If I'm not mistaken, Buffett didnt study at an ivy league place until AFTER he was rich. I think Soros has a similar story????? Alot of the successful people got rich before studying, just incase something were to happen and also to make contacts. ...

Does going to an Ivy League help you become a good trader

Just slip the cop that comes to arrest you 500 USD and he will be on his merry way.

Trading in India

If you can't make enough now, you wont make enough quitting your job. I didnt quit my day job until I was trading 2x my salary. And now I have a job as a corporate trader. At 2x salary, you can afford to have an off month, and they do happen. If you ...

What lengths have you taken in trading

Gfy, comes to mind. Trade the price action. Thats how I trade, thats how you should trade. Picking tops and bottoms is as good as flipping and coin and does not constructively add to any thread. Sharing a method? If I did share it, would you be able ...

The Experts Zone: GBPJPY

good luck.

The Experts Zone: GBPJPY

It is superb, you broke like 4 rules of simple technical trading. Just 1 rule is fair..

The Experts Zone: GBPJPY

I thought this is pro thread. Why would you add further shorts to an upmove after a negative rebound in a bullish trend. Its not just the trend of the market, but the psycho trend too. The trend of the mind. I'm confused. I would be long for 157 at ...

The Experts Zone: GBPJPY

Yen pairs do not correlate the JPY and USD, as the carry trade is anti both currencies, and risk appetite goes into the currencies opposing them. At the moment its AUD. I have been looking into the yen for the last few days, and it seems to me a bit ...

The Experts Zone: GBPJPY

It would only take 10 lots.

EURUSD

anyone know why the volume on this pair is so high (according to the order book) in comparison to the rest of the market. Its got nothing to do with the USD. And there is no eur news out at the moment :S.. Wats going on?

EURUSD

Best indicator in the world is the FX factory e/u thread. When all are going short, go long and when all are going long go short. Works a charm.. Good day.

EURUSD

Looks to me like a nice flagish pattern. There is also a triangle in the bigger picture of that chart which suggests some sort of correction is in order.

EURUSD

Ah yes, the conspiracy... US VS METATRADER... Are you for real? You think your non metatrader broker isn't raping your money? Seriously? Its against bucketshops mostly. I.E Every retail broker in existance.

CFTC + NFA: End Of Hedging?

I trade some IB's... But, the only direction i go is with the trend, I only trade during high volume, and I watch the tape. If you don't get particular on the IB's you take, then you are likely to get bashed in a tight range market. Daily IB's are ...

Inside Bar Trading Revisited

when people ask how is work? And they start to yawn before you reply... God that is becoming frequent..

You Know You've Got It Bad When:

The Market is not random. It just acts in a formula that you and I cannot see. Embracing the fact that you do not KNOW the formula is a good step in the right direction as a small player in a big game. The issue with other peoples cynacism on this ...

My thoughts

My suggestion is that you grind on your own. You state you have the mental strength to be a trader. If this was true, you wouldn't have paniced and blown 20k. Take the hard knocks, its what you need. Theres no free lunch, and the best mentor is the ...

I need a mentor...read this and youll know why

Thats why so many in the industry are single and live by themselves. Most professional traders will trade heavily until their 30's then get a mangement type role at a firm (good salary) and consider that retirement. Get a wife kids etc. That being ...

(can) small accounts make a living ?!

1) You're forgetting that following the money is how you make money in trading, i.e getting on the bandwagon. 2) The price action on your chart suggests an upside break of your mid trend line, look at the last rejection of the line, followed by a ...

Don't get sucked in by dollar strength

so set orders away from where the market is, and catch the flow of insecurity. JMHO

Sometimes it's just not worth it