Education has as much to do with one's ability to trade as does shoe size.

95% Lose in FX is a Myth: % Profitability in the US last year

Consistency is the challenge, not profitability. You could ask 10,000 monkeys to trade for a little while and you'll find that 30% are profitable. If I recall correctly that PhD study concluded that only 4% of traders were capable of being ...

95% Lose in FX is a Myth: % Profitability in the US last year

That's true Mingary, however I'd add that every kind of entrepreneurial activity is a loser's game for the majority. That's why so many people are sentenced to a life in a cubicle doing something they absolutely despise.

Real Reasons why Retail Traders lose money

This would corroborate the statistic that I quoted.

Real Reasons why Retail Traders lose money

The statistic that I came across was along the lines of this: q1: 30% of traders profitable q2: 10% of traders profitable q3: 3% of traders profitable Keep in mind this only means that only three percent of traders are profitable in each of the ...

Real Reasons why Retail Traders lose money

90-pip moves aren't enough for you?

18 Pips per Day (3% per week) Trading System

Average earnings mean nothing. When someone says "I made 30%" last week that means absolutely nothing if I don't know how much was risked to get that return.

What is monthly average earnings for forex traders?

Read Market Wizards. There are guys in the book who blew hundreds of thousands of dollars in a matter of days when they were starting out back in the 70's and 80's but somehow managed to come out through the other end. Ultimately all that matters is ...

I lost 7k dollars and I am in a massive pain

Just about every other method of trading is easier than martingale.

Did Martingale work for someone?

This has to be one of the funniest threads yet that I've come across on this forum.

Project $1.0m (One Million Dollars)

Thinking about how much money you'll make when you don't know how to trade is like asking yourself when will you win Wimbledon without ever playing tennis. Learn the game first.

How Long Does It Take to make $5000/Mo consistent profit?

Don't ever short this pair. There's no limit to how high this sucker can go up but it rarely drops below parity.

USD/CAD

Instead of thinking about profits think about minimizing your losses first and foremost.

What is your hardest-learned lesson in FX?

Rule# 1: Cut your losers short. Rule #2: You don't have to win on every trade to win this game.

What is your hardest-learned lesson in FX?

Combine Ichimoku with stochastics and/or a specific candle pattern and youceasily have a system that wins 60% of the time at 1:1RR.

Find new Forex strategy

Thank you Sir. Looking forward to your signals.

Daily and Weekly Signals Make 500 to 3000 Pips Per Month

Who's the author of this candlesticks book? It didn't come up on Amazon. I really liked Trade Like a Casino, Market Wizards, and Trading in the Zone.

what is the best forex book?

First of all make sure that you are trading with a method that has a statistically defined edge. It's critical to have confidence in knowing that when you take a given set up over the course of 50 trades that you'll be ahead. When you get to this ...

Just how well do you deal with loss?

Excellent thread. Nice, clean trading with the trend.

(binned per thread starter’s request) The Engulf Method

The beauty of trading is that you do not have to know or predict what is going to happen in the market at any given moment in order to profit. This is why trading is not about prediction but taking advantage of the probability of something happening ...

Uncertainty Principle & Forex