Hi Plukin: As you already know, Forex brokers offer much more leverage to their customers than Futures brokers. Let's say you have a nice trend-following Futures trading system that gives you a 20% annual return on investment on average and your ...

I've figured out why so many people lose money in Forex

No harm done Art5 (and Chris), it was just a simple misunderstanding. Thanks.

Gordon Gekko's real-time Forex trading calls

Sorry to hear about your sudden loss after that SNB tsunami. This of course can never happen in the option market, because the most you can lose is the small premium you pay for the option, even if the value of the currency pair (or the commodity) ...

Million dollars dream - starting from $1000

Ok, so here are the trade results since the beginning of this Journal. Long EUR/GBP at 0.7338, 21 pip stop: break-even. Short GBP/CAD at 1.9475, 52 pip stop: break-even (like I said I closed half of my position after winning 50 pips and then I moved ...

Gordon Gekko's real-time Forex trading calls

The only way to turn $1,000 into 1 million in a year or less is to pyramid your winning positions to the limit. Or you could buy tons of very deep out-of-the-money call or put options in the Futures currency market and wait for a miracle. Those who ...

Million dollars dream - starting from $1000

Hi HuntingPips: Is it possible to locate the maximum drawdown of each system (not necessarily yours but in general) ? I looked everywhere but I could not find this vital piece of information, am I missing something? Thanks.

Million dollars dream - starting from $1000

Holding this short GBP/USD position for just 3 more pips would have allowed me to pocket almost 200 pips in less than 24 hours, plus and additional 200 pips on the second short position (total 400 pips). Oh well.

Gordon Gekko's real-time Forex trading calls

Proof? What proof?? I opened a position, the stop was set at 57 pips, the market moved against me and threatened my stop so I simply put an additional stop order in place (which was designed to close the position at break-even). This second stop was ...

Gordon Gekko's real-time Forex trading calls

And the idea that Chris (if that's his name) could be dead wrong or simply mistaken never entered your mind? You truly believe that someone could post real-time, time-stamped Forex trades with specific stops but somehow manage to "hide" any ...

Gordon Gekko's real-time Forex trading calls

First of all there is no need to be rude. Secondly, and more importantly, you obviously did not understand my post at all . Reread it carefully, I clearly said and I quote: "if the GBP/AUD price touches 1.9570 (the initial selling price) this ...

Gordon Gekko's real-time Forex trading calls

Stop has been moved to break even, if the GBP/AUD price touches 1.9570 (the initial selling price) this position will be closed. There is no point arguing with the market, this position is obviously not behaving the "right" way, for the simple ...

Gordon Gekko's real-time Forex trading calls

Wrong. Dollar for dollar and percentage wise, you will make much more money if you trade the Forex market versus the Futures market, if you are winning. It does not matter if you save a couple of dollars with a Futures contract, commission wise. ...

I've figured out why so many people lose money in Forex

Long GBP/AUD position is now live.

Gordon Gekko's real-time Forex trading calls

Long GBP/AUD at 1.9570 (limit order), 57 pip stop. GBP/AUD is currently about 25 pips above that price. This will be the last trade order for today.

Gordon Gekko's real-time Forex trading calls

The stop located at 1.5252 has just been hit. So far, the total loss for today is 48 pips (32 pips on the first short position and 16 pips on the second short position).

Gordon Gekko's real-time Forex trading calls

Exactly. That's why it is extremely difficult to make money scalping the market for 3, 5 or even 10 pips. For example, if a trader is looking for a 2 pip profit (with a 2 pip spread), he will need to win at least 75% of the time to have an edge. ...

I've figured out why so many people lose money in Forex

GBP/USD now testing the 50% Fibonacci level (from 8AM to 12:15 PM, NY time)...

Gordon Gekko's real-time Forex trading calls

Shorting again at 1.5236, same stop.

Gordon Gekko's real-time Forex trading calls

GBP/USD has been stuck in a 55 pip range for more than 24 hours now, a breakout is about to happen, one way or the other...

Gordon Gekko's real-time Forex trading calls

Selling GBP/USD at 1.5220, 32 pip stop. The system is currently experiencing a small drawdown (154 pip loss to be exact). Most of the previous positions went at least 40 pips in my favor before reversing direction and hitting the stop.

Gordon Gekko's real-time Forex trading calls