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The major risks in forex affect mostly new traders. They arise from the human behaviours of these traders, which in turn are driven by their own negative attitudes towards forex. Traders try to apply simplistic stock trading principles to forex. They are unfamiliar with shorting. They have no...

Well, I agree, making money in the long term is the goal. And also the proof of a strategy. You kicked the thread off reporting a strategy which doesn't display a universal edge. I can only suggest there isn't any way round this, and in the long term it won't matter.

If by trading data you mean price behaviour, isn't trading data the core of TA? Isn't TA simply the pictorialisation of trading data? Sorry, but I take the orthodox view, that analysis is either Technical or Fundamental and that if it isn't either, then it isn't analysis. But I'd be happy to be...

Most price charts display based on bid prices as default. But broker charts are not set up to precisely reflect the broker's quoted bid prices. The charts are just approximate guides rather than precise live recording. If you're trading on a very short time-frame with very tight price tolerance...

A genuine edge based on price movements will work anywhere, but not equally well everywhere at the same time. The forex pairs are not traded by the big banks in the same way. This means for example that EUR/USD trends are short-lived and reverse without warning, while GBP/JPY is known for...

If true, this should be a big warning flag for novice scalpers - whether you will make a profit or not depends on the unvarying benevolence of a broker, not on your skills or knowledge or hours of effort.

Why?

I will be running my regular long-term trend-following trades this year. I use MA's to confirm trend strengths, length and consistency, and award each chart a point or two for the TA features present which I am looking for. My top pairs right now would be - CHF/JPY, 6pts, bullish GBP/NZD, 6pts...

But technical analysis does work. It works very well at defining a bull market, which is just an uptrend. Trend is pattern No.1 in TA. Everyone thinks the significant part of an uptrend is its break-out, and that this is the signal to buy immediately. In fact the powerful part of an uptrend is...

Its not a measured or measurable statistic. sometimes the number is 90%, sometimes 80 or 95 or 97 or 98 or 99. The number doesn't matter - the underlying truth remains - the great majority of new traders will quickly fail.

Yes. They are happy to buy, and happy to pay a higher price than the buyers did on the upleg from point A. This can only be because they expect price to probably rise from Point B. There are many reasons for individual sellers to be selling so its hard to be absolutely certain concerning their...

Buyers are buying.

I suspect you could be right. But the question has to be, why do traders perform so badly? Even a strategy with very modest statistics is capable of producing a decent salary. So if the strategy is not at fault, the trader must be. Human failings are at the root of the problem - greed...

Perhaps scalping only has a reputation for being risky because new traders think it isn't.

No, a true psychopath would have stopped the election even running. Or at least imprisoned the opposition and poisoned his critics and assassinated their supporters and invaded a small neighbouring country to divert attention or appointed himself Prime Minister and set up a puppet as President...

He was not a psychopath. A psychopath would never have been replaced in a democratic election - a psychopath would not have let another democratic election occur. And so we have to come back to Putin.

I know what you're saying. I used to be frustrated chatting with a friend who was a long-term investor and shareholder. He would spend literally days trawling over profit & loss sheets, company statistics and annual reports. Said he never looked at a chart, it was all voodoo and he didn't even...

We've been in a similar situation since 1945 and NATO has shown no significant support for a major European war.

What NATO warmongers?

Fair assessment. Russians are likely to have a pretty negative view of revolutions - its hard to draw a continuous time-line starting from the 1917 revolution to post-Cold War prosperity. A plot and deposition from within the Kremlin is a more likely outcome for Putin.