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Actually, UK brokers are compelled by their regulator to display the percentages of their clients who are losing money trading through them. I think the same applies in the EU. These numbers are typically 70-80%.

Number of people have posted above that demo is unrealistic as it ignores slippage etc.. This is true enough but only really significant if you're trading very short time-frames. So the failings of demo are a moot point for new traders - you shouldn't be trying to make money scalping at all.

I don't agree - I don't believe that effective strategies lose their effectiveness. I believe that rubbish strategies have runs of good luck, and then the good luck runs out.

The long run is all that counts. I generally post to new traders who want to be professional traders is, if they start with only £1000, it will take 7-8 years. This assumes they have an alternative form of income in the meantime and a consistently profitable strategy from Day 1. They generally...

Its the first option, when price moves forward by whatever the initial stop-loss distance was. At this point Trade 1's stop is moved to Trade 1's entry and Trade 2 is opened with the same stop-loss distance, i.e. the stops of both trades are at the same price level, Trade 1's entry. Same pattern...

No, the stop-loss distance is a multiple of ATR(14) and I adjust position size on every trade to 1% of capital.

It works really well when it works. The idea is to open a new trade of same size and stop-loss distance as soon as the first trade makes break-even (assuming the TA is still just as favourable). Repeat the process when the second trade reaches break-even and so on, moving the stop-losses on...

The only edge my strategy has is the ability to pyramid winners repeatedly, as I use a long-term trend-following approach.

I have to ask - why would you deposit funds with a broker one day and withdraw them the next? I'm not prying, I'm not asking why did you, just why would anyone.

Are you literally talking about buying some foreign currency through a bank and keeping it until you can ask the bank to exchange it back into your own currency? Are do you mean private retail forex trading through a broker?

You've pointed me towards some really methodical analysis. thank you so much. Plenty here to mull over which I have never seen laid out so thoroughly in any trading text.

I go along with this largely - I don't use any off-chart indicators. But how do you yourself use PA to exit at the best price?

What sort of TA features are traders’ favourite signals to exit a winning position? (especially a trend-following trade with no obvious rational target price)

A measure of sentiment can be seen on the websites of some brokers - they display alongside forex charts the percentages of their clients who are long and short on that particular pair. I don't see supporting information - so we don't know how many clients that means, or what level of total...

Its very common to hear lots of people saying forex is risky, forex takes a long time to master, forex is a rigged market. But they never go into detail. It also makes me uncomfortable when the same people say that forex trading involves buying and selling currency. Oh really.....

I understand that a surprising number of jobs in the US require some kind of licence or qualification. I'm talking about barbers and bar-staff here, not lawyers or surgeons. That's not exactly encouraging free employment.

I do pyramid my long-term longs on US indices when all are bullish. I also pyramid long-term trades on forex pairs when their trends are consistent and other pairs with the same currencies provide supporting chart set-ups.

Over a 40-year time period, all stock market crashes are just pull-backs. Over periods of 39 years or less, be long when the market is in an uptrend, be in cash when its not. Exit any share whose price pulls back 10%.

Don't enter forex trading until you are consistently profitable using a defined strategy on a demo account. New traders who fail fall into two groups - those who don't have a well defined consistently profitable strategy, and those who do - but who decide not to follow it.

Do not double down. Do pyramid.