Where did you get it back as far as 1989?

Where to get USD historical data

OK, you got me. I can't possibly trade that way. I've tried and lost everytime. If you can, best of luck to you and I admire your abilities. Seriously. I think I have said enough on this thread for now...

Could 10:1 be the new leverage in US Forex?

On a currency pair like EUR/USD I'd typically use 300 - 500 pips as a stop loss. I tend to leave on trades for a few weeks at a time. My trading style is simple and easy and is based on two main beliefs - The beliefs are - 1. There is a lot of ...

Could 10:1 be the new leverage in US Forex?

Haha yeah, they sure do that don't that! They do it here in the UK too, the end result isn't pretty. But you're right about traders not causing the meltdown, and asset bubble combined with financial assets given far higher risk ratings than they ...

Could 10:1 be the new leverage in US Forex?

It took me about 3 years to be consistently profitable. I believe the reason was it took me that long to realise that the market was what it was, take it or leave it, and not what I expected or wanted it to be. When I first started trading I was ...

How long to be profitable?

Thank you, This thread is great.

Andrews Pitchfork (Median Line)

Anything above 30% per year if it's consistent year on year is excellent.

Realistic Account Growth?

Is back testing a waste of time? Well what other option have you got? You either back test it, or you do no testing whatsoever. Doesn't take a genius to see which option is worst.

Back testing...is it a waste of time?

Actually, they're not. Apart from places like Cuba, North Korea and perhaps Libya, China and Turkmenistan and the likes, there a almost no socialist countries left in the world. It's just a misunderstanding by Americans. I've heard them describe ...

UK brokers not allowing U.S. customers?

I forgot to ask, do you trade CFDs in the USA? I didn't think folks living in the USA could even do that? Providing you're not in America you should be OK. How many Pips for a stop lose are you using at 900:1 leverage? I still find this figure ...

Could 10:1 be the new leverage in US Forex?

You use 900:1 leverage?! OK well, if that's what you want to do then do it.

Could 10:1 be the new leverage in US Forex?

Many brokers in the UK are setup as spread betting outfits where you're technically gambling, even if your broker is hedging all the positions in the market. I like to use spread bets for my speculative punts because the profits on gambling are 100% ...

UK brokers not allowing U.S. customers?

Let's just say that a broker letting you use 100:1 leverage probably doesn't have your best interests at heart I think 2:1 is fine, 3:1 is fine 5:1 is a bit dodgy and 10:1 is WAY TO MUCH. Tiny stop losses degrade the performance of any trading ...

Is it good use high or low leverage as a beginner?

I'm amazed that anyone actually wants to use leverage about 10:1. They say the failure rate in retail Forex is around 95%, I'd suggest that the failure rate of those trading with 100:1 leverage is much higher, around 99%+. It's not difficult to see ...

Could 10:1 be the new leverage in US Forex?

OK I'm going to tone it down. I can't prove it's an absolute 'fact' but what I can tell you is I have tested hundreds of systems and on every single occasion a tight stop loss degrades the performance of the system, I have always found that to be ...

Trading without stop loss

Because the people at their Forex dealer can see that stop and they don't want it known. Keeping their cards close to their chest.

successful trader without stop loss?

I have heard people saying that markets trend only about 15% of the time, others saying they trend around 25% of the time etc... So it depends on how you define a 'trend'. If you define it as a strong ADX reading of X or above then perhaps they do ...

do markets trend more then range?

I'll re-post what I wrote on a similar thread about this - "I have tested stop losses on all the trading system I've made http://www.myforexdot.org.uk/FreeTec...ngSystems.html I can tell you that in my experience a stop loss (unless it's really ...

successful trader without stop loss?

I have tested stop losses on all the trading system I've made url I can tell you that in my experience a stop loss (unless it's really large, like 10 * ATR) degrades the performance of any trading system. That's just a statistical fact. In my ...

Trading without stop loss

From a fundamental point, oil is still way to cheap. The world has probably hit it's peak production of cheap crude, the difference will have to be made up by more expensive things like oil from tar sands, bio-fuel and possibly converting coal to ...

Sweet, sweet Oil