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Found 138 results

  1. Anyone know where the statistic of 95% losing and 5% winners ratio for traders came from? I keep seeing this put up as a "FACT" but there doesn't seem to be anything other than anecdotal evidence to support this statistic. Anybody have any idea?
  2. I'm looking for a reliable forex signal service (better with pending orders), with real and transparent results, I would be happy if someone answered me ... thanks
  3. Hello, My name is Yana. I would like to establish here JustForex company. I would like to tell you a little bit about our company and gather a community of traders here and if you have any questions, I would be happy to help you here. JustForex offers several trading account types with a wide choice of trading instruments and everyone can find the most suitable one according to his preferences. Trading conditions: spreads from 0 pips, leverage up to 1:3000, mobile versions of MT4, order execution from 0.05 s. Please feel free to contact me here if you have any questions. And the question for traders here. What Forex broker do you trade with? And why? Let's discuss.
  4. Or are they the same thing? They seem so similar, but my broker (Jones Mutual) offers both, so what is the difference and which one is better?
  5. I have been learning binary options and crypto trading for a little bit now. Its difficult to find a strategy that works best for me because there is a endless amount of them. What is the way that you found the strategy that worked for you or fit your trading style?? I have been trying alot of different ones but cant seem to find one that benefits me and its the most frustrating thing.
  6. A website that offers fraudulent EAs is being used for scams and other financial crimes. The website in question is btcmt4.com and belongs to Philippe Ballesio who uses the pseudonym "plukumust". He took away 1 BTC, never responded after paying for an EA he never sent. That man has a great history of scams, after investigating in depth I could find financial crimes, computer crimes and common crimes. Your most recent fraudulent system is btcmt4, be careful ...
  7. Hello, I wish to get into trading(maybe day trading). But my question is what should I focus on learning, stocks(btw I know about the $25000 limit but I don't know if I am going trade that many times a week) or Forex, atm I plan to start with 500-1000$. My background would be that I have taken an economics class in which one part was stocking as we had to play a stock market game for around 3 months. Also if you are wondering I don't plan to start real trading for at least a few months(I Plan to practice with demo accounts first and find a profitable strategy first). Thanks for the help!
  8. EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure
  9. Hi, Seeing the increase in posts on various currency pairs, we have decided to start generic threads, this one being for EUR/USD. All items related to EUR/USD should go in here, *unless* there is a specialized topic or question related to EUR/USD. We will err on the side of caution and assume discussions on the pair should be in this thread. I hope this will keep the forums clean, discussions coherent and synchronized.
  10. A pip is the measure of change value between the two currencies and one pip is equal to 0.0001 of the change in value Multiplying the number of pips with the exchange rate is needed which tells how much the account has appreciated or depreciated in value
  11. Hello;) I've been tried a variety of FOREX trading platform. But there are so many pirate copies in the market. They are usually cause system instability and even disconnection. The ideal trading platform must with function of place market order, limit order and OCO...etc. Most of all, it can provide stable and safety environment for trading. Have you ever used the download trading platform like that? Please share your opinion.
  12. Still looking at some 15M down side w/ hidden divergence; not exp. lower than 61.8 fib retrace into congestion before 5th wave up.
  13. I am not a forex trader, I trade mostly ES, JY, EC, BP, CD futures. I have been studying forex for some time for the sake of understanding better and have decided I might jump in. I lack the understanding of how forex data works, my understanding is that the big banks and brokers provide their data to data providers who then consolidate it into total volume. It seems to me I would want a data provider who provides the most banks input for their data. I am looking for tick data on up and a provider who would list their bank data in a way where I could identify the largest contributors, sort them somehow and develop an indicator to show me this big boy volume. Do any of you know which providers have the largest amount of volume providers and list them in way like market makers on L2? Also, I am not an expert here and would appreciate any corrections to my thoughts or assumptions. Thanks you MM
  14. Whether you have $20 or $200,000 to invest, the objective is the same: to make your money grow. The means, however, vary dramatically based on your investing style and how much money you have to work with. If you invest effectively enough, you could conceivably live off the earnings from your investments! 1. Build your emergency fund. If you don't have such an account already, it's a good idea to focus your efforts on setting aside three to six months' worth of living expenses just in case — hence, an "emergency fund." This is not money that should be invested; it should be kept readily accessible and safe from swings in the market. You can split your extra money every month, sending part of it to your emergency fund and part of it to your investments. Don't tie up all of your extra money in investments, unless you have a financial safety net in place; anything can go wrong (a job loss, injury, illness) and failing to prepare for that possibility is irresponsible.
