I glanced at the first few pages... — and the last. I admire your wanting to learn at such a young age, however, 14 is the age I plan to set my grandson in an account. I believe that losing is part of the learning curve; it certainly was for ...

14 Year Old Forex Trader's Lessons

I don't really use news feeds at all except for what's supplied at FF. On a dead market like this, I usually keep it a 1 min chart and if an alarm goes off one way or the other, I check to see if the candle is 'pulsing' (hard to explain but it gives ...

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Good thing I had my email alarms. Got my 2% in. It would be nice to get a few more of these before the year's out. Let's see, back to the fireplace.

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I got my email alarms on... — So I won't have to stare at this straight line. No one is trading because they are out celebrating with family and friends. They're throwing snowballs at their lovers and then getting warm in front of a fireplace ...

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Just as long as governments don't control the exchange itself. Yes, they can influence valuations but I don't see how they can control it. They control everything else; the brokers, the retail arena, and whatever else they can find. At least Ol' ...

Do you guys find that forex trading sucks?

With all due respect, it is Pink that should be asking these questions to herself. That expectation on others will produce only misery for the simple reason that the person your are confronting will never come up to your standard of what you believe ...

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'New' is a relative term. If you are completely green to forex, I would suggest a book to you, 'Currency Trading For Dummies'. In fact I just started it, and am finding it very insightful and I've been trading for about twenty years and forex ...

Do you guys find that forex trading sucks?

For a couple of years the word 'loss' was my middle name. I've been doing this strategy with pretty much the results you describe and have blown my account twice. The third time around I lost and went down below $1000. I decided to do some serious ...

Do you guys find that forex trading sucks?

Am I the only one... — who does not use stops? I'll use them again when the market dictates it but lately I've noticed the only time I lose is with a SL only to see the market turn around when I'm out. I've been doing this strategy for about ...

Do you guys find that forex trading sucks?

No wonder I don't like cats; they're irritating. Just kidding but what's it to you if people want to post their views on a dead market. We're like fisherman on the dock of the bay waiting for the fish run (which will take place in January) having a ...

Do you guys find that forex trading sucks?

The original formula you gave was part of the iteration of a summation, and, of course, if you multiply any decimal less than one over n iterations it will converge to zero. That formula makes more sense but other than long term aggregation, I don't ...

Do you guys find that forex trading sucks?

I don't see how this formula is converging to zero: P(k>(N/2)+1) so k is greater than N/2. Let's carry it to extreme as say that N expands to infinity. Since infinity over 2 is, in essence, infinity and adding a 1, well that pretty much looks like ...

Do you guys find that forex trading sucks?

I was being a little snarky when I stated that. Yes of course some will not lose. More importantly is to learn why you are where you are at. If the safe trader is content with profits barely over cd's or 15-20% a year, then great. If you learn risk ...

Do you guys find that forex trading sucks?

Finally... — I got my 2% in for the day. It's been pretty dry.

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In my view, you are setting your probability scenario in the wrong market. I can see your formula working in a casino where the house does have a 51% advantage but not in the markets, particularly the forex market. In the financial markets you are ...

Do you guys find that forex trading sucks?

I don't disagree with that. It took me a couple years of monitor staring before I got that concept. Until you see $50 and $5000 is, in essence, the same, you will never psychologically adjust to the higher numbers. That is why I recommend people new ...

Do you guys find that forex trading sucks?

You are not looking at the big picture. Most successful traders I know do not view their trading strategies based on account value but in pips proportional to the account or in percentages. I use percentages. 1% of a 10k account is $100 then convert ...

Do you guys find that forex trading sucks?

I gave up on stocks... — because of the inconsistency. I have finally have a strategy that brings me consistent returns. I have a weekly target of 10% (2%/day) and a monthly target of 50% which have have met for the last 3 months. That ...

Do you guys find that forex trading sucks?

Demo's are good for learning a platform and learning a few strategies but beyond that they are kind of worthless. I've always lost with demo accounts. I wiped out my first two live accounts but that is simply the cost of tuition in order to learn. ...

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Since my trading strategy... — is based on a retrace, my rules would not allow me to enter into this slide. I may have to rethink my strategy for drops such as these. So far this week, I have made zip zero nada. Since my daily goal is 2%, I've ...

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