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So the joke here is that you actually make over 12x your money not 3x?

I'm in Houston. I'm mainly forex, but I do trade equity options as well.

Obviously the US 1) US GDP is higher than the next four countries combined 2) US is largest producer of energy in the world 3) US exports more agricultural products than any country in the world 4) US has more manufacturing output than the next two countries combined 5) US provides more...

The most ridiculous thread I've ever seen, though I honestly don't read many. "The Expert"? Are you kidding me? And who the hell refers to themselves in the third person except high school drop outs? Good for a laugh though...

You are right, most people probably fail trading due to poor risk management, but risk and reward are also correlated. You probably fail to achieve high returns because you can't overcome your fear of the inevitable loss. Maybe if you understood risk management better you would make more money...

Man you guys are too funny. Yes that is over 100k per year, yes you can make a lot of money, and yes most people fail miserably trying to do it. The people saying you can't just haven't figured it out yet. I have a PhD in environmental engineering, yet I still trade because it is so easy and...

If you're a trader not averaging 300-400 per day on a 50k account then you need to change something. Do not listen to these guys saying anything over 10% per year is unsustainable. Why the *#$% would you trade for 10%? Stick that @#$* in a mutual fund or ETF if that's all you want.

This really doesn't prove anything. For one this company experienced sustained growth over most of this time period. Try the same system on a company that went out of business, or better yet backtest your system on all the US stock data and see how it fares. I'm suspecting not very well. I can...

Sure, maybe if your time frame is years. Otherwise you may be in for a long drawdown if you depend on it.

The Big Mac Index, or PPP for that matter, is used to forecast exchange rates, though rather inaccurately. What sense does it make to use a basket of exchange rates to forecast one?

Come on, at least someone tell me they HAVEN'T had it...

Does anyone else ever have a pink screen come up while in TWS? I still get a data feed, but my trades won't go through until the pink screen clears up. I asked customer service and they said it was my connection but I get the same problem whether at work or home and both connections are high...

I know exactly how you feel, but I'm just not ready to quit my job yet. For one I love my job, but I would be scared as hell too. I lost about 80% of my account twice, just like you. Probably didn't lose it all because I had margin calls. In the beginning I figured I knew everything because I...

This is a good point, and I have to admit I never did try this approach. My line of thinking was that if there seemed to be even a small edge I could do what you suggested to extract a greater one. Maybe I'll look a little further into this though. Thanks.

I don't claim to be an expert on candlesticks, but I did have a candlestick analysis program for my charting software. This program went through over forty patterns and gave you statistics for each on whatever given security/contract you had up. What I came to find out over a few days was that...

I have never been able to get a forex chart using IB. It always says no historical data available at the top of my screen. I trade futures however, and you can get charts for those. To tell the truth I only use IBs charts for the time and sales data. I route the data to my own charting program -...

Today has been a good example so far. Nice spike up about thirty pips ( i only caught 13 though :mad: ), then the market gives it back in minutes. That's why I only hold trades for a few minutes at most.

This is what makes breakout trading difficult for many people. The increase in volatility just prior to an announcement, or immediately after, causes many stops to be taken out. As an example from a few weeks ago, I had a stop sell order that was twenty pips away from the bid. Within a fraction...

Stick with it and you'll see plenty of 100 pip moves. I have no idea what trading platform you have, but my suggestion would be to check out some one minute charts and time and sales data. This will let you get a good feel for how the various news releases fuel movement.

Here is the link for recent currency corrrelations: http://www.mataf.net/en/analysis-correlation.htm Here is the link for basic correlation info: http://www.investopedia.com/articles/forex/05/051905.asp The five day correlation when I wrote the post was 94%, today it is 80%. Look at...