We are humans and most will never admit that they can't do something. Ever heard your friends boasting about something only to find out that they are actually not that good at it? I believe the 95% to 5% figure is true. And almost every success ...

95% traders go broke, only 5% survive

Hi Razorjack, Makes complete sense to "build" the position over time. thanks for your reply.

Identifying Market Swings - Medium and Long Term Trading

Hi Razorjack, thanks for posting your thread, you got some pretty interesting ideas. I was wondering, now that you are more an investor, do you still use technicals to identify entry points or just enter trades based on fundamental ideas and wait ...

Identifying Market Swings - Medium and Long Term Trading

not really, I trade without "chart indicators", as they are complete nonesense. However, economic indicators and political actions can lead the way in the long-term. and not sure why half of the FF community has problems with pronouncing my username ...

Reverse your trades = Profits

true, but not with some crappy indicator.

Reverse your trades = Profits

sounds like a bad idea to play a trend, when we are in a consolidating environment on the weekly.

Trend Trading All Pairs

maybe it would be more useful to show people your technique of predicting reversals. Or do you just identify them by feel? Just throwing out charts is not very useful to anybody. I can also post some charts with trendlines up and down and a bogus ...

2013 forecast of foreign exchange movements

I find the people funny who say: I have given up my family, friends, and a lot of time to become a trader. Not let me ask you this: what would be the alternative? A 9 to 5 job on an assembly line? Or for the ones who wanna achieve more in their ...

What did you give up to be a trader?

Another dimension is fundamentals / sentiment. If price is shooting up, but through your analysis you think this is just hysteria and not a prolongued move based on fundamentals, then it very likely will stop at such a level. Then watch how market ...

The Art of Using "Touch trade" !?

Since you seem to be rather good at maths, I think you are looking for information in the wrong crowd. There is so much written on risk management by banks and universities who really try to base their results on some solid ground. I think most ...

Expectancy Management

opening up a company just for trading is not a bad idea per se. If you open up one offshore you could go years without paying a dime in taxes and that absolutely legally. Of course, when you wanna get the money out you need to pay income tax, but ...

What is the Process and Cost for Setting Up a Hong Kong LLC?

Congratulations, you found a thread with only one post from more than 6 years ago! You are my hero!

Swing highs and swing lows

get a real job and do trading on the side. It is much less stressful, when you know that you don't have to rely on trading as your primary source of income (especially when you are not wealthy yet).

How to get motivated?

main currencies which can be traded: usd, eur, nzd, aud, jpy, gbp, cad, chf In the markets you don't just trade the "usd" or just the "eur". Every currency is pegged to another one. for example, every other currency can be pegged to the usd: ...

Trading in pairs?

So you think that the goldman sachs, deutsche bank & citigroup traders will also go to work on saturday and sunday, just so that you can trade on the weekends too? Cause it's them who move the markets, not us small retail traders. Even if the ...

Hoping there will be a 24 X 7 Forex Market

that is a seriously low time-frame. You may want to try higher time-frames. The high frequency trading bots can take you out pretty easily on such low time-frames. It doesn't take so much money to move the markets. However, stopping lots of people ...

Are exits just guesswork?

I kind of agree, but on the other hand it's not as hard as you make it. Let's say you turn a hundred thousand into a million. Then you can take out a hundred thousand and leave the rest exposed. When you are at 10 million you can take out a million ...

What would you do with a Billion Dollar Forex Account?

seems like a short-term trend at best, not really established.

Trend Trading All Pairs

agree with everything in your post, except the thing with "In short I think your fees would increase...". Isn't it common knowledge that the bigger your size, the lower the fees/commissions become? Of course that is in percent not in absolute ...

What would you do with a Billion Dollar Forex Account?

url It took me 5 minutes to google it. Lazy ass.

What is the typical effect of reserve bank asset purchases?