Excellent thread, there is another very common myth I would include - that moving stops in relation to entry points somehow affects the bottom line. I see these mantras bandied about all the time - move s/l to breakeven as soon as possible, lock in ...

Twelve widely believed forex myths

First of all, an edge does not belong to you. It is a statistical phenomenon which you may take advantage of if you are good enough to find and exploit. To its observers, the market is effectively moving randomly up and down the majority of the time ...

What is your edge?

Any trader who thinks he has just experienced 'the' breakthrough, that moment when it all suddenly becomes clear, has a long way to go. We all experience that feeling several times as newbies, when something we learn becomes so obvious we wonder why ...

The Moment Of Victory

Both poker and forex are based on one simple calculation - odds of winning x risk/reward. In poker these odds can be calculated exactly during a hand, in forex they are estimated. Poker players who move to forex automatically understand this ...

Forex vs Poker

yeah I am familiar with this stuff, poker pays for my forex habit

Forex vs Poker

You cannot play poker on multiple accounts. Poker sites conduct random ID checks and if you are caught with more than one account you will be instantly banned for life. They will also freeze your account and you wont get your money back. Same with ...

Forex vs Poker

Some people make a lot of money from it, but I think they tend to diversify into stocks, commodities etc before they have obscene amounts of money solely in forex. If you can make money in forex you can make money just as easily in those things, so ...

Where does my profit come from?

The way forex trades are filled is probably more comparable to sportsbooks than to poker sites. If you bet on team A and I bet on team B at the same sportsbook technically we are both betting against the agency, but one of us will end up with about ...

Where does my profit come from?

"Not all participants who provide liquidity are in the market for speculative reasons, winning or losing is not the primary motive for their transactions." Thats true, but they are still losers - importers/exporters and tourists etc who get screwed ...

Where does my profit come from?

I am talking about the big picture here - the industry as a whole, not how each individual trade is handled. Perhaps you wouldnt mind being a bit more specific and pointing out the error in my ways?

Where does my profit come from?

I consider myself a newbie too and have tried about 10 different systems so far - I think it is important for noobs to go through this phase, everyone is different and what works for one may not work for somebody else. We need to find the system ...

Motivation in trading...

Hi Sunsi. I am a poker player myself although I never went professional, I am using my poker profits to get started in forex. The forex world is a lot like the poker world - it is a zero sum game in that the amount of profit made by the winners is ...

Where does my profit come from?

If anyone wants to get serious about learning online poker go to pokerstrategy.com

Poker vs Trading

lol some funny ideas expressed here. I studied and played online poker for a couple of years before switching my focus to forex, made a lot of money at midstakes (NL50, NL100) which is now my forex risk capital. while there are many similarities, ...

Poker vs Trading

AUD/NZD — Hey spinner, I already have a long position open on this. Nice analysis - price has already broken upper trendline which was tested many times, but my position is based mostly on the fundamentals which are extremely bullish. RBA is ...

Strat's Long Term Stress Free Trading

Possible, but not consistently for inexperienced traders I think

250 pips per month-realistic?

AUD caution — As has been posted already in this thread, RBA has a surprise meeting monday in which it will make an announcement on the cash rate. FF calendar predicts it will raise the rate .25% - I am far from expert but I do not believe ...

Strat's Long Term Stress Free Trading

Grail refers to the 'holy grail' of trading, i.e. the perfect system which always profits and never loses. Of course it doesnt exist - but people who find highly profitable systems like this one often refer to it half-jokingly as the grail.

Strat's Long Term Stress Free Trading

Do I have this right? — Please dont think I am taking the lazy way here, I am spending every spare moment studying this thread but just want to confirm that I have this correct. Big boss = engulfing candles on weekly/monthly chart Boss = ...

Strat's Long Term Stress Free Trading

if the brakes dont work why the hell would you want to be going over 40 anyway

Ive just been disabled in my Demo trading(account disabled)