don't believe in in the first place when it cannot abide by its own internal laws.
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    Gambling or investing?

    Its simple really. There are two sorts of gambling but the English vocabulary tries to use the same word for both. The difference has to do with whether skill, knowledge and experience can affect the outcome. So, in roulette or the lottery, there is nothing the player can do which will affect...
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    If you are a day trader with a persistent edge, are you a millionaire yet?

    I get it. This is something I've become more interested in - we're all told early on to make sure we have a positive win rate and a positive r:r. Well maybe you've done some work on getting a net positive return without worrying about these metrics. Are you doing this on forex by any chance...
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    Gambling or investing?

    You really think these gunslingers will succeed as investors?
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    If you are a day trader with a persistent edge, are you a millionaire yet?

    You're assuming a 100% win rate?
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    UK taxation for futures and options trading

    Yes indeed, but I wasn't perhaps clear, I'm talking about spreadbetting, not traded options.
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    UK taxation for futures and options trading

    UK spreadbetting firms and brokers are now required by the regulator to offer only 1:30 leverage on the forex majors, 1:20 on almost everything else. I haven't heard this has pushed any established traders out but its certainly a disincentive to the young guys who come in with 500 quid and an...
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    UK taxation for futures and options trading

    True. When I started trading I just didn't have the capital to trade futures. Would you even recommend starting in futures to any new trader though?
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    UK taxation for futures and options trading

    What do you mean by spreads on options, in this context?
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