Since the market is more or less random, having a stop loss = tp makes your chances of winning about 50%.. i'm not saying that it's easier or harder, what i'm saying is that having a R:R ratio without W/L ratio or trade expectancy is pointless.

What do you think of Risk/Reward ratio?

Thanks for the great explanation Mr. Obvious, what i ment is you cannot know what the Win/Loss ratio for any system is, you can find out when it was (doing back testing) but that's past, and markets always change. So, to make a long story short, it ...

What do you think of Risk/Reward ratio?

R:R is pretty pointless unless you know your Win/Loss ratio as well. But i don't think you can really know what the that ratio is, since the markets are always changing. oh well....

What do you think of Risk/Reward ratio?

LOL, where is the thread starter?

C-Trader 4% a month for 3 months - results live

Again, there is a big difference between Interactive Brokers and InterbankFX, InterbankFX is a market maker, that means that every order you make, they take the other side. So for them, it is much better for you to loose all of your money so they ...

Complete Brokers ?

They are not a scam, no... however, i've had a Forex trading account with them, and i was very disappointed. I would get requotes all the time (during quiet hours) and in general, execution was very poor. If that experience is anything to go by, i ...

Complete Brokers ?

Indeed, that's why you need an ECN broker. Best of luck, Vlad

News trading help

try Interactive Borkers

Complete Brokers ?

I agree, if no cut, the dollar should strenghen quite drastically... for how long? Ask a crystal ball...

US Releases-10/31/2007

7:00am GBP image Nationwide House Prices m/m image 1.1% 0.2%0.7% Sorry, i forgot to mention this indicator. Recently, as you might already know, housing is very in focus. Due to sub-prime problems. Also housing is generally a good indicator of the ...

News trading help

My thoughts exactly... Hold on untill you get a margin call would be the best strategy!

How many pips or % to quit?

As a rule of thumb, if the price didn't move more than 20 pips in the first few seconds after the release, the report is not worth trading. The next report worth watching, is the US GDP next wednesday... and so is the CAD GDP, ADP Non-farm, and USD ...

News trading help

Why would it go up? (or down for that matter) Everything came out as expected...

News trading help

Home sales, came out lower than expected... 5.04 million this is bad for the USD... hence USD/JPY fell... if you look at the charts, EUR/USD and GBP/USD went up, but only like 10-15 pips. with my entry, i got stopped out for -10 pips loss. Not the ...

News trading help

1. q/q - Quaterly number - Quater over Quater, y/y Yearly number - change for the last year or Year over Year, (p) - preliminary number, (r) - revision 2) - T - number in trillion, B - number in billion, K - number in thousands - xx % - change in ...

News trading help

best advice for most people would be to forget the whole idea of trading forex and run while you can....

I am a beginner in forex

Haha, that's funny, interbank quotes widen during the news... it seems pretty reasonable that brokers increase their spreads as well. otherwise they would be risking a loss...

Profiting from Broker Quotes

No problem, Forex Sceptic to the rescue P.S. I've looked at yout blog, nice reading list, i've added half to my wish list. I've read Against the Gods... brilliant book! Also, well done for sept..

Approaching FX using Dow Theory

Now i don't know about that... sounds like another forex myth! I've writen about this before, so here it goes again: I've recently read an article in Currency Trader magazine : www.currencytradermag.com (latest issue) (it's free) which basically ...

Approaching FX using Dow Theory

Perhaps the question should be, why 95% of systems fail? The thread started implies that the trader is the cause of losses... Markets are damn difficult to beat, the odds are against you, this being a negative sum game and all. Good disipline and ...

Now I know why 95% of traders are on losing side