again, he is not asking what a pro trader tells his investor, he is asking what they take home to their house to pay their bills. i said i agreed with you on the ROI aspect, when talking to investors and looking at your trading records. but you cant ...

What do you think Professional Forex traders Make?

i could use that right now. saving up for a condo so i've been living off of ramen and doritos lol. i could go for a nice steak.

What do you think Professional Forex traders Make?

the only thing that can come close to be considered a "holy grail" is experience. that is the only way to get rich in FX. and that's it.

Do you still believe in the perfect trading system?

swords have edges....see? and instead of pull the trigger at the right time, you could say thrust the sword at the right time. anything can be translated into a sword analogy, or better yet, a lightsaber analogy.

Trading Clichés

or it could just mean that they aren't concerned by it. scalping may not mean anything to them because they dont care. if they do give you a number and dont have any rules against scalping, that's just the guy on the phone's personal opinion. if he ...

Is take profit at 10 pips considered scalping?

ummmmmm let me guess, more than five years of experience right? you make "X" amount of pips a month - guaranteed! i'm sorry but some of your "facts" are really specifics applied to a very subjective and general term. not every pro trader waits and ...

What do you think Professional Forex traders Make?

as is that phrase and the one saying that phrase is a cliche is a cliche and so on and so on and etc. anything involving the number 95 i consider a cliche. trying to speculate on something that cant possibly be measured is freaking retarded (not ...

Trading Clichés

probably the biggest cliche out there: 95%

Trading Clichés

yep. technically speaking, any trade less than 24 hours long is a scalp in forex. usually meant to be a trade that begins or ends within a trading session i.e. a trade taken after the US open and closed before the US close. most legitimate brokers ...

Is take profit at 10 pips considered scalping?

i know what you mean. i was offered an internship at a bank by someone sort of high up, but got shot down by her boss for a ton of reasons, one of which was the fact that i didn't have an ivy degree. it didn't matter that i had trading experience or ...

Does going to an Ivy League help you become a good trader

LOL i was about to call major BS on you right there lol. it does NOT become easier, quite the opposite and it's not because of the amount of money either. it's mainly because instead of trading your own money, you are most likely trading other ...

What do you think Professional Forex traders Make?

that's interesting because i know for a fact that banks (or at least deustche bank) take all their new recruits from ivy league schools. mainly yale because it's closer to the NY branch, but they also get them from brown, columbia, and harvard. idk ...

Does going to an Ivy League help you become a good trader

while investing in a healthy charity that applies to the family of vanity obsessed travelers? education?

Where do all your forex profits go to?

they dont give out WHO is in the market, just plain volume like 350 mil long 700 mil short etc. and thats about it. i know you can get it because the company work for was in talks with a bank about it. but it was gonna cost us a pretty penny.

Naked S/R intent trading

you CAN get real volume from a large bank or broker, but you have to be an institutional type trader and be willing to fork out forty-fifty grand a year for it. just saying.

Naked S/R intent trading

huh. that's interesting. i've heard of quant but never really got into it. it's funny, a guy i work with has been doing something really similar to that. he's using this thing called Benford's law (i think) which looks at the first digit of a number ...

Trading Room; 1KT

i use em because i would rather be safe than sorry. of course, i do get stopped out, but i take it as an acceptable risk over those times when i'm away from the pc or some bank drops a couple millions. i'm not one of those guys who will say you have ...

Trading Room; 1KT

i personally think all support and resistance as more than zones than definite lines or levels. it's sort of ludicrous to think that a price will move up to one specific price multiple times. but i will make a zone around that price. same thing with ...

Trading Room; 1KT

more like broken hip! lol i'm kidding. i just never got into the whole nickname thing. i use my little "nicknames" as a simple way to abbreviate something in everyday conversation. i'm just lazy i guess ha

Trading Room; 1KT

it absolutely is. if it wasn't everyone would be doing it or we would at least hear about people developing this super cool new trading algorithm that everyone wants to buy. but they aren't. i'm not saying it cant one day be efficient and reliable, ...

Computers to replace Traders