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A strategy should cover all scenarios

My own experience was that good record keeping and persistance pays off. Learning from your mistakes is very very important. My "Scales off the eyes" moment came when I refined my methodology to such an extent that it became almost effortless to trade. I have to say it was a scary moment because...

I totally agree with this statement. Having traded for a number of years, the day the scales fell of my eyes as it were, I felt the same way and trading has been very easy, enjoyable and extremely profitable since then

Best Post I have read on ET...and I have been here for some time...

What is so wrong with being a discretionary trader? How would you describe a trader who has so internalised his "system" that he knows when to buy and sell and so on and so forth without resorting to some computer program? A "system" is just afterall an approximation of a human decision making...

One thing that helped in my evolution to be a consistently profitable trader was to develop a system that gave me a signal way before my actual trigger, sometimes upto 1 hour before. I found that when I did that I could sit, calm myself and wait until the pennies dropped and were ripe for pick up.

Thread doesnt make sense. Why associate Oanda with lack of liquidity? Have u seen their books?

Only 1%...he will lose it all!!! (mind you that is more than all ET'ers are worth)

Yesterday would have been perfect! We were almost there, near panic, fear in the markets, the end of the world...But NO, someone had to come in and buy stocks towards the end. We need pain, extreme pain for us to go up again. Will today be the day?

as we know it. Why does the media always post these pictures of brokers holding their heads and looking clueless? Anyway post your pictures here...

The Bible...It prepares my mind for the challenges of the day like no other book

Try this one http://www.moneyorigin.com

Makes you wonder about these so called experts. Fooled by randomness...

You are being too generous....

What price range are you looking at for your website?

c'mon guys, give the gentleman a break, before a baby walks it has to crawl- we all started somewhere. At least he has a good attitude, you have to give him that. Just learn the ropes and keep the education as inexpensive as possible.

30 Years Old, living in Manchester, England, Trading mostly Forex and occasionally index futures...looking to relocate to USA.

I managed to catch the quick move up @ 10:08 gmt on euro/dollar. I used real tight stops and got out for +18. Too volatile this morning for my liking, the euro ministers seems to be saying one thing and the ECB another.

I really think anybody can be successful at trading as long as they use good money management ie cut they losses short and ride their winners. Its as simple as that. It doesnt matter what techniques you use under the sun like contrarian, trend following even throwing darts to choose what to...

I think where indicators help is in aiding traders visualize whats going on in the market. The ADX for instance will give you confidence that a market is trending or not. But at the end of the day Price action is king.