Harder for Currency Traders to Make Money?

So he says, but I think for the retail trader the volatility is good. I'm not at my rig so I can't check exact numbers but off hand I'd say this volatility is still nothing compared to CL or the indices. Reduced liquidity may be an issue for the BSDs, not for retail.

Can't wait for the 2016 BIS report to come out.

http://www.bloomberg.com/news/artic...squeezing-traders-27-year-market-veteran-says

 

With the constant threat of intervention from governments and central banks in all markets, it seems to be more difficult and less certain for all of us traders. (The persistent theme seems to be "deterioration all around".... countered by governments'/CB's efforts to ameliorate that deterioration.) Trading today seems like trying to "step lightly through a mine field".

 

You know, all I ever see from traders is why they can't trade, whether intervention, HFTs or the weather, it all a crock. You learn to adapt and put in more study time till you figure how to grind the money out. Trade long term and learn how to hedge, you need more funds, you make a little less, but you learn how to overcome.

Best thing is learn to program and automate as it far less noise trading after midnight.

 

So you're suggestion we should nut up and quit making excuses????

That we should put on our big boy panties

That this shit serious..., eat or be eaten..., and we either need step up.., or step aside



Hmmmm..., sounds about right to me

Tellin Ya - I do love this gig




Trade well all - and to hell with the results

RN

 

I went the other way. I'm so small now I can trade with no stops. I can blow up. The pathetic thing is, my performance is way better and more consistent than what it was when I was trading serious money. But the money I'm trading now can be lost (although that would make me extremely sad and I would have to cut back on all the luxuries (vices) that are killing me)), I wouldn't have to move or anything.

 

If you're looking for volatility, trade any of the Scandinavian crosses. xxxSEK or xxxNOK.... 300 pips is a slow session. I think GBPSEK was >1,000 range today, as was EURNOK.

 

I think once people stop worrying about the money, they can trade much better....
You are concentrating better now and not taking trades that are wishy washy?

 

I'm probably going to die one year sooner for that day or two I traded NOK.

 

hahaha... i love the ranges. Just cut position size down by 400% and it will be much simpler.

 

With my trading approach and selection criteria, the market offers a very limited amount of trade setups per day/month/year. It's not much different than major league baseball. Good pitches are infrequent. I am extremely adamant with my entries on these setups. In my world a bad fill is a good fill. Chasing can be done properly, but the time window and plan of attack requires very fine tuning. This is one of the true edges of the directional daytrader. Recognizing ignition points of momentum