I'm only slightly surprised to see such a very wide range of opinions over something that's actually fairly close to being a factual question. Professional, full-time, successful forex traders working for financial institutions - the people who earn ...

What's a realistic annual return for a professional trader?

Why not? Isn't it self-evident that if there were no predictability at all, there also wouldn't be people consistently making their living for decades by trading forex? Why would companies like Goldman Sachs be paying their most successful ...

Random vs Predictable

I see very few amateur traders who do that. Yes; there are thousands, working for hedge funds, investment banks and countless other financial institutions, in most of the world's capital cities. All of these places employ some proprietary intraday ...

Intraday trading - Is there someone that really earns?

That's why I said "excluding dealing costs". That's going to be true for all random "systems", and is why forex isn't really a zero sum game.

Strategies with a 50% win ratio?

Yes: at exactly 7 minutes past every hour, without even looking at a chart, enter a long EUR/USD trade at market price with a 7-pip TP and a 7-pip SL. Set and forget. That's it. I've never tried it, but it will clearly average out over the year at a ...

Strategies with a 50% win ratio?

I think what you're saying is true of "indicators", not of all "technical analysis". There's plenty of "technical analysis" that has nothing to do with "indicators" at all.

Do you believe moving average systems work?

"A thing of beauty" is correct. Elegant charts, indeed: many thanks indeed for starting this thread, Jon, and good wishes.

But... Naked Trading!? The Elegant Charts Thread

You have 3 hours per day to spend on this, but you want results that way outperform most of the top floor traders at Goldman Sachs, all of whom have put in their "10,000 hours experience" to become at least proficient, if not expert? Well, nothing ...

With Only 180 Minutes a Day for this Forex Crap, How Far Does Luck Go?

There's no real answer to that, other than to congratulate you on the apparent certainty of your unreserved confidence in the broadcasting media! (I suspect his gender might not be a scam, though I still don't begin to understand why he ...

Why forex?

Not to mention why he apparently feels the need to specify his gender like that ...

Why forex?

It's gambling. Maybe. Forex traders employed at places like Goldman Sachs are expected to do rather better than that, if they want to earn a decent bonus. A coffee-shop's survival chances (especially at the moment) are also pretty low. That's true ...

Why forex?

Because there's an almost unlimited market for them, among the 98% of traders who are effectively subsidising the other 2%. I think it's a very emotive issue. It can be a little frustrating, understandably, for the great majority of the (tiny) ...

Trading with and without Indicators

This was the inevitable outcome, I'm afraid. The clues were all there in the very first post ... Absolutely no criticism of Bogdan intended or implied, but one of the inescapable realities of trading forex is that if you don't have enough money to ...

Fast Scalping System

Jon, I'd somehow managed not to notice this thread until today, and am only really posting to thank you very much for starting it, and to say "watching with interest". Threads on this subject always interest me, because what you're covering here ...

Simple Setups To Trade

There's sometimes some confusion in threads of this nature, about exactly what "engulfing" means. The factors that contribute to that seem to include different people's understandings of "bars" and "candles", and exactly what "engulfs" what. For ...

Daily and H4 engulfing price action

My concern is that if you increase the stakes during a losing run, you might not see. The problem with doing that is that you might have a very good system that does have a genuine "edge" over the market, but if you escalate the stakes during a bad ...

Martingaling for a Living

Undervalued indeed, at $0.02. I'll take it, and I'll thank you for it, and hope to welcome you back at some point.

Lessons in directional probability and risk management

So you're starting off the discussion about it by calling anyone who has an opinion different from yours an innumerate idiot, before they even post? That's going to make for an enjoyable and productive exchange of views, isn't it? On second ...

Do Elliott waves work?

You need to define exactly what you mean by "Martingale", I think, if you're using the word with a different meaning from everyone else. In general, anything that involves increasing the stakes after a losing trade, or during a losing run, is (a) ...

Martingaling for a Living

Just be aware, then, that many posters in that thread (as elsewhere) make the classic mistake of using the terms "technical analysis" and "indicators" as if they're exactly the same thing. (They're not at all, of course: many aspects of technical ...

"Technical Analysis Fallacy" thread people, I need your help