Hey mades, Thanks for the reply. I understand how Kelly works. The whole point of the exercise was to follow the rules set forth and see how it turns out for Forex trading. The rules stated to use the last 50-60 trades. I took the larger sample ...

Money Management Theory

Hello All, Some colleagues and I had a discussion this weekend on Kelly Criterion Money Management which is popular in the high end of Equities and Bond trading. When it comes to money management, I am always listening and looking for new ways to ...

Money Management Theory

Hello, Thanks for posting. You are taking what I said, literally. Also i said 1 pip 99 times loss not 10 pip. Of course in realty that wont work since most will give up and move on before losing 99 in a row. My point was to show that win % is a non ...

Money Management Theory

Hello Wise-Jedi & thank you for posting, I bet on money management. Let me suggest 1st you stay away and get out of your mind the notion of win percentages. Win % is completely useless. If I lose 1 pip 99 times and win 1000 pips once, I have 1% win ...

Money Management Theory

Hey All, Been gone for awhile but I'm back. BUMPing the thread. Money Management is just as important as ever. Always build a mm strategy into your trading strategy. See you soon. - Ric

Money Management Theory

Two words, money management. - Ric

reasons why traders lose

You really must stop focusing on win rates %. If I lose 1 pip 99 times and win 1000 pips once, I have 1% win rate and I would be more successful than 95% of traders. As of right now My win rate is around 35% for 2020 but I win more that I lose. ...

How to optimize a Trading system So That win % or RR increase

Hello, Have you live forward tested yet? If not, then it is a moot point. Back testing, manual or otherwise, is used to demonstrate the viability of the trading system/style/methodology. Forward testing on DEMO is training you how to trade that ...

How to optimize a Trading system So That win % or RR increase

Sorry but you are dead wrong. There is a huge difference. Demo has no consequence and live does. - Ric

Got advice for a rookie?

Same, I have never had a withdraw issue. Keep us posted. - Ric

OANDA Discussion

good enough? that is a matter of opinion. if you average 1% a week and compound and you don't withdraw but once a year that is a ROI of 67% pre -tax. Is that enough? In fx you can not rely on steady income. Maybe quarterly, I would not count on ...

In FOREX, is 10% return per month good enough?

No. Back testing is used to demonstrate the viability of the trading system/style/methodology. Forward testing on DEMO is training you how to trade that particular style and to prove it works the same way you tested. Finally you must go live. Go ...

Demo vs Live Account

say for the last 3 months did you 1) lose money No 2)make money Yes and in your opinion, do you agree that the only side who makes money on forex is FX companies themselfs, and of course Interbanks. No I disagree.. Also it is more like 95% of ...

90% of traders lose money! True or False?

Oh cool your back now? Nice. Can you reply to post 6323 & 6324? Thanks, - Ric

OANDA Discussion

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reasons why traders lose

"A man is not complete until he is married. Then he is finished" - Zsa Zsa Gabor

EURUSD

That is unfortunate. Oh well. I guess I will stay where I am. Oanda works for me even if it is expensive. Been with them for many years and never had a issue. Yep finance charges are high if you trade past 2 pm PST each day. Spreads are not the ...

OANDA Discussion

Ok fine. I can understand not recommending anyone in particular. How about you just tell us your brokers name? -Ric

OANDA Discussion

You keep crapping on Oanda and other usa brokers, who do you recommend instead? - Ric

OANDA Discussion

1) Forex is a business. Period. Forex is a business. In Forex you are in the business of buying and selling international currencies for profit. Your “product” for lack of a better term is your cash. As with any business you need to make sure you ...

Got advice for a rookie?