Not Trading related, but I consider an excellent book on gaming mathematics and probabilities. Regards, Nader

Trading Prerequisites - Doing it Right

Given a single trade, the risk is practically the same despite the difference in leverage, 1:1 and 6:1. Comparing the risk of 1 trade with 3 others might not really be that accurate. It goes back to what you level are you looking at. If you are ...

Twelve widely believed forex myths

Correction!!! MM is not going to change the expectancy of the strategy, it will just alter the cumulative sum of profits and losses and thus might lead the strategy to yield either smaller losses or even in rare cases profits. The expectancy of the ...

Twelve widely believed forex myths

Just to add to what everyone mentioned, professional market data terminals like Thomson Reuters Eikon and Bloomberg Anywhere are only targeting institutions, not even wealthy retail let alone retail forex traders. With such terminals, huge amounts ...

Bloomberg Launchpad

Ya sure. A very popular method to gauge the end of a specific trend on an indicator, examples include stoch, RSI, MACD, etc...But can include others as well. Best Regards, Nader

Trendlines with Stochastics

Agreed, but that's why computers and programs are for To minimize the human effort not to replace it... Best Regards, Nader

How to find the right trending stocks?

Doesn't have to be. Doesn't have to be as well. Price mentioned is static in most of the cases, which means that when hit, it's hit on all possible time frames. You can't have the same price being hit once on 5 min charts while being hit twice on 15 ...

What Would You Consider Major Support and Resistance

Try using a filter to qualify good valid breakouts from fake ones. It was already mentioned to take breakouts in the direction of the trend. That's a filter in it's own that can be used to eliminate fake or bad breakouts. Still you can research ...

Box trading, how to avoid fake breakouts?

I have seen consistent 50% compounded annual returns. However, this doesn't come alone!!! It comes with a maximum drawdown from peak to trough of approximately 55%. Best Regards, Nader

Annual Returns

If you are talking about the DOW Industrials on page 13 of the document, then yes, you are right. The Mini-Dow minimum tick is 1 point and not 0.5 points as mentioned in the document. The cash index minimum tick is 0.01. You can also double check it ...

Futures Tick Sizes

I would recommend InteractiveBrokers as well. I have been trading with them for 4 years now and overall, they are very good. Despite the fact that the minimum balance is $10,000 (It was only $2,000 back in 2006 when I started trading with them), but ...

Broker w/ stocks & commodities/etc's CFDs with no min commission?

A lot of solution were offered already. I would prefer you try a technical scanner, as long as you are not concerned about fundamentals. url offers a very good technical scanner, however, you can't really scan the market according to your own ...

How to find the right trending stocks?

I assume that's what it means. You can't sell unless you already own the shares, which means, no short selling. Best Regards, Nader

does this mean i can't short?

In fact, I have to agree. If we are talking about MM as being the position sizing determination technique, then surely it has nothing to do with the edge. The edge is actually determined before and MM is then applied next. The application of a ...

Money Management - the art of the exit

That's what's called an entry with edge and that's a little bit rare to find Regards, Nader

Money Management - the art of the exit

China is considered the second largest economy when talking on a country level. It's not fair to compare China to the Eurozone unless you are talking a single currency basis. In the Eurozone, we are talking Germany, France & Netherlands among others ...

The PDF useful sources thread

It's a little bit different to apply the Kelly criterion to trading rather than gambling. The formula itself is accurate when it comes to gambling, because the probability of winning as well as losing is well know with precision. However, this is ...

Maxmizing Your Returns

Well, that's the forex market. There is no Time and Sales information available because the market is basically an OTC market with no regular centralized exchange hosting the trades. T&S data can only be available for currency futures traded on ...

Market depth - DOM and T&S trading?

By T&S you mean Time and Sales, is that right?

Market depth - DOM and T&S trading?

Sorry to hear about your loss. I have always been a gambling fan, no addiction though or regular play. In fact I studied gambling and found a lot of connections between leveraged markets, like forex, options, futures, etc... and ...

The Art of Forex