  15. Hi, Seeing the increase in posts on various currency pairs, we have decided to start generic threads, this one being for AUDUSD. All items related to AUDUSD should go in here, *unless* there is a specialized topic or question related to AUDUSD. We will err on the side of caution and assume discussions on the pair should be in this thread. I hope this will keep the forums clean, discussions coherent and synchronized.
  16. Hi everybody, I am in little confusion with Tradorax, in actually I want to start trading so I was looking for the good trading websites which can assist me in testing strategies, creating expert advisors or indicators. So, I have found Tradorax easier for me but after doing some research there were some bad reviews and good reviews about Tradorax. It makes me little worried about starting with them but positive reviews are attracting me too. So, Please guys suggest me some good advise and also tell me if you have any personal experience with Tradorax.
  17. I've found a very useful forex tipping website who provide pretty reliable tips and they have helped me out a lot recently, so I thought I'd help you guys out and leave a link to some of their videos: https://www.youtube.com/playlist?list=PLctmVL7imFbz_bBichfZL3Pkh3HC7YG7I
  18. Hi, I have doubt regarding PMI. I couldn't get clear explanation till now. Can any one explain me.
  19. Hi everyone, I have tried a lot of free and commercial trading platform. Few months later, I find the Mars Trader. It developed by the HTML5. That means this system dispense to download by any browser. Even you can easily to experience on iphone/ iPad / Andriod. It’s very stable and innovative that I have never seen.
  20. Day trading, perhaps the most interesting at the same time highly testing a venture of all trading methods. I wanted to share with you all the trading system I follow, which I found to be highly interesting. I have attached 5m and 15m charts of GBPJPY & USDCHF of today's european session. Healthy And Wealthy Trading
  21. Based on my own experience as well as working with hundreds of traders over the years, I have come to the conclusion that there are three major components to winning in the stock market. An excellent Method, a customized Plan that fits YOU, and the right Mental Approach. While mastery of each of them is paramount, building the right Mental Approach seems to be the most challenging to master for the majority of traders. Without a winning attitude and the proper mindset, even the soundest of all methods will lead to lost money. In fact, a winner is more defined by mental make-up than by method. This is why the trader with a winning attitude and a faulty approach can still produce positive results, while the trader with a loser's mentality will stumble and fall, despite an excellent approach. Don't think so? What do you actually think causes one trader to play six winners in a row, and another to experience six consecutive losses? How is it that one trader can use a daily newsletter and win, while another uses it and loses? What do you think differentiates the person who buys XYZ and wins, from the person who buys the same XYZ and loses? The difference lies in the Mind, plain and simple. One of the most revolutionary axioms I have ever come across is this: "As a man thinks in his heart, so is he," and this universal truth is just as applicable to traders as it is to anyone else. Monitor the attitude of a winner and you will find a level of confidence and certainty that is almost beyond belief. And while most people will make the mistake of assuming that winners are confident and certain because they win; the truth is that winners consistently win because they are confident and certain. No method, however sound, will work for the trader who mentally pictures himself losing before each trade is placed. And no amount of Money, however large, will save the individual who secretly harbors the belief that, "Whatever I touch, turns to mush." As choice-making individuals, we must choose a winner's mindset. You can never fail, or even feel like a failure, if you recognize the simple fact that you are not your results. You create them, which means that you posses the power to alter them if you happen not to care for them. There is room at the top for all dedicated traders, but the first step is to actually believe that. The second is to start acting like it. Think the part, then act the part and the rest mysteriously takes care of itself. But don't take my word for it. Just try it. Jared Wesley
  22. Hello folks, I want to start a free chat room for serious traders using Volume Spread Analysis and Wyckoff methods on their day-to-day basis. Im usually online from the middle of London session to the end of NY session (somedays I may be online for the open of the Tokyo session). Details: 1.- No head trader: Nobody giving signals or anything, no guru, just serious traders sharing charts, analysis and talking about Smart Money manipulation. ie: Chat user1: Hey guys seems like GJ its being accumulated after that selling climax Chat user2: Yes, I will be buying any no-supply bar anytime soon 2.- Free of charge: Kinda like the forexstreet chat in the forex socialnetwork but without all the newbies, scammers, signal vendors. I don't like the forexstreet chat personally because it gathers all type of traders with all types of strategies, experience, etc. Because of this, it usually gets a little messy (just my humble opinion, no offense). The idea would be something very similar to this but for VSA and Wyckoff traders only, trading spot forex and/or currency futures on a serious day to day basis. 3.