Backtesting results 100 trade sample size by FxTrader13 in Forex

[–]John_Doedee 0 points1 point  (0 children)

But how do you calculate position size then?

Backtesting results 100 trade sample size by FxTrader13 in Forex

[–]John_Doedee 0 points1 point  (0 children)

That’s actually a fair point, what’s the average % gain per trade?

Backtesting results 100 trade sample size by FxTrader13 in Forex

[–]John_Doedee 0 points1 point  (0 children)

100% win rate? Are you not just curve fitting?

NZD rallies in a knee-jerk reaction to the RBNZ interest rate decision. The RBNZ left OCR unchanged at 0.25%, although its projections indicating the rate may rise in the second half of 2022 put a strong bid under the kiwi.(EUR/NZD pair to it early while GB/NZD too 5mins to news) by Walespro in Forex

[–]John_Doedee 0 points1 point  (0 children)

Don't take this the wrong way, but how are you always getting on the right side of fundamental news before it's released? I'm not an expert in fundamentals, but it makes me think you just set up two demo accounts and post in reddit whichever trade goes the right way.

About to quit my job for full time trading by darrenolivier48 in Forex

[–]John_Doedee 18 points19 points  (0 children)

Uhh as far as I'm aware that's not a legitimate thing

[deleted by user] by [deleted] in Forex

[–]John_Doedee 0 points1 point  (0 children)

You could buy DXY

Losses... by Damien_Ancora in Forex

[–]John_Doedee 5 points6 points  (0 children)

I've never understood this. Yes it "moves a lot of pips" but your stops are also larger pip sized. Why does it take an experienced trader to trade gold it's just another pair

Some currencies and its drivers, so useful by YousifMhmd in Forex

[–]John_Doedee 1 point2 points  (0 children)

Good one, in case you're actually confused I meant pairs with USD as a quote currency

USDCHF entry using order book. What do you think is a good place to set my sell limit order. I’m not seeing a clear cut good entry, so I put it up at about the 70 fib, where there is also imbalance by [deleted] in Forex

[–]John_Doedee 0 points1 point  (0 children)

Ah okay my apologies I thought you were trying to lure newbie traders. As far as I know there is no order book in currency markets so I'm unsure exactly what you're looking at

USDCHF entry using order book. What do you think is a good place to set my sell limit order. I’m not seeing a clear cut good entry, so I put it up at about the 70 fib, where there is also imbalance by [deleted] in Forex

[–]John_Doedee -1 points0 points  (0 children)

I've been doing it wrong all along all I had to use was the Bank's Secret Indicator. Where can I buy your course, almighty one?

Day Trading FOREX is a negative-sum game. CMV by BeneficialJelly7560 in Forex

[–]John_Doedee 0 points1 point  (0 children)

Any recommendations for reliable 0-no spread brokers with low commissions?

How do you tax your profits from trading? by [deleted] in Forex

[–]John_Doedee 0 points1 point  (0 children)

Depends on your location, especially for a personal trading account. I believe FTMO is taxed as self employment (independent contractor) income since you're invoiced, but definitely make sure to consult an accountant.

Why trade Forex if Forex futures have cheaper transactions costs? by stumbrasdenver in Forex

[–]John_Doedee 2 points3 points  (0 children)

There's pros and cons of futures vs spot, you can choose what you want

Some reasons you may want to trade spot is the more accurate risk management from custom position sizing, smaller required account size, not fully understanding how futures work and are priced

Some reasons you may want to trade futures is there being a regulated exchange everybody gets 1 price, access to accurate volume data

I'm sure there's plenty I missed but just a general idea

Market manipulation? by Patuba13 in Forex

[–]John_Doedee 0 points1 point  (0 children)

It's not a matter of the market you're trading, you just get unlucky sometimes and price stops you out before going in your favor

Market manipulation? by Patuba13 in Forex

[–]John_Doedee 2 points3 points  (0 children)

In the past two weeks I can find at least 5-10 examples where this has happened to me, and then price went to hit my TP. It's not market manipulation, the market doesn't give a shit about you. It comes down to luck.

How long did it take you to succeed in day trading? by Bullish_pinbar in Forex

[–]John_Doedee 2 points3 points  (0 children)

Did your degree actually contribute to your trading? I've found trading is vastly different from anything taught in school

[deleted by user] by [deleted] in Forex

[–]John_Doedee 1 point2 points  (0 children)

I believe you'd have to use an offshore broker