Lets say I am trading the futures market and I have a position open. Something catastropic happens like say, a terrorist sets of a nuclear weapon at the whitehouse and 5 million people are killed. As a result, the market I am trading gets locked ...

Does longevity exist in trading?

If you can only die being struck by lightning then you are guaranteed to die by being struck by lightning. It is inevitable that you will lose all of your money if you trade for long enough. You just need to work out when the best time to walk away ...

Does longevity exist in trading?

If my broker, that I am trading an international market, closed because of a US based holiday, I would change without hesitation. I use FXCM and Oanda and neither will be closed (as far as I am aware). Simon

Trading through US Thanksgiving + UK Christmas

Remember that more volume goes through in the London session of trading than the US session. I don't take any notice of such events. My backtesting didn't stop on holidays so I trade through them. Simon

Trading through US Thanksgiving + UK Christmas

I didn't trade demo. Been trading FX for almost 2 years and stocks/CFD's for about 5 years prior to that. I see no reason why you would blow up an account if you use solid % based risk management. As long as your positionsizes decrease as your ...

How many accounts did you blow?

If you have scalable position sizing like with Oanda, then the % return on a 100, 1000, 10000, 100000 account size will be achievable by taking exactly the same trades. Your account size is irrelevant to the % return - as long as you can scale your ...

5% per day is achievable

Mean reversion systems are pretty common - there are no doubt hundreds of variations. Simon

Longer Term Trading

none.

How many accounts did you blow?

I have been trading OPM for a couple of years now. If they are willing to let you lose 15% before they will take their money out then you need to do your positionsizing accordingly. This means that if your system has a historical drawdown of say ...

Investment fund

boycie, One of the systems is a mean reversion system - if the price moves too far above the mean then you go short with the intention of the price revert back to the mean. So, everyday I place a limit order above the mean for each of the currencies ...

Longer Term Trading

boycie, I have been trading 'long term' systems ever since I started trading FX a couple of years ago. Currently I am in 3 trades which are up in total about 700 pips of open profit. I have been long the JPY since mid October. My average trade ...

Longer Term Trading

How do you know that the FX market is low volume or high volume? Simon

How do forumites trade in choppy waters

I think a more important question is when do you know that a market is choppy? Do you look back and say last week was choppy, I should have been trading my choppy system or on holiday? Is this week going to be a choppy market? I'll let you know on ...

How do forumites trade in choppy waters

Without thinking too much about what you have done the comment that I would make is that the slope of the RSI is purely dependant on the amount of zoom you have on the chart. Try zooming out a long way and virtually all the time the RSI>45 and zoom ...

trading reversal system

I think the main difference is that the price of the futures is based on the spot market. This means there are a bunch of filters between the spot price and the futures price - the so called greeks. Why worry about trading through the filters when ...

Spot Market vs Futures

Leverage must be one of the most misunderstood aspects of FX trading! The leverage that you have in your account is largely irrelevant. It is the risk that you take in the trade and the % of your capital that you are willing to lose. If you have a ...

about leverages

Hiyo, All I asked was what I thought was a relatively straightforward question. There are many claims made about what returns people could of got IF they had taken the signals with 20:20 hindsight and these claims are completely useless unless they ...

4,153 Pips In 11 Trades On The GBP This Year

Hiyo, Can you show a screen snap of your account showing your account having gone up by 5190 pips? If you have been using this service since June and the 5190 pips is since September, then surely you can show us these pips ending up in your account ...

4,153 Pips In 11 Trades On The GBP This Year

Almost, but not quite. The only markets that are zero sum are the ones that start at zero and end at zero. These are futures and options markets that have a set expiry date. Spot FX is not zero sum. AUD/USD could go up and up and up forever. ...

The Psychology of Support / Resistance

Hiyo, In 25 words or less please explain the point of this thread. Did you put it on here to deliberately provoke people? I skim read your posts because they are so long and don't tell me anything. Please just tell me what the point of this thread ...

Good Trading This Week!