Recent content by panchovilla84

Lots of free resources are available online. Nothing beats good old fashioned screen time though

You don't. Uncertainty on a trade to trade basis is a fact and a part of the business. The key is to be absolutely certain of the positive expectancy of your system over many occurrences and over a long period of time.

hedging individual forex positions creates a drag on profit potential and incurs additional costs which means it isn't a cost effective risk management tool. However it might be useful if used at a portfolio level to keep net exposure in check esp if you are trading multiple pairs and have a...

At 1st losses are a learning opportunity, then later down the line they simply become just a part of the business.

there are actually currency cfd's as well i believe. I think of a cfd as a broker created derivative contract that can be manipulated by the broker. Why not trade the actual underlying instead?

Some of the best traders on the planet have a winning % in the low 30's. Professionals chase positive expectancy over time and risk adjusted returns, not winning %

Im a huge fan of Linda Bradford Raschke. She's a world class trader and is very open about her strategy.

No problem. Looks like possible short term exhaustion to the upside due to price pressing against previous highs but nothing bearish at the moment. Price is still trading above the 200/100/50/20 on the daily/weekly

Looks like a weekly chart. Here's an update

The time requirement, dedication and work ethic needed to just stay above water is by far the most difficult part of the business. Not to mention the toll it can take on your family life and social life. Everything else comes in time.

Thank you, happy to share anytime

The following is forex specific: risk management for individual positions 1) I will only risk between 0.10 - 0.20% of my NAV per position. The closer my entry is to my SL, the less I risk. I know most traders recommend 1-2% but thats way too much for me based on my style. Especially since i'm...

@MasterTrader When I first started out on my trading journey, I would search every forum I could find looking for any kind of information I could use to help me along my way. Every once in a while I would run into complete crap like yours, but being a newbie and not knowing any better I would...

I'll leave this topic with the following statement,....Real traders can smell amateur bs a mile away. good luck folks

Commodities are awesome especially as a hedge against higher inflation, but silver is very volatile and the options on it arent very liquid.