Arthos, the best way to prove to yourself what is wrong with that kind of thinking is to trade with real money and discover it yourself. There are far more variables to be accounted for than what you've described. I, too, once thought of the market ...

The Big secret to trading success

Lose lose lose lose. Not loose loose loose loose. Ok, now that that is out of my system... You should reduce your trade your trade size by factor of ten. I've been in your shoes a million times. I lacked discipline and traded too large. When the ...

Do you know a system to stop over losing in the same day?

Spot on.

trends are ponzi schemes

Since lot sizes are able to be scaled/reduced to very tiny amounts, why not just "demo" trade with a $100 account and then scale up. Far more reliable than demo trading. As said above, perhaps demo trading is useful for learning the platform and ...

Live vs demo TE, what's the difference?

Hmmm, If I could go back in time and drill ONE thing into MY head at the start of all this, it WOULD be that money management, risk, and position control are 10 times more important than strategy. And that many of the old axioms are just bad advice ...

The most important technical skill to learn

Its much much much easier to go broke quickly trading forex. Getting rich quickly in forex means there is too much risk and too much luck in the short term. The market can and will bite you in the ass.

Can you get rich quickly from forex trading?

That last guy was great. So much I agree with. One of my biggest pet peeves is when people bandy about the "scary" "95% of traders fail" stat. Well, hell, 95% of EVERYONE fails at EVERYTHING. It seems a pretty standard failure rate for ANY business ...

A Little Something To Motivate You

This totally nails it. Arbitrary stop sizes are kind of ridiculous.

Very small stops (from 3 pips), ridiculously high RR (to 1:30)

I must be a very slow learner, but after ten years and many many thousands of dollars in tuition, I can safely say that I have turned the corner in to consistent profitability in the last 6 months or so. Sure enough, it has involved all the ...

Are you profitable?

Going with the flow. Its amazing how many mistakes you can make, but if you continually course-correct, you can end up ahead. The market seems to tip its hand quite often, but the trouble is recognizing its cues without a predisposition of ...

What really works?

I absolutely didn't mean to be chiding, so I apologize for coming off that way. I think my attitude simply stems from perusing these and other boards for years and observing that no one has ever or will ever be able to explain short term price ...

Your Opinion is Welcome on the GBP/USD Decline

In any way whatsoever, does it HELP to try and figure this information out? If its just for the hell of it, I get it. If its to try and make money, then fahgeddaboutit.

Your Opinion is Welcome on the GBP/USD Decline

Among other things, one of the greatest things that forex has reinforced is that most people know very little of what they talk about. Often, those that say the most know the least (check the interactive trading threads for proof). I also learned to ...

things you learned from forex and improved your life

There is no such thing as being overbought or oversold. Save yourself the trouble now of chasing something that can't be caught. There are far more pressing things to take into account, such as trend breaks, SR breaks, and severe candle patterns. ...

Best Overbought/Oversold indicator?

Wait for something to happen. Hitch a ride until the gas runs out. Constantly update your stops.

What is your secret and edge?

Maybe you don't follow the rules because nothing is at stake. You started with a very very very tiny $100. So it means nothing to lose it. You are in actuality probably trying to turn that $100 in to $1000 very quickly, which means taking big risks ...

When my mind is on tilt...

I completely agree with you that you need an overall mathematical strategy in order to succeed. Focusing on perfect entries and exits is to get mired in the details. Its also likely not possible to be profitable every day, but perhaps is best to ...

Trading strategy is very important

Couldn't get momentum up. Hmmmmmmm.

EURUSD

I think you're confusing "imaginary" with "interpretable". There is certainly nothing imaginary about a path of tendency for a plottable instrument. But of course, it is open to interpretation, depending on other factors.

EURUSD

no need to fight this currently.

EURUSD