Please explain why going for the highest leverage you can find is important to a trader. I never understood why a non-broker would advise someone to seek high leverage.

Trading Style & Leverage

That's really kind of you! How many brokers have you taken out so far?

Stop Hunting

Here's the math for everyone to see: First, a simple formula for calculating how much money you make from interest rates. Contract Size * [(Rate Difference / 100) / 365] = USD Let's say you find good negative correlation between a long GBPJPY and ...

How do you use correlations?

He who pick bottom get stinky finger.

CounterTrend Trading

I said there are very few reasons to hedge in Forex. If you have one, I'm happy for you.

How do you use correlations?

Nothing personal. I don't know you or your system. Most hedgers in Forex who traded correlated pairs against each other are spineless. That wasn't my first choice of anatomy.

How do you use correlations?

There are very few reasons to hedge in Forex. The only legitimate one that I can think of is a carry trade where you are trying to capture the interest rate differential between two pairs. That's great if you have 6 months and are happy with a pip a ...

How do you use correlations?

Here are some generally accpeted statistical guidelines where "r" represents the degree of correlation. Note that the same would apply to negative correlations. "r" ranging from zero to about .20 may be regarded as indicating no or negligible ...

How do you use correlations?

We've all had this question. I answered it by reading books like trading in the zone, market wizards, and a number of other books. Any time i saw a sentence that discussed a habit of a successful trader I wrote it down in an index card notebook. If ...

What is a "sucessful trader"?

This is very true. I have tested various systems that use fixed stops and targets and over time, nothing else could beat them. In a data series there is an average target and loss. If you adhere to those values they will grow your equity. The other ...

The Best Way To Choose Exits

I actually corresponded with someone at the FX Marketplace on several occasions. I asked them this question specifically and the answer was NO to retail. That doesn't mean that your broker couldn't join in a year as an institution and pass that ...

Broker Complaints …Get over it!

I couldn't agree more! Afterall, isn't an exit in one direction a potential entry in the opposite direction? I realize this may not always be the case but the fewer indicators you use and the more ways you find ways to use them in unique ways the ...

The Best Way To Choose Exits

Well, he's posted 73 times so you would have $3.65

Broker Complaints …Get over it!

R is risk not reward.

Correct Money-Management using Price-Action (huhh??)

Dial, maybe that's the way you teach your dudes but the rest of the trading world is just the opposite and consider the intial risk to be 'R' not the reward as you suggest. You always know your R value. You can not know your R multiple until you've ...

Correct Money-Management using Price-Action (huhh??)

You just pulled them out of your hind quarters and they magiaclly worked? Most interesting.

Thinking of a system.

I'm curious to know why you chose those nunbers since you are anti-optimization.

Thinking of a system.

Just a quick thought: If trading is 80% mental, then why wouldn't 80% of your book purchases address the psychology of trading? As the saying goes....trading is 80% mental and the other 20% is in your head.

Raghee Horner and Kathy Lien method

Don't stop studying! If it stimulates the remaining cells and gives you some ideas then it's worth it. I have shelves full of books thanks to Amazons "one click" button.

Raghee Horner and Kathy Lien method