Account blow-ups — Until I started lurking around at FF last year, it hadn't occured to me just how common the "I've blown my account" scenario really was - even though a broker friend of mine has cited some interesting figures about how often ...

Some lessons from the real world

Though I've already replied above, I think I can make a useful contribution here by pointing out a practical exercise that could be used before purchasing a trading robot (or copying one from this website I suppose) OK - so before you go buying or ...

How many of you are using Forex Robots?

Here is my view on this topic: url Yes, I sometimes use an EA to assist with exiting hedged trades when a total equity target is reached, but beyond this I have developed the view (rightly or wrongly - I don't care) that any "system" that can be ...

How many of you are using Forex Robots?

An interesting post here by FX-Petra. If we assume the scope of your statements apply to the study and trade execution of a single instrument, in isolation, then you may very well be correct. But if we broaden the view of trading to include the ...

What is your edge?

Hi Leon Lorenzo - for what it's worth I think you raise a worthy line of questioning. As to whether you will gain anything worthwhile from the responses is another matter of course, but it certainly doesn't hurt to ask. OK - so I have a Bachelor of ...

What kind of person can trade?

My "edge" is my practical trading METHOD. It involves bloody hard work, the willingness to think, learn from mistakes, adapt, in staying humble and in seeking satisfaction in learning that previous held assumptions are simply not correct. The edge ...

What is your edge?

The good old "I just want 10 pips per day" approach. Here is my humble opinion on this: url

Poll: What is the best way to make a few pips a day??

Dutch Trader - your poll and the comments in your first post are asking for different things - % made on all forex deposits vs % return PER MONTH - was that intentional? Also you may have more willing contributors if you clearly state the purpose of ...

How much do you make a month?

Will you be able to find or develop a retail EA that might make a few quick $ in the short term? Possibly. But what is more likely is that it will eventually fail, and you will enter the cycle of EA-jumping until you wake up and realise that trading ...

Which EA is making money for you?

I'm not sure that it is a worthwhile activity to make judgement on a "system" (assuming here you are talking about defined rules for entry, exit, etc) without an appraisal of the trader - their intelligence, knowledge, experience, capacity for ...

How do YOU judge a soundly based system?

....whatever - the sky may be falling, or it may not be - though I doubt we'll find many suitably qualified commentators posting on this forum (if anywhere at all for that matter), but the point that seems to be missed here by many is that someone ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Averaging into a trade as part of a pre-determined strategy, and with pre-determined limits is quite acceptable (for me) - I regularly do it when trading divergence between index futures, where the trades that initially go against me are the ones ...

why is everyone so afraid to average down?

Yes, with the help of hindsight a great deal of technical analysis can be deemed to be "accurate". Easy to spot the good ones I suppose. I wonder how many failed 'head and shoulders,' 'double-bottoms', 'double-tops,' 'double-arses', and 'large ...

Perfect Head&Shoulder in Dow >> Massive Crash Again

Please forgive me for being a wet blanket, but I like to keep it real: There is no such thing as an "easy" pattern to trade. And what is "most profitable" with the "highest percentage of wins" has close to nothing to do with a "pattern" or set-up, ...

easiest and most profitable

System hopping is a common behaviour amongst many new and unsuccessful traders. Attached to this behaviour is most often the feeling of frustration, sometimes desperation. I believe the inputs to the behaviour most often relate to several false ...

Motivation in trading...

EXCELLENT post hanover, from so many perspectives. One for my reference file... thanks.

On the topic of BS in trading forums...

In addition to the above, Hanover's previous post (#67) has just triggered a big light for me too - the above realisation came into being not long after I stopped listening to other people's advice about trading - when I realised that many people ...

AHA moments in your trading career

If you wish to "acquire" this "ideal character, mindset and mental attitude" then I suggest not to focus on "acquiring" it, as many traders assume needs to be done. Rather, my suggestion is to focus on developing a robust trading methodology built ...

Some Advices before Entering Forex Trading

Realising that (for me) it was far more difficult to trade a single instrument to try to exploit its "probable movement" than to understand the relationships between different instruments and to exploit their commonalities and differences.

AHA moments in your trading career

Wisdom? Perhaps not. Reality? More likely:If you've been trading for at least 2 years the chances are that you are still trying to get it right - the best way to turn the corner is to stop searching forums for the answers, but to instead crawl up ...

Nuggets O' Wisdom