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Trend reversal "signals" for trade entries surely have to be one of the major causes of account wipe-out in trading. This whole idea will cause you to be repeatedly short in a bull market and long in a bear market. Yet its a popular approach - sentiment indicators consistently show most traders...

First off maybe you might clarify your thinking at as to long entry set-ups. Nobody can reliably pick the beginning of an uptrend. But everyone can reliably pick the beginning of the continuation of an uptrend - this is well known from at least a century ago as the basic advice to "Buy the...

There are no absolute rights and wrongs in trading. Many questions do not have a 100% correct right answer. But for some questions its possible to be 70 or 80 or 90% right and that’s good enough. Where I’m going to with this is that when I say that if a new trader starts trading with real...

I always adjust position size according to the capital risked if my stop-loss is hit - my target for maximum risk is always 2%. I aim for r:r of 1:1.5. So if my capital totals £1,000, my risk is £20 and my potential gain £30. If my capital totals £10,000, my risk is £200, potential gain £300...

I'm not sure that the journalist is right to call Locke's views extremist. They seem honest and very much conforming to Christian principles.

Forex continues trading on some common public holidays, including yesterday, Good Friday.

How weird I thought at first. But the connotations in this article are just the same as those used in the past by anti-semitics. Anyone who believes this stuff will believe anything. And the man who will believe anything is a dangerous thing.

My first response would be "None". But maybe your friend needs some support or guidance through some issue in life?

I'm sorry I have posted so many times there I couldn't highlight particular posts. Strategies I have either used or suggested have varied over the years too. I am tommor at babypips and you will be able to see all my posts from my profile. My core strategy remains to follow D1 trends using the...

I confess I'm only a casual user of ET, I spend most of my forum time at babypips. I almost always end up posting whatever strategy I find useful either for my own current use or as a suggestion to absolute newbies.

I use MA's simply to confirm trends and to allow the strengths of trends on different charts to be compared objectively. If price is above the 20EMA, which is above the 50EMA, I will be seeking buy opportunities. MA's can be used in multiple ways to compare trends: e.g. the number of recent gaps...

If they weren't day-trading they'd have time to think and plan and develop their strategy and follow its rules and keep emotion under control. While the time-frame is not the cause of their losses, it makes them unavoidable. If you like, day-trading for a new trader is like driving a car fast...

Most new traders trade intra-day. Most of them lose money. We're told that most lose heavily within months and leave trading carrying a net loss. Most come in lacking some or all of - knowledge, trading experience, market awareness, discipline, risk management, even a profitable strategy. At...

New traders daytrade because they have strong fears of failing and of losing money. Possibly also of letting significant others down. They believe that daytrading is less risky because you are just using very small positions for very short periods of time and you never hold overnight or across a...

Yes, there are indeed numerous variations on every well known strategy, but the basic strategy for beginners should always be find an obvious well established trend and follow it. What most beginners do is find an obvious well established trend and fade it. Of course, most beginners lose money...

I think you've only got part of the story concerning this technique.

The total cumulative percentage of losing traders is constantly increasing as higher proportions of losing traders cease trading than winning traders who continue. As stated already, the average percentage of active traders who are losing money is 70-80%. There are many ways to succeed in...

I never read forex news. I'm not alone, I follow Al Brooks on this - "Watching to see if the Federal Reserve cuts rates today is a waste of time........ What is key is to see what the market does, not what the Fed does."

The remaining head-ache in forex for me is balancing a rational optimum exit tactic for profitable trades with the desire to run (and pyramid) winners.

I agree, I'm not a scalper but I have always taken in that scalping requires a very large account to make it practical and worthwhile. However, when I advise new traders to stay away from scalping until they are consistently profitable on longer-term time-frames, they tell me that they would...