Search results

Maye its just that any mention of a person's skin colour now, even in a self-deprecating and humourous way, is just too sensitive for some tastes. Ah, Xela. The sad part is I was starting to fancy her....... (as we used to say when I was at school)

This is just an expression. I thought it was just a little joke - its a slightly self-mocking saying if anything.

It doesn't matter if you share a profitable system or not. Firstly, most traders who pick up that system will not be able to use it profitably. But more importantly, there are no secret back doors into forex which make money for those who know about them. Knowledge is a strange thing, not like...

Every strategy in trading has been thought of before and some people are using it somewhere. It won't make any difference if you tell everyone you know and even if they then tell everyone they know. All the losing traders (70-80% at any one time) are probably using profitable strategies, they...

Study groups are a great idea. I used to belong to one that met monthly, it was only about 30 miles away from my home. All members were private retail traders. As far as I could tell, none had ever worked in financial services or the markets. I learned a huge amount from three or four of those...

The strategic objective of the Russian invasion has surely always been the partition of Ukraine. This creates a puppet buffer eastern Ukraine between Russia and NATO, plus a non-NATO hostage state in the remaining western Ukraine. If Putin had conquered the whole of the country he would have...

One more on the Novichok list.

The legal system always has the option to not prosecute of course. Event if they do, the judiciary always has the option of imposing a nominal penalty or a suspended penalty. But that doesn't make fighting for another power against a non-enemy power legal. In fact two Ministers have spoken...

UK citizens can probably not be prevented from leaving the UK. UK border checks never include why you're leaving, only why you want to come in. But a Brit enlisting in forces to fight a state that the UK is not at war with commits an offence under the Foreign Enlistment Act 1870. This is still...

If you're thinking of going out there to fight, check out the laws where you are. For UK citizens, enlisting to fight a state that the UK is not at war with is a criminal offence. At least 2 years inside when you come home or if you're extradited home. Consider also the attitude of states you...

The time point at which a crossover occurs has no relation to the price level at that point. This makes them very poor entry signals. On the other hand, most entry signals perform poorly, when traders should really be dissecting the strength of the trend, not the strength of the entry signal...

The problem I have with the belief in deities is where to stop believing. When I chat with people who believe in a conspiracy theory they often have to agree that they have no hard evidence. They assert this only confirms their theory - the absence of evidence is evidence of a cover-up, which...

Find an uptrend, wait for price to pull back, set a buy order at a level above the pull-back but below the trend prices, set a stop-loss below the lowest point of the pull-back. Adjust your position size so that your account capital risked is less than 2%. When the buy order is triggered, close...

Geo-political events are neither good nor bad for the forex trader. We bet on exchange rates, not the inherent value of a specific currency. So if something causes one currency to fall, it has the effect of pushing the exchange rate up against other currencies. As long as you have the ability to...

A few years back people wanted to buy company shares to get the dividend. So the ideal situation would be to be fully invested in stocks and see the share prices keep rising, while the companies pay the share-holders a twice-yearly dividend from their profits. Of course the dividend payments are...

Why not? I have posted somewhere at that time every strategy I've ever been using. Why shouldn't I?

I agree that going short and long are not the same thing in different markets. I don't trade stocks at all, just forex and indices, plus occasionally crude or gold. Stock market indices have an inherent buoyancy and upwards momentum. I never short the indices. But forex pairs have no inherent...

I love this. I'm starting right now.

I'm grateful to the contributors but of course none of this will push me to do anything until the chart re-enters my buy set-up. Up until that point all of the posters will claim they are plausibly right, but I'll be the only one who definitely is.

The 90% number came I believe from a study of US day-traders carried out by a large brokers possibly in the mid-90's. This concluded that 90% of US day-traders with accounts with this firm lost 90% of their account capital within 90 days of starting trading. Of course, day-trading exploded into...