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If your chart settings are set up correctly and you experience a sudden drawdown, the probability of a be opp will usually get there as long as you don't start freaking out.

Very smart young grasshopper. I see you've been doing your homework. Don't forget the 200MA since it is usually a great level to buy/short upon kisses. Good Luck!

I was told from someone on a thread on Forexfactory that due to Dodd Frank, US citizens will not be allowed to trade with Dukascopy anymore. Anyone have any insight into this?

WoW! Very educational read - you really know your stuff. Is Comodo Internet Security / Comodo Firewall similar to the level of online wifi security you were talking about? THX

Disagree -- knowing when to exit is a far more important and evident sign of a skilled trader

Being the computer novice that I am. What are the security advantages to Apple Macs? A few posters have commented that Macs would have been safe during an attack but not PCs ??? :confused:

Easy solution: Use your laptop for your charts and research but call in your trades via cell phone No online banking and the like over WiFi -- why not just pay $50 per month for 3G ??

20-25% return per month is done via 5x leverage and taking 100 pips per week I think this might translate into 10 ES points per week? Sorry, I don't trade futures so I'm not sure if this correlates correctly 5x leverage means that it will take you 20 horrible trades at 100 pip losses to...

There are some people in this world who can grow up in the gutter and be a co-owner of a basketball franchise team There are people who can be born to millionaire parents and wind up as a junkie living in a NYC alley somewhere stealing cat food from Whole Foods For some people, they need...

In order to become a better trader, read strategy books not books on trading strategy. This is only for traders with some years of decent experience and understanding of their own strategy however NOT for newbies. Think Art of War and Book of 5 Rings. For newbies, read Oliver Velez's book...

Because it's so much easier to psychologically handle that small amount of leverage.... I agree with nodoji.... However, that being said I am planning to continue my swing trading in currency and working for the duration of 2011.... I'm really looking forward to my 2012 New Year party...

doublet83 - thanks for the advice and kind comments. I've been trading for about 5 years now and have recently for about 1 year realized that I understand "good" trading a lot better now. dwpeters - your insights and feedback is very very thoughtful and I thank you very much for taking the...

I guess I'm still a bit immature It's so tempting to just go into Boss's office and give him notice of my intent to resign Any good tips on how to tough it out for the rest of this year? I truly know that deep in my heart with about $100K, my entire life will be set from hereon out...

LoL I still have problems loading up my brand-spanking new 8-Track :p

Only when you create your own system with it's own little nicknames for setups will you be able to make incredible amounts of money as a trader Suckers try to trade using others' methods Trading icons create our own techniques

Or maybe I should just keep trading small size and working until I have about $100K saved up Even Bradley Cooper in Limitless only wanted to borrow that amount from the Russian... I guess I'll just trade and work for the remainder of this year! DAMN! 9 more months to go...with 20...

Exactly why I only use 5x leverage on my forex trading account Even a 200 pip loss -- which is a fairly massive move (I guess almost equivalent to a 20 point loss on ES) -- would only cut 10% of my account equity It's all about risk management via small leverage usage

Destined for ruin -- using 5x leverage and an extremely sharp trading edge? Get real dude!! I love how people who can't trade successfully project upon others... Trading is just like anything else -- put in the hard work and add the desire to be the 1% of people who are successful...

Who makes 30% a year as a good trader??? I make 20-30% a month if I use 10x leverage.... But I make around 10-15% only using 5x leverage. IMO if you know what you're doing, you should be able to double your equity per annum. I didn't waste 5 years of my life and become disciplined in...

Likewise. I trade 1 lot forex positions and I'm able to hit around 100 pips every week so the risk is small and reward is fairly decent -- considering the small risk I use.