[quote=ybeidas;1462440] Thanks my friend. A loss is a loss and we can't prevent losses, we can only minimize them and try to reduce their effect on our equity...I believe nobody is too good so he can't have losses...Despite the friday's loss, I am ...

Technical analysts are very confused

I trade through interactivebrokers.com for more than a year now. The worst thing as mentioned is charting, not to be relied upon. However, the best, which won't be available anywhere else, is the universal account where you can trade stocks, bonds, ...

Anyone use or have any info on interactivebrokers.com

If technical analysis forecasts drives you up the wall, then don't listen to it or read it. It is as simple as that. The problem is not with Technical Analysis or any other method, the problem lies inside traders themselves. Please read "Market ...

Technical analysts are very confused

The relation between the Canadian economy and oil stems from the fact that Canada has huge oil reserves which become feasible to extract above a certain price for oil per barrel. When oil trades above this level for a long time, the Canadian economy ...

USDCAD trend reversal?

So relatively, this makes our positions against each other as I am long the USD/CAD pair currently...Hope that both of us is right, although I know that this won't ever happen. Thanks, Nader

USDCAD trend reversal?

Exits are believed to be more important than entries because studies showed that almost any trading system or methodology will provide entries which are not a lot more favorable than using a coin flip. In other words, it means that once you enter a ...

Poll: Is successful trading more dependent on skill than luck?

LOL, you didn't think that people hold trades that long in forex Most of my trades last more than 2 weeks and usually less than 2 months. Thanks, Nader

How long do you hold your position..?

I disagree with this saying. Retail traders never outperform money managers in the long term because 95% of retail traders are usually wiped out within the first 2 years of their trading and the remaining 5% actually become money managers. Thanks, ...

ROI on Forex

Here goes the link.... url It seems like a sister company or a subsidiary from E*Trade in the UK... Thanks, Nader

E*TRADE Anyone?

They do offer forex trading long time ago...I do have an account with ETrade, but it is a stocks account and not a forex one...I also read their page about forex trading but never thought to trade through them...In general, they have been very bad ...

E*TRADE Anyone?

In my opinion, it has something to do with the language...When you ask someone if he is on the buy side or the short side, you don't usually ask if they are buy the stock or short the stock, that's why people invented the word long so that when they ...

Long and Short

Stocks fall faster than they rise, this is true...There is a famous saying about this, it takes buying to lift stocks up and they fall off their own weight... In currencies, this is not true, since the fall of one currency is actually the advance of ...

markets fall faster than they rise

I believe that the market can behave the same way for several years. Intermediate trends change dramatically every couple of months, however, the overall trend major trend change once in a few years. Look at the major trend of most currency pairs, ...

Revolutionary ideas regarding the market and system optimization

100-150 pips stop losses are typical for medium term trading in my opinion, can be as far as 200 pips although rare... Thanks, Nader

Follow the trend!

The trend is always your friend, however, the trend is a wild animal, if you don't know how to tame it and ride it correctly, you will end up thrown away from the back of the trend while it moves... Thanks, Nader

I hate the USD, and it hates me.

When it comes to trading real money in a market where probabilities play a large role in, I assume that what makes sense is much better than what is written in hundreds of books. Every single TA book I have read says this sentence, the more touches ...

My "Holy S**t Moment"

In my opinion, liking instant gratification is destructive in trading over the long term. The fact that many traders want to initiate a trade and reap off large profits out of it 5 minutes later or at least see it going their way right away is self ...

When do you feel successful as a trader?

A trend is just a trend. It's the direction of prices over a certain period of time. You can easily identify one. If you can connect 2 or more bottoms with a straight line, then you have an uptrend. It is a baby uptrend if you connect 2 bottoms only ...

My "Holy S**t Moment"

I will feel successful as a trader when my closing balance by the end of the decade is higher than its' closing at the beginning with a compounded average yearly return of not less than 30%. And I will feel more and more successful if this ...

When do you feel successful as a trader?

Thanks a lot my friend....You asked for a chart, attached is a chart of my recent position mentioned earlier in the thread... Thanks, Nader

Follow the trend!