So true. In fact I have tested hundreds of trades on Forex Tester using a simple MA crossover but with fixed 3:1 RR and managing it a little bit but not much. And even then, with a 42% accuracy rate, I can make money from it. Mentally its ...

Buy sell line trading

Good Good! I think simplicity is really works best and Steve's style really is simple and great.

Buy sell line trading

Did you get inspired by Steve Primo by any chance?

Buy sell line trading

Like the book Talent is Overrated says, deliberate practice is the key. If someone expects to be a pro in 2 weeks, it will never work. But persistence is probably most important.

Why did YOU persist after years of unprofitable trading?

I am not a full time trader but in my opinion the best thing you can do is to trade the daily time frame. Its ALOT better. Try it for a while with the same methods you used before, I am sure it will work a lot better.

Looking for a full time trader trading a mechanical system

Very true. I dont like intraday trading. I've done just a bit of it and its frustrating and angering at the same time. I am by no means experienced but Ive made more on daily charts than intraday. IN fact Ive lost trading intraday and even ...

Why even daytrade?

Try trading daily charts, it can be great and less stress

Day-Trading and studying/working

What do you use to trade?

Indicators CAN work!

Indicators do work definitely. Many very successful traders use them. For example, I am a fan of Chris Capre from FxStreet and he uses indicators too, and hes very successful and also has many systems where indicators are used successfully, like MA, ...

Indicators CAN work!

What's a static system? One where the rules are the same all the time?

How long should you test a strategy?

Test it as much as possible. Like more than 500 trades. Because I recently was testing using Forex tester and the first 3 months I made about 25-30% consistently each month with about 200 trades but the next 3 months, the equity curve is in a range ...

How long should you test a strategy?

I think that is very true about the risk management. I am currently testing a really really simple system on forex tester. My results are pretty good so far because I have a fixed 3:1 RR.

We Are The 1%

How long did it take for you to develop that system? I am asking in terms from teh time you started to think of developing a system to the time you developed one.

We Are The 1%

For the freedom it can bring once you are successful.

Why do you Trade Forex?

Thanks

MT4 Broker that closes at 00:00 GMT?

Yea you're right. I asked in their forums and they said the same. Thanks

Forex Tester Question

WHOA Go markets offers 500:1 leverage. I dont understand why USA and Canada have such low leverage. Unnecessary really. Only forces people to put more money into their accounts, risking even more of their hard earned money.

Canadian Margin Requirements Won't let me Scalp?

Man, when I found out about it, I was disappointed too but I found out about it just some time before opening a live OANDA account. I too will consider opening a UK account once my current accounts up and running properly. Just a question though, ...

Canadian Margin Requirements Won't let me Scalp?