Hey All, IMHO demo trading is not meant to show anything other than if an idea is viable. Live forward testing with cash is the only true way to test viability in the wild. Start with the smallest amount available by your broker. Grow slow over ...

How many of you, still prescribe demo trading to others?

Hello IenDzi, Thanks replying. I can understand your frustration. I am sorry you can not find anything that works for you in this market. I might suggest you just keep trying. There are so many different ways to trade you may find something. Do not ...

Money Management Theory

Hello hellsbells, Thanks for replying. Thanks also for being candid and honest. We could use a lot more of that around here. Now scalping is not my thing anymore. I will say I did used to scalp for about a year. For me, the stress was way high. I ...

Money Management Theory

Hey Havo, Thanks for replying. I understand what you are getting at and I even agree in the way you phrased, however, I still maintain that every trade, every set up is completely different than any other trade ever executed. How can I have any idea ...

Money Management Theory

Hey All, Well that was fun. I have some questions for some of you to ponder if you like over the weekend. All things being equal: Do you believe that money management is as important as a good strategy? Meaning without one you are doomed to fail? Do ...

Money Management Theory

Hello LDFX, Yes on that point you are correct. I should go and change that as it seems people are getting hung up on it more than the subject of the thread. Thanks. - Ric

Money Management Theory

Hey Havo, Thanks for posting. I agree that the odds of being successful with a system that is not that good will most likely fail no matter the MM used. I should/could have worded that different. As far as risk is concerned. I have no place to judge ...

Money Management Theory

Hey hellsbells, thanks for posting. Ah yes. That elusive Take Profit. Where do you take it? There are more theories about profit taking then there are trading systems out there. A lot of folks always say it is more an art than a exacting science. I ...

Money Management Theory

Hey LDFX, Thanks for posting. What is it you would like for me say or post? Dig in. I laid out what I do in my first post. Thanks - Ric

Money Management Theory

Hey TEntropy, Thanks for posting. I agree I could have worded it a bit better. I guess I was assuming we where talking about working systems with profit potential. Seeing as how 90 percent of the threads have to do with trading a certain way, very ...

Money Management Theory

Hello IenDzi, Thanks for posting. What is it you do not believe in anymore? Are you saying trading is not possible? Money management is useless unless you have a winning system? A winning system will fail without money management. If you can, please ...

Money Management Theory

Hello chinser, Thanks for posting. However, just saying you doubt it means nothing. Your belief means nothing without any sort of statement or data to back it. Thanks - Ric

Money Management Theory

Believe what you want. Good Luck, - Ric

Are We All Gambling?

No matter what you think, all investing, trading is a form of gambling. If you risk money to make money you are gambling. Risk, speculation, forecasting, gambling, trading all mean the same thing. You are guessing what an outcome is based on certain ...

Are We All Gambling?

All those words mean the same thing. Just saying. - Ric

Are We All Gambling?

Hey Tony, I love that answer I was going to answer somewhat the same. Just to add though, yes all trading is gambling. If you can lose money, its gambling. Period. I have always called Trading/speculating S.W.A.G., Scientific Wild A$$ Guess. In ...

Are We All Gambling?

Indeed, what is your point? That the EURUSD is range bound? Yes it is. The EURUSD is in a flat trend? Yes it is. Something else? - Ric

Trend Trading

Hey All, I think the title of this thread should be, "What works for you, and what doesn't work for you". That would be more accurate. There are many traders, retail traders included, that are "successful". Unsuccessful traders fail because of the ...

What works, and what doesn't

Hey Branchd85, If you are using MT4, any advantage is negligible unless you have a pro account. At Forex.com it is called the DMA Trading account & Oanda it is called OANDA Advanced Trader. Good Luck, - Ric

OANDA Discussion