99% of forex traders fail not because it is something they do wrong BUT because it is one of the most volatile markets to trade. Forex is like a casino. You can beat the market and the casino once or twice. Maybe even for a while. But in the long ...

Why do 99% of the people who wants to be traders fail?

Can we have an update? If you kept your winning streak you would be the richest person in the world right now?

How I Turned 1k To 100k In A Wk!!!

Something here confuses me. You said you "know this guy"....So if you know this guy then ask him. Knowing someone means you are friend or acquintance. And I am sure he would love to share his secrets with you. Afterall If you can duplicate what he ...

how does this trader make money?

Rob Booker has many systems and none of them are profitable in the long run. Just my 2 pips worth.......

5/13/62 system by Rob Booker

After 3 years of trying to trade forex to make a living i can honestly say i couldnt do it. Maybe some people can. At most i can break even. Forex is just to volatile market. You get to kinds of people on this forum. 1. Those who are honest enough ...

Is trading FX for living a myth?

I hope i don't burst any bubbles but as far as i am concerned a trader can not beat the market over a consistant period of time. You might have a month or two where you profit but eventually you will give it all back to the market. But making 1%-5% ...

What made you successful @ FX

Beautiful post. Ok here is my 2 pips worth. I have ready many FX forums. I have joined many webinars presented by well known traders. I have listened to amateur traders. I have listened to professional traders. I have read most of the trading ...

$100 to $100K in 1 year...

Dude i am Time and i am not Mark McRae. Please do not blame anyone if you are so ignorant to buy a black box systems from a complete stranger that you have never seen traded, or have seen his trading account.

making a killing!! in this market prt 2

Interesting comment you made. But i have a question. If you never, never, never close a position when the market goes in your favor, then do you just leave the trade to open until the market reverses and hit your stop loss? Or do you wait until your ...

What do you think of Risk/Reward ratio?

yes i agree. It would be prett stupid to aim for 30 pips while risking 10 pips. There is a better way to trade 1:3 R/R. Risk 50 pips in order to make 150 pips. Or risk 100 pips in order to make 300 pips. Obviously the more pips you risk the bigger ...

What do you think of Risk/Reward ratio?

Ok lemme try to explain. It is not a given that cable will strenghten if positive economic data is released in the UK. Or that USD will strenghten on good NFP numbers. It is all about the expectation and consensus. Take for example last NFP. It is ...

Contradiction between Fundamental & Technical analysis??!

Lol....the pound under pressure since Sept? Yet it broke all time highs against the dollar in Nov? And last week it gained almost 70 pips against the euro. I love your fundamental analysis. It is very funny Here is an article written by Kathy Lien ...

Contradiction between Fundamental & Technical analysis??!

Ok i am not sure what to make of this post....... But i guess what you are trying to say here is that this example is of bad risk/reward trading. And not necessarily have anything to do with winning %

What do you think of Risk/Reward ratio?

lol..ok we seem to talk different languages here. If you use 1:1 or 1:2 or 1:3 risk/reward ratio trades and if you make 10 trades and you look back at those 10 trades then you can calculate your win/loss ratio if you have 1 winner and 9 loosers then ...

What do you think of Risk/Reward ratio?

I agree. It is a simply point but yet very powerful. I think a lot of traders dont see the importance of risk/reward trading. I know i did for a long time. And couldnt understand why i am having 90% winning trades yet i still lost money. Then i came ...

What do you think of Risk/Reward ratio?

Ok lemme put it this way. If your risk/reward ratio is 1:1 then your win/loss ratio needs to be 50% to break even If your risk/reward ratio is 1:2 then your win/loss ratio needs to be 25% to break even If your risk/reward ratio is 1:3 then your ...

What do you think of Risk/Reward ratio?

We all go through phases when it seems the market is against us and no matter what we do we are always on the wrong side of the market. Having said that december is not the best month to trade. So take that into account. Some currencies behave ...

EMA 25-50 Trading System (Detailed)

Maybe i didnt' express myself clear. Yes i agree. It is a fine art to take good risk/reward trades. And yes i dont think a system can give it to u on a regular basis because the market doesnt always give you what you ask for.

What do you think of Risk/Reward ratio?

here is a nice link that explains the importance of risk/reward trading url However nobody can tell me or propose a system that gives you potensial 1:3 risk/reward trades. And that is the challenge

What do you think of Risk/Reward ratio?