I never understand this kind of advice. If you have a profitable strategy and you know for a fact that your system produces a positive expectancy, then you should trade as much as you can. Increasing your trading frequency means your strategy will ...

Best advice I can give a new trader

Would you please explain us what is a "professional" craps player? I'm asking you this because I'm very familiar with gamblers and casinos, and these people who call themselves "professional [insert name of casino game here] players" are usually ...

Gambling VS Trading

If you are asking this question then you are not ready yet. Anyway, the point at which you can quit your job is when you are making so much more money from trading that it just doesn't make any sense to go to work.

I have a profitable trading strategy. Should I quit my job?

Let me tell you something before you start: "slowly" can be several years and thousands of trades before making any profits at all. Just a friendly advice from someone who's been trading for several years and thousands of trades. Good luck in your ...

Is it a happy life ahead?

You don't trade forex for a living, make money and then get a life, it doesn't work in that order. First You get a life, then You make some money (you get a job) and then You trade Forex.

What would you do - time/money spent?

Nothing, just concentrate on your trading.

Confidence or Overconfidence?

Breakeven just means that you are closing your position at the same price you initially entered, therefore your profit is zero.

BE - Breakeven, how to set?

I just move on to the next trade, been doing so for the last +2000 trades.

How do you survive after negative trades?

"Trading & Exchanges" (Larry Harris) is a good place to start, online forums are ok, but your time is better spent reading real books by real authors.

Where to start in this business?

Could you elaborate on this please?

What's the definition of Scalping?

I disagree here, I find it much easier now to find a "decent" broker than it was a decade ago. Plus now they offer much more trading platforms, funding methods and the spreads are better.

In FOREX, is 10% return per month good enough?

Yeah but that doesn't make you a profitable trader, anyone can pull a EURUSD chart from last two weeks and say "hey that's easy I just gotta go short". I'm going to wait until I take my trades, make a profit, withdraw that money to my bank, pay ...

Is trading that simple?

But they both have (trader A and trader B) the same 200 trades sample. What I'm saying is "time" is not relevant when it comes to mathematical expectancy. Following your previous example, if we assume that both traders are using a system which ...

Mind Circus

And how can you plan your targets and trade frequency when you don't even know what your "system" is based on? My point is that you have to understand why and how your system works before doing any testing, in fact there's no way you can develop a ...

How to be successful!!

They are both in the same situation. The important thing here is the sample size, not the timespan.

Mind Circus

I'm not sure you are doing it right. Seems like you are instructing people to create a system based on any random parameters and then testing it to see how it goes. You don't build a system and then try to find out the reason why it works. First you ...

How to be successful!!

Like someone else said before, a stop is just a way of getting out of a trade. You may not place a hard stop, but I'm sure you have a mental stop, a point at which you decide a trade is not going well and You have to get out. So yes, in theory you ...

Are we being conned?

Well let me say that I'm not a profitable trader yet. Buy although I joined the factory recently, I've been around for some time...I'm talking like 7 years now, so You can imagine I've done my share of reading. Number one book on my list is "Trading ...

Books, Courses, Forums, Webinars and Other Resources

Seems to me like you are gambling. Profitable trading is not about picking the right system/indicator from a catalog until you find the one that makes money. redlion is right, just looking at your chart doesn't give you any edge. Let me give you an ...

Lost Souls Enter Here!

Maybe You should think about the reason why you are executing a trade and why it should work. When you are buying for example, you are expecting something will happen that will make other market participants to buy that same currency pair driving ...

understanding trading