No doubt, I agree....with my chart analysis, I'm a better stock picker than forex picker. I usually time reversals and swings a lot better there than I do in this market. As such, I get in on the ship early enough to catch the beginning of the turn. ...

Risk Management..let's get something going here....

I am totally sizing my trades wrong and that description is exactly how I blew the account up because I just added more and more and was just pinned to that trade (it did go the way I wanted it to, but not until all my money was gone). I'll ...

Risk Management..let's get something going here....

Exactly! That's what I've been trying to come up with, a plan with a "do not destruct" button attached to it....my last few plans unfortunately had self destruct written all over it...I think the key really is patience. Everyone, myself included ...

Risk Management..let's get something going here....

80%?????? — 80%????? Man alive!!! Now, I thought I had a brass set..but dude...yours have gotta be made from titanium.. That is just wayyy too much ...for me..and that is exactly how I've managed to blow out accounts. 400:1 and 80% is insanely ...

How do you trade news?

In a nutshell, sticking to the plan....yes I make 84 pips..but when I lose...I keep losing in one position....so, I'll put on a trade....lose 25....stop out...but it looks sweet..then I'll go on it again....and DOUBLE my position and lose a little ...

Risk Management..let's get something going here....

Essentially my strategy is based on chart reading...i'm old school...mostly candlestick patterns, but I'll get into double tops and flags, pennants and all that good stuff....my winning percent is about 65%, when I win, I average about 84 pips, but ...

Risk Management..let's get something going here....

T Bill??? Yeah, so I can double my money every 75 years...sure!!! What is the Kelly formula? Is that the one where you keep doubling down after each loss...or is that Martingale...I'm not sure which one is which but I know I've heard of that... The ...

Risk Management..let's get something going here....

that is REALLY weird, because I was thinking about that 15 minutes ago about how to scale into trades and find some success there, that basically you get in small, then once you establish its a winner, then you just pile in....still need to do some ...

Risk Management..let's get something going here....

Money Master, Thanks for all of your posts, you've really given me quite a few things to think about. I'm a technical analyst at heart and to be honest don't think very much about fundamentalists. But after reading some of your stuff and the " I ...

How do you trade news?

a person successful at this game is really about two words: Money Management. It doesn't matter if you bet at the track or bet on the pound, how you ride your gains and cut your losses can make a huge impact and that makes the real difference. I ...

Risk Management..let's get something going here....

http://www.fxstreet.com/education/market-psychology/start-trading-real-money-early/ Here is a great article that sums it up. The Hun.

Success stories

Good point. Finding the right method will take time, and if you are not finding success with it, then it is probably a good idea to have some level of success with your method before you plunk down some real cashola. My point was that once you have ...

Success stories

allright, now let's all open up some real accounts hug and sing koombaya....hahaha....had to get that in there...but in all honesty I do like the positivity on this board...

Success stories

I'm with you on that dude. Now I am a "live" trader, and yes, I will have to reload the account again, but I have learned from previous mistakes and I will get to the point of "insane" profitability with a lot of hard work. Here is the thing with ...

Success stories

That's actually an interesting idea, and I haven't thought of that. Usually I would put the same amount on regardless of the time frame, but factor in some greed and stubborness and the Hun was owned by the market a month ago....I'm itching to get ...

Best Pair To Trade for the Working Dude....

yeah, year, it's paiR not paiT....see I told you I need my sleep as it is......

Best Pair To Trade for the Working Dude....

LOL, then your wife REALLY wouldn't mind you waking up in the middle of the night....

Who is up at 3am EST to trade?