These is no such thing as a 'safe pair'! Simon

How long can I use compounding?

John, The interest that you earn wouldn't even pay for the spread. It takes about 1 day of interest to pay 1 pip. The spread is 4-8 pips depending on your broker so it won't work. Simon

Warning to Carry Traders (Perfect Hedge)

The futures value has the interest factored into the price so you will be paying it anyway. Simon

Warning to Carry Traders (Perfect Hedge)

Thanks - that was just what I was looking for. Simon

New file from Vegas is finished

Hi all, I have recieved the files from Vegas. They include some MT4 experts. I haven't used MT4 before - I downloaded and installed it but I can't work out how to get the experts to work. Anyone know how to do this? Thanks Simon

New file from Vegas is finished

FXCM don't guarantee stops under all market conditions - around announcements they will slip you. Simon

Brokers that offer guaranteed trailing stop?

Changing the rules is the job of the system developer not the trader. To change the rules, the system developer needs to make the modifications to the code and then pass the new system to the system analyser who then determines if the system is ...

A trader's job

Zazzy, Great question - I am a trader not a programmer :-). I have been using FXCM but am now moving towards Oanda because of their greater flexibility and their API. I already have a managed account with Oanda being traded via an API and will soon ...

A trader's job

John, If you are predicting that price will go to a certain level then you might want to investigate the Oanda Option price boxes. You may be able to make more money with less risk using option boxes. I am not too familiar with them but oyu may find ...

JohnFX's Price Magnets

This is a very important point I think. If you are a system trader and you make money as a result of deviating from your system, then you have done your job and have put in a poor performance. You can't control the outcome of a trade, all you can do ...

A trader's job

How does offering an opinion on FXCM promote an un-named introducing broker? I did say that I have several FXCM accounts in my follow up post. I have been trading with FXCM for about 2 year now. Simon

Is this true?

Stock market isn't a zero sum game either - the futures and options markets are the only zero sum games (when you take spread and brokerage into account, they are actually a negative sum game). Simon

Any Consequence for having too many successful traders?

Personally, I would say that you would be completely wasting your time trading 1000 Euros and only making 2% per month - that is probably around 27% PA. You would only pay yourself 270 Euros for a year's worth of work - I am sure most people could ...

YOU need to make the right decisions – constantly

Yep, you are going overboard. I wasn't giving an endorsement to FXCM, merely agreeing with Merlin's views about conspiracy theory and complaining about brokers hitting stops etc. I personally reckon that it is all crap! Mainly endorsing the ...

Is this true?

My personal opinion is that most of the trading systems that people are using don't actually work. If you were to do a backtest on them you would probably find that they had quite bad results. This is true also for many of the so called 'classic ...

A trader's job

Well said Merlin - I couldn't agree more!! Simon

Is this true?

I don't believe that at all. I don't think there are many mechanical systems that work. Any time I test a system that is posted or out of a book, they don't work. Simon

A trader's job

I hope that you lose money every time that you overide your system so that you will learn quicker that your shouldn't be doing it. This was you will associate pain with overiding your system. You already know this though. Simon

A trader's job

Claude, I am using Wealth-Lab Developer (www.wealth-lab.com) with data from dataHQ (www.forex.datahq.com) (I am affiliated with dataHQ and get my data for free). I tend to not code the money management in the systems - this is the job of the system ...

A trader's job

This is assuming that the FX market is a zero sum game which it is not! The only zero sum games are ones that start at zero and finish at zero - that is they must expire at some point like futures and options. FX doesn't expire so isn't zero sum. ...

Any Consequence for having too many successful traders?