Recent content by zagreb

for scalpers (with sub $ 5,000.- acc.) supposing that you put reasonable cca. 10pip stop, average bearable risk may be 2-3% per trade. For acc's 5-10K $ risk would be in the range of 1-2% and over 10K risk may be up to 1%. When risk is 2-3%, usual leverage is 1:20 to 1:30. For risks up to 1%...

trading is probability game. When there is no trend you go fishing because chances for profitability are weaker.

while I appreciate author's good intentions (and knowledge) there are some objections. Kelly and shown risk calculating may be suitable for fixed-odds betting, but trading is unfortunately more complicated environment and cannot be 'mathematicized'. For example, one may have less than 50%...

with respect to the poster, I don't think this is best description of FX trading. If you learn ropes (and they aren't that hard to learn, if you know what to search for), FX trading is more like Hummer - relatively safe and powerful, but you need to drive it responsively all the time. By using...

trading patterns reflect human greed and fear. Since those are constants, patterns work more times than they don't - enough to profit on them.

During time I tried and tested many many such tactics trying to find what works and what doesn't. Answer was simple, nothing beats good old skill and willingness to take responsibility (controlled risk). And it is also easiest method actually.

Don't want to sound rude but there is certain contradiction inherent in trading forums. Novices try to learn from experienced ones, so that they can take their money later :) Considering this somewhat 'hostile' fact, forums are actually filled with encouraging percentage of great personalities...

Yes, pretty clear explanation. More colorful one would be: traders are pros and gamblers are amateurs on both activities. Sort of gambling per se is implemented into much more activities than one would suppose.

weird thing is fact that industry offers trading jobs to those youngsters who don't know how to trade profitably. It is skill that cannot be learned quickly nor easily. Moreover, when someone in the organization learns to trade properly they move him up on the ladder - new clueless youngster...

Rob, with respect I see your intention is to be 100% right in your predictions. May I suggest that maybe you are on the wrong course. I admire your present success but since you don't trade on probabilities you may have hard time during your FX career. warm regards

well, IB talk sounds good and even fair (transparent) to me, which isn't that common

scalping in FX is probably most profitable trading method, once learned actually simple and not too demanding, you trade like on autopilot - this method also has best risk/reward ratio. Best of all, it relieves you of prediction mumbo-jumbo, which translates to relaxed trading. Key is to trade...

Interesting article but I think Rob is on the wrong lane. Me and some of my colleagues are perfectly happy with results of implementing TA in FX, year after year. And I have tried it all in my 12 years of trading FX.

it may be wrong to formulate question trading vs. gambling, there is not much difference between two. What makes real difference is pros vs. amateurs question. Pros in gambling and trading earn money and amateurs in both activities lose. Main tool of a pro is active risk management - he...

I would dare to be abit 'perky' and say that institutional bank traders don't need to be as good as private (small) traders, because of their role. Pls dont take this post as an insult, it's only my humble observation based on watching some of them