Recent content by mcd

Hi Shortsell, I have a regular plus account. As mentioned in an older post I did contact IG Index saying the percentage of slipped stops seemed quite high but they replied that such slippage is "... both fair and reasonable...the only way to fully eliminate such a risk would be to trade with a...

Hoggums, As mentioned, in my case, it is simply factual information that around 50% of my stops are slipped by an average of 2.88 points in the most liquid spot FX markets. All but one of the eleven trades in question were outside news announcements. On the balance of probabilities, this seems...

Black Swan, Your reply, "Clear as day to me...ho de ho.." Translates to... "I wish to exercise my right to remain silent." I guess the jury will have to draw their own conclusions based on the evidence before them ...ho de hum..

Hoggums, Always good to have balance on any issue. In my case, it is simply factual information that around 50% of my stops are slipped by an average of 2.88 points in the most liquid spot FX markets. All but one of the eleven trades in question were outside news announcements. On the...

I have re-read but doing so did not expand on your reasons why you believe trading forex via SB firms is deranged or illustrate what you believe to be the best spot fx trading option. Given that your profile states your preferred trading instruments include spot forex spreadbetting and your...

Hi Black Swan, I agree the sort of slippage I have experienced with IG Index is enough to send an otherwise sane person deranged but can you expand on your reasons why you believe trading forex via SB firms is deranged and what do you believe to be the best option? I find your comment...

Greetings everyone, My experience of slippage with IG Index couldn't be more different. I have an account with IG Index and recently began trading in small size in the FX spot majors, mainly EURUSD. Of my last eleven trades, five have incurred slippage on the stop i.e. the majority of stops...

DB Desks I used to be a trader at DB London in Fixed Income, i.e. bonds, Financing and Lending (known as the Repo Desk) and also traded Forward FX at Mizuho. It may seem a little biased if I suggest you choose these two desks but I'll try and justify the choice rationally. By choosing...

This article appears heavily influenced by the writings of Van Tharp. That said, this excellent article has distilled the essence of what is really required for successful trading - good method and money management are crucial but real success lies disproportionately in the mind of the individual.

Hayek, I may have misinterpreted your reply somewhat - no hard feelings :D

Hayek, you are right about the 22.5 calculation which made no difference to the point I was making. BTW, by accout I guess you meant account and by expectany I guess you meant expectancy right? As I stated from the outset, it was simply an assumption. I was illustrating a way of assessing...

Rogue, your question relates directly to expectancy. Understanding expectancy is essential to profitable trading. From the figures you quote you actually have a positive expectancy in fact you should be very profitable. Here's why: Given the following assumptions from your information: 65%...

I agree 90/5/5 does sound a little severe. Take a look here http://www.fxstreet.com/nou/content/107550/content.asp scroll just over half way down to the heading labelled "Trading". There's also some other interesting and up to date facts & figures there mostly from BIS which is generally...

From general reading on the FX market, the concensus seems to be that on average 90% of traders lose money, 5% break even and 5% make money. Harsh reality but makes sense when you consider that the very best traders can become immensely wealthy. In the zero sum game of FX trading all that...