Forex Trading and Miscellaneous

Whether we discover the (at times) lonely and solo activity of retail forex trading by accident or design, we’re social animals and in the social media world we now inhabit, we’ll eventually discover forums and other social media methods, to share and discuss our trading ideas. As we discover forums and other discussion venues, we’ll […]

The majority of the most popular and highly respected trading forums, are sub divided into various categories. You’ll see separate discussion sections for: general trading discussion, platforms, automation, brokers, journals, systems etc. Interactive trading and trading systems are generally the sections that experience the highest number of posts, but not the highest number of threads.

Occasionally there’s weeks listed in the economic calendar, which deliver high impact news events in rapid succession. We may get: an interest rate decision, a GDP reading, a jobs report, and PMIs etc. all delivered within days of each other. And if they all relate to the economy of a particular country, then the impact

If you no longer consider yourself to be a novice trader then you’ve probably suffered some trading losses, you’ll have trader scar tissue imprinted on your conscious mind and gained valuable experience during your journey. Whilst you’ll also quickly realize that trading doesn’t necessarily involve having (or struggling to find) a trading technique/method or edge,

There appears to be two binary opinions with regards to the overall value of backtesting and that opinion is evenly divided. Many traders swear by backtesting, others cite it as patently useless, claiming that only forward testing in real time in the market place works. But is there a critical logical fault in the claim

Discussing various trading methods and strategies with fellow traders, can prove to be a fascinating and enjoyable exercise. Many of us more experienced traders, will enjoy conversing with novice traders, who think they’ve discovered the infamous holy grail of trading. We don’t engage with them in order to indulge in some form of righteous smugness,

Many traders will ask the most relevant and pertinent questions when they first discover forex trading, as either an investment hobby or potential career; “what do I have to do in order to become a trader, how much do I need to trade, how long will it take to potentially become successful?” appear to be

“In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word – Nobody! Thus the successful trader does not base moves on what supposedly will happen, but reacts instead to what does happen”. – Linda Raschke. * One

Many of us have experienced the following scenario; we spend time backtesting a trading strategy involving technical indicators, it delivers a 60:40 win-loss ratio. We then judge it to have potential, therefore we successfully test it live in demo mode. We then test it with a percentage of our capital at risk and it fails.

Why is it that we appear to get over excited with winning trades and close them early, in order to bank the profits and yet we allow our losing trades to run, desperately hoping and praying that they’ll somehow turn around and come back into profit? Psychologists have begun to explain the process by establishing