That's a given..any loss streak is a downer..but on the flip side, analyzing the loss can give you an idea on what you were doing wrong..

How long was your longest Losing streak?

Musky..LOL, would have gone with something else.. Getting back to your query, most brokers offer a calculator to calculate the pip value...

Quick Question regarding this "Forex"

About three months and a lot of trades in the blue. As for the three months, that's how long it took to wipe out my first account as a newbie.

How long was your longest Losing streak?

The time you trade depends on you..so what works for your friend need not work out for everyone. In short, waking up and trading at a particular time is not going to guarantee that you will make a profit. And anyway he trades futures, right? And ...

Is trading really that hard?

That sounds like a great idea, count me in..

Gambling VS Trading

Trading around big news is not a good idea, for example, see the market charts before the recent fed meeting and after - that should give you an idea on how volatile the markets can be around when the news gets released. FF is a great place and hope ...

Is trading really that hard?

Really? Huh? Who would have thought though I have to say that being part of the 5%, makes me feel like I'm chopped liver.. But would love to know where you are getting these stats from? Any details?

Gambling VS Trading

Exactly..it is always a better idea to go manual. Sure you can use automated trading systems but unless you have coded it yourself and you're a damn good trader, don't think it would work long term. As for a short term fix, depends on the EA or ...

Automatic trading systems

Seeing how you're new to forex, wouldn't it be better to do manual for a while before opting for auto trading?

Automatic trading systems

I know..just that after some of the ..er posts, it was a relief to see one that was to the point and guess given the context and some of the earlier posts, was a but funny. But your point is correct,

Help! What is the actual holy grail in forex? I'm tired of losing

Thanks for the laughs, this post gets my vote..

Help! What is the actual holy grail in forex? I'm tired of losing

As Mitch pointed out, the answer's all here and moreover, using stops is an essential part of most trading strategies. Check out the links Mitch provided and they should give you all the info you need and of course, feel free to post additional ...

Difference between buy limit, sell limit, buy stop, & sell stop?

Sorry, but the holy grail does not exist..and even if it did, no one's telling. As for the question, check out some of the beginner threads, on indicators and how to use it effectively.

Help! What is the actual holy grail in forex? I'm tired of losing

I agree its interesting and if you look back, you'll see that most of the scandals associated with fx started out this way, with the interest differential being the "cushion" until of course the greed set in..

Forex gambling?

There's just no other answer your question since you would not be the only trader placing orders.. And the only answer has already been provided..

How much is needed to move the market?

Thanks for the laughs..would have gone with a billion but a million sounds just as good. On the poster's query, you already have an idea on what you need, just check out some of the info online on S/R and review the lot. Good luck

Looking for long term (swing) strategy, any help?

More often than I would care to count..happens to all the traders, even the big guns..it would be surprising if this did not happen at all. And of course, as ET pointed out, once the market reverses the trend to the opposite direction, every trader ...

do you ever get the feeling

Guess some like to reinvent the wheel at somepoint, but the trouble usually starts when they start applying patents for the said "wheel", wonder if Bill Gates has any thoughts on this..

The Trading System That Never Works

Congrats, nice to see that you're keeping busy after retirement..

New trade in the neighborhood

No, not really. I do understand the idea of reversing it, but don't think that's going to do much. For one, the losing strategy in reverse is not exactly going to translate to $

The Trading System That Never Works