You don't necessarily have to post them here but it's helpful to keep a journal with trades and reasons for taking them. Then you can evaluate your performance, see what went wrong, try to find out why you made mistakes and learn not to make them in ...

How far will I go with 11 trades, each 30 AUD?

Hey man, you should continue this challenge even though you'll almost certainly blow your account. Posting every trade on the forum will teach you to be honest with yourself and this is one of the most important qualities of a trader.

How far will I go with 11 trades, each 30 AUD?

They are random to a certain degree, some moves can be predicted with high accuracy.

My feeling on price movements - they are random

Chill out, bro.

How far will I go with 11 trades, each 30 AUD?

It's strong despite weak data.

Verb's Macro Economic Sentiment Journal

You're right, man. When you buy EURUSD with 1 pip spread it doesn't mean it will still be 1 pip when you exit.

How far will I go with 11 trades, each 30 AUD?

I meant what I said, don't try to twist it your way. I hope you understand the difference between theory and real trading.

How far will I go with 11 trades, each 30 AUD?

Let me repeat this part, you might have missed it: Having a good strategy may in theory turn the odds in your favor.

How far will I go with 11 trades, each 30 AUD?

The odds of winning a single trade with 1:1 risk reward are closer to 50% minus transaction costs. Having a good strategy may in theory turn the odds in your favor. Having no experience gives you almost zero chance to turn even a profitable strategy ...

How far will I go with 11 trades, each 30 AUD?

If you lose this trade will you still think you did the right thing taking it? Are you going to make money over the long run doing exactly this kind of trade? If the answer is "Not sure", don't even bother.

Most important question to ask before trading

Close to zero.

How far will I go with 11 trades, each 30 AUD?

BTW, you should read this guy's posts if you're interested in global macro.

Need book recommendations for Macro analysis

Macro trading is a trading style that capitalizes on the correct anticipation of global macro flows. You can learn about macro trading from Soros if you manage to follow his thought process, it's not easy to say the least. An easy read would be the ...

Need book recommendations for Macro analysis

Ok, thanks, that clarifies a lot.

Take profit - is it a limit or stop order?

That's something I didn't know. So lets suppose I enter a bid on Currenex at 1.2160 and the market is trading 1.2160/609. Then it moves down to 1.21599/1.21605. What you're saying is that my order can still remain in the book unfilled because there ...

Take profit - is it a limit or stop order?

Actually I do know a little about the markets, however I have trouble understanding your post. Anyway, can you tell me if I can enter and exit the same position with a bid and offer on Currenex/Dukascopy or other real ECNs? It seems MBT does not ...

Take profit - is it a limit or stop order?

Ok, I'm talking about a real exchange, like ECN (which MBT pretends to be), not a market maker. A limit sell order on exchange IS the ask when there's no other lower sell limit order on the exchange. And it is executed against a market buy if there ...

Take profit - is it a limit or stop order?

I tried it on MT4 and as I said, Take Profit on an existing buy order didn't get executed until the bid reached the price. So it didn't behave like an offer (limit order). Do you know if I can open and close position using buy and sell limit orders ...

Take profit - is it a limit or stop order?

Technical players use tech levels to place their orders. Fundamental players use fundamental analysis but may still use tech levels to enter and exit their position. Other players may pay attention to tech levels because they know that tech players ...

(binned per thread starter's request) Behind Price-Orderflow

Well, anyway, I just realized I was doing it on MBTrading EXN which is not a true ECN exchange. There's no commission so they need to make money on the spread. So I'll try to do the same thing on MBT Pay For Limits which is supposed to be a true ...

Take profit - is it a limit or stop order?