Saying binary options are better than spot is an oversimplification — 1. Options and spot have different purposes for whatever your trading objective may be. It's not like one gives you an edge. The benefit of not getting stopped out is ...

Why Binary Forex Options are better than Spot Forex

the danger of optimization — John, I would respectfully caution anyone from engaging in heavy backtesting and optimization. No matter how many prospectus and disclosure documents from funds state that "past performance is not indicative of ...

Do you still believe in the perfect trading system?

What is an edge? — I would venture to say that an edge comes from recognizing opportunity rather than from techniques or simply taking on risk. It's easy to assume that because price has dipped that it is at a discount, however, buying on a ...

How certain can you be that you have an edge?

Re: Surprise by trader certainty polls — I was also surprised by the results. Apparently we have a good deal of profitable traders here. Would anyone care to share in one phrase what type of method they use? I'm curious to what degree ...

How certain can you be that you have an edge?

Re: certainty in the randomness of the market — Hi Gspajon, I agree with you that there are an infinite number of variables affecting price at a given time, but what I'm stressing is that the information that the majority focuses on at a ...

How certain can you be that you have an edge?

Re: Is there a holy grail? — If by holy grail you mean a system that churns out money if you follow it blindly, then yes-- temporarily. Traders here who have been around long enough realize that markets evolve. If traders don't adapt to these ...

Do you still believe in the perfect trading system?

More web 2.0 features to come — Cool, I'm glad the FF crowd is finally catching on to the Web 2.0 stuff. I've added you Stefant. I started a thread on persuading FF to integrate more of these features (i.e. Digg, Stumbleupon) to get more ...

Twitter - a great platform for traders?

Re: psychology — Your Eureka moment is key! I completely agree that traders overcomplicate things. Regarding your question, it was a good thing. It caused me to realize that my future performance didn't depend on my past performance so losses ...

How certain can you be that you have an edge?

Re: how to become certain you will be profitable — I believe it took me around 2 years to really learn how to trade, but more years than that to feel confident that I was profitable, even though my track record said I was profitable. You must ...

How long did it take to become consistently profitable?

Where's your edge — Hi Hanover, I'm replying to the original post. The approach looks fine except I still don't see an edge. The positive results that you see are a result of frequent high probability wins, which is characteristic of many ...

Important – Why systems are profitable (or not)

Re: mental stops vs hard stops — I use wide hard stops to ensure that randomness doesn't stop me out from getting profits. However, I will put in mental stops that depend on information entering the market. So if some information comes that ...

Mental stops vs hard stops

Time committment for a position trader — Hi, I trade currencies on a daily to weekly scale and it requires 1 hour each morning during New York hours (I do a lot of homework on weekends though). It used to take me much longer back when I was ...

How many hours do you spend in forex trading per day?

Having a framework is more important than a system — Hi, I'd like to add to what some people said about "systems" earlier. A system in itself is not enough because it is usually based on the system-maker's interpretation of the market during ...

Successful Forex Factory Systems

Re: George soros trading style — Hi guys, I'm glad rabid mentioned leverage. We have to remember that "markets can remain irrational longer than you can remain solvent" (I believe Keynes said that, but correct me if I'm wrong). Shorting the ...

How George soros made his billions

Re: dollar rally, recession — The dollar rallies because US assets (treasuries) are perceived as a safe haven for investments right now. Even though the US GDP comes out bad (as opposed to that of other countries), the rest of the world ...

Poor GDP number and dollar rallies??

On climbing to the next level — Maheswara is right. Let me add by saying it's not enough to "hope." Your goal is your driving force, but like a plane corrects its path while on autopilot you must take action when you vere off course. Learn ...

The 5 Steps to becoming a trader

Re: behavioral economics — Excellent post. I don't think enough traders realize how important behavioral biases are in trading. Most are concerned about correctly analyzing the market but they don't realize that that it's impossible to ...

Behavioural Economics for Traders

Fundamentals, technicals, and Randomness — Yes that's true, it's useful to use both, but technical analysis especially leads to many illusions (particularly in the short term) so timing is more difficult than it seems. Technicians who are good ...

technical analysis -or- fundamental analysis

Re: saxo — Saxobank is decent for retail FX traders, but they royally rip you off on the spread (Eur/usd should not be 18-20 pips.It's 5 pips for CME. I know CME futures should have better liquidity, but prime brokerages trading interbank fx ...

i need broker for option forex