It matters hugely if they're really a broker, because (unlike the position of a counterparty market-maker, of the type used by many of this forum's members, who mistakenly refer to them as "brokers", perhaps not quite appreciating the significance ...

revenue of an fx broker

"It must be true: I read it at ForexFactory". Apologies for the facetious tone: no rudeness intended but please excuse the observation that the above is honestly one of the very most frighteningly, bizzarely inaccurate statements I've ever ...

5% risk per trade?

This is perhaps true in this context (i.e. in a trading forum). It's one of the classic examples of the kind of issue over which the proportions of those who'd describe themselves as "indicator-traders" and those who don't varies enormously ...

The Secret Indicator?

Since Malcolm Gladwell first produced this "10,000 hours rule" in his book Outliers, it's become very widely quoted and alluded to - with varying degrees of relevance and accuracy - in all sorts of different contexts. Please excuse my mentioning ...

A year and a half experience and still facing difficulties

The three main things on which it depends are ... 1. Whether they're really a broker (someone who executes trades on their clients' behalves in an underlying market) rather than a counterparty market-maker trading against their own clients, and ... ...

revenue of an fx broker

Sadly, this is far from true, I'm afraid. I strongly suspect that the single commonest reason for "home traders" not making any real, long-term income is that they're trying to apply strategies which don't actually have any objective, provable ...

A year and a half experience and still facing difficulties

The Black-Scholes model is simply a (now very much superceded, and not very accurate) model for pricing options, unconnected with normal forex trading. Nobody without postgraduate mathematical qualifications is (or should be) trying to use the ...

Help Me Find New Strategies

Pleased to hear it, and thanks for posting. I do think a 6-pip stop-loss is terribly tight for the GBP/JPY. I'll be honest and admit that I wouldn't try these on GBP/JPY myself at all. I do agree with you that it can be done (profitably) if you're ...

Help Me Find New Strategies

Well, maybe not bitcoin, just at the moment, after yesterday's news? url

What are the market turning points?

No "information" in this post: this is purely a second-hand impression, albeit from a good source. I know nothing about this GBP/NZD pair, myself; but I was reading about it elsewhere, and a very successful hedge-fund trader, whose opinions are ...

What are the market turning points?

There are many significant differences. As so many modern forex-trading books discuss and explain, the advent of automated trading has changed the markets very significantly. Some of the "older, well-established patterns" of trading are simply no ...

Paul Tudor Jones system wannabe

Clearly nobody can win 100% of the time. Beginners and inexperienced traders tend, unfortunately, to be attracted to high win-rate methods of trading, but the reality is that the percentage of winning trades doesn't in itself determine the overall ...

You will never win 100% as retail trader

Absolutely right: trading forums are full of very long threads (many of which have proven profitable for their followers, for a few years), which just "no longer work", after fundamental market changes. Especially in the forex markets. The ...

Paul Tudor Jones system wannabe

I agree with you, for the most part. I do it with good reason for just one of the regular, daily trading-methods I use; the "good reason" is simply that statistically valid back-testing and forward-testing have both proved rather conclusively that ...

Paul Tudor Jones system wannabe

It doesn't necessarily mean that, I think, but it's certainly true that you have to have some losers. Again, I don't think it necessarily means that, but that could be one example of what it refers to. There are some methods of trading in which ...

Paul Tudor Jones system wannabe

Collectively, or for the "average trader" (whoever that is), it is; yes. But just as tends to be true of any activity (such as playing golf) from which a very small minority of people consistently make a very good living, it isn't actually so hard ...

Is trading really that hard?

This page will help you: url

Need the precise time for the forex trading week

Absolutely right. Some of the comments above are just as ill-informed as they are opinionated. "Set and forget" needn't have anything to do with bots, EA's or other forms of automated trading at all. "Set and forget" means that you enter an order to ...

What is a set and forget strategy?

You can usually, effectively, get rid of the central SMA-line, leaving just the upper and lower bands visible, by setting its colour to white (if using a white background) or black (if using a black one), I think? This is how I used to do it, anyway ...

Any Bollinger Band Fans?

Forgive me if this has already been mentioned somewhere above (I haven't read every post in this fine thread ) but there's rather a well-known Joe Ross strategy which, indeed, combines Bollinger Bands with 1-2-3 formations, and it's ...

Any Bollinger Band Fans?