The only thing that gets my attention is that 900,000,000 has been redistributed to other traders. YES. I'm in. FT

BUFFET loses $900 million on USD

Fundamental trading is a different game. It has been suggested that Buffet was not hedged on this move but I've not seen proof. To think that one single position somehow defines his trading does not make any sense to me. Traders and investors who ...

BUFFET Loses, It gets even better...

BTW just an FYI for those of you who buy that Bill is the richest man in the world. Not a chance. He IS the richest taxpayer. There is a big difference. There are richer, much richer, men than Bill. The richest man known in really big money circles ...

BUFFET Loses, It gets even better...

url is one site where it is available. Also search any search engine with VantagePoint. FT

where is vantage point software available

In order to use wise money management you may want to consider thinking in terms of position size determining pip value. When you make the statement "In my account a pip is worth .50" it seems to indicate that you think of account leverage as ...

Just went Live

When the market reverses at big numbers it almost always overshoots them first. Often as much as 15 pips but more frequently around 5 to 10 pips. I've rarely seen the market stop exactly at a big number. A frequent scenario is when the market heads ...

Golden rule: trade the trade!

Due to recent problems with Genesis I'd recommend against them. I've had a dispute over charges which they claim were told to me incorrectly. They gave me the option of cancelling with only a 75.00 charge for the three months I used them. The ...

VantagePoint discussion thread

James16's chart thread is loaded with good information. Mudbuddas system (may have to search back for it) is a good solid money maker. Also check dialists posts he has a lot to say that is useful and Merlin himself has the real stuff. Once you've ...

New Trader , looking for info

Welcome Dan. There is NO average number of pips per day that a SUCCESSFUL trader makes. If you can learn to consistently capture an average of 5 pips a day you can make a good deal of money if you have good money management, almost no losing ...

How many pips is realistic?

What do you think of IBFX so far Jim? FT

Interbank FX

I've read some of the "alternate reviews" on other forums including elitetrader and with all due respect to any successful traders who post on elitetrader I'd say that most of the comments I read were significant distortions of facts. While I agree ...

VantagePoint discussion thread

You're on the right track. What I'd do first is try to get the largest drawdown to less than 30 percent. In fact initially, in consideration of all the factors previously mentioned (including your win/loss ratio). Having done that I'd arrive at a ...

My first attempt at Money Management

I could write a book about this but to keep it as simple as possible I'll just suggest the following: Unless you have a high win/loss ratio (better than 50 percent) and small stops (like 30 pips or less) your drawdowns without money management ...

My first attempt at Money Management

I think some important information is missing like how much history you have. How frequent are your trades? How big are historical drawdowns? How long have you been trading this system? How much trading experience with a live account do you have? Is ...

My first attempt at Money Management

So how does that work? What do you mean? -- betting 5 percent on a given trade? Do you mean you are going to bet 5 percent of your account on one trade? If so that is really high for starting out. You'll blow out an account pretty quickly that way. ...

Get millions or commit suicide!

My friend I hope I didn't confuse you when I said go ahead and blow your account out with high leverage. What I meant was trading leverage and not the leveage setting on your account. By all means use the highest leverage setting on your account or ...

Get millions or commit suicide!

compounding is how you make real money. Go ahead and blow it out of your system if you have to. Lose that first thousand with high leverage so you can find out exactly how it is done and then you will not be confused about the dangers of high ...

Get millions or commit suicide!

I thought about a variation of this a couple years ago as a potential strategy for undisciplined traders who could not cut their losses. Load up the max number of contracts your margin allows and let the broker stop you out on a margin call. The ...

Get millions or commit suicide!

There are far too many people who would disagree that the system helps them trade with amazing accuracy for the system to be called what it is. However to defend the system as a viable one seems legit to me but to say that it makes trading the forex ...

Some Common Sense re: Systems & Software

I think moneytec is a good example of what you are talking about Jim. The fact is that spammers create a lot of trouble on forums as well. Mostly trashing competitors products and all the defensiveness that goes with it. We like to keep the conflict ...

Some Common Sense re: Systems & Software