Wow, dude, now you officially know the only correct way to trade, anything else besides what you said is a losers game, anyone who trades differently from what you said is a loser. Congrats, mr. The One Who Knows Ultimate Truth! :D
Can DOM scalping in FI or other liquid futures be backtested? Of course not. Does it mean this kind of trading is impossible? Tell this to some FI scalper, make him laugh. :D
Very good points, Riffraff!
That's exactly what most don't understand: trading, any trading is always a bet on unknown outcome. Thinking it isn't simply means one either owns the world (the most important inside information at least) already or just is a person who is not in control of...
It depends. To keep risk in the sane limits (say 1-2% of the account equity) when trading longer-term from daily/weekly charts, you almost don't need leverage anyway, because 100-200 pips stop-loss @ 1:1 leverage would already be equal to 1-2% risk per trade.
As for stock traders, the beauty of many strategies is "set orders and forget it for the day" feature, which would be negated by waiting and only entering limit/stop entries right near the mkt.
With the mobile technologies now anyone with a smartphone and access to broker's order book can...
Yes, my point was more than almost any case with 3rd party involved carries some risks. And risk of companies like Oanda doing something shady is actually not much higher than risk of something shady in the case of trading stocks.
But as Raegan said "trust but verify", so I compare Oanda...
Would be true in my case, because I basically scalp the market and almost always enter/exit with MKT orders, nobody except me and Heaven knows when and where exactly, plus EURUSD is fat enough to not bother too much about someone else to piggyback trades.
But if some successful trader uses...
Theoretically yes. But practically nothing will stop some guy @ brokerage firm who has access to orders of clients to copy trades of highly successful traders through his iPhone on his granny's account on massive size, which can matter pretty much, especially on less liquid markets like some...
True self-control and personal responsibility for everything is something many dream about, but it is very, very emotionally hard in reality.
Guess that's one of the main reasons so many people fail in trading and in running own business.
Unfortunately that's not exactly true. When I started 7 years ago I thought it is much similar to running a business, which I did at that time, turned out it makes me sit almost exactly same hours every day except bank holidays in major countries and weekends.
Everyone who plans to start...
Yes of course it's better be rich and healthy than poor and sick as we say in RU. :D
But it's so funny when people challenge others for not trading huge size and otherwise consider them something not "real". That gives away typical attitude of people who never really achieved anything much at...