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Can you prove yourself? I just got here so I don't know. What are you claiming that you do now? Are you claiming to make millions per year trading? For answers to your other questions, I can tell you that trading will never be my #1 profession.

Still sounds like I'm spinning a roulette wheel. Except at least I can set a stop loss so that I only lose 0.5%.

Because I'm trying to bet on fundamentals? Are you saying I should trade a chart without even knowing or caring what the chart is of?

2/3 of the Republican controlled Senate will not vote to remove him. There are better odds of an asteroid hitting the Earth today.

Then I picked the wrong day to bet on the pound. My usd/chf is now in the positive, btw. But it's all just luck.

Ok. That makes sense. I'm a little tired.

It does matter because currency pairs are so leveraged that 0.5% is practically no movement at all. Most of these are leveraged 20x or more. That might make your strategy impossible for Forex.

By placing less money in the trade? Or by placing a stop loss?

That's all due to the leveraging of currency pairs. It would have been 8.9% of any amount I put there. I can't control the leveraging or volatility of Forex.

144.616 What makes it a solid decision? How can you trust your lines? Are they wrong as often as they're right?

I am not a farmer. It's a random name I made up over a decade ago. Although I would definitely buy a farm if I could make 40%! And if I could hire all labor.

What's your average capital investment per trade?

It is absolutely certain that macroeconomics is what moves the Forex market in the long-term. I will probably make a post about this soon. You can see sharp changes in almost every chart on key dates. Most pairs change drastically around December 2007, the start of the financial crisis. The GBP...

What's your usual timeframe of a trade?

Do you have any helpful advice? Are you successful at this?

REALITY CHECK: If this were real money, I would have lost 8.9% of the $100,000 I bet today. Roughly $8,900 gone just like that in a matter of 6 hours. Although if I had profited $8,900 I would feel like a genius and have a false sense of confidence in my abilities to spin a roulette wheel...

Ok. Maybe such a short-term GUESS isn't a well thought out strategy then. I'm talking about betting that the previous days GBP move was an overreaction. Which leads me to my first problem: I don't know what logical basis to place my trades on. Even if I think something makes sense, it may just...

If you place your winning amount at three times the losing amount, then aren't you three times more likely to lose than you are to win? Can you explain in more detail?

What's the first step in risk management? Is it placing appropriate stops and limits?

That's kind of where I'm at. Trying to see if there's a way to increase odds to above those of roulette. And not really sure how to tell if my correct guesses/intuitions aren't false positives.