- Non-educational: The motivation of the chat room would not be for educational purposes but I´m a believer that everyday is a learning opportunity and I am always open to learn something from everybody. So, obviously we all will be learning together from each other, but this would not be the main reason of the room. 4.- Real purposes of the chat room: Meet fellow traders using the same methods (Wyckoff and VSA) to make money in the markets, manipulation talk, sharing analysis, basically all the purposes of a trading community but with a filter for Wyckoff method's believers and VSA traders. Important: The chat would be using a private instant messenger like Skype, Hangouts, etc. I don't want to be the "owner", I want the chat open when Im not online so Im open for suggestions from all of you interested. If you use VSA and/or Wyckoff method to trade the currency futures or spot currency markets you are very welcome to join with ideas to make this happen. Please let me know by replying in this thread or via PM Warm regards from Mexico,
  23. Trading With Small Account Sizes Now that regular forex trading activity has made its way into everyday households, retail traders have been able to enter the market with the ability to execute high leverage levels with very few limitations. But the unfortunate reality is that most forex traders are caught up in the hype and believe that quick riches are possible even when starting with the smallest account sizes. We have even started to see forex brokers offering micro accounts with minimum deposit sizes of $25 or less. This has democratized the trading environment but it has also made many traders with small account sizes vulnerable to quick market reversals that can wipe out an entire savings balance. For these reasons, it makes sense to assess the rules and tools smaller traders must utilize in order to stay in the game and keep their accounts growing. There are many market experts that will actually suggest there are no real differences when trading, and that a smaller account should be approached no differently than large institutional trading accounts. But while this is largely accurate, there are still some things that smaller traders must keep in mind in order to avoid a margin call situation that could deplete your entire trading account. Starting With Realistic Expectations The first problem that plagues most new traders is the problem of unrealistic expectations. This problem can take many different forms. But in most cases, you will see a new trader with a small account get a few successful trades in a row and then start to expect that those results will be duplicated forever. These traders will then start to do the math and figure out how much money can be made each day, week, month, or year. This is destructive, however, because it is taking your mind off of what you should actually be doing (analyzing the market and isolating high-probability opportunities) and centering it instead on scenarios that could make you rich with little effort. Markets are never this consistent, and there will be always be situations where you do better or worse than you have originally expected. Trading projections are generally not very useful (especially in the early stages) because there are going to be many events for which you are unprepared and many market scenarios that might not necessarily conform to your original trading plan. The unfortunate reality is that you are not going to be able to turn a $500 account into $1 million in a month or a year. Even if you max-out on your available leverage, these are unrealistic expectations that should be disregarded immediately if you plan on being an active trader for the long run. Large/Small Account Sizes: Similarities And Differences At the same time, markets are markets and trading is trading. The argument can be made that a $500 account should be traded no differently than a $1 million account (other than the fact that trade sizes should be proportionately smaller). There is a good deal of truth to this, because the probability for a given chart pattern will not change depending on the amount of money that is in your account. In these ways, large and small account sizes are essentially no different as long as you keep your risk percentages to appropriate levels. (Conventional wisdom here suggests that you should never risk more than 2% in any one position.) It is also important to remember the characteristics of the markets you are trading. One example would be differences in the ways gold prices vary relative to currencies. When viewing the market in this matter, the real issue is the strength of your strategy rather than the size or your position. The key here is to view your account in terms of percentages, rather than in Dollar figures. In other words, look to make back your 2% on the trade, rather than trying to make $100 or $1,000 on your trade. It is amazing how often this mistake is made, as traders start to look at the forex market as a source of income rather than as a living organism that does not care about whether you win or lose (or if you have made enough money to cover your monthly bills). It is also another reason why options trading strategies might even make more sense for new traders. Forex trading simply doesn't work like that and if you expect to stay in the game you will need to view your balance in terms of percentages rather than as a potential Dollar figure. Stop Losses and Market Anomalies Large accounts are better positioned and better able to weather market anomalies. As a personal example, I remember being short the EUR/CHF when the Swiss National Bank (SNB) decided to construct a price floor at 1.20. This was done to prevent excessive strength in the CHF but the move was largely unexpected and took many traders (myself included) by complete surprise. I was in front of my trading station when this occurred and I saw prices climb