Assuming for a moment that 95% is correct, so what? If you don't know what you are doing you're going to lose anyway. You'll just lose more slowly with lower leverage. Is it better to lose more slowly, or better not to lose at all? If the answer is ...

Could 10:1 be the new leverage in US Forex?

Leverage in and of itself does not increase risk. Leverage is simply a tool that allows you the potential for faster gains. Along with that comes an equal potential for faster losses. The higher the available leverage, the quicker you can be ...

Could 10:1 be the new leverage in US Forex?

Damn right!

Could 10:1 be the new leverage in US Forex?

I just spent an hour writing a detailed and impassioned response and voicing my oppositions to any proposals involving the restriction of leverage. I strongly encourage anyone who feels the same as I to do so also. You can fax it, mail it...at least ...

Could 10:1 be the new leverage in US Forex?

I'd like to share a passage from the book Trading to Win by Kiev. "Commitment implies a willingness to promise a result when there is no guarantee of the outcome. Simply making the promise - taking that risk - taps enormous energy that fuels the ...

Realistic Account Growth?

The truth is, realistic account growth is something you determine for yourself. Set your own goals; you're the only one who determines what is realistic or what isn't.

Realistic Account Growth?

Lol. Nice.

Discussing trading with non-traders

Best to not say much. Like this one time when I was at the gym trying to relax - I was just reading this magazine on poker, and some guy started asking me about it. Well I got to telling him that I trade and he became a total a**hole and started ...

Discussing trading with non-traders

But I think my most primary reason for trading currencies is the flexibility I have in controlling risk. I can risk 5% of my account over exactly 28 pips if I choose - on a multi-million dollar account. I can risk the same 5% over exactly, say 355 ...

Forex VS Stocks

One of the most primary reasons is liquidity. Governments, central banks, investment banks, corporations, hedge funds, etc.

Forex VS Stocks

Excuse my ignorance, but how is it that you have EUR/USD data seemingly going back to 1980 when the European union was formed in 1993 and the currency wasn't officially adopted until 1999? What am I missing here? Is that the dollar vs a composite of ...

Strat's Long Term Stress Free Trading

I'm not a good enough trader to play this game on one timeframe. But throw on a 10 minute chart (for entries and stops) and a four hour chart (to give an idea of when the 1 hour chart downtrend might end - for exiting purposes) and it could be done.

Play this game...

There is no system or method in Bill Williams book, except what is there to help beginners get started. I think it's important to point that out, because there is a great deal of misunderstanding of what this book is about. Bill Williams describes ...

Trading in the Zone advanced indicator (Trading Chaos by Bill Williams)

Oh wow, that's nice of Dr. Williams...Yeah, I suppose everyone gets something different out of any book. His book was actually one of the first to get me thinking about getting away from If X, then Y "setups", so go figure.

Profitunity (Chaos) Trading System by Bill Williams

Well, those things can help give you an idea of what's happening, sure. But after a while you really don't need them. You don't need all of that methodological complexity to understand tops and bottoms and middles - just a good understanding of ...

Profitunity (Chaos) Trading System by Bill Williams

The market is going to do "what it wants" regardless of where one enters or exits. Obviously there is an element of luck that comes into play. You will never know where price will close 100 bars out, or even 1 bar out. But you don't need to. All you ...

Poll: Is successful trading more dependent on skill than luck?

System?! — The best way to gain a sense of what an author is trying to convey is to probably read the book. This is a great book. But how amazing is it that two people can read the same book but come away with completely different ...

Profitunity (Chaos) Trading System by Bill Williams

Right, get in at a better price or stay out of the way of countertrend pips. That makes logical sense. The act of getting back in doesn't increase my risk when I have a fixed TP. Cool, good to know. Yeah I usually trail pretty tightly and look to ...

The Reason why 95% Traders fail

Yes, I understand. You don't want to give back the pips. Bird in the hand and all that. Thanks for explaining guys. By the way, on a completely unrelated topic from exits, I once read an interview with Bruce Kovner who was relating what Michael ...

The Reason why 95% Traders fail

On exits, I have a question for the expert traders here. What is the purpose of exiting a position with profit only to look to re-enter in the same direction?

The Reason why 95% Traders fail