Same thing here, my "mentor" was the market itself. Learning how to trade profitably still remains a very lonely endeavor for most traders.
Excellent comment, mechanical strategies are the only one you can seriously backtest. :thumbsup:
Traders who are also computer programmers are very rare, so this is a BIG plus for you! Your computer programming skills will allow you to code...
It's not nice to make fun of a fellow trader.
You can still trade the Asian session in the Forex market. It starts around 6PM New York City time. In fact, if you have a good trading system,...
Then I suggest you read a LOT of trading books (I personally read more than 350 books over the years). And then test and test and re-test your...
I was talking about money managers with full power of attorney.
That's the mark of a good trader.
Excellent! In other words risking less capital is more important to you than earning a few extra dollars. Keep up the good work. :thumbsup:
I trade with 50 to 1 leverage, that's more than plenty my friend.
What time frame are you using?
Care to elaborate a little, your reply is rather vague and generic?
What are you talking about, GBP/NZD alone made a 500 pip move in less than 3 days, what more do you want? :D
The Dragon is still flirting with the 136.50 zone, an important support level on the 15 min chart. Let's see if it breaks it...
Selling short at 136.52, 50 pip stop.
Take a look... [IMG]
That means you need to make more than 42% a year, 4 times the return of the S&P 500. The biggest hedge funds cannot even earn half that return....
Understood. Now here is my question : How do you know that this scaling in technique will make you MORE money if you keep doing that 1,000 times...
The stock market returns about 10% a year on average, so that's 60 bucks for you at the end of the year (commissions not included) and $1,556 in...
Could you give us a simple example please?
Separate names with a comma.