Recent content by MRDW

Scalping is the most difficult of all trading strategies and almost everyone who tries it loses why scalping is so difficult. But if you must scalp, get a broker that offers no-requote trading. Latency means that sometimes the price will change in the time it takes for the quote to go from...

Currencies are driven by long-term macro-economic forces and therefore trend. Stocks prices and driven by speculators speculating and therefore revert to their means frequently. Trading trends is hardest.

The government do provide some essential services though.

No, are you mad. Forex trading isn't an investment. It's a highly risky form of financial speculation at best. The Ethics of Forex Trading Forex is a zero sum game and it's not really a productive industry either although it does have some social benefits in that it provides us with liquid...

You must be in the most successful 1% of FX traders if you can trade for a living, well done. I have never met anyone in person who has succeeded in Forex. Not one.

Short term 'addiction becoming something of a background hobby that ruined your life eh? Sounds pretty similar to what counting cards could do to someone in Las Vegas. I personally see nothing wrong with Forex trading, but if people are going to engage in it then it is important that people...

Stop losses should be fairly large in my opinion, an ultra tight stop loss will usually degrade an otherwise good trading system. So what to do if a large stop loss being triggered means you lose a large chunk of your account on a single trade? Use less leverage. One of the mistakes that...

Trading is not investing, it's financial speculation rather than investing. Speculation has far more in common with gambling than it does with any investment activities so it's not surprising that some people do get addicted. Check this artilce about Forex Forex Trading Zero Sum | Zero Sum FX

It's a series of higher highs and higher lows isn't it? Or a series of lower highs and lower lows?

I have recently read that in Forex trading off of technical charts the only real edge comes from the fact that once a trend is in place it is more likely to continue than not. Would you guys agree with that analysis? Is there really any more too it than that? If not, what other edges are there...