Hey hazelj80, Retail traders do not get the full liquidity of the fx market. They get the liquidity the broker they use offers. - Ric

OANDA Discussion

Hey ryuryu, A fellow Futures trader, nice. I don't see many on here. - Ric

The brutal truth of day trading

Hey joyny, I agree one should always back test, but one can not have faith that any system or strategy will work even if you do well back testing. Only live forward testing can show any real data. Back testing is easily prone to curve fitting and ...

The brutal truth of day trading

Hey BW, Sounds like you are saying the trend is your friend. That is an old adage that holds up well. I agree the trading mechanisms are generally the same if you scalp or trade longer term. There are a few tangible differences in trading short term ...

The brutal truth of day trading

Hey BWiliam, I am sorry. I thought you traded longer term. The chart you posted was a 4 hour. I see that you trade m15. Disregard my previous post. - Ric

The brutal truth of day trading

Hey BWilliam, You are trading a completely different style than RickM. He does not see what you and I see trading longer term. The attached photo is the last 2 days on the m1 chart. Imagine if it was the h4 or daily. You ask why he would buy in a ...

The brutal truth of day trading

Hey RickM, And that my friend is why trading is awesome. You trade the way you want, I trade the way I want. You are not wrong as long as you make money. I am not wrong either. You can not convince me that day trading is the best way to trade ...

The brutal truth of day trading

Hey MMar, Very long like you only trade long/buy or very long like time frame? What is the definition of "very long" to you? - Ric

In One Sentence - How Do You Trade?

Hey jmn5611, Back-testing is not used correctly by most people I have noticed. In my opinion it serves one purpose. To check the validity of a trading style or method. That is it. One can check the likelihood if a method or style can be profitable ...

The brutal truth of day trading

Hey jmn5611, So very true. I find that not just in trading, but in life in general. Most people have a excuse on why something didn't work out or why they cant do something. Then they look to others to fix it so they can achieve something. Trading ...

The brutal truth of day trading

Hey RickM, Very similar to the person I mentioned who trades the GBP/USD exclusively. He does so on the 5 min chart. He lives in the UK and has a multi-screen set up with live news, charts and live chat with other traders he knows and trusts that ...

The brutal truth of day trading

Hey KeenPips, It took me years to fully comprehend the importance of the fundamentals. Fundamentals can,will and do cancel any technicals you have going. It is very important to keep in mind that a surprise news announcement can cause a devastating ...

In One Sentence - How Do You Trade?

Hey simnz, Thanks for posting. That is definitely one way to do it. I am in America and we are not allowed to hedge in the same account. People I know do some FX hedging by either having 2 separate brokers accounts or using futures contracts. If I ...

Money Management Theory

You took my list LOL, I would add: Encyclopedia of Chart Patterns by Bulkowski, Thomas N. Trading Technical Analysis Masterclass Master the financial markets by Rolf Schlotmann Moritz Czubatinski - Ric

Which Forex books to read?

Conservative technical with an eye on the fundamentals swing trading that may lead into big trends. - Ric

In One Sentence - How Do You Trade?

Hey All, I been in the game for over 20 years and from my experience, I have seen people succeed and fail trading every time-frame, every market. What I have learned is there is no right or wrong way to trade. There is only successful and ...

The brutal truth of day trading

Hey Everybody, In my experience, Financial Youtube channels are generally useless beyond basic information. Youtube channels come with an inherent bias. They need views or its free advertising for a product or service the channels are pitching. I am ...

Youtube Channels - Useful or not?

Hey Redbaron81, That is exactly what they want from you. Day trade. More commissions for them. Check out Forex futures. - Ric

OANDA Discussion

Hey Hutch, That was the last straw for me before leaving Oanda. It has seriously gone down hill since the take over of CVC. Increased overnight rates, having to reapply for pro account and an increase in core spreads made me move. I have actually ...

OANDA Discussion

Thats why I left brother. Retail FX is going straight to hell in the USA... - Ric

OANDA Discussion