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If I'd been using this forum when the thread started I would have posted that in the UK you can use spreadbetting to access the financial markets. Spreadbetting profits are exempt from tax.

The consistency issue is a great riddle of trading. In order to double your account in a year all you need to do is make 6% profit per month. In theory this is possible with a fairly poor technical strategy and an unambitious r:r. It would take strict money management. But the question is not...

It occasionally happens that conventional science in a particular field is forced to revise its beliefs due to new evidence. However, when that happens, the majority of trained and competent scientists go along with the new evidence. This is the nature of science, its not an argument against the...

I'm a private retail trader. Warren Buffet is not and neither are hedge funds. So it'd be surprising if they're doing what I'm doing and doing it in the same way. So why should there be any comparability between our respective performances?

As far as salt intake and blood pressure is concerned, it might be possible to check this relatively easily. For example, in the waiting area to my doctor's surgery is a blood pressure monitor. Anyone can walk in and take their blood pressure and get a printed set of readings. No appointment or...

Good result. The form of name is important. Many people have been refused boarding onto an aircraft because their ticket was in the name John Smith and their passport showed their name was John David Smith. All these regulations are a pain if you don't realise they are there. But they have a...

The brokers I have used here in the UK will only remove funds from the trading account back to the holder of that account, they won't convey them on to any third party even on the client's instructions. In fact, they will only allow a withdrawal to the client's same account he used to make the...

Demo accounts may also be useful as indicators. We all hear about strategies that stop working for no reasons apparent on the individual charts. Its possible that a demo account could be used to pick up these invisible changes in market "condition", particularly if used to run a large number of...

This is correct, the choice of trading style is much more key to your eventual success than the choice of strategy within that style. This is a top-down approach. Unfortunately many traders start with a bottom-up approach, typically selecting the entry signal is their first decision.

Sorry, but I think they're too young for you. (and if they're too young for you then I've got no chance.....)

I might spend half an hour a day on TA Monday-Friday, probably an hour at the weekend. I log the TA features that are characteristic of the set-up onto the spreadsheet, then look at the positive charts in more detail for a potential entry point. This is a top-down approach that definitely keeps...

The 3-day pattern shows a real edge and has a long history. I remember reading about using the 3-day rule in a book on swing trading many years back by Marc Rivalland. I think he credited some of WD Gann's trading tactics as a source. For example, Marc looked for 3 consecutive (or almost...

Time is precious. Wasted time can never be recovered, while wasted effort drains energy and commitment. All my trades are off the D1 chart and entries are order-driven only. I don't need to watch the markets waiting for an opportunity to enter - no trades are opened live, SL's and TP's are...

I trade almost solely from daily charts. All entries are set as buys from breach of a lower daily high in an uptrend or breach of a higher daily low in a downtrend. The stop is often the opposite extreme of the day's range or a multiple of ATR20 if the range is unusually narrow. I'd like to...

Things to look for would include - 1. a strong respected regulator to stop Ponzi-type operators and stop-hunters 2. broker has segregated bank account for client funds 3. negative balance protection so even if you're long EUR/CHF and it crashes 20%, you cannot end up in debt 4. deposit...

Took myself out of the jobs market a few years back. One thing I really miss now is the structure of the week that work imposes. Effectively, I don't have weekends. Although Friday evening still feels different and Saturday morning still feels different and Sunday still feels like a dull waste...

My preference is to add to winners which have already made a gain equivalent to the capital risk. I can then move the SL on the initial trade to b/e so it becomes a free trade, while the second trade has a SL of no greater, so my account capital at risk never increases. But it can happen that...

I never trade without a stop-loss. But the initial trade's SL would not be so close to entry that it triggers which triggers while the TA is still so positive. Alright, maybe occasionally I would be compelled to cut the first trade because of lack of free margin due to other open positions, not...

I read the post. Its factually incorrect and exaggerates the situation, it implies negative motives to a particular racial / cultural group which cannot be verified. But I would not have reported it as therefore racism. I wonder how many other people read it and how many oft hem reported it, or...

In a sense I get it - as nobody goes out and deliberately looks for losers, the idea of adding to losers sounds perversely risky. However, if the TA demanded a new trade at a certain level, why not take it? The market does not know I already entered a trade at a worse price, it doesn't care. So...