European, Asian and Middle East customers perhaps.

FXCM and CEO Drew Niv banned from US market by CFTC

So far no comments on the FXCM website ( url ).

FXCM and CEO Drew Niv banned from US market by CFTC

But FXCM UK, Australia, etc... are still going to continue their operations I believe.

FXCM and CEO Drew Niv banned from US market by CFTC

Oh boy!

FXCM and CEO Drew Niv banned from US market by CFTC

Not sure how you still manage to make trading decisions with all these trendlines and support/resistance lines, Bones. Quite frankly I get dizzy just looking at them. Anyway, the most important thing is to make money at the end, one way or the other. ...

Cable Update (GBPUSD)

And on the 1h chart we have a nice hammer and a confirmation candle two bars later. A retrace is also still expected after that (almost) 300 pip down move, at least to the 23.8% Fib level, so I would say the odds favor an up move in the short term.

Cable Update (GBPUSD)

Well, see all these inside bars (candles) on the chart ? That usually means that the intra-day down move is not that strong and could easily go the other way and break through the high of the day.

Cable Update (GBPUSD)

In other words you are not trading with very specific trading rules. It is impossible to maintain any kind of discipline if your trading rules are not specific enough. Not only that but you must be certain that these trading rules will give you a ...

Most traders fail because of no discipline!

Yes you are right, in the short term anything is still possible. However, if you are uncomfortable with the recent price volatility, you can still use cheap deep out-of-the-money put options to bet on that possible 2000 pip down move of the euro. ...

EURUSD

Don't laugh but I read somewhere (I believe it was an article in Futures Magazine) that there is a high correlation between sunspots activities on the surface of the Sun and the price of wheat and silver Futures.

Most traders fail because of no discipline!

Not necessarily, if your timing is good. The trick of course is to find the correct resistance line before initiating the short position, the rest is just pure gravy.... Or you could pyramid your position all the way down (play with the house's ...

EURUSD

In the long term it's a 2000 pip down move for the euro. Short just 13 standard lots and we are talking about a cool quarter of a million bucks profit! Yep, a life changing experience indeed ...

EURUSD

Trading profitably requires a lot of discipline, but it seems that refraining from posting off-topic comments requires even MORE discipline, hahahaha

Most traders fail because of no discipline!

On the monthly chart of the euro there is a completed Head and Shoulders formation already in progress. That means that the EUR/USD could drop to $0.90, according to the measured move concept for such chart patterns.

EURUSD

True. But even if you apply good money management techniques and are 100% disciplined, how do you know if your trading system has indeed a trading edge to begin with? More than 90% of traders, here on FF or elsewhere, are totally unable to answer ...

Most traders fail because of no discipline!

Very simple : poor or no money management. That's the second most important reason why most traders fail. They trade, trade, trade, trade, trade (making small profits along the way) and then one day they let a small loss turn into a HUGE 75% ...

Most traders fail because of no discipline!

A-B-S-O-L-U-T-E-L-Y! Great post my friend, right on the money!

Most traders fail because of no discipline!

Absolutely. Give even a mediocre trading system to a disciplined trader and he/she will make money in the long run. Now give the best trading system on the planet to an undisciplined trader and he will blow up his account in no time.

Most traders fail because of no discipline!

Not necessarily, your total gains must simply be higher than your total losses. You could lose 70% of the time and still make a killing.

Most traders fail because of no discipline!

The risk/reward ratio of a particular trading system is of course the average winning trade divided by the average losing trade (not to be confused with the Win/Loss ratio). So if your average winning trade is $200 and your average losing trade is ...

Most traders fail because of no discipline!