Recent content by flemming

Hey K-Nau. I am looking into two firms. My buddy trades at Maverick Trading and I know he loves it and is always online chatting and sitting in on trading sessions. But, I have no idea what he is paying in commissions or what his profit split. If you PM me, I will ask him and send it to...

I used to argue vehemently my first couple years of trading that it was NOT gambling. However, after 15 years, I have come to the conclusion that is exactly like gambling. However, you get to chose whether you are the weekend gambler who plays the tables where you do not have an edge unless...

I don't need a trading robot. I just put Vicky from small wonder in front of my system and she cranks out 2000 pips per day.

Once you can generate a rate of return over a decent amount of time, then you can start to plan out how much capital you will need to generate a set amount of income. For example, if you can generate a 10% return on capital per month and you are trading with $1000, that means you will generate...

The question of how much to start is a flawed question. The answer is $0 if you don't have a good track record and a proven trading system over at least 6 months of trading (not just backtesting). If you do have a profitable track record then the answer is as much money as you can get! The...

My buddy has been trading with Maverick for just over a year now and he is always trying to get me to trade with him there. I don't since I don't need any additional trading capital and don't feel like giving 20% of my profits away for buying power I don't need. He has picked up some good...

Typically the FTSE will generally trade off what the US markets did on the day before. However, when the markets are both trading at the same time for the first 3 hours of the US session, you will see a pretty high level of correlation. After the FTSE closes, you will generally see the FTSE...

When trading crude, your indicators are important but knowing the right hours to trade are the most important. I ignore almost all signals during the asian session unless there is high volatility in the asian equity markets. At the london open is a good time for indicators and the first 2-3...

Your operating system is about the least important thing on a trading computer. Internet connection is the most important (of course I'm assuming you have a fairly recent network card), a good monitor is the second most important (dual monitors are great) and last make sure it has enough Ram.

Thanks for the post. Read the book and overall liked it a bit. I wished it was a little more unbiased, especially at the end.

I will have to disagree with this premise. The less correlated the pairs, the more "pullbacks" you will experience. With a high correlation, you will experience more "basing" or consolidation. The GBPUSD isn't the most negatively correlated of the majors but it does have a fairly high...

But seriously, TA is a very broad definition of using price action to determine future prices. In all systems, it really depends on a number of things: What indicators are you using What time frame do you trade Are you looking for momentum trades or reversals What is you money management...

Technical analysis works every single time except for the times it doesn't work

Hi Jez, Let us know what financial instruments you trade and we can give you a little better advice. Thanks

How can humans (even smart ones like Uncle Ben) repeat the same mistakes over and over again. But I guess Uncle Ben told us the reason the depression got so bad was because policy response wasn't strong enough. Doesn't anyone read history and realize in takes at least a decade or two to...