"if the market proves me wrong, i am out." I see this quite often, yet never seem to see anyone stop and reverse. If you have entered a long trade because you have a bullish bias, when the market proves you wrong, why not then enter a short trade?

Are Risk/Reward ratios simply nonsense?

If people have a trade explorer they would be unable to post all their brilliant "Hindsight" trades

If it's such a great system, why isn't there a Trade Explorer attached?

I really have no idea what % of the time the market trends in any specific time-frame. It seems to me that 80% of the advice given in forums is to trade with the trend. If the market really does trend only 20% of the time, you would think that mnost ...

Forex Reality Tour #1 - Market Trend %

If you are going to BS, try to be consistant If you walk away after making 0.5% profit per day, how can you manage to average 1.89% per day? Your average will obviously be 0.5% daily or less

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

Seems like my brain took a holiday today, as well as the market I apologise, you are right Jack and I am wrong. The principle is still correct, but my example was all back to front. Sorry about that, I'm an idiot

Account in USD or EUR

Huh? I don't understand the term "hedge it back to Euros" If withdrawing funds from a AUD$ account and converting it to Euros, it is a one-off transaction and one off transactions do not incur any swap, interest, rollover charges. If I'm wrong, then ...

Account in USD or EUR

It does affect risk management, but only makes a major impact on trades with very high SL and TP. EG. With an account in Euros If you open a long position 1 lot on EURUSD at 1.3. SL at 0.65 and TP at 1.95 Although the pip movement is the same for SL ...

Account in USD or EUR

EDIT: Please ignore this post, I'm talking rubbish! If you have an account in a currency other than your own, you should ideally have it in a currency with a positive carry charge. EG. If AUD$ has a positive carry charge compared to the Euro Instead ...

Account in USD or EUR

I'll try to explain this a bit more clearly. Look at the chart on EJ assuming a 2 pip spread The trading range between the recent high and recent low is exactly the same whether your chart has Bid, Mid, or Asking price. Each candle is exactly the ...

What price do the market makers see?

You're not making any sense. Market makers SET the bid price as well as the ask price. Why would they be watching something that they set? If you set levels on your bid price chart and you want to enter or exit when price hits that level, then you ...

What price do the market makers see?

Is commision charged only on entry or on entry and exit? I recently placed a trade on GU (MT4) and the spread was 5 pips! Asian session, but surprised me as I only have a demo account.

Fxpro - Spread

The problem with arbitrage is that you need at least 2 brokers, don't you?

Broker which allow Arbitrage trading?

I don't quite understand the question here. Market makers set the bid price and they set the ask price. As far as they are concerned, they are trying to balance sellers and buyers in such a way that they will always profit.

What price do the market makers see?

It may be a good idea to close half your position when you feel that you have to "meddle" and leave the other half to either hit your SL or TP. That way your trading history will show whether exiting early has worked for you or not.

Cutting Losses Before Your Stop

If you are trading a $100 account and risk 2% per trade, you stand to lose $2 Or you may take excessive risk, who cares? It's only $100. If you are trading a $100,000 account and risking 2% per trade, you stand to lose $2,000. The fear is totally ...

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

Nobody deserves to be swindled just because they are gullible. The problem is that so many want to believe that it is/can be easy to earn a fortune from forex that they will fall for this cr*p He posted an image of his trade explorer, note that he ...

How to tell if it is a scam?

Why are you on his Buddies list Jay?

Miraculous trade calls

Doesn't that depend on what platform you are trading from? On many platforms placing a limit buy for half the position will simply open a new position and leave the original full position open. So you will be incurring double the spread expense. You ...

Struggling to understand limit orders

As you were responding to my post, I'll reproduce it in full.... "I don't see that it is a necessity that a trader be successful to be able to offer advice. He only needs experience, good and/or bad. Often the best advice is about what doesn't work, ...

Proof That Ultra Profitable Trading Is Indeed Possible

I don't see that it is a necessity that a trader be successful to be able to offer advice. He only needs experience, good and/or bad. Often the best advice is about what doesn't work, especially trading with too high a risk. Supertrader's new ...

Proof That Ultra Profitable Trading Is Indeed Possible