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He was mostly reading all these forums and believing all the BS thinking it's easier than it actually is. Then a slick broker told how much he was going to make, forget about the losses, they only happen to everyone else.

You could always ask 100 traders on some forum such as forexfactory, myfxbook, how many are profitable and how many aren't. The key to this would be truth and not ego. However I think the number be around 95% 98% are unsuccessful. Yrs ago i remember reading some analysis which stated 98%...

Very true, most people i know who trade FX don't use anymore leverage than 50:1. Even that they consider high.

How long have you been trying to trade FX?

Why choose one of the most difficult markets to trade? Are you consistently making profits?

I personally think you are mad trading FX. Can have a small % of your portfolio allocated to it, but it should never be the one and only. Too many scammers, data issues, clearing issues, dodgy brokers especially MT4. Have a close friend who owns a FX company in Singapore, would say he is one...

The most important thing is to make sure the “master” is actually a MASTER and that you can actually replicate what he does (good trading like fine art is systematic and a collection of techniques) and after you learn what he does then you must learn WHY he does it. Too many of these guys out...

You can answer all these questions yourself. Its called a Trade Plan. Do something different and put some work into researching YOUR trade plan. Otherwise just use google and end up like the other 99% who fail.

I think is more important to put the hard work in and develop your own method. The problem is, when there are so many different methods when you are learning it's natural to try them all looking for something that fits your personality and style. We have all been there, its part of the journey...

Flat at 2135.75.

So true Handle. Consistency is the key. Consistent 2 point per day is like winning lotto to me. Update on my short. Taking 1 contract at t1 2137.50 , stop moved to 38.50 T2 moved lower to 34.75

Today ES entry Globex. 1 unit= 2 contracts only. Usually bigger position.

I trade the ES mostly with the occasional CL, GC, ZB, NQ,YM, and some Dax, but have moved away from it recently. My average daily ES return is 2.2 points perday , per contract. On the ES in Globex i trade 10 contracts, RTH session 4 contracts. Most of my trading is done during Globex. Which is...

Much the same. FX is a small part of my portfolio. Nevertheless, i like to find those bigger trends from the daily zones.

Perhaps you can ask Doggyfx about Holy Grails since it was him who tried to twist a valid trade setup into some Holy Grail crook of shit. There is NO holy grail in trading or life actually.

I thought the trade had merit , its not over yet, That zone is so important if AUDNZD gets near it, its a good area to trade from. @doggyfx, I'm not in the habit of posting rubbish trades or any trades , nor selling holy grails. I think your post was completely out of context.

It never got to my entry. Nevertheless it has moved 400 pips higher since i posted the alert.

Best trade in FX is buying AUDNZD on weakness, . Trade the lows, and calculate your position size as if you have a stop 100 pips lower that parity, every move into profit , take profit, if it goes against you buy more as your risk strategy allows. Around parity load up on AUD. Have done this...

Present market is looking short for indices, ZB bonds are positive, gold has resistance @1349/50 and CL is the weakest 47.50, could get a sell around 48.00. Dax second weakest market. Upper sell zones 9581, 9593.5, and 9600 area, Current support lays at 9550 down to 9500.

Took another using a sell stop.