Funny how totally meaningless/childish threads get 3 000 responses in 5 minutes. But the minute you talk against the "system" you get zero...
That is PRECISELY what these scumbag "analysts" on Wall Street and elsewhere want you to believe: technical analysis and chart reading do not...
You are welcome. I suspect GBP/USD will hit some resistance around $1.3935 and pullback a bit (or even reverse) but don't count on it to bail you...
What time frame are you using? In any case you should never let any position take more than 2% of your capital.
See my response here (post # 9) : https://www.elitetrader.com/et/threads/the-contrarian-view-a-case-for-fundamental-analysis-in-forex.360023/
Famous systematic trader and author Perry Kaufman proved via backtests that the equity market is mean-reverting in nature (including individual...
Due to its 24-hour nature and high leverage, Forex can eat the trader alive and turn him into an addict fast! It's an entirely different...
ABSOLUTELY NOT! The backtest is THE most important thing. If your trading system cannot make money after 500 or 1000 historical trades just go...
Yes, that too, but keep in mind that stock trading exists because a lot of businesses need to raise cash (to pay their debts, create new products...
Is short selling ethical? Short sellers say it makes the market more efficient (the price of "overvalued" stocks returns to its "normal" level)....
In zero-sum games (Forex, Futures) there is indeed something unethical going on, in my opinion. After all, these markets, while legal, are...
They reach that conclusion even on a freaking DEMO account, where no real buying and selling ever take place! :D
Please re-read my last post, I did not say that successful traders do not feel anything. Also note that they cannot have "large unrealized...
They are human, but they never let their emotions (good or bad) interfere with their trading. Reaching that level of self-control requires years...
Very successful traders are never bored, terrified or even happy, they trade with zero emotion. And they know they can always find a trend...
There are ALWAYS plenty of fresh new trends each day. Put a simple 200-period moving average on enough charts (stocks, futures, Forex) and you...
Believe it or not, here are some famous persons I have already met in New York City (in no particular order): Woody Allen. Faye Dunaway. Peter...
You truly believe that successful traders are going to reveal their secret sauce so that you can eat their lunch...? ;)
Making 50k or 100K in one day is a meaningless metric. The only things that count are the annual ROI and the maximum drawdown. The rest is just...
No comment, I am speechless.
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