Search results

There is a Plan B. Oanda told him what Plan B is. Probably Oanda's T&C's told him what Plan B was before he even started trading. They have never stated its not his money or that it is now their money. Its not a wild item, its perfectly reasonable. Small print is binding even if its small. If...

Because its a fair requirement and its in their T&C's. If this guy didn't like the terms of his contract he should never have signed up, but having signed up he's bound to comply. Instead he has decided he signed up to something which now causes him some inconvenience. He has come over to ET to...

Maybe, maybe not. But in any case, why are some traders so much more distrustful of trends than of some other patterns / chart features / price behaviours?

Possibly simply because their T&C's are like mine - Where bank accounts have been closed we may require a letter from the originating bank stating that the account has been closed and there are no funds owing to the bank. Before we will refund to a new bank account we may require sight of the...

Of all chart TA features, many traders are more afraid of trends than any other. What are they thinking?

What regulations do you believe Oanda have contravened?

Sure. And the firm at no point disputed that its his money, they just need to fulfil their legal obligations, I'm sure it'll all be sorted out soon. If not already.

Some traders say its entry, some say its exit, some say its both entry and exit equally. Well, if you join entry to exit by a line you've got direction, and that's the major factor. People have made good money from bad entries and bad exits but nobody made money being long when prices are...

Nobody can do that. When you reach your profit target get out. Or stay in, if the trend is still good. How come traders are more scared of trends than any other chart formation? Probably because plenty of people have bought into a trend of rising prices (like dumb-ass buy-and-hold investors...

Keep it simple and have patience. If you're making at least 6% a month consistently which you are, keep doing it. You will double your account capital every year if you don't need to make any withdrawals.

I have tried and used all sorts of strategies and entry patterns and trade systems and the one factor that unified all of their financial outcomes concerns trend. I always made more money when the duration of a position mostly comprised a trend. The nice part about trends as against random...

Keep it simple and have patience. If you're making at least % a month consistently which you are, keep doing it. You will double your account capital every year if you don't need to make any withdrawals.

I never predict, only react. When prices are rising, that's when I buy. But the reality is that trading is that simple. You mock because you can't believe it really is that simple and that therefore I must be a scammer or a loser or a sock puppet. I'm guessing you're invested in the belief that...

You're in the same ghetto-thinking about trading as what you would probably call the scammers. What's really important is to be long when prices are rising and short when they're falling. How you enter and what indicator signals you use and what pattern you wait for and how long are the MA...

True. What were they thinking? Then again, at least there's no such thing as satan, spirits, zombies etc. etc.

Interesting perspective, thanks. I'm not sure there are as many outright scams out there in trading as people make out. Traders love complicated strategies. And when they can't make money they seek a more complicated version. And if they can't buy one they will make one. This is a tendency to...

All well known strategies can be made to work. But for an inexpert trader, wishing to maximise probability of success, they need to select a widely used strategy which is - simple to run uses straightforward TA which is objective, so they don’t have to make lots of judgement calls appropriate...

Probably yes.

Of course you can deposit money into a forex account from almost anywhere with very little obstacles to overcome. The broker is obliged to send withdrawals to their account-holder. All the client needs to do is provide the verification that they are the holder of both accounts. What does forex...

There is no shortage of proven successful strategies out there. In any case, its the users of the strategy who must provide the proof if they allege their strategy is successful. Actually we both agree that an inexpert trader cannot tell a proven strategy from an unproven one. So how much more...