The probability of hitting the correct trades are going to be lower in such a case, trust me. Pull out any chart, change it to monthly and consider where are you going to enter and where are you going to exit. Hitting 500 pips in a month on 1 trade ...

shortterm vs longterm trading

Ok, this is great. So let's do some little math. You were risking 2.5% on the trade, which was 250 pips. Excellent. If we assume that you are using 1 mini lot, this means that the 2.5% = $250, and means that your account is $10,000. Nice. This means ...

shortterm vs longterm trading

I agree that you can control your lot size, but I don't agree that you will be able to keep the risk at 2%. If you are long the dollar in 3 or 4 different pairs, you actually have 1 position. That's 1 trade, long the dollar. If for every trade, you ...

shortterm vs longterm trading

So what's the risk factor you are using if it's not the stop loss you are willing to take?? Thanks, Nader

shortterm vs longterm trading

Thanks a lot...Common sense always makes sense... Thanks, Nader

Mathematical reasons why MOST DayTraders & scalpers fail?

Unfortunately, I don't have any links for such a topic...lol...I wish I have... Yes, I can understand what might happen to the whole world if a currency like the USD is left to free-float. Complete disasters based on the hysteric emotions of the ...

Forex as a system... Who benefits? What internal rules exist in FX?

That's why I love Math so much You are perfectly correct. Whatever the numbers are or the initial deposit is, scalping is not the right way in my opinion to trading. Many people get astonished when they read in the terms and conditions of their ...

Mathematical reasons why MOST DayTraders & scalpers fail?

You can replace the "Market or security" term by the amount of Dollars the account holds Thanks, Nader

shortterm vs longterm trading

Is this a thread about the old theory of the conspiracy of the financial markets ?? I am not a supporter of this theory. I agree and am convinced that the markets are tilted and manipulated for the benefit of some organizations and for some people, ...

Forex as a system... Who benefits? What internal rules exist in FX?

My opinion, as the number of your trades increase, as the percentage you are going to be right increases. If you are trading currencies long term, say a trade in a year, now such a type of trading can be more emotionally and financially stressful. 1 ...

shortterm vs longterm trading

Volatility mentioned is the volatility of the of the return of the leveraged investment. If you can buy penny stocks using 200:1 margin, then I think this will make it the most volatile instrument in the world. It's not the base price which you base ...

shortterm vs longterm trading

Forex is a 24/5 market not 24/7 man... They need to rest as well and we traders need to rest too Thanks, Nader

Help...with FXCM

Only read or listen to the most reputable and honest salesmen out there. Try hard to find out about the reputation of the salesman before questioning what he/she says. Those are few, but they exist, and people know them and know that they are good ...

Guru hype

Check with them, some brokers have a minimum account size so that you can ear interest when you are long the correct currency, otherwise, you will have to pay rollover whatever your position is. For example, if your account is below $10,000, you ...

Rollovers

Ya, you can do that, but you already knew many things about the old pair (wife) so when you change the pair (Wife), you will need some more time to understand what's going on..lol... Thanks, Nader

Is having a defined trading system so important??

So where is the problem then??? You seem to have good risk control as far as I can understand from the numbers you mentioned?? If you mean what you mentioned in your first post of the thread, then people are right, hundred lucky trades will be ...

Position size - Looking for an advice

Let's compare the 2 situations. You have a 80% chance to win $4000 and a 100% chance to win $3000. In the first scenario, every 1% of winning probability will give you $50. In the second scenario, every 1% proability will give you $30, so you go ...

Test for newbies

It's all about personality Meedo, your personality and the market personality. It's like a match between both. The market simply didn't accept the ways you were approaching it with..Think of the market as your wife, or the pair as your wife, she can ...

Is having a defined trading system so important??

Many other brokers charge your demo the rollover exactly as the live account, you can work your way out with one of these, and then use the live trading with forex.com...Very simple Thanks, Nader

Rollovers

My opinion, wise traders don't lose everything because of random events outside control. That's why people apply risk control. Not to limit their lossed, but to manage to live after random events, things like 9/11, London Bombings, tsunami and so ...

Fooled by randomness