by more than a thousand pips in minutes. I did not have a stop loss in place when this move occurred and this created the biggest loss of my trading career. Fortunately, my position sizing in this case was relatively small and I was able to avoid the total depletion of my account. (Chart Source: CornerTrader) But what would have happened here if I was just getting started? Would I have been able to withstand the losses taken by such an unexpected move? Prior to that day, I never would have guessed that markets (especially the EUR/CHF, traditionally a low-volatility forex pair) could move 1,000 pips in a day -- in any direction. Of course, I was wrong in this case and the mistake turned out to be very costly. For these reasons, stop loss placement is much more important for those with small account sizes as there is much less flexibility and margin for error. The market can (and eventually will) surprise you and destroy your expectations. For those with small trading accounts, proper preparation here (a stop loss) is vital and could potentially be the only thing that keeps your account active when a market anomaly occurs. Conclusion: Does Size Matter? So here we come to the ultimate question: Does account size matter? Unfortunately, the answer is a vague ‘yes and no.’ “Having a small account size means that you will absolutely need to take certain precautionary measures (ie. having a relatively conservative stop loss that is in place),” said Sam Kikla, markets analyst at BestCredit. “This is the only way to protect your account from market anomalies that can erase all of your previous gains in short order.” Another factor to remember is that leverage is much more dangerous when your account size is small. There is absolutely no reason a trader with a $500 account should ever be taking 200:1 leverage. At this rate, it would only take a small string of losses to completely eliminate your ability to continue trading. On the plus side, smaller traders that obey these rules (and focus on percentages rather than Dollar figures) will have access to the same returns as those with institutional accounts (again, in percentage terms). The real issue here is whether or not you are taking an overly aggressive approach to your trades. This is not a viable option for those with smaller account sizes. So, there are important differences that can put smaller traders in a more difficult positions. The positive here is that most of these difficulties are removed when you keep a conservative trading approach, use active stop losses, and structure your trades so that they are working as a percentage of the whole.
  24. Since the stop loss subject is extensive, involving many other topics, I will discuss only the initial stop loss that is necessary to control the losses if the trade will not be successful. Let us now see the four best stop-loss techniques applicable to many different trading systems. Stop based on volatility (Volatility Stop) Imagine a market where the candles have a width of 120 pips. It makes sense to put a stop loss at 5 pips away from your point of entry? Unless your strategy is not a form of super-extreme scalping the answer is No. If you get into a certain direction you have to ask if you're giving the market time to develop in your favor, without which, insignificant fluctuations close down your position prematurely. On the other hand, one stop too distant, will lead to losses that you can hardly recover. Looking at the average volatility you can understand, therefore, where it makes sense to place the stop loss based on the breadth of recent market movements. Thanks to the ATR (Average True Range) indicator you can easily obtain the volatility of the last N bars. The value obtained will be the basis for choosing your stop. Stop based on support and resistance Another powerful way to set the initial stop loss is based on what is the reality of the graph. Markets will offer a wealth of information: the prices are clearly moving in one direction? The prices are moving wildly within a certain range? Through observation you can have a number of ideas to find a price level above which we have little hope that the trade turns in our favor in the short term, or not to proceed further against us by exposing them to excessive drawdown. Stop based on indicators Some traders, lovers of technical analysis, tend to base every aspect of their trading on the results offered by various indicators: list the various methods used would be impossible, so I will limit myself to one example. A fairly common technique is to enter and exit a trade based on the crossing of two moving averages. Stop fixed to N pips The stop loss is set at a certain number of pips from the opening portion of each position. This is an ordinary technique, where the distance is fixed and equal for each trade, such as 20 pips. You should exclude the idea of ??using a stop of this type since there are important gaps. First, it disregards the fact that volatility varies over time and is never fixed. Generally, the shorter the timeframe used, the greater the possibility that the volatility changes. Secondly, it is not connected to the reality of the markets: it does not consider resistance and support or other guidelines which may provide an assessment of the graph. The only people who I think can use a fixed stops are experienced traders who intend to work with a very short term scalping technique, while maintaining a very tight stop loss. Choosing an option or the other, would simplify what cannot be simplified. Every trading system, and each trade is a special case. I have tried to provide meaningful tools to check your initial stop loss: making good use of them can greatly improve your trading.
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