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hahaha :D

Man, I entered a trade hoping it would do neither- now I'm screwed :p

It starts off being 80% risk and ends up being 80% reward :-p

It is great that the pro's and the noobs both participate in the forums. I know I've benefited dramatically from this.

Using fixed-fraction to determine when to increase your unit size is inefficient to begin with, and dangerous near the end. Say you are trading 1 standard lot with a $10000 account, and you only increase to 2 standard lots once 10% of the account growth has been achieved. You will be trading 2...

Magician, I don't think you are viewing the purpose of the so-called "fear" tactic correctly. The goal is not to spread fear by sayng 96% of traders fail because trading is hard. The purpose is 96% of traders fail because they are not prepared for trading when they start. That's what the...

Your first mistake is used fixed fraction over fixed ratio. Most people don't know what their largest expected drawdown is. If you have this information, look up fixed ratio and you will see a golden difference once you understand the concept.

Lately I've begun to realize that most traders fail because of the advice they listen to. This game is mostly the blind leading the blind- I can tell that by how many people put stock in candlestick patterns they've never backtested, by looking at how they rank money management, and by the...

I think over-trading is also a large issue. I know one trader that's always in 4 different currency pairs at once. In the end, he doesn't know how the currency pairs correlate to each other and breaks completely even. Time. After. Time. Most failed traders were people that felt it was...

Why are candlesticks in this list? Have you ever back-tested them in each market and interval to know whether following them is good advice or fool's gold? I've been doing extensive backtesting on candlesticks, and the results are astounding- the market typically does the opposite of what a...

Jona is correct, the better the broker the more liquidity they will have. Get with an ECN broker and they are 85% less likely to put you in these sort of situations.

It's hard to find a profitable provider. I agree though, I never follow the signal exactly as they say. I'll take a profit I'm happy with, and I'll have a different stop than them too. Their goal is to maximize our potential profit, not to give the safest trades possible.

There are too many sides of human nature that gets in the way of trading. Thank goodness for stops/limits so we can just set it up and walk away. I have a bad habit of taking huge losses and small profits if I don't setup stops and limits.

The VSA is easiest to find in a tick chart, not really sure where else it is available. NinjaTrader offers tick charts through Kinetics data, you could build a personal indicator there.

Al Brooks has a book, "Reading Bar charts bar by bar" or something that deals mostly with price-action without regard to indicators. He also offers many technical analysis books. They are good introduction books.

I saw these same posts on 2 other forums...

Tradesavin (google it) is offering 65% off "Right Angle Trading ETF Signals", so it's $67 for 4 months. I haven't looked into it much, but I haven't found anything negative about it yet.

One of the more friendly brokers that offers a demo account is Oanda. Many people have highly recommended this company to me. You should google that company, if you want something else, just type "Forex demo account" in google and I'm' sure you'll get plenty of results. Most traders highly...

Mostly due to human nature, partially due to experience, partially due to not enough research, and partially to do with the fact that no strategy is 100%. Human nature is hard to get over; not moving your stops/limits, taking MUCH larger losses than you do gains just because you were hoping...

I'm interested. Skeptical, but interested.